Summary of the Conference Call for Xince Standard Company Overview - Xince Standard was established in 2000 and is headquartered in Shenzhen, being one of the earliest institutions engaged in testing services in China. The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in January 2021. [3] Financial Performance - In 2024, Xince Standard reported revenue of 720 million yuan, a year-on-year increase of 6.7%, and a profit of 176 million yuan, up 7.7% year-on-year. [2][3] - The revenue structure includes: - Automotive testing: 40% - Electronic and electrical product testing: 23% - Laboratory equipment: 24% - Other segments include consumer goods and health & environmental testing. [2][3] Automotive Testing Business - The automotive testing business includes reliability testing (mechanical vibration, smoke corrosion, climate simulation), electromagnetic compatibility testing, and physicochemical analysis (VOC, carbon, odor, formaldehyde detection). These tests are primarily non-mandatory R&D tests for automotive components. [4][5] - The gross margin for the automotive testing business has maintained between 68% and 70%. [2][7] Growth Phases - **2019-2020**: Slow growth phase with revenue growth of 12.8% and -4.6%, and profit growth of 11.5% and -19%. [6] - **2021-2023**: Rapid growth phase with profit growth of 33%, 47%, and 39% respectively, driven by capacity expansion and increased demand for new energy vehicles. [6][7] - **2024-2025**: A slowdown in revenue and profit growth due to price competition in the new energy vehicle sector, with a profit decline of 1.7% in Q3 2024 and revenue/profit declines of 8% and 9% respectively in Q1 2025. However, a recovery was noted in Q2 2025 with revenue growth of 10.5% and profit growth of 11.8%. [8] Robotics Sector - In February 2025, Xince Standard announced its entry into the robotics sector by forming a joint venture with Guangdong Wali Technology, focusing on the R&D, manufacturing, and sales of testing robots, industrial robots, and service robots. [9] - The company leverages its existing technology and customer base, including clients like Xiaopeng and Li Auto, to promote its robotics products. [9] Financial Metrics and Market Position - As of the first half of 2025, the gross margin was 69.1%, a slight decrease of 2.6 percentage points year-on-year. [10] - The company has completed a new employee stock ownership plan and its convertible bonds have reached conditions for forced redemption, which may exert short-term pressure on stock prices. However, the overall valuation remains near the industry average. [10] Future Focus Areas - Key future focus areas include the status of military-related business orders expected to impact performance from Q4 2024 to H1 2025, and the progress of the robotics business, including potential industry catalysts and the company's own mergers, acquisitions, or technological collaborations. [11][12]

Core Viewpoint - Xince Standard is a comprehensive testing organization that provides various testing services across multiple sectors, including automotive, electronics, consumer goods, industrial products, food, agriculture, and environmental sectors [2] Company Overview - Xince Standard specializes in reliability testing, chemical testing, electromagnetic compatibility testing, product safety testing, and life health testing services [2] - The company offers testing reports or certificates to clients in diverse fields [2]

Group 1 - The core point of the article is that Xince Standard announced the approval of a proposal to conclude certain fundraising projects from its initial public offering and to permanently supplement its working capital with the remaining funds [2] Group 2 - The fifth session of the company's supervisory board held its seventh meeting to review the proposal [2] - The announcement was made on the evening of September 8 [2]

Group 1 - The core point of the article is that Xince Standard announced the approval of several proposals, including changes to registered capital and amendments to relevant documents during the ninth meeting of the fifth board of directors [2] Group 2 - The announcement was made on the evening of September 8, indicating the company's ongoing governance activities [2] - The specific details of the changes to registered capital and the amendments were not disclosed in the article [2] - This move may reflect the company's strategic adjustments in response to market conditions or internal assessments [2]

