FINEMAT Business Summary

FineMat Applied Materials Co., Ltd. (FINEMAT) operates a diversified high-precision manufacturing model centered on its core proprietary etching technology. The company generates revenue through the production of Fine Metal Masks (FMM) and Common Metal Masks (CMM) for OLED displays, as well as semiconductor lead frames, wafer masks, and precision cleaning and recycling services. As of 2026, FINEMAT has aggressively pivoted its business segments to mitigate intense Chinese competition in the display sector, successfully expanding into AI server water-cooling components, advanced semiconductor packaging substrates, and drone power systems. Its revenue is increasingly driven by its subsidiary, Htc&Solartech (6895.TW), which specializes in high-end microwave and semiconductor components. Within the competitive landscape, FINEMAT contends with specialized players such as Xiang Yao (2438), Lite-On (3051), and Yinghui (3523), positioning itself as a high-value material and process partner for international semiconductor and server supply chains rather than a high-volume commodity manufacturer. Originally founded in 2007 as Yiqiang Technology, the company rebranded to FineMat in 2012 following a strategic shift from touch panels to precision etching. The current leadership team is led by Chairman Chao Chin-Hsiao (趙勤孝), who oversaw the company’s transition into the OLED mask market and its subsequent public listing on the TWSE in 2019. The executive management was recently refreshed with the appointment of I-Fan Wang (王宜凡) as General Manager (CEO) in April 2025, bringing a focus on semiconductor integration and new business development. Technical and financial oversight is further supported by Huang Hsin-Mao (黃信貿), who serves as the Chief Financial Officer and was appointed as the inaugural Chief Sustainability Officer in January 2026. The company’s board of directors features significant institutional backing from major investors including Elan Investment Co., Ltd. and Shengtai Co., Ltd., reflecting a stable governance structure focused on long-term technological transformation.