证券代码：003008 证券简称：开普检测 公告编号：2026-004 许昌开普检测研究院股份有限公司 关于部分大股东、董事、高级管理人员股份减持计划实施完成 暨减持结果的公告 公司大股东、董事兼总经理李亚萍女士保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 许昌开普检测研究院股份有限公司（以下简称"公司"）于 2025 年 11 月 26 日披露了《关于公司部分大股东、董事、高级管理人员减持股份计划的预披 露公告》（公告编号：2025-056），公司大股东、董事兼总经理李亚萍女士因个 人资金需求，拟通过集中竞价方式减持公司股份不超过 1,040,000 股（不超过公 司总股本比例 1%，不超过其持有公司股份总数的 25%），减持期间为自减持计 划预披露公告之日起 15 个交易日后的 3 个月内。 近日，公司收到李亚萍女士出具的《关于股份减持计划实施结果的告知函》， 截至本公告披露日，李亚萍女士通过集中竞价方式合计减持公司股份 1,039,600 股，占公司当前总股本的 0.9996%，本次减持计划实施完成 ...

（文章来源：证券日报） 证券日报网讯 2月26日，开普检测发布公告称，公司大股东、董事兼总经理李亚萍于2026年1月15日至2 月25日通过集中竞价减持1039600股，占总股本0.9996%，减持均价22.65元/股-24.63元/股，减持后持股 降至9971644股，占总股本9.5881%，本次减持计划实施完毕。 ...

开普检测公告称，大股东、董事兼总经理李亚萍因个人资金需求，曾披露减持计划。截至公告披露日， 其通过集中竞价方式，于2026年1月15日至2月25日合计减持公司股份1,039,600股，占公司总股本的 0.9996%，减持均价区间为22.65 - 24.63元/股，减持股份源于首次公开发行前个人持股。减持后，李亚 萍持股降至9,971,644股，占总股本9.5881%。本次减持符合法规，未违反承诺，也不会导致公司控制权 变更。 ...

Core Insights - The report emphasizes the strong growth potential in the testing services industry, particularly driven by emerging sectors such as commercial aerospace and new technologies [4][6] - The testing services sector is closely linked to macroeconomic growth, with a projected global market size of approximately 2.3 trillion RMB by 2024, reflecting a CAGR of about 6% from 2021 to 2024 [4][24] - In China, the testing services market is expected to reach around 487.6 billion RMB by 2024, with a CAGR of approximately 10.5% from 2015 to 2024, indicating a robust growth trajectory [5][24] Industry Overview - The testing, inspection, and certification (TIC) industry serves various sectors including consumer goods, industrial products, and pharmaceuticals, covering all stages from R&D to production and distribution [16][24] - The industry is characterized by a large market space and stable growth, with demand closely tied to macroeconomic trends and government regulations [20][24] - Emerging technologies such as AI, electric vehicles, and commercial aerospace are expected to create new testing demands, raising the entry barriers for new players [6][20] Company Performance - The report analyzes 19 listed companies in the testing services sector, highlighting their revenue and profit performance, with notable companies including Huace Testing, Guangdian Measurement, and Su Testing [2][11] - In the first three quarters of 2025, the testing services sector in China reported a revenue of 30.4 billion RMB, a decline of 7% year-on-year, but a growth of 3% when excluding companies heavily involved in medical testing [5][57] - Leading companies such as Huace Testing, Guangdian Measurement, and Su Testing demonstrated superior performance, with revenue growth rates of 7%, 12%, and 9% respectively, significantly outpacing the industry average [5][62] Market Dynamics - The testing services market is experiencing a structural shift, with a trend towards consolidation as larger firms gain market share and smaller firms face challenges [44][50] - The report notes that the majority of testing institutions in China are small and micro-sized, which limits their ability to withstand economic pressures [50][51] - Government policies are increasingly supporting the marketization and consolidation of testing institutions, aiming to enhance the overall quality and efficiency of the industry [51][53] Financial Metrics - The report indicates that the average gross margin for the testing services sector has improved, reaching 26.2% in the first three quarters of 2025, reflecting a recovery in profitability [63] - The accounts receivable turnover days have increased from 90 days in 2019 to 176 days in 2025, indicating a slowdown in cash flow and potential credit risks within the industry [67][68] - The report highlights that the proportion of accounts receivable in relation to revenue has risen to 50%, suggesting increasing challenges in managing receivables [71]

