UIGreen(SH:688661) Zhi Tong Cai Jing·2025-09-28 02:51Core Viewpoint - Helin Micro-Nano Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to expand its market presence and capitalize on its leading position in the micro-nano manufacturing sector [1]. Company Overview - Helin Micro-Nano is a leading provider of micro-nano manufacturing solutions, focusing on MEMS components, semiconductor test probes, and micro drive systems since its establishment in 2008 [3]. - The company has established a leading position in the Chinese MEMS micro-nano manufacturing market as of 2017 and ranks second globally in the MEMS acoustic module market [3]. - It is the only company in China exporting semiconductor final test probes and the first to achieve mass production of coaxial probes [3]. Product Applications - The company's MEMS components are integrated into smartphones, AR/VR devices, medical hearing aids, and Bluetooth speakers, enabling voice capture, noise control, and pressure sensing [4]. - Semiconductor test probes are critical consumables in semiconductor packaging and testing, supporting devices for 5G smartphones, AI/data center computing, networking equipment, and automotive electronics [4]. - The micro drive systems cater to household robots, focusing on low noise operation, durability, and precise motion control [4]. Business Model - Helin Micro-Nano adopts a customer-oriented R&D culture, collaborating with clients to integrate product design with end-use applications, enhancing customer loyalty and creating high industry entry barriers [4]. Financial Performance - The company reported revenues of approximately 288 million, 286 million, 568 million, and 439 million RMB for the six months ending June 30 in 2022, 2023, 2024, and 2025, respectively [5]. - The net profit/loss figures for the same periods were 38.13 million, -20.91 million, -8.64 million, and 30.70 million RMB [5][6].