Zheng Quan Zhi Xing·2025-08-22 00:10Group 1: Company Overview - Luvi Optoelectronics achieved operating revenue of 544 million yuan in the first half of 2025, representing a year-on-year growth of 37.48%, and a net profit of 106 million yuan, up 29.13% year-on-year [1] - The company is the only domestic enterprise capable of fully supporting different generations of panel production lines in the flat panel display mask segment, with a market share of 25.52% in G11 mask sales, ranking second globally [1] - Luvi has achieved mass production at the 180nm process node in the semiconductor mask segment, with 150nm/130nm process masks validated by customers and in small batch production [1] Group 2: Market Potential - The global semiconductor mask market is expected to reach 8.94 billion USD in 2025, with the domestic market size around 18.7 billion yuan; the global flat panel display mask market is projected to be 2 billion USD [1] - The demand for masks is primarily influenced by downstream product updates, new technology applications, and the exploration of new scenarios [1] Group 3: Technological Capabilities - The company has mastered manufacturing technologies for high-generation halftone masks, high-generation grayscale masks, and PSM phase-shift masks, along with several core process technologies for upstream materials [1] - In the first half of the year, Luvi completed reliability research testing for IC masks and developed mask products for 3D glass covers, while also initiating development projects for G8.6 AMOLED products [1]