Core Viewpoint - He Lin Micro-Nano (688661) reported significant growth in revenue and profitability for the first three quarters of 2025, driven by its precision manufacturing capabilities in high-end sectors such as MEMS and semiconductors [2][3]. Financial Performance - For the first three quarters, the company achieved revenue of 679 million yuan, a year-on-year increase of 81.77% [2] - The net profit attributable to shareholders reached 36.78 million yuan, with a non-recurring net profit of 33.33 million yuan, marking a substantial turnaround from losses [2] - In Q3 alone, revenue was 240 million yuan, up 66.2% year-on-year, and net profit was 6.09 million yuan, reflecting nearly 50% growth compared to Q2 [2] Business Overview - He Lin Micro-Nano specializes in micro-precision manufacturing, focusing on the R&D and production of precision structural components and micro-shielding covers [2] - The company's products are widely used in high-end manufacturing fields, including MEMS, semiconductor testing, new energy vehicles, and medical devices [2] Market Position - According to Frost & Sullivan, He Lin Micro-Nano ranks second globally in the MEMS acoustic module micro-nano manufacturing components market and first among Chinese companies in the final testing probe market, ranking fourth globally [3] - The revenue growth during the reporting period was primarily driven by increased sales of precision structural components and micro-shielding covers [3] Cash Flow and Operational Efficiency - The company reported a net cash flow from operating activities of 58.12 million yuan, a significant improvement from a negative position in the previous year, indicating strong business collection levels [3] Industry Trends - The MEMS market is expected to grow from 15.4 billion USD in 2024 to 19.2 billion USD by 2030, with a compound annual growth rate of 3.7% [4] - The increasing demand for MEMS technology in various sectors, driven by AI and IoT, is expected to enhance the adoption of MEMS over traditional sensors [4] Product Development and Market Expansion - He Lin Micro-Nano continues to innovate, having completed testing for its automotive-grade 2D MEMS probe card and launched a high-pin-count MEMS probe card for wafer testing [4] - The company is expanding its market presence by deepening collaborations with existing major clients and establishing sales and service points in Japan, Switzerland, the USA, and Singapore [4]