This art deco nude appears in my second book, where I attribute her to the German firm of Gebruder Heubach. She is 4.5 inches tall.
My attribution turns out to have been correct, as here is the same fabulous flapper, except with raven hair and a painted, but not molded, red bathing suit. Of the same excellent china as her nude sister, she is slightly larger, at 5 inches tall.
Underneath she is stamped with the Heubach square mark. There is an obscured number, but it appears to end with "99/3."