Core Viewpoint - The company, Tian Su Measurement (301449.SZ), is a national, comprehensive independent third-party measurement and testing service provider, focusing on high-quality development in response to market opportunities [1] Group 1: Company Overview - The company specializes in measurement calibration, testing, and certification services [1] - Its main testing services are for consumer batteries, power batteries, and energy storage batteries [1] Group 2: Service Offerings - The battery testing services include battery performance testing, safety testing, and reliability testing [1] - The company also provides battery testing certification services [1] Group 3: Market Strategy - The company is committed to closely monitoring market dynamics to seize opportunities [1] - It aims to continuously promote high-quality development [1]

Core Viewpoint - The company, Tian Su Measurement (301449.SZ), is a national, comprehensive independent third-party measurement and testing service provider, focusing on measurement calibration, testing, and certification services, particularly in the battery sector [1] Group 1: Business Overview - The main business of the company includes measurement calibration, testing, and certification services, with a focus on battery testing services for consumer batteries, power batteries, and energy storage batteries [1] - The battery testing services provided by the company include battery performance testing, safety testing, and reliability testing, as well as certification services [1] Group 2: Financial Performance - The company's revenue from battery testing services is projected to grow from 52.54 million yuan in 2022 to 113.14 million yuan in 2024, representing a compound annual growth rate (CAGR) of 46.75% [1] Group 3: Strategic Focus - By 2024, the company's measurement calibration business is expected to account for over 85% of its main business, while testing services will focus primarily on new energy battery testing, making up about 15% [1] - The company has established a broad service network, catering to over 2,000 new energy enterprises, including notable clients such as Zhongchuang Xinhang, Ju Wan Technology, Yiwei Lithium Energy, and GAC Group [1]

Core Viewpoint - The newly listed company N Tian Su has seen its stock price surge over 242%, reaching 126 yuan, which triggered a second temporary trading suspension [1] Company Overview - The company is a nationwide, comprehensive independent third-party metrology and testing service provider [1] - Its main business includes metrology calibration, testing, and certification services [1] Clientele and Industry Involvement - The company's clients span multiple sectors of the national economy, including biomedicine, automotive, new energy, rail transportation, energy and electricity, light industry and daily chemicals, and equipment manufacturing [1]

Core Viewpoint - Tian Su Measurement (301449) successfully listed on the ChiNext board, with a first-day stock price increase of 113.32%, opening at 78.5 CNY per share and achieving a total market value of 5.12 billion CNY [1] Company Overview - Tian Su Measurement is a nationwide, comprehensive independent third-party measurement and testing service provider, specializing in measurement calibration, testing, and certification services [1] - The company's initial offering price was set at 36.8 CNY per share [1]

Group 1: Company Listings - Xihua Technology (603248) was listed on the Shanghai Stock Exchange, while Tianshu Measurement (301449) and Nabai Chuan (301667) were listed on the Shenzhen Stock Exchange [1][2][3] Group 2: Xihua Technology (603248) - Xihua Technology focuses on the R&D, manufacturing, and sales of specialized components for large high-end equipment, primarily wind power gearbox components [2] - Before the issuance, Xihua Investment held 28,071.13 million shares, accounting for 77.98% of the total shares, making it the controlling shareholder [2] - The total amount raised from the issuance was 101,000.00 million, with a net amount of 92,576.57 million, intended for wind power core equipment industrialization and R&D center construction projects [2] Group 3: Tianshu Measurement (301449) - Tianshu Measurement is a nationwide independent third-party measurement and testing service provider, specializing in calibration, testing, and certification services [3] - Before the issuance, natural person shareholder Gong Tianbao held 3,390.00 million shares, representing 69.31% of the total shares, making him the controlling shareholder [3] - The total amount raised from the issuance was 60,000.00 million, with a net amount of 52,463.14 million, aimed at enhancing measurement capabilities and constructing regional laboratories and a digital center [3] Group 4: Nabai Chuan (301667) - Nabai Chuan specializes in the R&D, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [4] - Before the issuance, Chen Rongxian was the controlling shareholder, with the family collectively holding 55.58% of the shares [4] - The total amount raised from the issuance was 63,177.08 million, with a net amount of 55,555.22 million, intended for the production project of 3.6 million sets of water-cooled plates and to supplement working capital [5]

Group 1: New Stock Offerings - This week (December 8 to 12), there are five new stocks available for subscription, including one from the Shenzhen main board, one from the Shanghai main board, two from the ChiNext board, and one from the Sci-Tech Innovation board [1] - The subscription dates are as follows: Nabai Chuan and Youxun Co., Ltd. on December 8, Yuanchuang Co., Ltd. on December 9, and Tiansu Measurement and Xihua Technology on December 12 [1] Group 2: Company Highlights - Nabai Chuan focuses on thermal management systems for power batteries in electric vehicles and has become a benchmark enterprise in the domestic battery liquid cooling plate sector, benefiting from over ten years of technological accumulation [2] - Youxun Co., Ltd. is a leading enterprise in the optical communication chip sector, recognized for providing comprehensive optical communication chip solutions and has achieved significant market presence in both domestic and global markets [3][4] - Yuanchuang Co., Ltd. is a major player in the rubber track industry, offering over a thousand types of rubber track products and recognized for its technical strength and industry position [4] - Xihua Technology specializes in the research, manufacturing, and sales of components for large high-end equipment, particularly wind power gearbox components, and is a leader in the global industry [4] - Tiansu Measurement, established in 2009, is a national independent third-party measurement and testing service provider, recognized as a national high-tech enterprise and a champion in the manufacturing sector [5]

