Investment Rating - The report does not provide a specific investment rating for XDLK (688582.SS) as it is categorized as "Not Covered" [1]. Core Insights - XDLK has experienced significant revenue growth of 292% year-over-year in Q1 2025, attributed to new MEMS gyroscope orders, with management expressing optimism about future visibility due to increasing client adoption [1][8]. - The company is expanding its MEMS accelerometer product from single chip single axis to dual/triple axis configurations to enhance product integrity and meet client demands [1][8]. - XDLK is targeting new markets such as autonomous driving, eVTOL, and robotics, in addition to its existing industrial and energy sectors [4]. Summary by Sections Company Profile - XDLK is a local supplier of MEMS IMU, offering products that include a MEMS chipset and an ASIC chipset for high-accuracy navigation, monitoring, and stabilization at relatively low costs [3]. Client Penetration and Product Upgrade - The company has secured new MEMS gyroscope orders valued at RMB 270 million, indicating a growing adoption of its products by clients [5]. - XDLK's Q1 2025 revenue reached RMB 87 million, with net income turning positive, driven by new orders and a positive outlook on order visibility [8]. Technology Advantages - XDLK's MEMS IMU products face high barriers to entry, with a client partnership development cycle of 6-12 months, emphasizing the importance of high accuracy, integrity, small size, adaptability, and low cost in client decision-making [9].