Core Insights - The company aims to enhance its technical capabilities, expand its service network, and optimize operational efficiency through strategic projects funded by its upcoming IPO [1][2] - The company has established itself as a national high-tech enterprise and has received various recognitions, including being named a champion enterprise in Guangdong's manufacturing sector in 2024 [1][2] Financial Performance - The company's revenue for 2023, 2024, and the first half of 2025 is reported at 726 million, 800 million, and 409 million respectively, while the net profit attributable to the parent company is 101 million, 111 million, and 55.57 million [2] Business Development - The company focuses on industrial metrology services and has developed twelve core technologies, serving strategic emerging industries such as biomedicine and high-end equipment [2] - The company plans to leverage its metrology calibration and testing services to become a leading enterprise in the domestic metrology and testing field by enhancing its laboratory network and continuing technological innovation [2]

Company Overview - Tian Su Measurement, established in 2009, is a national, comprehensive independent third-party measurement and testing service provider, specializing in calibration, testing, and certification services [1] - The company has developed into a national high-tech enterprise and has received various accolades, including being recognized as a "single champion enterprise" in Guangdong Province's manufacturing sector [1] Financial Performance - For the period from 2023 to the first half of 2025, Tian Su Measurement reported revenues of 726 million yuan, 800 million yuan, and 409 million yuan respectively, with net profits of 101 million yuan, 111 million yuan, and 55.576 million yuan [2] - The company has shown a positive growth trend in both revenue and net profit [2] Research and Development - From 2022 to the first half of 2025, the company invested a total of 108 million yuan in research and development [2] - As of August 31, 2025, Tian Su Measurement has obtained 133 patents, including 43 invention patents, showcasing its commitment to technological innovation [2] Market Position and Client Relationships - Tian Su Measurement has established long-term partnerships with major corporations such as Shougang Group, China Railway, and State Grid, resulting in a high client retention rate and stable revenue streams [2] - The company operates 27 laboratories across the country, enabling a grid-based market layout for rapid response and efficient service [2] Industry Trends - The measurement and calibration industry has seen growth from 607 institutions in 2016 to 791 in 2023, with a compound annual growth rate of 3.85% [3] - The total revenue of calibration institutions has increased from 5.668 billion yuan in 2016 to an estimated 11.604 billion yuan in 2024, reflecting a compound annual growth rate of 9.37% [3] - The industry is experiencing a trend towards concentration, with larger institutions benefiting from opportunities for branding and internationalization [3]

原标题：本周5股齐发！光通信电芯片龙头来了 根据发行安排，本周（12月8日—12月12日），A股市场将有5只新股申购，为科创板的优迅股份、创业 板的纳百川和天溯计量、深市主板的元创股份和沪市主板的锡华科技，其中优迅股份、纳百川将于本周 一开启申购，元创股份将于周二申购，锡华科技、天溯计量将于周五申购。 资料显示，优迅股份是国内光通信电芯片领域的领军企业；纳百川深耕热管理系统领域，是国内最早布 局新能源汽车热管理的企业之一，公司是宁德时代、阳光电源等新能源设备厂商的供应商；元创股份是 国内橡胶履带领域的龙头企业；锡华科技是全球领先的大型高端装备专用部件制造商；天溯计量是一家 全国性、综合型的独立第三方计量检测服务机构。 具体来看，优迅股份发行价为51.66元/股，单一账户申购上限为4500股，顶格申购需持沪市市值4.5万 元。 招股书显示，优迅股份是国内光通信领域的"国家级制造业单项冠军企业"，专注于光通信前端收发电芯 片的研发、设计与销售。光通信电芯片是光通信光电协同系统的"神经中枢"。作为光模组的关键元器 件，光通信电芯片承担着对光通信电信号进行放大、驱动、重定时以及处理复杂数字信号的重要任务， 其性能直接 ...