Core Viewpoint - Shenzhen Xince Standard Technology Service Co., Ltd. has made significant amendments to its articles of association, reflecting important strategic adjustments in its operational development, including an increase in registered capital from RMB 161.225135 million to RMB 243.496348 million [1] Company Basic Information and Organizational Structure - The company has transitioned from Shenzhen Xince Technology Co., Ltd. to a joint-stock company, inheriting all assets, liabilities, and operations while emphasizing the protection of shareholders' and creditors' legal rights [2] - The legal representative has been clarified from "the director executing company affairs" to "the chairman," with provisions for appointing a new legal representative within 30 days upon the chairman's resignation [2] - The board of directors' composition has been adjusted to include one employee representative director among the seven directors, with at least one independent director being a professional accountant [2] - An audit committee has been established to perform the duties of the supervisory board, overseeing financial information, auditing, and internal control [2] Share Capital and Shareholder Rights - The total number of shares has increased from 161.225135 million to 243.496348 million, maintaining a par value of RMB 1 per share, all of which are ordinary shares [3] - The revised articles clarify shareholders' rights and obligations, including compliance with laws when accessing company materials and detailed regulations for resolving disputes regarding shareholder and board resolutions [3] - Shareholders are prohibited from abusing their rights to harm the company or other shareholders' interests and must not misuse the company's legal status to harm creditors [3] Operational and Decision-Making Mechanisms - The articles have optimized the powers and decision-making processes of the shareholders' meeting and board of directors, with clearer provisions for electing and replacing directors [4] - The board's approval authority for various transactions has been detailed, including standards and procedures for external guarantees, financial assistance, and related party transactions [4] - Independent directors' responsibilities and requirements have been specified, with the introduction of a dedicated meeting mechanism to enhance their supervisory role in company decisions [4] Profit Distribution and Other Matters - The profit distribution policy emphasizes reasonable returns to investors, ensuring continuity and stability, along with clear decision-making mechanisms for profit distribution [5] - The internal audit system has been improved, defining leadership structures and responsibilities for internal audit work [5] - Amendments have been made regarding procedures for company mergers, divisions, and capital reductions, reflecting the company's adaptation to market changes and enhancement of internal governance [5]

Core Viewpoint - Shenzhen Xince Standard Technology Service Co., Ltd. has released its updated company articles, aiming to standardize its organizational structure and operations, thereby ensuring long-term development and compliance with regulations [1]. Group 1: Company Overview - Shenzhen Xince Standard Technology Service Co., Ltd. was listed on the Shenzhen Stock Exchange on January 27, 2021, with a registered capital of RMB 243.496348 million [1]. - The company's mission is to enhance quality of life and promote a green economy by integrating standards and technology, providing independent technical services for standard compliance [1]. - The company operates in various sectors, including testing, inspection, certification, and technical services for electronic products, light industrial products, and new energy products [1]. Group 2: Share Issuance Regulations - The company follows principles of openness, fairness, and justice in its share issuance, with a total of 243.496348 million shares issued, each with a par value of RMB 1, all classified as ordinary shares [2]. - Shareholders subscribed to shares through net asset conversion at the time of the company's establishment, with a total of 4,200 million shares held by various shareholders [2]. - The company has strict regulations regarding share transfer, including a one-year lock-up period for shares issued before public offering and limits on the percentage of shares that directors and senior management can transfer annually [2]. Group 3: Shareholders and Shareholder Meetings - The company maintains a shareholder register based on documentation from the Shenzhen branch of China Securities Depository and Clearing Corporation Limited, with shareholders enjoying rights and obligations according to their share categories [3]. - The shareholder meeting is the company's authority body, responsible for electing and replacing directors, approving board reports, and making decisions on capital changes [3]. - There are specific procedures for convening, proposing, notifying, and voting at shareholder meetings, including a requirement for advance notice and compliance with relevant regulations [3]. Group 4: Board of Directors and Senior Management - The board of directors consists of seven members, including three independent directors and one employee representative director, with responsibilities including convening shareholder meetings and executing resolutions [4]. - The board appoints a manager, who is responsible for the company's operational management and reports directly to the board [4]. Group 5: Financial Accounting and Profit Distribution - The company has established a financial accounting system in accordance with laws and regulations, ensuring timely reporting of annual and interim reports [5]. - Profit distribution policies emphasize reasonable returns to investors, with options for cash, stock, or a combination of both, prioritizing cash dividends [6]. Group 6: Corporate Changes and Liquidation - The company can undergo mergers, divisions, capital increases, or reductions, and may dissolve and liquidate under specific circumstances [7]. - A liquidation team is responsible for managing the company's assets and notifying creditors during the liquidation process, culminating in a liquidation report and deregistration [7].

