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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
Shenzhen Qingyi Photomask Ltd. Class A
SSE:688138
(Shanghai Stock Exchange)

Recent

price

27.72

P/E

ratio

72.70

div

yld

1.55%

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.28
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
Revenue per Share
0.11
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
Basic EPS, GAAP
0.25
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
- -
Free Cash Flow per Basic Share
0.03
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
Dividend per Share
1.18
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
Book Value per Share
1.16
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
Tangible Book Value per Share
202
198
198
199
199
203
202
207
263
262
268
268
265
297
312
Basic Weighted Avg Shares
259
269
317
334
315
319
407
480
487
544
762
924
1,112
1,240
1,288
Sales/Revenue/Turnover
11.88
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
Operating Margin (%)
29
30
31
34
37
44
49
39
40
74
110
118
130
144
- -
Depreciation Expense
22
38
55
56
46
39
63
70
76
45
99
134
172
187
202
Net Income, GAAP
5.89
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
Effective Tax Rate (%)
8.59
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
Profit Margin (%)
14
54
54
113
124
130
162
392
296
244
321
345
205
570
397
Working Capital
45
55
9
3
- -
55
25
- -
36
80
79
78
420
253
329
LT Debt
235
273
328
384
429
468
531
1,123
1,178
1,199
1,282
1,384
1,483
2,792
2,882
Total Equity
- -
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 Invested 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 Capital (%)
- -
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
Return on Common Equity (%)

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
- -
- -
- -
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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.