Keystone Technology(SH:605588) Zheng Quan Shi Bao Wang·2025-07-31 09:05Core Viewpoint - The company has made significant progress in the semiconductor industry with its Ningbo photomask project, which is expected to drive future revenue growth and fill a market gap in high-end photomasks in China [2][3]. Group 1: Project Overview - The Ningbo photomask project has a total investment of 1.6 billion yuan and a designed capacity of 12,450 photomasks per year [2]. - The project commenced in October 2023, with the factory topping out in January 2024, the first electron beam lithography machine delivered in July, and trial production starting in October [2]. - Key breakthroughs are expected by March 2025, with the delivery of 55nm products and the successful operation of a 40nm production line, marking a transition from R&D to mass production [2]. Group 2: Market Impact and Revenue - The project has already begun contributing to revenue, generating over 7 million yuan from January to June 2025 [3]. - As production capacity is gradually released, the project is anticipated to become a significant driver of the company's performance [3]. Group 3: Technological Significance - The semiconductor photomask industry has high technical barriers and complex processes, and the company's team has extensive experience from leading international semiconductor manufacturers [3]. - The advancement of the photomask project is crucial for breaking the foreign monopoly in the high-end photomask sector and enhancing China's semiconductor photomask industry's security and self-sufficiency [3].