Brief Introduction

Shenzhen Qingyi Photomask Limited(SSE Star Market listed company, Code: 688138) was founded in August 1997 . It is one of the earliest and largest professional manufacturers of high precision mask that integrates research, design, production and sales with the most leading technology in China. In December 2008, the company was recognized in the first batch of Shenzhen"National High-tech Enterprises”. The company currently services as a support unit for both Shenzhen and Guangdong Photomask Technology R&D Centers.

The product, “Photomask”, is a tailor-made and indispensable mask which carries customers’proprietary design patterns. Like a “photographic film”, it serves as the master copy for the purpose of pattern transfer in customers’ manufacturing process. It is produced through the applications of high precision laser writers, chemical processing equipment and automatic optical inspection systems mainly imported from Sweden, Germany, Japan and Korea.

The product is widely intheindustries adoptingphotolithographic technique includingbut not limited to flat panel display, semiconductor, touch panel andprinted circuit board. Products from these industries are commonly used in downstream consumer electronics such as mobile phones, tablets, wearables, household appliances, automotive electronics, computers, network communications, the Internet of Things, LED lighting, medical electronics and so on.

As compared with international competitors, the company enjoys the competitive advantages from increasing consensus of localization for the formulation of a complete and healthy industry chain;havingsupport from national policies;providing domestic customers with more individual, thoughtful and timely services; andpossessing the ability to develop and build equipment for both internal and external uses, which effectively reduces its own and customer costs. As compared with domestic competitors, the company’s technology is in a leading position with strong brand influence and the company has accumulated a large group of well-known customers.

The company always focuses on innovation, research and development pursing excellences in quality and services for business partners. It is committed to be the most competitive high-precision mask making enterprise. With this commitment in innovation and technology, it hopes to drive China’s high-end mask making industry to a new height.

Company Overview

Full name Shenzhen Qingyi Photomask Limited
Abbreviations SQM
Code 688138
Founded 1997-08-25
Listing 2019-11-20
Domicile Shenzhen
STAR Theme New Generation IT
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.29 0.34 0.31
R&D expenditure as a % of operating revenue 4.97% 4.25% 4.09%
Operating Revenue 487 480 407
Net Income 76 70 63

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 487 480 407
Operating Costs 338 319 279
Operating Income 91 81 72
Pretax Income 90 80 72
Income Tax 14 10 9
Net Income 76 70 63

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 471 575 275
Non-current Assets-Total 954 753 412
Total Assets 1425 1328 687
Current Liabilities-Total 176 183 113
Non-current Liabilities-Total 71 22 43
Total Liabilities 247 205 156
Stockholder's Equity
Share Capital 267 267 200
Additional Paid-In Capital 482 482 27
Retained Profits 429 374 304
Total Owners' Equity 1,178 1,123 531

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 187 103 100
Net Cash Flows-Investing -256 -371 -51
Net Cash Flows-Financing -26 503 -16

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
光膜(香港)有限公司 98.64 36.97%
苏锡光膜科技(深圳)有限公司 86.61 32.46%
深圳市熠昌投资合伙企业(有限合伙) 5.25 1.97%
朱雪华 2.80 1.05%
广发乾和投资有限公司 2.53 0.95%
深圳市熠瑞投资合伙企业(有限合伙) 2.13 0.80%
招商银行股份有限公司-华夏上证科创板50成份交易型开放式指数证券投资基金 2.06 0.77%
尤宁圻 1.40 0.52%
深圳市华海晟投资有限公司 1.36 0.51%
中国工商银行股份有限公司-易方达上证科创板50成份交易型开放式指数证券投资基金 1.09 0.41%
As of 2020-12-31

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