Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company reported a total revenue of 2.026 billion yuan for 2024, a year-on-year decrease of 4.3%, with a net profit attributable to shareholders of 229 million yuan, down 27.0% year-on-year. However, Q4 showed a revenue increase of 4.9% year-on-year, indicating a positive trend [2][6]. - The company has advantages in technology and service networks in the military, new energy vehicles, and semiconductor testing sectors. It is expected that military testing orders will accelerate in 2025, and semiconductor testing capacity will gradually be released, leading to performance recovery [2][12]. Summary by Sections Financial Performance - In 2024, the company achieved total revenue of 2.026 billion yuan, with a net profit of 229 million yuan. The Q4 revenue was 619 million yuan, showing a year-on-year increase of 4.9% [2][6]. - The gross profit margin for 2024 was 44.5%, a decrease of 1.06 percentage points year-on-year, primarily due to increased competition and rising costs from laboratory expansion [12]. Business Segments - Revenue from testing equipment was 623 million yuan, down 17.25% year-on-year, attributed to reduced capital expenditures from downstream third-party testing institutions [12]. - Environmental testing services generated 1.01 billion yuan, a slight increase of 0.64% year-on-year, with military testing orders gradually recovering [12]. - Integrated circuit testing revenue reached 288 million yuan, up 12.33% year-on-year, driven by high demand from downstream clients [12]. Future Outlook - The company anticipates a rapid release of military testing orders in 2025, coinciding with the conclusion of the military's 14th Five-Year Plan. The company is also expanding its laboratory capabilities and service networks to support future growth [12][12]. - Revenue projections for 2025-2027 are 2.32 billion yuan, 2.63 billion yuan, and 2.96 billion yuan, respectively, with net profits expected to grow by 27.0%, 23.7%, and 23.7% [12].

Group 1: Financial Performance - The company's main business revenue for 2024 was 192,038.29 million yuan, a decrease of 4.56% year-on-year [3] - Net profit attributable to shareholders was 22,941.13 million yuan, down 27.00% year-on-year [3] - Net profit after deducting non-recurring gains and losses was 20,761.94 million yuan, a decline of 25.89% year-on-year [3] Group 2: Business Segment Analysis - Revenue from testing equipment was 62,278.55 million yuan, a decrease of 17.25% year-on-year [3] - Revenue from environmental and reliability testing services was 100,944.04 million yuan, showing a slight increase of 0.64% year-on-year [3] - Revenue from integrated circuit verification and analysis services was 28,815.71 million yuan, up 12.33% year-on-year [3] Group 3: Market Trends and Challenges - The testing equipment segment faced pressure due to weakened capital expenditure demand from downstream customers and intensified competition in the end market [3] - The environmental and reliability testing services segment demonstrated resilience despite market challenges, although capacity is still ramping up [3] - The integrated circuit verification and analysis services segment benefited from stable growth in semiconductor market demand [3] Group 4: Future Outlook and Strategies - The company plans to control overall capital expenditure while focusing on improving equipment utilization to meet industry demand fluctuations [7] - There is an emphasis on enhancing research and development capabilities and exploring new production areas such as commercial aerospace and aviation [7] - The company aims to strengthen its market position by focusing on emerging industries and new technology developments [11]

Core Viewpoint - Su Shi Testing (300416.SZ) released its 2024 annual report, indicating significant institutional investor interest with 119 institutions holding a total of 234 million shares, representing 46.08% of the total share capital [1] Group 1: Institutional Investors - A total of 119 institutional investors disclosed holdings in Su Shi Testing, with a combined shareholding of 234 million shares, accounting for 46.08% of the total share capital [1] - The top ten institutional investors collectively hold 40.51% of the shares, with a decrease of 2.68 percentage points compared to the previous quarter [1] Group 2: Public Funds - One public fund, Tianhong Yongli Bond A, increased its holdings, while six public funds, including Southern CSI 1000 ETF and Galaxy Silver Tai Mixed, reduced their holdings, with a total decrease of 0.36% [2] - A total of 105 new public funds were disclosed this period, including Tianhong Tongli Mixed A and Huaxia CSI 1000 ETF [2] - Four public funds were not disclosed this period, including Dacheng Specialized New Mixed A and Xingsheng Global Active Allocation Mixed (FOF-LOF) A [2] Group 3: Foreign Investment - One foreign institution, Hong Kong Central Clearing Limited, was not disclosed in this period compared to the previous quarter [3]