Core Viewpoint - Shenzhen Tian Su Measurement Testing Co., Ltd. has received approval for its initial public offering (IPO) of A-shares on the ChiNext board, with a total issuance of 16,304,348 shares at a price of RMB 36.80 per share [1][2]. Group 1: Issuance Details - The IPO will be conducted through a combination of strategic placement, offline issuance to qualified investors, and online issuance to the public [1]. - The initial strategic placement was set at 2,445,651 shares, accounting for 15% of the total issuance, with the final strategic placement adjusted to 1,630,434 shares, representing 10% of the total [2][3]. - The final allocation after the strategic placement resulted in 7,581,414 shares for offline issuance and 7,092,500 shares for online issuance, with a final online subscription rate of 0.0144% [3]. Group 2: Subscription and Payment - The subscription and payment for the new shares concluded on December 16, 2025, with strategic placement investors fulfilling their payment obligations [4][5]. - The total number of shares subscribed by offline investors was 7,580,500, with a total payment amounting to RMB 278,962,400 [10]. Group 3: Underwriting and Fees - The total issuance costs amounted to RMB 75.3686 million, including underwriting fees of RMB 60 million and other associated costs [12]. - The underwriting firm, China Merchants Securities, will underwrite all shares that were not subscribed by investors, totaling 52,370 shares [9][11].

12月16日新股申购 (共1) 江天科技(北交所,920 | 申购代码 | 920121 | | --- | --- | | 发行价格 | 21.21元 顶格 | | 总市值 | 11.21亿 | | 发行市盈率 | 14.5 行业 | | 同业可比公司 | 劲嘉股份 同业公司 | | | 新宏泽 动态市盈率 | | | 天元股份 | | 主营构成 | 薄膜类不干胶标签： 79.58%； | | | 纸张类不干胶标签：14.75%; | | | 其他印刷产品: 5.38%; | | | 其他：0.29% | | | 1、核心业务是为中高端消费品品牌提供标签一体 | | | جج بال داء آل آن آن آن آن آن آهي 白 . . 十 十 十 十 十 . . . 一 . 一 . 一 . 一 . 十 上 上 | | | 尖科维筑尖个十胶亦立;各户汹盖长大山泉、联 | | --- | --- | | 业务及亮点 | 牌，2024年前五大客户销售额占比 58.09%。 | | | 2、公司在日化、食品饮料、防伪标签等细分领域 | | | 签市场占有率国内第2。 | | | 近三年归母 5.38亿元 ...

| 配售对象 | 有效申购股 数(万股) | | 12 2019 | | 各类投资者配 | | --- | --- | --- | --- | --- | --- | | A 类投资者 | 2.289.920 | 65.98% | 5.333.651 | 70.35% | 0.02329187% | | B 类型容者 | 1.180.580 | 34.02% | 2.247.763 | 29.65% | 0.01903948% | | 2217 | 3,470,500 | 100.0% | 7.581.414 | 100.00% | | | 25084 115 80 | | 庆配股数(股) | 获配金额(元) | | 限售期 | | | | 1.630.434 | 59.999.971.20 | | 12个月 | 特别提示 深圳天溯计量检测股份有限公司(以下简称"天溯计量"、"发行人"或"公司")首次公开发行人民币普通股 (A股)并在创业板上市(以下简称"本次发行")的申请已经深圳证券交易所(以下简称"深交所")上市委会议 审议通过,并已获中国证券监督管理委员会同意注册(证监许可〔2025〕2424号)。 本 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 保荐人（主承销商）：招商证券股份有限公司 特别提示 深圳天溯计量检测股份有限公司（以下简称"天溯计量"或"发行人"）首次公开发行股票并在创业板上市 （以下简称"本次发行"）的申请已经深圳证券交易所（以下简称"深交所"）上市审核委员会审议通过， 并已获中国证券监督管理委员会同意注册（证监许可〔2025〕2424号）。 敬请投资者重点关注本次发行的缴款环节，并于2025年12月16日（T+2日）及时履行缴款义务，具体内 容如下： ■ 凡参与本次网上定价发行的投资者持有的申购配号尾数与上述号码相同的，则为中签号码。中签号码共 有14,185个，每个中签号码只能认购500股天溯计量A股股票。 发行人：深圳天溯计量检测股份有限公司 网上投资者放弃认购部分的股份由保荐人（主承销商）招商证券股份有限公司（以下简称"招商证 券"或"保荐人（主承销商）"）包销。 2、当出现网下和网上投资者缴款认购的股份数量合计不足扣除最终战略配售数量后本次公开发行数量 的70%时，发行人和保荐人（主承销商）将中止本次新股发行，并就中止发行的原因和后续安排进行信 息披露。 3、本次公开发行的股票 ...

