Core Viewpoint - The company, Guangdong Liyang Chip Testing Co., Ltd., reported a negative net profit for 2024 and will not distribute profits or dividends, focusing on sustainable development and future funding needs [4]. Company Overview - Liyang Chip is a well-known independent third-party professional testing service provider in China, specializing in integrated circuit testing solutions, including 12-inch and 8-inch wafer testing services, and chip finished product testing [7][8]. - The company has developed 44 categories of chip testing solutions and completed mass testing for thousands of chip models, accumulating a vast database of testing data [30][31]. Business Operations - The company has expanded its services to include wafer thinning, polishing, laser grooving, and laser dicing, enhancing its technical service offerings to meet comprehensive wafer cutting needs [6][11]. - Liyang Chip's testing services are crucial in the integrated circuit industry, ensuring that every chip undergoes 100% testing to verify compliance with design specifications [8][9]. Industry Position - The integrated circuit testing industry is characterized by high capital intensity and knowledge requirements, with significant barriers to entry due to the need for advanced testing platforms and skilled personnel [26][27]. - The industry is experiencing a shift towards specialization, with increasing pressure on traditional IDM (Integrated Device Manufacturer) models, favoring Fabless companies that outsource manufacturing and testing [38][39]. Future Development Trends - The company aims to strengthen its position in emerging fields such as automotive electronics, industrial control, high-performance computing, and sensor technologies, responding to the growing demand for independent third-party testing services [33][34]. - The integrated circuit testing sector is expected to grow as the complexity of chips increases, necessitating more sophisticated testing solutions to meet stringent quality and performance standards [25][29].