Core Insights - The company, Kaipu Detection, is recognized as a core testing service provider in the ultra-high voltage sector and is also involved in robotic testing, with a remarkably clean financial statement that raises suspicions about its perfection [1] - The company has zero debt and substantial cash reserves, indicating strong profitability and operational efficiency [10][9] Financial Performance - The company's revenue for the first three quarters reached 57.8461 million yuan, reflecting a year-on-year growth of 3.34% [4] - The sales gross margin stands at an impressive 67.57%, indicating that for every 100 yuan in revenue, the gross profit exceeds 67 yuan [6][7] - The sales cycle has significantly improved, now averaging just 13 days, which is a 23.49% reduction year-on-year [8] Inventory and Assets - The company's inventory value is 2.3007 million yuan, showing a decrease of 6.21% year-on-year, suggesting a conservative approach to inventory management [4] - The company has zero short-term and long-term borrowings, relying entirely on its own funds for operations, which eliminates interest payment pressures [9] Business Model and Market Position - Kaipu Detection serves as a "national-level examiner" for China's power system and intelligent equipment, holding a critical role in the testing and certification of key equipment for ultra-high voltage projects [10][11] - The business model combines authoritative certification services with a strong market position, creating high barriers to entry due to the required national certifications [12] Valuation and Market Perception - The company's dynamic price-to-earnings ratio is approximately 32 times, reflecting a premium for its high certainty and quality of earnings [13][14] - The price-to-book ratio is 2.33, which, considering the substantial financial assets on its balance sheet, suggests an even higher valuation premium for its operational assets [15] Future Growth Potential - The company's future valuation will largely depend on two factors: the acceleration of ultra-high voltage construction driving testing demand and the successful commercialization of its robotic testing business [16][17] - The company is well-positioned to extend its "examiner" role from the power system to a broader intelligent equipment market, capitalizing on emerging industry needs [20]

全文请见：董事长、总经理、董秘和副总经理"组团"减持！开普检测业绩增长承压 开普检测的管理层为何集体减持公司股份？管理层是否还看好公司前景？对此，每经资本眼专栏记者将 上述问题发送至开普检测证券部邮箱，但截至发稿，尚未收到回复。 2025年下半年，开普检测（003008）董事长、总经理、董事会秘书和三位副总经理(其中一人已经离职) 都完成了一次减持计划，其中董事长和总经理还有新的减持计划正在进行中。2024年上述高管从公司获 得的税前报酬总额合计超过500万元。2025年前三季度，开普检测业绩增长明显承压，营业收入同比增 幅仅有0.17%。 ...

许昌开普检测研究院股份有限公司简式权益变动报告书 许昌开普检测研究院股份有限公司 简式权益变动报告书 上市公司名称：许昌开普检测研究院股份有限公司 股票上市地点：深圳证券交易所 股票简称：开普检测 股票代码：003008 信息披露义务人：李亚萍 住所：河南省许昌市建安区*** 通讯地址：河南省许昌市尚德路 17 号 股份变动性质：股份比例减少（因减持公司股份） 三、依据《中华人民共和国证券法》《上市公司收购管理办法》等的规 定，本权益变动报告书已全面披露了信息披露义务人在许昌开普检测研究院 股份有限公司中拥有权益的变动情况。 签署日期：2026 年 1 月 27 日 四、截至本报告书签署日，除本报告书披露的信息外，信息披露义务人 没有通过任何其他方式增加或减少其在许昌开普检测研究院股份有限公司中 拥有权益的股份。 许昌开普检测研究院股份有限公司简式权益变动报告书 五、本次权益变动是根据本报告书所载明的资料进行的。除本信息披露 义务人外，没有委托或者授权其它任何人提供未在本报告书列载的信息和对 本报告书做出任何解释或者说明。 信息披露义务人声明 六、信息披露义务人承诺本报告书不存在虚假记载、误导性陈述或重大 遗 ...