Core Viewpoint - The company, Suzhou Su Test Experiment Group Co., Ltd., has reported a decline in its main business revenue and net profit for the reporting period, while emphasizing its focus on environmental testing equipment and services as well as integrated circuit verification and analysis services [17][18]. Group 1: Business Overview - The company specializes in environmental and reliability testing verification and comprehensive analysis service solutions, focusing on the development and production of environmental testing equipment [5][11]. - The main business segments include equipment manufacturing, testing services, integrated circuit verification, electronic electrical testing certification, and software evaluation services [11][15]. Group 2: Financial Performance - For the reporting period, the company's main business revenue was 1,920.38 million yuan, a year-on-year decrease of 4.56%, with testing equipment revenue at 622.79 million yuan, down 17.25% [17]. - The environmental and reliability testing service revenue was 1,009.44 million yuan, showing a slight increase of 0.64%, while integrated circuit verification and analysis service revenue rose by 12.33% to 288.16 million yuan [17]. - The net profit attributable to shareholders was 229.41 million yuan, a decrease of 27.00%, and the net profit after deducting non-recurring gains and losses was 207.62 million yuan, down 25.89% [17]. Group 3: Operational Challenges - The company faces challenges due to weakened capital expenditure demand from downstream customers and intensified competition in the end market, leading to short-term pressure on performance [18]. - Despite these challenges, the company continues to strengthen its competitive advantages in large, complex, and integrated testing systems, while also advancing digitalization and information technology [18].

证券代码：300416 证券简称：苏试试验 公告编号：2025-013 苏州苏试试验集团股份有限公司 关于 2025 年度日常关联交易预计的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 苏州苏试试验集团股份有限公司（以下简称"公司"）于 2025 年 4 月 9 日召 开第五届董事会第八次会议、第五届监事会第八次会议，审议通过了《关于公司 2025 年度日常关联交易预计的议案》，现将有关事项公告如下： 1、日常关联交易概述 公司及子公司因业务发展和生产经营需要，与关联方苏州梭仪科技有限公司 （以下简称"梭仪科技"）存在日常经营性关联交易，预计 2025 年度累计交易金 额不超过人民币 500 万元。 根据《深圳证券交易所创业板股票上市规则》和《公司章程》等有关规定， 上述关联交易为董事会权限范围事项，无需提交股东大会审议。上述交易不构成 《上市公司重大资产重组管理办法》规定的重大资产重组。 公司第五届董事会第八次会议审议通过了《关于公司 2025 年度日常关联交 易预计的议案》，独立董事已召开独立董事专门会议并发表了明确的同意意见。 2、预计日常关联交 ...

证券代码：300416 证券简称：苏试试验 公告编号：2025-018 苏州苏试试验集团股份有限公司 关于公司及子公司通过高新技术企业重新认定的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 公司控股子公司扬州英迈克测控技术有限公司（以下简称"苏试英迈克"） 日前收到江苏省科学技术厅、江苏省财政厅、国家税务总局江苏省税务局联合下 发的高新技术企业证书，证书编号：GR202432002270，发证日期：2024 年 11 月 6 日，有效期三年。 根据《中华人民共和国企业所得税法》等相关规定，公司、苏州广博、成都 广博、湖南广博、苏试英迈克自本次通过高新技术企业重新认定起连续三年可享 受国家关于高新技术企业的相关税收优惠政策，即按 15%的税率缴纳企业所得 税。 特此公告。 苏州苏试试验集团股份有限公司董事会 2025 年 4 月 9 日 苏州苏试试验集团股份有限公司（以下简称"公司"）日前收到江苏省科学 技术厅、江苏省财政厅、国家税务总局江苏省税务局联合下发的高新技术企业证 书，证书编号：GR202432013349，发证日期：2024 年 12 月 1 ...

