Core Viewpoint - Shenzhen Tiansu Measurement and Testing Co., Ltd. officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market on December 23, marking a significant milestone for the company and the measurement and testing industry in China [3]. Company Overview - Founded in 2009 by entrepreneur Gong Tianbao, Tiansu Measurement is a national, comprehensive independent third-party measurement and testing service provider, specializing in measurement calibration, testing, and certification [3]. - The company has grown to become a national high-tech enterprise and has received various accolades, including being recognized as a "service-oriented manufacturing demonstration platform" and a "public service platform for industrial technology infrastructure" by the Ministry of Industry and Information Technology [4]. Business Development - As of June 2025, Tiansu Measurement has developed 1,417 calibration services across ten fields, including geometric, thermal, mechanical, electromagnetic, radio, time and frequency, acoustic, optical, chemical, and ionizing radiation measurements, with 27 laboratories established nationwide [4]. - The company has expanded its services to include testing and certification for power batteries, energy storage systems, supercharging piles, and vehicle networking information security, creating a dual-driven development model in measurement and new energy testing [4]. Technological Advancements - By August 2025, Tiansu Measurement had obtained 133 authorized patents, including 43 invention patents, and has been involved in the formulation of nearly 100 national and industry standards and technical specifications [5]. - The company has invested in multiple innovative platforms, including the Guangdong Intelligent Manufacturing Equipment Smart Measurement Testing Engineering Technology Research Center and the Shenzhen Biomedical Industry Measurement Calibration Public Technical Service Platform [5].

Group 1 - The new stock and newly listed sector continues to exhibit a speculative trend, with localized highlights becoming more pronounced. The current adjustment cycle has lasted nearly four months, and the negative impact from the failure to reach a bottom in early December is expected to have been digested over the past few weeks. A turning point for this adjustment cycle may be approaching [1][2][13] - The average increase in the new stock sector since the beginning of 2024 is approximately 1.2%, with about 60.1% of stocks achieving positive returns, indicating a recovery from the previous week’s average decline of -2.0% [1][13][28] - External catalysts are increasing, including the central bank's encouragement to raise long-term capital investment in A-shares, which may boost overall market risk appetite. Additionally, the Shanghai Stock Exchange's new listing standards for commercial aerospace companies may enhance trading enthusiasm in current popular themes [2][13] Group 2 - The focus remains on technology sectors, particularly in areas such as AI computing power, robotics, and commercial aerospace, which have significant long-term growth potential. Continuous attention and active search for emerging hotspots within these sectors are recommended [3][13] - For sectors that are currently popular, it is advised to manage the rhythm of adjustments and consider rotational investments, including innovative pharmaceuticals, new energy, new consumption, and non-ferrous chemicals [3][13] Group 3 - Upcoming new stocks include Qiangyi Co., Yufan Technology, Shuangxin Environmental Protection, and Hengdong Light [4][33] - Last week, three new stocks were available for online subscription, with an average issuance price-earnings ratio of 18.7X and an average subscription success rate of 0.0210% [5][21] - The average first-day increase for newly listed stocks last week was approximately 265%, indicating sustained high trading enthusiasm, although this was a slight decrease from the previous week’s average of 343% [5][25][26]

Core Viewpoint - The successful listing of Tian Su Measurement on the Shenzhen Stock Exchange marks a new phase of capital empowerment for the company and is expected to inject strong momentum into the high-quality development of China's measurement industry [5]. Company Overview - Tian Su Measurement is a national, comprehensive independent third-party measurement and testing service provider, with main services including calibration, testing, and certification [6]. - The company serves a wide range of clients across key sectors of the national economy, including biomedicine, automotive, new energy, rail transportation, energy and electricity, light industry, and equipment manufacturing [6]. Industry Growth and Opportunities - The measurement and testing industry is a crucial part of the national quality infrastructure, showing stable growth prospects. By the end of 2024, there are expected to be 7,972 large-scale testing institutions in China, a year-on-year increase of 5.48%, with revenue reaching 396.139 billion yuan, up 5.60% year-on-year [7]. - The demand for testing in emerging fields such as new energy is rapidly increasing, and the company has strategically positioned itself in the new energy battery testing sector, achieving significant results [7][8]. Strategic Positioning and Innovation - The company has established a nationwide service network and diversified business layout, allowing it to respond quickly to customer needs across various regions [8]. - Tian Su Measurement is committed to innovation-driven development, focusing on technological upgrades in response to downstream industry needs, and promoting the advancement of new measurement technologies towards high-end, intelligent, and green development [7][9]. Recognition and Future Outlook - The company has received multiple authoritative recognitions, including being a national high-tech enterprise and a "service-oriented manufacturing demonstration platform" by the Ministry of Industry and Information Technology [9]. - The listing is seen as a new starting point for the company, which aims to leverage capital to deepen strategic layouts and contribute to the construction of a quality-driven manufacturing nation [9][10].

一、募集资金的基本情况 证券代码：301449 证券简称：天溯计量 公告编号：2025-001 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。 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意深圳天溯计量 检测股份有限公司首次公开发行股票注册的批复》（证监许可[2025]2424号）同意注册， 并经深圳证券交易所同意，深圳天溯计量检测股份有限公司（以下简称"公司"）首 次公开发行人民币普通股（A股）16,304,348股，于2025年12月23日上市，每股面值1.00 元，每股发行价格为36.80元，募集资金总额为人民币600,000,006.40元，扣除各项发行 费用，实际募集资金净额为人民币524,631,448.54元。众华会计师事务所（特殊普通合 伙）对公司上述资金到位情况进行了审验，并于2025年12月18日出具了众会字（2025） 第11809号《验资报告》。 二、《募集资金三方监管协议》的签订情况和募集资金专户的开立情况 为规范公司募集资金管理，保护投资者权益，根据中国证监会《上市公司募集资 金监管规则》《深圳证券交易所上市公司自律监 ...