证券代码：003008 证券简称：开普检测 公告编号：2026-003 许昌开普检测研究院股份有限公司 关于持股 5%以上股东持股比例变动触及 1%及 5%整数倍暨 许昌开普检测研究院股份有限公司（以下简称"公司"）于 2025 年 11 月 26 日披露了《关于公司部分大股东、董事、高级管理人员减持股份计划的预披 露公告》（公告编号：2025-056），持有本公司股份 11,011,244 股（占公司总股 本比例 10.5877%）的持股 5%以上股东、董事兼总经理李亚萍女士计划自上述公 告披露之日起 15 个交易日后的 3 个月内（2025 年 12 月 18 日至 2026 年 3 月 17 日），以集中竞价方式减持公司股份不超过 1,040,000 股（不超过公司总股本比 例 1%，不超过其持有公司股份总数的 25%）。 公司于近日收到李亚萍女士出具的《关于减持公司股份触及 1%及 5%整数 倍的告知函》，李亚萍女士于 2026 年 1 月 15 日至 2026 年 1 月 26 日期间，通过 集中竞价方式合计减持公司股份 611,300 股，持股比例从 10.5877%下降至 9.9999%，本次权 ...

开普检测公告称，持股5%以上股东、董事兼总经理李亚萍，因个人资金需求，于2026年1月15 - 26日通 过集中竞价减持611,300股，持股比例从10.5877%降至9.9999%，触及1%及5%整数倍。此次减持未超预 披露上限，且严格履约。本次权益变动不会使公司控制权变更，也不影响治理结构与持续经营。截至公 告日，减持计划未实施完毕，公司将持续披露进展。 ...

Core Viewpoint - The management of Kaipu Testing has executed multiple share reduction plans amid a challenging performance environment, raising questions about the company's future outlook and management's confidence in its prospects [1][12]. Group 1: Management Share Reductions - In the second half of 2025, the chairman, general manager, board secretary, and three vice presidents of Kaipu Testing completed a share reduction plan, with ongoing plans for further reductions by the chairman and general manager [1]. - On January 26, 2026, Kaipu Testing announced that Chairman Yao Zhiqing plans to reduce his holdings by up to 3.12 million shares (3% of total shares), while Vice General Manager Song Xia plans to reduce up to 224,000 shares (0.2154% of total shares) [1][2]. - As of January 27, 2026, Kaipu Testing's market value was less than 2.5 billion yuan, with a closing price of 23.72 yuan per share, indicating that the combined cash from the planned reductions could exceed 79 million yuan [2]. Group 2: Recent Performance - In the first three quarters of 2025, Kaipu Testing's revenue growth was significantly pressured, with a year-on-year increase of only 0.17%, and a net profit of 57.84 million yuan, reflecting a 3.34% increase [12]. - The management's collective share reduction raises concerns about their confidence in the company's future performance, as they have not responded to inquiries regarding this matter [12]. Group 3: Historical Share Reductions - From October 29 to December 3, 2025, Yao Zhiqing reduced approximately 1.03 million shares at an average price between 22.26 and 24.05 yuan, cashing out over 22.99 million yuan [3][4]. - During the same period, Song Xia reduced 298,000 shares at an average price between 21.51 and 22.80 yuan, resulting in over 6.4 million yuan in cash [5][6]. - Other executives, including the board secretary Zhang Ran and Vice General Manager He Chun, also executed share reductions, with Zhang cashing out over 3.6 million yuan and He Chun over 8 million yuan [5][9].