Venture(US:VEMLY) Zheng Quan Shi Bao Wang·2025-10-15 02:21Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. is set to go public on October 16, with a focus on expanding its measurement and testing services, particularly in the rapidly growing battery testing sector, supported by strong financial growth and strategic partnerships [1][2][3]. Financial Performance - The company's revenue and net profit have shown consistent growth from 2022 to the first half of 2025, with revenues of CNY 5.97 billion, CNY 7.26 billion, CNY 8 billion, and CNY 4.09 billion, and net profits of CNY 843.85 million, CNY 1.01 billion, CNY 1.11 billion, and CNY 555.76 million respectively [2]. - The battery testing business has experienced significant growth, with revenue increasing from CNY 525.36 million in 2022 to CNY 1.13 billion in 2024, reflecting a compound annual growth rate of 46.75% [2]. Market Position and Client Relationships - The company has established long-term partnerships with major corporations such as Shougang Group, China Railway, and State Grid, resulting in a high customer retention rate and stable revenue streams [3]. Research and Development - From 2022 to the first half of 2025, the company invested a total of CNY 107.87 million in R&D, with a focus on developing proprietary technologies and standards [4]. - The company holds 133 patents, including 43 invention patents, and has established multiple innovation centers, enhancing its competitive edge in the measurement and testing industry [4]. Industry Outlook and Policy Support - The Ministry of Industry and Information Technology has issued a policy aimed at enhancing measurement capabilities in the manufacturing sector, which is expected to create more opportunities for companies in the measurement industry [5][6]. - The company plans to raise CNY 424 million through its IPO to enhance its measurement capabilities, build regional laboratories, and support digital transformation, which will contribute to its growth and market expansion [6].