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    Semiconductors
Shenzhen Qingyi Photomask Ltd. Class A

Shenzhen Qingyi Photomask Ltd. Class A

SSSE:688138
27.72
CNY
+0.66
(+2.44%)
0.65EPS
72.70P/E
14.80BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.36
1.6
1.68
1.58
1.57
2.02
2.32
1.85
2.08
2.85
3.45
4.2
4.17
4.13
Basic EPS, GAAP
0.19
0.28
0.28
0.23
0.19
0.31
0.34
0.29
0.17
0.37
0.5
0.65
0.63
0.65
Free Cash Flow per Basic Share
0.13
0.19
0.31
0.1
-0.34
0.24
-1.3
-0.26
-0.42
0.14
-0.18
-1.35
-2.3
- -
Dividend per Share
0.02
0.02
0.02
- -
0.01
0.02
0.02
0.08
0.11
0.08
0.15
0.24
0.36
0.43
Book Value per Share
1.36
1.64
1.92
2.14
2.34
2.65
4.21
4.42
4.49
4.8
5.19
5.56
8.83
9.11
Tangible Book Value per Share
1.34
1.62
1.9
2.13
2.32
2.63
4.14
4.35
4.43
4.74
5.12
5.27
8.58
8.85
Basic Weighted Avg Shares
198
198
199
199
203
202
207
263
262
268
268
265
297
312
Sales/Revenue/Turnover
269
317
334
315
319
407
480
487
544
762
924
1,112
1,240
1,288
Operating Margin (%)
16.56
19.66
20.27
17.41
15.5
18.33
18.58
18.19
10.74
14.57
17.21
19.15
20.13
20.5
Depreciation Expense
30
31
34
37
44
49
39
40
74
110
118
130
144
- -
Net Income, GAAP
38
55
56
46
39
63
70
76
45
99
134
172
187
202
Effective Tax Rate (%)
13.58
13.69
14.42
14.93
10.46
12.45
12.13
15.77
16.8
1.43
11.14
10.72
12.22
13.77
Profit Margin (%)
13.98
17.48
16.68
14.53
12.1
15.38
14.65
15.66
8.19
12.99
14.49
15.47
15.11
15.66
Working Capital
54
54
113
124
130
162
392
296
244
321
345
205
570
397
LT Debt
55
9
3
- -
55
25
- -
36
80
79
78
420
253
329
Total Equity
273
328
384
429
468
531
1,123
1,178
1,199
1,282
1,384
1,483
2,792
2,882
Return on Invested Capital (%)
8.3
11.65
12.13
8.33
7.94
11.13
8.11
6.46
3.55
7.2
8.37
8.73
6.58
6.67
Return on Capital (%)
12.14
16.07
14.51
10.83
8.28
11.3
8.37
6.4
3.83
7.6
8.62
9.76
7.12
7.11
Return on Common Equity (%)
14.83
18.46
15.65
11.25
8.62
12.55
8.5
6.63
3.75
7.98
10.04
12
8.79
9.17

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
485
438
542
LT Borrowings
252
262
328
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
315
315
315
Market Capitalization
8,865
8,156
14,796

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,342
1,199
1,371
Cash, Cash Equivalents & STI
639
418
621
Accounts Receivable, Net
273
333
325
Inventories
238
217
247
Total Current Liabilities
772
757
974
Payables & Accruals
- -
- -
- -
ST Debt
485
438
542
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.28%
22.41%
88.23%
Free Cash Flow
-97.53%
85.57%
92.13%
Net Income, GAAP
20.27%
30.67%
8.89%
Sales/Revenue/Turnover
14.74%
20.97%
11.46%
Total Cash Common Dividend
76.69%
43.9%
70.78%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
272
289
266
285
1,112
2025
299
323
- -
311
1,240
2026
330
323
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
0.15
0.12
0.19
0.65
2025
0.2
0.13
- -
0.14
0.63
2026
0.18
0.2
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.13
0.06
0.02
0.24
2025
0.02
0.2
- -
0.11
0.36
2026
0.01
0.11
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Wei Jiang
Full Time Employees
589
Sector
Electronic technology
Industry
Semiconductors
Address
QingYi Photoelectric Building Shenzhen GD China 518053
IPO Date
Nov 20, 2019
Website
supermask.com
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Business
Shenzhen Qingyi Photomask Limited specializes in the development, manufacturing, and distribution of high-precision photomasks within China. Established in August 1997 and situated in Shenzhen's High-tech Industrial Park, the company provides a comprehensive range of photomasks essential for various advanced industries. Its offerings include masks for flat panel displays, such as a-Si, LTPS, AMOLED, LTPO, and Micro LED applications, serving prominent domestic display manufacturers. Additionally, it produces photomasks for semiconductor processes, encompassing IC foundry, IC bumping, and IC substrate solutions for power, third-generation semiconductors, and LEDs, supporting technologies from 250nm down to 65nm. The company also offers associated precision equipment, including coordinate measuring machines, critical dimension measurement tools, and laser repair systems for TFT and other display technologies. Serving downstream markets like consumer electronics, vehicle electronics, artificial intelligence, and network communications, Shenzhen Qingyi Photomask is recognized as one of China's earliest and largest photomask producers. Recent strategic advancements include the Shanghai Stock Exchange's approval in February 2025 for a $168 million private placement aimed at Micro LED expansion and developing advanced semiconductor photomask production. The company is actively building new high-precision photomask facilities in Foshan, set to significantly bolster its capabilities in both display and semiconductor mask manufacturing.