New Stock News | Suzhou UIGreen Micro&Nano Technologies (688661.SH) once again submits application to Hong Kong Stock Exchange, becoming the first domestic enterprise to achieve large-scale production of coaxial probes.

According to the disclosure on April 2 by the Hong Kong Stock Exchange, Suzhou UIGreen Micro&Nano Technologies Co., Ltd. (referred to as Suzhou UIGreen Micro&Nano Technologies (688661.SH)) submitted an application for listing on the main board of the Hong Kong Stock Exchange. GUOTAI JUNAN I, and China Securities Co., Ltd. International are the joint sponsors. The company had previously submitted documents to the Hong Kong Stock Exchange on September 26, 2025. Company Introduction The prospectus shows that Suzhou UIGreen Micro&Nano Technologies is one of the world's leading suppliers of micro-nano manufacturing solutions, offering a comprehensive product portfolio covering micro-electro-mechanical systems (MEMS) micro-nano manufacturing components, semiconductor test probes, and miniature transmission systems. According to Frost & Sullivan data, based on revenue in 2025, the company ranks second in the global MEMS acoustic module micro-nano manufacturing components market with a market share of 12.4%; in the global semiconductor final test (FT) probe market, the company ranks first among Chinese enterprises and fourth among all global suppliers, with a market share of 6.6%. On March 23, 2026, Suzhou UIGreen Micro&Nano Technologies was one of the few leading companies in China to export semiconductor final test probes to overseas markets, as well as the first company in China to achieve large-scale production of coaxial probes. The company designs and manufactures high-precision micron-level components and systems for the semiconductor and advanced manufacturing industries. The main products include: (i) MEMS micro-nano manufacturing components, which are miniature structured devices, including shield covers, micro-mechanical structures, and miniature connectors used for acoustic and pressure sensors. The company's MEMS components are integrated into smartphones, AR/VR headsets, medical hearing aids, and Bluetooth speakers for voice capture, noise control, and pressure sensing; (ii) semiconductor test probes, which are critical consumables that form electrical connections between test equipment and chips during design verification, wafer-level testing, and post-packaging testing. The company's probes are used to test the logic, memory, analog, power, and RF devices driving 5G smartphones and AI/data center computing; and (iii) miniature transmission systems, which are precision mechanical components including micro motors, gears, and related parts that enable power transmission and motion conversion in compact spaces. The company's miniature transmission systems are used in transmission devices for Siasun Robot & Automation and smart home appliances that require quiet operation, durability, and precise motion control. With a customer-centric R&D culture, the company successfully integrates product design with end-use scenarios by collaborating with customers, entering the core supply chains of leading consumer electronics and semiconductor companies, and expanding its business to downstream applications in AI, high-performance computing, Siasun Robot & Automation, and 5G. Financial Information Revenue The company achieved revenues of approximately 286 million yuan, 568 million yuan, and 864 million yuan in the financial years 2023, 2024, and 2025, respectively. Gross Profit The company recorded gross profits of approximately 59.707 million yuan, 89.774 million yuan, and 158 million yuan in the financial years 2023, 2024, and 2025, respectively. Gross Profit Margin The company's gross profit margins were 20.9%, 15.8%, and 18.3% in the financial years 2023, 2024, and 2025, respectively. Industry Overview Micro-nano manufacturing market As one of the most important application industries in micro-nano manufacturing, the global semiconductor market reached 5.136 trillion yuan in 2025, and is expected to grow to 7.7553 trillion yuan by 2030, with a compound annual growth rate of 8.1% from 2026 to 2030. In the semiconductor industry, semiconductor test consumables are essential to ensure production efficiency and yield. With micro-nano manufacturing technology, these consumables meet the semiconductor production's stringent requirements for accuracy, reliability, and consistency. The global market size of semiconductor test consumables reached 27.9 billion yuan in 2025 and is expected to expand to 37.2 billion yuan by 2030, with a compound annual growth rate of 6.0% from 2026 to 2030. In addition to the semiconductor test consumables market, the MEMS market is another important application area for emerging micro-nano manufacturing technologies in the semiconductor field. In 2025, the global MEMS market size reached 124.6 billion yuan and is expected to grow to 170.9 billion yuan by 2030, with a compound annual growth rate of 6.7% from 2026 to 2030. Due to its advantages in miniaturization, high precision, and high reliability, MEMS devices are increasingly used in the semiconductor, consumer electronics, automotive electronics, and other fields, driving the continuous demand for advanced micro-nano manufacturing capabilities. Global and Chinese market sizes of MEMS micro-nano manufacturing components The global market for MEMS micro-nano manufacturing components mainly includes key segmented areas such as acoustic modules, optical modules, pressure sensors, inertial sensors, and other