Zheng Quan Shi Bao Wang·2025-09-28 11:36Core Viewpoint - He Lin Micro-Nano has submitted an application for H-share issuance and 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][2]. Company Overview - He Lin Micro-Nano is a leading provider of micro-nano manufacturing solutions, offering a comprehensive product portfolio that includes MEMS micro-nano manufacturing components, semiconductor test probes, and micro drive systems [1]. - The company ranks second globally in revenue for MEMS acoustic module micro-nano manufacturing components and is the top domestic enterprise in China for semiconductor final test probes, ranking fourth among all global suppliers [1]. Product Applications - The MEMS micro-nano manufacturing components are integrated into devices such as smartphones, AR/VR headsets, medical hearing aids, and Bluetooth speakers, enabling voice capture, noise control, and pressure sensing functionalities [2]. - The semiconductor test probes developed by the company are essential consumables in the semiconductor packaging and testing processes, supporting devices used in 5G smartphones, AI/data center computing, networking equipment, and automotive electronics [2]. - The micro drive systems are compact drive systems for household robots, designed to meet demands for low noise operation, durability, and precise motion control [2]. Financial Performance - He Lin Micro-Nano has experienced strong revenue growth over the past few years, with revenues of RMB 288 million in 2022, projected revenues of RMB 569 million in 2024, and revenues of RMB 440 million in the first half of 2025 [2].