Core Viewpoint - The company Shenzhen Tiansu Measurement and Testing Co., Ltd. successfully held an online roadshow for its initial public offering (IPO) on the ChiNext board on December 11, 2025, showcasing its growth and regional presence in the measurement and testing industry [1] Group 1 - The company has established grid-based measurement calibration and testing laboratories in multiple regions, including Guangdong, Guangxi, Yunnan, Hunan, Hubei, Jiangsu, Henan, Shanxi, Shaanxi, and Xinjiang [1] - The company has received recognition from the China National Accreditation Service for Conformity Assessment (CNAS) and the Certification and Accreditation Administration of the People's Republic of China (CMA) for its laboratories [1] - The Hainan Tianzhong Laboratory has obtained legal measurement verification authority, while the subsidiary Tiansu International has received approval from the National Certification and Accreditation Administration (CNCA) [1]

Core Viewpoint - Shenzhen Tiansu Measurement and Testing Co., Ltd. has initiated its subscription with an issue price of 36.80 yuan per share, corresponding to a price-to-earnings ratio of 21.78 times, which is lower than the industry average static P/E ratio of 35.72 times over the past month [1]. Group 1: Subscription Details - The underwriter, China Merchants Securities, received preliminary inquiry pricing information from 297 offline investors managing 8,430 allocation objects, with a price range of 33.00 yuan/share to 39.53 yuan/share [1]. - The highest bid of 39.53 yuan/share from two products managed by Zhongtian Securities was excluded, as was the lowest bid of 33.00 yuan/share from a product managed by Nanjing Jingheng Investment Management Co., Ltd. [2]. - After excluding invalid bids and the highest bids, the remaining price range for subscription is 33.00 yuan/share to 38.41 yuan/share, with a total subscription volume of 389.84 billion shares, resulting in a subscription multiple of 3,706.99 times the initial offline issuance scale [3]. Group 2: Company Financials - Tiansu Measurement is an independent third-party measurement and testing service provider, specializing in calibration, testing, and certification services across various sectors, including biomedicine, automotive, new energy, rail transportation, energy power, light industry, and equipment manufacturing [3]. - The projected operating revenues for Tiansu Measurement from 2022 to the first half of 2025 are 597 million yuan, 726 million yuan, 800 million yuan, and 409 million yuan, respectively, with corresponding net profits of 84 million yuan, 101 million yuan, 111 million yuan, and 56 million yuan [3]. - As per the prospectus, Tiansu Measurement plans to raise approximately 424 million yuan, with the total funds raised from this issuance expected to be around 600 million yuan, exceeding the original plan by approximately 176 million yuan [4].

Core Viewpoint - Shenzhen Tiansu Measurement Testing Co., Ltd. (Tiansu Measurement) is set to go public on the ChiNext board with an IPO price of 36.80 yuan per share, aiming to raise approximately 600 million yuan in total, with a net fundraising amount of about 525 million yuan [3]. Group 1: IPO Details - The IPO will be available for subscription on December 12, 2025, and the company plans to list on the Shenzhen Stock Exchange's ChiNext board [1]. - Tiansu Measurement will issue 16,304,348 shares, accounting for 25% of the total share capital post-IPO [3]. - The funds raised will be allocated to projects including enhancing measurement testing capabilities at the Shenzhen headquarters, establishing regional measurement testing laboratories, building a digital center, and supplementing working capital [4]. Group 2: Financial Performance - Tiansu Measurement's revenue for the years 2022, 2023, 2024, and the first half of 2025 is approximately 597 million yuan, 726 million yuan, 800 million yuan, and 409 million yuan respectively [4]. - The net profit for the same periods is approximately 84.39 million yuan, 101 million yuan, 111 million yuan, and 55.58 million yuan [4]. - The company expects its revenue for 2025 to be between 865 million yuan and 900 million yuan, representing a year-on-year growth of 8.11% to 12.48% [5]. Group 3: Company Background - Tiansu Measurement was established in 2009 with a registered capital of 10 million yuan, and it has since transformed into a joint-stock company [6]. - The main shareholders include Gong Tianbao, who holds 69.31% of the shares, and Shenzhen Tiansu Measurement Management Center (Limited Partnership) [7]. - The company specializes in measurement calibration, testing, and certification services across various sectors, including biomedicine, automotive, new energy, and rail transportation [4].