苏州苏试试验集团股份有限公司 2024 年度监事会工作报告 报告期内，公司监事会严格按照《公司法》、《证券法》、《深圳证券交易所创 业板股票上市规则》、《深圳证券交易所上市公司自律监管指引第 2 号——创业板 上市公司规范运作》和《公司章程》等法律法规以及公司《监事会议事规则》等 制度的规定，认真地履行了自身的职责，依法独立行使职权，促进公司的规范运 作，积极维护公司、全体股东及员工的合法权益。监事会对公司的财务、股东大 会决议等执行情况、董事会的重大决策程序及公司经营管理活动的合法合规性、 董事及高级管理人员履行其职务情况等方面进行了监督和检查，促进公司的健 康、持续发展。现将 2024 年度监事会工作情况报告如下： 一、报告期内监事会工作情况 公司监事会设监事 3 名，其中职工代表监事 1 名，监事会的人数及人员构成 符合法律、法规的要求。报告期内，公司监事会召开情况如下： 报告期内，本着对全体股东负责的态度，监事会对公司财务状况进行了监督 和检查，认真审核董事会提交的季度、半年度和年度财务报告。监事会认为：公 司财务管理规范、制度完善，公司各期财务报告均客观、真实地反映公司的财务 状况和经营成果。天衡会 ...

苏州苏试试验集团股份有限公司（以下简称"公司"）、控股子公司西安苏 试广博环境可靠性实验室有限公司（以下简称"西安广博"）及控股孙公司苏试 宜特（深圳）检测技术有限公司（以下简称"深圳宜特"）近日取得了国家知识 产权局颁发的发明专利证书，具体情况如下： | 序 号 | 专利名称 | 专利权保护期限 | 授权公告日 | 专利号 | 专利类型 | 专利权人 | | --- | --- | --- | --- | --- | --- | --- | | 1 | 一种高温环境振动试验方 | 2019年12月13日 | 2024年8月23日 | ZL20191128 | 发明 | 公司 | | | 法及隔热转接装置 | 2039年12月12日 | | 5388.3 | | | | 2 | 一种三轴振动试验装置 | 2019年12月31日 | 2024年10月22日 | ZL20191141 7124.9 | 发明 | 公司 | | | | 2039年12月30日 | | | | | | 3 | 一种振动转动综合试验装 | 2019年12月31日 | 2024年10月22日 | ZL20191141 | 发明 | 公司 ...

苏州苏试试验集团股份有限公司 2024 年度董事会工作报告 2024 年，公司董事会严格按照《公司法》、《证券法》、《深圳证券交易 所创业板股票上市规则》、《深圳证券交易所上市公司自律监管指引第 2 号—— 创业板上市公司规范运作》、《公司章程》及《董事会议事规则》等有关法律法 规及公司相关制度的要求，从切实维护公司利益和广大股东权益出发，认真履行 股东大会赋予的职责，不断规范运作、科学决策，积极推动公司各项业务的发展。 现将公司董事会 2024 年度的工作报告如下： 一、公司 2024 年度经营情况 （一）总体经营情况 公司作为工业产品质量可靠性验证分析及测试服务提供商，构建设备+服务 一体化发展体系，从战略全局出发，聚焦主业精耕细作，面对行业竞争加剧、内 部产能快速扩张等不利因素，积极应对困难与压力，取得一定成绩。 1、坚持自主创新，以技术引领发展 报告期内，公司继续加大力度创新数字化、智能化、多物理量综合试验系统、 环试+性能综合测试系统，加强设备节能关键核心技术攻关，以行业需求推动试 验设备技术研发，巩固核心竞争力。针对新能源、石油化工、商业航天、集成电 路等行业的快速发展及技术的迭代更新，公司在不断 ...

苏州苏试试验集团股份有限公司 2025 年 4 月 1/ 6 苏州苏试试验集团股份有限公司 2024 年度财务决算报告 公司 2024 年度财务报表按照企业会计准则的规定编制，在所有重大方面公 允反映了公司 2024 年 12 月 31 日的财务状况以及 2024 年度的经营成果和现金 流量。公司合并财务报表已经天衡会计师事务所（特殊普通合伙）审计，并出 具天衡审字（2025）00375 号标准无保留意见的审计报告。现将 2024 年度合并 财务报表反映的主要财务数据报告如下： | 项目 | 2024 年度或 | 2023 年度或 | 本年比上年 | | --- | --- | --- | --- | | | 2024/12/31 | 2023/12/31 | 增减（%） | | 营业收入（元） | 2,025,506,077.43 | 2,116,723,460.04 | -4.31% | | 营业成本（元） | 1,123,254,010.99 | 1,156,481,550.39 | -2.87% | | 营业利润（元） | 297,919,777.15 | 405,461,029.52 | -26.5 ...