天溯计量：拟首发募资4.24亿元 加码计量检测能力提升与数字化中心建设 12月12日申购

Core Insights - The company aims to enhance its market coverage and profitability through various projects funded by the upcoming IPO, including the "Shenzhen Headquarters Measurement and Testing Capability Enhancement Project," "Regional Measurement and Testing Laboratory Construction Project," and "Digital Center Construction Project" [1][3] - The fundraising plan is deemed reasonable and necessary for improving the company's innovation capabilities and competitive strength, thereby expanding its business scale and profitability [1] Investment Projects - The "Shenzhen Headquarters Measurement and Testing Capability Enhancement Project" has an investment amount of 12.77 billion, aimed at improving existing product market coverage and profitability [3] - The "Regional Measurement and Testing Laboratory Construction Project" involves an investment of 17.46 billion, focusing on providing efficient services to clients and deepening regional market activities [3] - The "Digital Center Construction Project" requires an investment of 3.17 billion, which will optimize business processes and enhance operational efficiency [3] - An additional 9 billion will be allocated for supplementing working capital to alleviate operational pressure [3] Company Overview - The company, Tian Su Measurement, is a national high-tech enterprise primarily engaged in measurement calibration, testing, and certification services, serving various industries such as biomedicine, automotive, new energy, and rail transportation since its establishment in 2009 [3][4] - Future plans include establishing a nationwide laboratory network with 34 measurement laboratories and 8 testing bases to enhance measurement and testing capabilities [4] Financial Performance - The company reported a weighted average return on equity of 23.91% for 2024, a decrease of 3.5 percentage points from the previous year [20] - The operating cash flow net amount for 2024 was 132 million, reflecting a year-on-year growth of 1.03% [25] - The company’s liquidity ratios are strong, with a current ratio of 3.23 and a quick ratio of 3.17 for 2024 [53] Shareholder Structure - As of October 23, 2025, the largest shareholder is Gong Tianbao, holding 69.31% of the shares, followed by other significant stakeholders [55]