components. In recent years, the global market for MEMS micro-nano manufacturing components has experienced rapid expansion, with a compound annual growth rate of 6.4% from 2021 to 2025. In 2025, the revenue of the global market for MEMS micro-nano manufacturing components reached 7.5 billion yuan. Looking ahead, the market is expected to maintain strong growth momentum, with a forecast compound annual growth rate of 6.7% from 2026 to 2030. Among the segmented markets, the MEMS acoustic module micro-nano manufacturing components market shows the highest growth rate due to strong downstream demand, achieving a significant compound annual growth rate of 7.3% from 2021 to 2025. MEMS acoustic modules mainly include microphone modules and miniature speaker modules. Currently, miniature speaker components account for a relatively small market share. However, with the commercialization of embodied artificial intelligence technology, this segment is expected to experience exponential growth, becoming a key driver for the expansion of the MEMS acoustic module micro-nano manufacturing components market. In 2025, the revenue of the global market for MEMS acoustic module micro-nano manufacturing components reached 1.1 billion yuan. The market is expected to maintain stable growth, with a forecast compound annual growth rate of 8.7% from 2026 to 2030. Supported by strong policy support for the MEMS and micro-nano manufacturing industry in China, the acceleration of localization of the MEMS industry chain, and the increasing demand in emerging fields such as domestic smart cars and IoT terminals for high-precision MEMS components, the market size of MEMS micro-nano manufacturing components in China has expanded from 518 million yuan in 2021 to 817 million yuan in 2025, with a compound annual growth rate of 12.1% from 2021 to 2025. With the continuous increase in demand for high-precision MEMS components in new emerging fields such as domestic smart cars and IoT terminals, as well as the support for the acceleration of localization of the MEMS industry chain, the market size is expected to grow from 920 million yuan in 2026 to 1.542 billion yuan in 2030, with a compound annual growth rate of 13.7% from 2026 to 2030. Global and Chinese market sizes of semiconductor test probes In recent years, the global market for semiconductor test probes has shown a cyclical growth pattern, mainly influenced by the inherent volatility of the semiconductor industry, with a compound annual growth rate of 3.0% from 2021 to 2025. In 2025, the revenue of the global market for semiconductor test probes reached 12.1 billion yuan. Looking ahead, the market is expected to maintain a strong growth momentum, with a forecast compound annual growth rate of 6.6% from 2026 to 2030. Among the segmented markets, the FT probe industry shows particularly strong growth momentum. This acceleration is mainly attributed to two key factors: the surge in demand for artificial intelligence computing driving a significant increase in GPU shipments, which significantly boosts the demand for FT probes, and the robust testing demand brought about by advanced packaging technology, leading to a significant increase in probe usage rates. Therefore, the FT probe market recorded a compound annual growth rate of 3.5% from 2021 to 2025 and is expected to maintain stable growth, with a forecast compound annual growth rate of 7.5% from 2026 to 2030. Supported by policies to achieve semiconductor self-sufficiency, rapid expansion of domestic wafer fab capacity, strong demand for AI chips and automotive semiconductors, and the acceleration of importing replacement of high-performance final test probes, the Chinese FT probe market grew from 600 million yuan in 2021 to 798 million yuan in 2025, with a compound annual growth rate of 7.5% from 2021 to 2025. In the future, with the continuous increase in demand for advanced packaging and high computational power chip testing, the market size is expected to increase from 911 million yuan in 2026 to 1.384 billion yuan in 2030, with a compound annual growth rate of 11.0% from 2026 to 2030. Board of Directors Information The Board of Directors is responsible for the overall management and operation of the company's business. The board is currently composed of seven directors, including three executive directors, one non-executive director, and three independent non-executive directors, all elected by the shareholders' meeting for a term of three years. Equity Structure As of March 23, 2026, Mr. Luo and Suzhou Heyang (controlled by Mr. Luo in the capacity of a general partner) jointly exercise approximately 38.04% of the total issued share capital voting rights, including (i) approximately 33.33% voting rights directly held by Mr. Luo, and (ii) approximately 4.71% voting rights directly held by Suzhou Heyang. Intermediary Team Joint Sponsors: GUOTAI JUNAN Financing Co., Ltd., China Securities Co., Ltd. (International) Financing Co., Ltd. Company Legal Counsel: Regarding Hong Kong law: Tianyuan Law Firm (Limited Liability Partnership); Regarding Chinese law: Jiangsu Century Reunited Law Firm; Regarding data compliance in Chinese law: Beijing Jingtian Gongcheng Law Firm; Regarding international sanctions, Law Firm with Limited Liability Joint Sponsors' Legal Counsel: Regarding Hong Kong laws: JunHe Law Office; Regarding Chinese laws: Jintian Cheng Law Firm Audit and Reporting Accountants: Ernst & Young Accounting Firm Industry Consultants: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Compliance Consultant: RichC Capital Co., Ltd.