Core Microelectronics submits a form to the Hong Kong Stock Exchange: direct writing lithography equipment can be used for LED displays

On March 15, Anhui Hefei direct-write lithography equipment company Xinqi Micro Packaging officially submitted a statement to the Hong Kong Stock Exchange.

Xinqi Micro Devices was established in 2015, providing PCB direct imaging equipment and semiconductor direct writing lithography equipment. The company's main products include PCB direct imaging equipment and automatic line systems, semiconductor direct writing lithography equipment and automatic line systems.

From 2023 to 2025, the company's revenue will be 829 million, 954 million, and 1.408 billion yuan respectively, with net profits of 179 million, 161 million, and 290 million yuan respectively, and R&D expenditures of 95 million, 98 million, and 131 million yuan respectively. In 2025, semiconductor direct writing lithography equipment and automatic line systems will contribute 16.6% of total revenue. The total gross profit margins during the same period were 40.9%, 35.5%, and 39.1% respectively.

According to reports, direct-write lithography technology does not require a physical mask and can achieve exposure directly on the substrate through a beam, making it more flexible than traditional mask lithography. Core Microelectronics' semiconductor direct writing lithography equipment can support a minimum line width of 350nm and can meet the requirements of process nodes from 130nm to 90nm. It can be used in mask production, wafer-level and panel-level packaging, as well as the production of MEMS devices and Micro/Mini LED and OLED display panels.

As of December 31, 2025, Xinqi’s micro-packaging R&D team has 281 people, accounting for about 1/3 of the total employees. The company has undertaken and completed a number of national and local scientific research projects, including industrialization projects for flat panel display exposure machines, 90-65nm plate making lithography equipment and wafer-level packaging direct writing lithography equipment. As of March 9, 2026, the company has registered 237 patents, 54 software copyrights, 25 trademarks, 2 domain names in China, and has 1 valid patent in Japan.

As of March 9, 2026, the company has phase I and phase II production bases in Hefei. The company has served more than 600 customers, providing nearly 100 types of PCB direct imaging equipment and semiconductor direct writing lithography equipment. Its customers cover all the world's top ten PCB manufacturers and about 70% of the world's top 100 PCB manufacturers.

From 2023 to 2025, the revenue from the five largest customers will account for 23.5%, 30.2%, and 41.6% respectively. Major suppliers include motion platforms and components, pattern generators, optical path components, exposure light sources and automation control system manufacturers. During the same period, the company's purchases from the five largest suppliers accounted for 42.6%, 38.9%, and 42.2% of total purchases respectively.