As a leader in fully self-developed high-end seal-integrity testing, helium leak detection and quadrupole mass spectrometry precision inspection equipment, Hirays now stands at a new starting point for the independent and controllable development of Chinese industrial testing instruments, backed by the dual endorsement of "a national-level industrial fund plus a leading market-oriented institution." The news has been covered by Sina, Tencent, Guangdong News Headlines, the Finance Channel of Eastday.com, Tonghuashun, Chuangyebang and other outlets. The full text of the report from Sina's Shenzhen Channel is reproduced below:

Precision Testing Sector Gains Fresh Capital Backing: Hirays Technology Completes Series B Financing

Hirays Technology (Shenzhen Hirays Automation Technology Co., Ltd.), China's leading provider of fully self-developed high-end seal-integrity testing, helium leak detection and quadrupole mass spectrometry precision inspection equipment, has officially announced the completion of a Series B financing round of over RMB 100 million. The round was led by the Industrial Mother Machine Industry Investment Fund, with continued follow-on investment from Shenzhen Capital Group (SCGC), a prominent hard-tech investor. Together, the two are pooling capital to double down on the core segments of industrial testing and leak-detection instruments.

The structure of this round carries benchmark significance for the industry: a national-level industrial fund anchoring industrial-chain security, and a leading market-oriented institution validating commercial growth. This dual endorsement underscores the sustained capital attention on the leak-detection sector. It is not only a strong vote of confidence in building autonomous, system-level capability in China's high-end seal-integrity testing field, but also a clear signal that the capital market holds Hirays' "in-house R&D strength, scaled deployment capability and market expansion record" in high regard.

According to the company, proceeds from the Series B will be directed entirely toward supply-chain autonomy for domestically produced core components in industrial testing, with four targeted priorities: first, expanding production lines for RGA quadrupole mass spectrometers to scale up delivery of self-developed mass spectrometry instruments; second, developing next-generation high-precision mass spectrometry detection technologies and iterating its core mass spectrometry and ultra-high-precision helium leak detection capabilities; third, broadening market reach by deepening its presence in new energy, energy storage and hydrogen, extending into high-end semiconductor manufacturing scenarios, and steadily building an overseas footprint; and fourth, expanding its high-end R&D talent pipeline to reinforce the foundation of technological innovation. Together, these moves are designed to serve the needs of advanced manufacturing and strengthen the industrial base.

Backing Hard-Tech with Conviction: Betting on the Sector's Long-Term Value

The precision leak-detection market has long moved beyond low-end price competition; what matters now is iteration at the underlying technology level and the ability to deliver full-scenario solutions. With a complete intellectual-property portfolio and large-scale commercial deployments, Hirays is a rare benchmark player in import substitution for high-end equipment.

Its end-to-end, in-house developed and manufactured technology system—spanning "algorithms, core components, complete instruments and solutions"—is a genuinely scarce competitive advantage in the industry. It has effectively broken the overseas monopoly on high-end testing equipment, delivering substantial value in shoring up weak links in the industrial chain. It also gives the company strong resilience across cycles and a high degree of growth visibility. With broad headroom for continued import substitution and global expansion, the company merits long-term conviction capital.

Building the Moat: Breaking Through with Full-Stack In-House R&D to Set a Domestic Benchmark

Most vendors in the industry "prioritize assembly and underinvest in R&D," relying on imported core algorithms, ion sources, mass analyzers and other critical components, which leaves their technology dependent on foreign suppliers. Hirays, by contrast, has long concentrated on overcoming chokepoint technologies, achieving full autonomy across core hardware and software, components and detection algorithms. It has built a closed industrial loop covering "technology development — component production — instrument manufacturing — production-line integration — full-lifecycle service," and can deliver large automated production lines at volume as well as tailor bespoke solutions. That makes it a rare player in the sector combining hard-core technology with mature commercialization.

It is also one of the few domestic companies to master all three core technology stacks: conventional air-tightness testing, vacuum helium leak detection, and quadrupole mass spectrometry for trace analysis. This enables one-stop coverage of high-precision applications including semiconductor components, power batteries, energy storage systems, hydrogen equipment, core automotive parts and medical devices.

Compared with imported equipment, Hirays helps manufacturers cut total procurement and operating costs by more than 40% and shorten delivery lead times by 70%. Combined with 24/7 localized, customized service, this is well suited to the needs of Chinese manufacturers for flexible iteration, rapid mass production and stringent safety control. The company's equipment has already been delivered in volume to a number of listed industry leaders and has run stably over the long term, with core operational metrics such as yield rate and failure rate outperforming industry averages. Orders and revenue have grown rapidly for several consecutive years, providing full validation of its commercialization capability on the factory floor.

A Market in Transition: New Energy Upgrades Bring an Inflection Point for High-End Leak-Detection Substitution

Driven by rapid capacity expansion in semiconductors, power batteries, energy storage, hydrogen and photovoltaics, China's precision leak-detection equipment market continues to grow: the sector is expected to surpass RMB 15 billion in 2026, after posting average annual growth of more than 12% over the past three years. As safety standards in the new energy industry keep tightening, leak detection has evolved from a supporting process into a critical step for safeguarding product safety, improving yield and stabilizing product quality.

With the rollout of new national standards for lithium batteries, micro-leakage in cells and sealing defects in battery packs—both known triggers of thermal runaway—have come under intense scrutiny. Meanwhile, hydrogen components, precision semiconductor devices and high-voltage automotive parts are imposing nano-level demands on detection accuracy and stability. Against the fast iteration of domestic industry, the shortcomings of imported high-end leak detectors have become increasingly conspicuous: high prices, lead times of three to six months, lagging local after-sales support and weak customization capability. They simply cannot match the core requirements of Chinese manufacturing for flexible production and cost efficiency.

The competitive landscape is now clearly stratified: domestic penetration in mid- and low-end leak-detection equipment exceeds 65%, yet imported systems still command more than 60% of the high-end mass spectrometry and high-precision helium leak-detection segment—the central battleground for import substitution. Against this backdrop, local companies with underlying in-house technology, volume production capability and proven deployments at leading customers have become priority targets for hard-tech capital.

Strategic Upgrade: Capital-Fueled Iteration, Pushing into Semiconductors and Other Advanced Frontiers

Industry analysts note that, as new productive forces take hold and manufacturing moves upmarket, the next three to five years will see a breakout period for core technologies, system-level solutions and intelligent services in high-end precision leak detection and mass spectrometry—opening a critical window for the rise of China's domestic scientific instrument industry.

High-end leak detection and mass spectrometry are the invisible line of defense protecting product safety and yield in advanced manufacturing, yet local companies truly capable of full-stack in-house development of core hardware and software, with volume delivery capability, remain scarce. This Series B, led by the Industrial Mother Machine Industry Investment Fund, marks precisely the inflection point at which Hirays shifts from technological breakthroughs to large-scale import substitution.

Backed by a complete in-house system covering algorithms, core components and instrument manufacturing, and now reinforced by added capacity and capital, Hirays will continue to capture high-end market share long dominated by overseas vendors. In the near term, it will further consolidate its leading position in China's high-end seal-integrity testing market and accelerate import substitution in high-value scenarios such as semiconductors, lithium batteries and hydrogen. Over the medium to long term, it will steadily advance its global footprint and standardized corporate governance, moving toward the goal of becoming a globally leading Chinese precision-testing brand—and, with autonomous, controllable inspection equipment, holding the critical quality gate for the high-quality development of Chinese manufacturing.