CapitaLand Quartz (920179) Semiconductor business revenue increased by 14.18%, photovoltaic product revenue decreased by 87.48%, planning to distribute a cash dividend of 1.20 yuan for every 10 shares.

On May 8, Beijing Kade Quartz Co., Ltd. held its 2025 Annual Report Briefing at the CICC Online Roadshow Center. The company’s Chairman Zhang Zhongshu, Secretary of the Board Nan Shuyu, Finance Director Zhou Wen, Sponsoring Representatives Zheng Changxin and Xu Meng exchanged views and communicated with investors on questions of concern.

In terms of product categories by downstream segments, the company mainly serves the semiconductor and photovoltaic fields. “Revenue from quartz products used in semiconductor integrated circuit chips accounted for 96.56% of the 2025 operating income, with a gross profit margin of 43.47%; revenue from quartz products used in the photovoltaic solar industry accounted for 2.78% of the 2025 operating income, with a gross profit margin of 4.24%; and operating revenue from quartz products used in other industries accounted for 0.66% of the 2025 operating income, with a gross profit margin of 55.04%.”

The company and its subsidiaries enjoy tax incentives. The company was recognized as a high-tech enterprise in 2023, and from 2023 to 2025 it enjoys a preferential corporate income tax rate of 15% and also benefits from the VAT additional credit-and-deduction policy for integrated circuit enterprises. The subsidiary Kade Xinbei was recognized as a high-tech enterprise in 2025, and from 2025 to 2027 it enjoys a preferential corporate income tax rate of 15% and also benefits from the VAT additional credit-and-deduction policy for advanced manufacturing enterprises.

The 2025 dividend distribution plan is: “The company proposes to distribute cash dividends of 1.20 yuan (including tax) to all shareholders for every 10 shares, out of retained earnings. The total cash dividend distribution is expected to be 8.9964 million yuan.”

Regarding Kaimi Quartz, the company, together with Tongmei Crystal Investment, established Kaimi Quartz. “The Phase I quartz glass tube project has already been put into operation. In 2025, the company will mainly supply to Tongmei Crystal and Kade Quartz. Based on this, additional sales will be made depending on other customers’ order needs.”

Reasons for the decline in the company’s revenue in 2025: “Mainly because customers in the photovoltaic solar industry reduced their procurement demand for quartz products. During the reporting period, the revenue from quartz products used in the photovoltaic solar industry was 7.8065 million yuan, down 87.48% from the same period last year. Revenue from quartz products used in the semiconductor integrated circuit industry increased compared with the same period last year, up 14.18%. During the reporting period, the increase in revenue from the semiconductor business was not sufficient to offset the amount by which revenue from the photovoltaic business decreased.” The company’s principal products have advantages such as process technology level, market branding, and supply-chain capability, and its comprehensive market competitiveness in segmented fields continues to improve.

Tongbi Finance learned that the company is a quartz product processing enterprise with a history of nearly 30 years. Through years of ongoing development, it has established a mature and efficient R&D and innovation system, and its technical level is at a leading domestic level. The company’s main businesses are the production, R&D, and sales of quartz glass products such as quartz instruments, quartz pipelines, quartz boats, and other quartz glass products; its products are key production consumables for downstream enterprises and are widely used in the fields of semiconductor integrated circuit chips, the photovoltaic solar industry, and other areas.

After years of deep cultivation in quartz processing, the company has shaped a good corporate image and has gained a certain degree of market recognition in the industry. The company has established a high-quality team of talents with strong technical R&D and innovation capabilities. Through independent R&D, it has mastered multiple core technologies related to quartz product processing, has applied for multiple invention patents, and has established long-term and stable cooperation relationships with both upstream and downstream enterprises, gradually forming a business model covering procurement, production, sales, and supporting services.