五矿证券有限公司 关于深圳信测标准技术服务股份有限公司 首次公开发行股票部分募投项目结项 并将节余募集资金永久补充流动资金 一、募集资金的基本情况 经中国证券监督管理委员会（以下简称"中国证监会"《）关于同意深圳信测标准 技术服务股份有限公司首次公开发行股票注册的批复》（证监许可【2021】11 号） 同意注册，深圳信测标准技术服务股份有限公司首次公开发行人民币普通股（A 股）1,627.50 万股，每股面值 1.00 元，发行价格 37.28 元/股，募集资金总额为人 民币 60,673.20 万元，扣除发行费用人民币 6,756.91 万元，实际募集资金净额为 人民币 53,916.29 万元。募集资金已于2021 年1 月22 日划至公司指定账户。2021 年 1 月22 日，立信会计师事务所（特殊普通合伙）针对上述事项出具了信会师报字 [2021]第 ZE10008 号《验资报告》，确认募集资金到账。 公司对募集资金采取了专户存储制度，设立了相关募集资金专项账户。募集 资金到账后，已全部存放于该募集资金专项账户内，并与保荐机构、存放募集资 金的银行签署了募集资金监管协议。 二、募集资金投资项目基本情况 ...

深圳信测标准技术服务股份有限公司 第三条 本制度所称"高级管理人员"是指公司的总经理、副总经理、财务 负责人、董事会秘书和研发总监。 第二章 薪酬管理机构 第四条 公司董事会负责审议公司高级管理人员的薪酬；公司股东会负责审 议董事的薪酬。 董事和高级管理人员薪酬管理制度 第一章 总则 第一条 为进一步建立健全深圳信测标准技术服务股份有限公司（下称"公 司"）董事及高级管理人员的考核和薪酬管理制度，完善公司治理结构，根据 《中华人民共和国公司法》《上市公司治理准则》《深圳信测标准技术服务股份 有限公司章程》（以下简称"《公司章程》"）及其他有关规定，制订本制度。 第二条 薪酬与考核委员会是董事会设立的专门工作机构，负责制订公司董 事及高级管理人员的考核标准并进行考核，负责制订、审查公司董事及高级管理 人员的薪酬政策和方案。 3．除上述两项情形之外的其他非独立董事，不在公司领取薪酬。 （二）独立董事 第五条 公司董事会薪酬与考核委员会在董事会的授权下，负责制定公司董 事、高级管理人员的薪酬标准与方案；负责审查公司董事、高级管理人员履行职 责并对其进行年度考核；负责对公司薪酬制度执行情况进行监督。 独立董事薪酬实行 ...

深圳信测标准技术服务股份有限公司 董事会薪酬与考核委员会议事规则 第一章 总则 第一条 为进一步建立健全公司董事及高级管理人员的考核和薪酬管理制度， 完善公司治理结构，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司治理准则》《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》《深圳信测标准技术服务股份有限公司章程》（以下简称 "《公司章程》"）及其他有关规定，公司特设立董事会薪酬与考核委员会，并 制定本议事规则。 第二条 薪酬与考核委员会是董事会专门工作机构，对董事会负责。 第三条 本议事规则所称董事是指在本公司支取薪酬的董事长、副董事长（如 有）、董事，高级管理人员是指董事会聘任的总经理、副总经理、董事会秘书、 财务负责人及由董事长或总经理提请董事会认定的其他高级管理人员。 第二章 人员组成 第四条 薪酬与考核委员会成员由3名董事组成，独立董事占2名。 第五条 薪酬与考核委员会成员应由董事长、二分之一以上独立董事或者全 体董事三分之一以上提名，并由董事会选举产生。选举薪酬与考核委员会成员的 董事会提案获得通过后，新任薪酬与考核委员会成员在董事会会议结束后立即就 任。 ...

深圳信测标准技术服务股份有限公司 防止大股东及关联方占用公司资金管理制度 第一章 总 则 第一条 为了进一步加强和规范深圳信测标准技术服务股份有限公司(以下 简称"公司")的资金管理，防止和杜绝大股东及关联方占用公司资金行为的发 生，保护公司、股东和其他利益相关人的合法权益，根据《中华人民共和国公司法》、《中华 人民共和国证券法》、中国证监会《上市公司监管指引第8号——上市公司资金往来、对外担 保的监管要求》、《深圳证券交易所创业板股票上市规则》及《深圳信测标准技术服务股份 有限公司章程》（以下简称"《公司章程》"）的有关规定， 制定本制度。 第二条 本制度适用于公司与公司大股东及关联方之间的资金往来管理。 纳入公司合并会计报表范围的子公司适用本制度，公司大股东及关联方与纳入 合并会计报表范围的子公司之间的资金往来，参照本制度执行。 第三条 本制度所称"占用公司资金"(以下称"资金占用")，包括：经营 性资金占用和非经营性资金占用两种情况。 经营性资金占用，是指公司大股东及关联方通过采购、销售等生产经营环节的关 联交易所产生的资金占用。 非经营性资金占用，是指公司为大股东及关联方垫付工资、福利、保险、广告 等 ...