Market Performance - The professional services sector increased by 0.36% on December 26, with C Tian Su leading the gains [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] Top Gainers - C Tian Su (301449) closed at 114.65, with a significant increase of 27.23% and a trading volume of 102,600 shares, amounting to a transaction value of 1.079 billion yuan [1] - Bei Mining Testing (920160) rose by 16.44% to close at 28.97, with a trading volume of 146,400 shares and a transaction value of 421 million yuan [1] - Lihe Kechuang (002243) increased by 5.37% to close at 10.21, with a trading volume of 514,700 shares and a transaction value of 521 million yuan [1] Top Losers - Kai Pu Testing (003008) decreased by 1.69% to close at 22.05, with a trading volume of 12,900 shares and a transaction value of 28.66 million yuan [2] - Zhong Quan Radiation (300962) fell by 1.68% to close at 16.36, with a trading volume of 35,700 shares and a transaction value of 58.79 million yuan [2] - Jian Yan Yuan (603183) dropped by 1.59% to close at 4.33, with a trading volume of 90,000 shares and a transaction value of 39.42 million yuan [2] Capital Flow - The professional services sector saw a net inflow of 21.41 million yuan from institutional investors, while retail investors contributed a net inflow of 32.55 million yuan [2] - Speculative funds experienced a net outflow of 53.95 million yuan [2] Individual Stock Capital Flow - Bei Mining Testing (920160) had a net inflow of 98.49 million yuan from institutional investors, representing 23.37% of its trading volume [3] - C Tian Su (301449) saw a net inflow of 84.19 million yuan from institutional investors, but a net outflow of 59.42 million yuan from speculative funds [3] - Pu Ni Testing (300887) recorded a net inflow of 8.77 million yuan from institutional investors, while retail investors experienced a net outflow of 32.37 million yuan [3]

Group 1 - The Shenzhen Stock Exchange has temporarily suspended trading of "C Tian Su Ji Liang" during the trading session [1]

Group 1 - The professional services sector increased by 1.26% on December 25, with C Tian Shuo leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] - C Tian Shuo's stock price rose by 18.83% to 90.11, with a trading volume of 98,900 shares and a transaction value of 870 million yuan [1] Group 2 - The professional services sector experienced a net outflow of 77.83 million yuan from institutional investors, while retail investors saw a net inflow of 118 million yuan [2][3] - The stock of Su Shi Shi Yan had a net inflow of 45.03 million yuan from institutional investors, but a net outflow of 4.42 million yuan from retail investors [3] - The stock of C Tian Shuo had a net inflow of 74.51 million yuan from institutional investors, with a net outflow of 4.75 million yuan from retail investors [3]

Core Viewpoint - Tian Su Measurement experienced a significant decline of 24.93% in stock price on December 24, with a trading volume of 602 million yuan. The company reported a net financing purchase of 6.85 million yuan on the same day [1]. Group 1: Financial Performance - For the period from January to September 2025, Tian Su Measurement achieved a revenue of 648 million yuan, representing a year-on-year growth of 12.12% [2]. - The net profit attributable to the parent company for the same period was 92.99 million yuan, reflecting a year-on-year increase of 11.62% [2]. Group 2: Shareholder and Market Data - As of December 23, the number of shareholders for Tian Su Measurement reached 20,200, marking an increase of 201,920% compared to the previous period [2]. - The average number of circulating shares per shareholder was 688 shares, with no change from the previous period [2]. Group 3: Financing and Margin Data - On December 24, the financing purchase amount for Tian Su Measurement was 30.49 million yuan, with a total financing balance of 42.99 million yuan, accounting for 4.07% of the circulating market value [1]. - There were no shares sold or repaid in the margin trading on December 24, indicating a stable margin position with a balance of 0 yuan [1]. Group 4: Company Overview - Tian Su Measurement, established on June 17, 2009, is located in Longgang District, Shenzhen, Guangdong Province. The company specializes in measurement calibration, testing, and certification services across various sectors, including biomedicine, automotive, new energy, rail transportation, energy power, light industry, and equipment manufacturing [1]. - The revenue composition of the company's main business includes measurement calibration services (83.63%), testing services (16.23%), and certification services (0.14%) [1].

Core Viewpoint - The company, Tian Su Measurement, is a national, comprehensive independent third-party measurement and testing service provider, focusing on calibration, testing, and certification services across various sectors of the national economy [1] Group 1: Company Overview - Tian Su Measurement provides professional technical services in measurement calibration, testing, and certification [1] - The company's client base spans multiple industries, including biomedicine, automotive, new energy, rail transportation, energy and electricity, light industry and daily chemicals, equipment manufacturing, ultra-high voltage, integrated circuits, nuclear power, and energy conservation and environmental protection [1] Group 2: Market Strategy - The company intends to closely monitor market dynamics and seize market opportunities to continuously promote high-quality development [1]

Group 1 - The company Tian Su Measurement confirmed that its Hainan branch is operating normally, focusing on measurement services [2] - The measurement business serves multiple downstream industries [2]