Core Viewpoint - He Lin Wei Na (688661.SH) is advancing its "A+H" listing strategy to enhance its global presence and capitalize on international capital market advantages [2][4]. Group 1: Listing Progress - On September 1, He Lin Wei Na announced its board's approval to issue H shares and list on the Hong Kong Stock Exchange [2][3]. - The company aims to deepen its global development strategy and improve brand recognition and competitiveness through this listing [4]. Group 2: Financial Performance - In the first half of 2025, He Lin Wei Na reported a revenue of 440 million yuan, a year-on-year increase of 91.53%, and a net profit of 30.69 million yuan, marking a turnaround from losses [2][8]. - The company's overseas revenue reached 160 million yuan, growing by 115.05% year-on-year, while domestic revenue was 279 million yuan, up 79.66% [8]. Group 3: Market and Product Insights - He Lin Wei Na specializes in micro-precision electronic components, particularly MEMS and semiconductor testing probes, benefiting from the recovery in the semiconductor market driven by demand in AI and consumer electronics [6][8]. - The company's gross margin for the first half of 2025 was 24.74%, significantly higher than 18.21% in the same period of 2024 [8]. Group 4: Stock Performance - The stock price of He Lin Wei Na increased from 25.33 yuan per share at the beginning of 2025 to 43.1 yuan per share by September 2, reflecting a year-to-date increase of 70.15% [8].

Group 1 - The company Helin Micro-Nano (688661.SH) is advancing its "A+H" listing strategy by planning to issue H-shares and list on the Hong Kong Stock Exchange [1][3] - The primary goal of this move is to enhance the company's global development strategy, increase brand recognition, and optimize capital structure [3][6] - The company has shown significant growth in overseas revenue, projecting 1.76 billion yuan in 2024, a year-on-year increase of 157.87% [2][5] Group 2 - Helin Micro-Nano was listed on the Sci-Tech Innovation Board in March 2021, raising 354 million yuan through its IPO [2][4] - The company has experienced a recovery in overall performance, with a revenue of 2.09 billion yuan in Q1 2025, reflecting a year-on-year growth of 115.95% [2][6] - The company's gross profit margin for overseas operations stands at 31.58%, significantly higher than the domestic margin of 10.64% [5][6] Group 3 - The company has established a strong customer base, including major clients like NVIDIA, AMD, Infineon, and Broadcom, contributing to its competitive advantage [6] - The recent trend of A-share companies listing in Hong Kong has been supported by favorable policies from the China Securities Regulatory Commission [3][5] - As of 2024, the company has invested 2.59 billion yuan in key projects, achieving an investment progress of 83.14% [4]