Newway Photomask(SH:688401) Zheng Quan Shi Bao Wang·2026-01-21 14:32Core Viewpoint - The company plans to raise no more than 1.38 billion yuan through a private placement to fund the construction of a high-generation, high-precision mask production base, supplement working capital, and repay bank loans [1] Group 1: Company Developments - The company is the only domestic enterprise capable of mass-producing G11 mask plates, having accumulated substantial technical expertise and quality customer resources [1] - The existing production capacity for high-generation, high-precision mask plates is nearing saturation, limiting the company's ability to expand market share and meet future demand from core customers [1] - The fundraising project aims to significantly enhance the company's production capacity in high-generation mask products and high-precision AMOLED, LTPO, and LTPS mask fields, effectively meeting the urgent incremental demand from the downstream market [1] Group 2: Industry Context - The global flat panel display industry is undergoing a structural upgrade from traditional LCD to new generation display technologies such as AMOLED and LTPO, with high refresh rate and low power consumption AMOLED/LTPO panel demand growing rapidly, especially in smartphones, automotive displays, and high-end IT applications [1] - The project aligns with national directives to strengthen supply chain resilience and promote high-end, intelligent, and green development in manufacturing, addressing critical "bottleneck" issues in the industry chain [2] - The implementation of this project will significantly enhance the domestic supply capability of high-precision mask products, reducing reliance on imported materials for downstream panel manufacturers, thereby supporting the establishment of a self-sufficient, secure, and controllable industrial ecosystem in China's new display industry [2]