Newway Photomask(SH:688401) Zheng Quan Zhi Xing·2025-07-07 11:18Overview - The company Shenzhen Newway Photomask Making Co., Ltd. is issuing convertible bonds totaling 615 million yuan (61,500,000,000 yuan) [2][5] - The bonds will be listed on the Shanghai Stock Exchange on July 10, 2025, with a maturity date of June 10, 2031 [2][5] - The bonds will have a tiered interest rate starting at 0.2% in the first year and increasing to 2.0% by the sixth year [26][27] Company Profile - Shenzhen Newway Photomask Making Co., Ltd. was established on March 26, 2012, and listed on the Shanghai Stock Exchange on August 17, 2022 [6][5] - The company specializes in the research, production, and sales of photomasks used in integrated circuits and display industries [9][10] - The registered capital of the company is approximately 193.33 million yuan [6] Business Operations - The company has developed photomasks for various generations, including G2.5 to G11, and has achieved mass production of photomasks for 180nm process nodes [9][10] - The company is recognized for breaking the long-standing monopoly of foreign manufacturers in high-generation photomasks, contributing to the localization of key materials in the display and semiconductor industries [9][10] Market Position - In the flat panel display photomask market, the company ranks sixth globally and second domestically, maintaining its market share from 2022 [12][14] - The company has become a significant player in the G11 photomask segment, achieving the highest sales revenue globally in 2022 with a market share of 29.11% [14][10] - The semiconductor photomask market is dominated by foreign companies, but the company is increasing its R&D investment to enhance its market position [15][19] Competitive Advantages - The company has established a comprehensive R&D system and a skilled technical team, enabling it to achieve breakthroughs in key technologies [17][18] - The company has developed its own resist coating technology, which reduces procurement costs and improves material utilization efficiency [19][20] - The company has built long-term relationships with major clients in both the flat panel display and semiconductor sectors, enhancing its reputation and market presence [19][20]