Group 1 - The China Securities Regulatory Commission (CSRC) announced supplementary material requirements for overseas listing applications, specifically mentioning the need for He Lin Wei Na to clarify administrative regulatory measures taken by the Jiangsu Securities Regulatory Bureau [1] - He Lin Wei Na Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan International and CITIC Construction Investment International as joint sponsors [1] - The CSRC requested He Lin Wei Na to provide detailed explanations regarding its business operations related to microchip testing products, semiconductor device manufacturing, and precision machinery products [1] Group 2 - He Lin Wei Na is recognized as a leading provider of micro-nano manufacturing solutions, offering a comprehensive product portfolio that includes MEMS micro-nano manufacturing components, semiconductor testing probes, and micro drive systems [2] - The company has established a leading position in the Chinese MEMS micro-nano manufacturing market since entering the industry in 2008, with the goal of becoming a global leader [2]

Group 1 - The China Securities Regulatory Commission (CSRC) announced supplementary material requirements for overseas listing applications, including specific requests for He Lin Wei Na Technology Co., Ltd. [1] - He Lin Wei Na is required to clarify the administrative regulatory measures taken by the Jiangsu Securities Regulatory Bureau against the company and its responsible persons, along with the rectification measures implemented [1] - The company is also asked to provide details on its business operations related to microchip testing products, semiconductor device manufacturing, and precision machinery products [1] Group 2 - He Lin Wei Na is recognized as a leading provider of micro-nano manufacturing solutions, offering a comprehensive product portfolio that includes MEMS components, semiconductor test probes, and micro-drive systems [2] - The company entered the micro-nano manufacturing industry in 2008 and aims to become a global leader in this field [2] - By 2017, He Lin Wei Na had established a leading position in the Chinese MEMS micro-nano manufacturing market [2]

Group 1 - The China Securities Regulatory Commission (CSRC) announced supplementary material requirements for overseas listing applications, including specific requests for He Lin Wei Na Technology Co., Ltd. [1] - He Lin Wei Na is required to clarify the administrative regulatory measures taken by the Jiangsu Securities Regulatory Bureau against the company and related responsible persons, as well as the corrective actions taken [1] - The company has submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan International and CITIC Securities International as joint sponsors [1] Group 2 - He Lin Wei Na is recognized as 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 [2] - The company entered the micro-nano manufacturing industry in 2008 and aims to become a global leader in this field [2] - By 2017, He Lin Wei Na had established a leading position in the Chinese MEMS micro-nano manufacturing market [2]

Core 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].

Core Viewpoint - He Lin Micro-Nano Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Guotai Junan International and CITIC Construction Investment International as joint sponsors [1] Company Overview - He Lin Micro-Nano is a leading global supplier of micro-nano manufacturing solutions, focusing on MEMS micro-nano manufacturing components, semiconductor test probes, and micro drive systems [3] - The company aims to become a global leader in the micro-nano manufacturing industry, having established a leading position in China's MEMS micro-nano manufacturing market by 2017 [3] Market Position - According to Frost & Sullivan data, He Lin Micro-Nano ranks second globally in revenue for MEMS acoustic module micro-nano manufacturing components in 2024, and first among domestic companies in China for semiconductor final test probes, ranking fourth globally [3] - As of September 21, 2025, the company is the only leading enterprise in China exporting semiconductor final test probes to overseas markets and is the first in China to achieve mass production of coaxial probes [3] Product Applications - The company's MEMS micro-nano manufacturing components are integrated into smartphones, AR/VR headsets, medical hearing aids, and Bluetooth speakers, enabling voice capture, noise control, and pressure sensing functions [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 are compact drive systems for home robots, designed for low noise operation, durability, and precise motion control [4] Business Model - The company adopts a customer-oriented R&D culture, collaborating with clients to integrate product design with end-application scenarios, successfully entering the core supply chains of leading consumer electronics and semiconductor companies [4] - This collaborative model enhances customer loyalty, integrates proprietary technology into client solutions, and raises industry entry barriers [4] Financial Performance - For the six months ending June 30, 2022, 2023, 2024, and 2025, the company reported revenues of approximately 288 million, 286 million, 568 million, and 439 million RMB, respectively [5] - The net profit/loss for the same periods was 38.13 million, -20.91 million, -8.64 million, and 30.70 million RMB, respectively [5][6]