Core Viewpoint - Shenzhen Tiansu Measurement Testing Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and listing on the ChiNext board, with the issuance price set at 36.80 yuan per share and a total of 16,304,348 shares to be issued [1][2]. Issuance Details - The issuance will be conducted through a combination of strategic placement to selected investors, offline pricing for qualified investors, and online pricing for the general public [1]. - The final strategic placement quantity is 1,630,434 shares, accounting for 10.00% of the total issuance, down from an initial 15.00% [2]. - The initial offline issuance quantity is 10,516,414 shares, representing 71.67% of the total issuance after deducting the strategic placement [3]. Subscription and Payment Process - Investors must ensure that subscription funds are fully received by the deadline of December 16, 2025, or their allocation will be invalidated [4]. - The online issuance shares will have no restrictions on circulation, while offline shares will have a 6-month lock-up period for 10% of the allocated shares [5]. Allocation and Rebalancing Mechanism - If the total subscription from offline and online investors falls below 70% of the total issuance after deducting the strategic placement, the IPO will be suspended [6]. - The online issuance received a total of 49,398,743,000 shares in valid subscriptions, with an effective subscription multiple of 11,881.84 times [7]. - After the rebalancing, the final online issuance quantity is 7,092,500 shares, while the offline issuance quantity is 7,581,414 shares [8]. Lottery and Announcement - The lottery for the online subscription will take place on December 15, 2025, with results announced on December 16, 2025 [9].

Core Viewpoint - The company Tian Su Measurement has initiated its subscription process, offering a total of 16.3043 million shares at a price of 36.80 yuan per share, with an issuance price-to-earnings ratio of 21.78 times [1][2]. Group 1: Subscription Information - The total number of shares issued is 16.3043 million, with 4.1575 million shares available for online subscription [1][2]. - The subscription code for the shares is 301449, and the maximum subscription limit for a single account is 4,000 shares, with subscriptions required to be in multiples of 500 shares [1][2]. - The subscription date is set for December 12, 2025, with the announcement of the winning numbers and payment date on December 16, 2025 [2]. Group 2: Company Overview - Tian Su Measurement is a national, comprehensive, independent third-party measurement and testing service provider, specializing in measurement calibration, testing, and certification services [1]. - The company's clients span various sectors of the national economy, including biomedicine, automotive, new energy, rail transportation, energy and electricity, light industry and daily chemicals, and equipment manufacturing [1]. Group 3: Financial Indicators - The company's total assets are projected to reach 6.93 billion yuan in 2024, up from 5.60 billion yuan in 2023 and 4.65 billion yuan in 2022 [3]. - Net assets are expected to increase to 5.20 billion yuan in 2024, compared to 4.09 billion yuan in 2023 and 3.30 billion yuan in 2022 [3]. - Operating revenue is forecasted to be 8.00 billion yuan in 2024, an increase from 7.26 billion yuan in 2023 and 5.97 billion yuan in 2022 [3]. - Net profit is anticipated to rise to 1.11 billion yuan in 2024, compared to 1.01 billion yuan in 2023 and 0.84 billion yuan in 2022 [3]. - The basic earnings per share are projected to be 2.27 yuan in 2024, up from 2.07 yuan in 2023 and 1.73 yuan in 2022 [3].

Group 1 - The core viewpoint of the article is the introduction of two new stocks available for subscription on December 12, namely Xihua Technology and Tiansu Measurement [1] Group 2 - Tiansu Measurement is issuing a total of 16.3043 million shares, with 4.1575 million shares available for online subscription, at a price of 36.80 yuan per share and a price-earnings ratio of 21.78 times [1] - The company operates as a national, comprehensive independent third-party measurement and testing service provider, focusing on calibration, testing, and certification services across various sectors including biomedicine, automotive, new energy, rail transit, energy and electricity, light industry, and equipment manufacturing [1] Group 3 - Xihua Technology is issuing a total of 100 million shares, with 21 million shares available for online subscription, at a price of 10.10 yuan per share and a price-earnings ratio of 33.12 times [1] - The company specializes in the research, development, manufacturing, and sales of components for large high-end equipment [1]

Group 1 - The company Shenzhen Tiansu Measurement and Testing Co., Ltd. is a national, comprehensive independent third-party measurement and testing service provider, focusing on measurement calibration, testing, and certification services across various sectors including biomedicine, automotive, new energy, rail transportation, energy power, light industry, and equipment manufacturing [2] - As of the signing date of the prospectus, the natural person shareholder Gong Tianbao directly holds 33.90 million shares, accounting for 69.31% of the total share capital, making him the controlling shareholder [2] - The company plans to raise approximately 423.90 million yuan for projects including the enhancement of measurement and testing capabilities at its Shenzhen headquarters, the construction of regional measurement and testing laboratories, the establishment of a digital center, and to supplement working capital [2] Group 2 - Jiangsu Xihua New Energy Technology Co., Ltd. focuses on the research, development, manufacturing, and sales of specialized components for large high-end equipment, primarily wind power gearboxes and injection molding machines [6] - As of the signing date of the prospectus, Xihua Investment holds 28.07 million shares, representing 77.98% of the company, making it the controlling shareholder [6] - The company intends to raise approximately 1.4978426 billion yuan for projects including the industrialization of core wind power equipment and the construction of a research and development center [6]