Core Viewpoint - He Lin Micro-Nano Technology Co., Ltd. is preparing for an overseas listing and has received feedback from the China Securities Regulatory Commission (CSRC) regarding its application, with a focus on its financial performance and operational compliance [1][2]. Financial Performance - The company reported revenues of 288 million yuan, 286 million yuan, and 568 million yuan for the years 2022, 2023, and 2024 respectively, with net profits of 38.13 million yuan, -20.91 million yuan, and -8.64 million yuan, indicating two consecutive years of losses [1]. - In the first three quarters of the current year, the company achieved a revenue of 679.1 million yuan, representing a year-on-year growth of 81.77%, and a net profit of 36.78 million yuan, a significant increase of 447.10% [1]. Margin Trends - The company's gross margin is on a declining trend, decreasing from 38.1% in 2022 to 20.9% in 2023, and further down to 15.8% in 2024, primarily due to increased sales costs outpacing revenue growth [1]. Regulatory Compliance - The CSRC has requested additional information regarding the company's operations related to microchip testing products and semiconductor device manufacturing, as well as the specifics of any administrative regulatory measures previously taken against the company [2][3]. - The company and its former financial director received a warning from the Jiangsu Regulatory Bureau for misusing raised funds, which led to inaccurate disclosures in financial reports [2][3]. Market Performance - On November 10, the company's stock price fell by 1.01%, closing at 51.91 yuan per share [4].

General Provisions - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations [2][3] - The company was registered on February 24, 2021, and issued 20 million A shares, which were listed on the Shanghai Stock Exchange on March 29, 2021 [3][4] - The company is located at 80 Emei Mountain Road, Suzhou High-tech Zone [4] Business Objectives and Scope - The company's business objective is to focus on micro-precision manufacturing technology to create social value [5] - The business scope includes R&D, production, and sales of micro-precision molds and components, micro-stamping parts, micro-connectors, and various electronic plastic products [5] Share Issuance - The company's shares are issued in the form of registered stocks, with A shares listed on the Shanghai Stock Exchange and H shares on the Hong Kong Stock Exchange [6][7] - The company has issued a total of 151.887826 million A shares [7] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in shareholder meetings, and they are responsible for their subscribed shares [12][13] - The company must ensure that shareholders' legal rights are protected and that they are treated fairly [13] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with the annual meeting occurring within six months after the end of the previous fiscal year [49] - Shareholder meetings must be convened in accordance with legal and regulatory requirements, and shareholders can propose agenda items [59][60] Board of Directors and Management - The board of directors is responsible for the company's operations and must act in the best interests of the company and its shareholders [19][20] - The company must maintain independence in its operations, finance, and personnel [18] Financial Management and Reporting - The company is required to disclose financial information and significant events in accordance with applicable laws and regulations [14][22] - The company must conduct audits and provide reports to shareholders regarding financial performance and significant transactions [20][22]