Newway Photomask(SH:688401)2024-07-12 07:34Group 1: Investment Activities - In 2023, Lu Wei Sheng De completed two significant investments: an indirect investment of RMB 160 million in Jiangsu Road Chip Semiconductor Technology Co., Ltd. for a mask production line project with a total investment of RMB 2 billion [2] - The project aims to expand product lines in advanced semiconductor technology and has already completed the main structure of the factory [2] - Additionally, the company subscribed for 7,042,254 shares of Hunan Puzhao Information Materials Co., Ltd. for RMB 10 million to support the upstream materials of domestic mask production [2] Group 2: Acquisition and Control - The company has completed the acquisition of minority shareholders' equity in Chengdu Lu Wei, achieving full control over the entity [3] - Chengdu Lu Wei is primarily responsible for the R&D, production, and sales of high-generation TFT-LCD and AMOLED mask plates, enhancing overall management efficiency and strategic decision-making [3] Group 3: Industry Outlook - The flat panel display industry is experiencing rapid growth due to emerging sectors such as new energy vehicles, smart healthcare, and the metaverse, leading to increased demand for mask plates [3] - The semiconductor equipment sector is projected to grow by 2.8% in 2024, with sales expected to reach USD 113 billion by 2025, driven by investments in advanced logic chips and memory applications [3] Group 4: Share Buyback and Employee Incentives - As of June 30, 2024, the company has repurchased 1,891,079 shares, accounting for 0.98% of the total share capital, to be used for employee stock ownership plans or equity incentive plans in the future [3]