对外投资管理制度 （2025 年 8 月修订） 第一章 总则 许昌开普检测研究院股份有限公司 第一条 为了规范许昌开普检测研究院股份有限公司（以下简称"公司"或 "本公司"）对外投资行为，防范投资风险，提高对外投资效益，根据《中华人 民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》，参 照《深圳证券交易所股票上市规则》（以下简称《上市规则》）等法律法规的 相关规定和《许昌开普检测研究院股份有限公司章程》（以下简称《公司章 程》），制定本制度。 第二条 本制度所称对外投资，是指公司在境内外进行的下列以盈利或保 值增值为目的的投资行为： （一）向其他企业投资，包括单独设立或与他人共同设立企业、对其他企 业增资、受让其他企业股权等权益性投资； （二）购买交易性金融资产和可供出售的金融资产、向他人提供借款（含 委托贷款）、委托理财等财务性投资； （三）其他投资。 第三条 公司对外投资行为必须符合国家有关法规及产业政策，符合公司 发展战略，有利于增强公司竞争能力，有利于合理配置企业资源，创造良好经 济效益，促进公司可持续发展。 第二章 对外投资决策权限 第四条 公司应指定专门机构，负责对公司重大投资项目 ...

人民财讯8月10日电，开普检测（003008）8月10日晚间披露2025年半年度报告，上半年实现营业收入 1.11亿元，同比增长3.23%；归母净利润4078.98万元，同比增长3.73%；基本每股收益0.39元。公司拟向 全体股东每10股派发现金红利3元(含税)。 ...

（文章来源：每日经济新闻） 开普检测8月10日晚间发布半年度业绩报告称，2025年上半年营业收入约1.11亿元，同比增加3.23%；归 属于上市公司股东的净利润约4079万元，同比增加3.73%；基本每股收益0.39元，同比增加2.63%。 ...

Group 1 - The company, Steel Research Nake, primarily engages in metal material testing services, including capabilities related to aerospace materials [2] - The company undertakes material testing tasks in significant aerospace projects [2] - Some of the analytical instruments, such as spectrometers and mass spectrometers, are applicable for aerospace material testing [2]

残余应力是指产生应力因素消失 ( 如：载荷去除、加工终止、温度均匀、相变完成等 ) ，但形变、体积变化仍不均匀，为保持平衡而在 构件内部存留应力。残余应力是构件力学性能最主要的影响因素之一，如拉伸残余应力会降低拉伸屈服极限、提高压缩屈服极限，压缩 残余应力正好相反 ; 宏观残余应力会产生形变、并影响疲劳寿命，微观残余应力导致组织内产生微裂纹发生脆性破坏。在服役过程中， 残余应力与工作应力叠加容易产生二次变形和应力重新分布，产生变形、开裂、耐腐蚀性能及构件整体稳定性下降，如当交变荷载工作 时区域应力达到屈服点时会产生局部塑性变形 ; 高温工作条件下产生高温蠕变开裂 ; 腐蚀环境下产生应力腐蚀开裂。 残余应力测量是通过实验测试方法了解构件残余应力分布的技术，尤其适用于复杂构件。主要分为有损测试法（如钻孔法、切槽法）和 无损测试法，其中钻孔法应用广泛，通过应力释放原理测量应力。 中国市场规模现状及未来趋势 残余应力是零件表面完整性质量的关键评价指标，直接影响着零件的开裂失效、加工变形和尺寸稳定性。通过残余应力检测和量化分 析，能够对加工工艺评估和工艺优化提供量化依据，能够实现零部件变形及失效问题分析和针对性解决，实 ...

Group 1: New Stock Issuance and Performance - In July 2025, the North Exchange issued 2 new stocks, raising a total of 492 million yuan, with a cumulative issuance of 7 stocks and a total fundraising of 2.485 billion yuan from January to July 2025[5] - The first-day price increase for Dingjia Precision was 459.51%, with a theoretical subscription yield of +0.138%[3] - The cumulative yield for new stock subscriptions in 2024 was +3.99%, while for January to July 2025, it was +0.86%[3] Group 2: Subscription Trends and Market Dynamics - The median first-day price-to-earnings ratio (PEttm) for new stocks in July 2025 was 12x, up 90% from the previous month[5] - The median amount of frozen funds for new stock subscriptions was 621.68 billion yuan, an increase of 12.51% month-on-month, with a median online winning rate of 0.04%[5] - The number of effective subscription accounts for Dingjia Precision reached 659,600, a 14.24% increase from the previous issuance[5] Group 3: Future Projections and Risks - The forecast for new stock issuance in 2025 is set at 30 stocks, assuming a steady pace of one issuance per week[5] - The expected first-day price increase for new stocks is projected at 300%, with a neutral expectation for the online winning rate at 0.038%[5] - Risks include slower-than-expected issuance speed, lower-than-expected price increases, and potential macroeconomic downturns[5]

Investment Rating - The report indicates a stable growth phase for the testing industry, with a revenue forecast of 487.6 billion yuan for 2024, reflecting a year-on-year increase of 4.4% [6][20]. Core Insights - The testing industry is entering a phase of steady growth, with a compound annual growth rate (CAGR) of approximately 6.0% from 2022 to 2024, following a significant slowdown in growth due to various economic pressures [6][20]. - The number of testing institutions is projected to decline for the first time in nearly 20 years, suggesting a potential turning point in the competitive landscape [6][21]. - The focus of demand is shifting towards technology, manufacturing, high-end consumer goods, biomedicine, and software information testing, indicating a structural transformation in the industry [7][29]. Summary by Sections Space - The total revenue for national testing institutions is expected to reach 487.6 billion yuan in 2024, with a year-on-year growth of 4.4%, down from 9.2% in 2023 [6][20]. - The industry has experienced a significant slowdown in growth due to pressures in traditional sectors like environmental and food testing, as well as real estate [6][20]. Field - The revenue share of ten advanced industries in testing services has increased from 21.4% to 26.3% from 2017 to 2024, while traditional industries have seen a slight decline [7][29]. Structure - By the end of 2024, private testing institutions are expected to number 33,900, accounting for 63.9% of the total, with a compound annual growth rate of 14.2% over the past decade [10][29]. Efficiency - The per capita output value in the testing service industry is projected to rise to 313,000 yuan in 2024, reflecting a year-on-year increase of 4.1% [9][29]. Investment Recommendations - The report recommends focusing on comprehensive testing leaders with clear internal operational turning points, particularly in high-end manufacturing and technology research testing [11][29]. - Companies to watch include Su Shi Testing, Huace Testing, and Xince Standards, among others, which are positioned to benefit from demand recovery and operational improvements [11][29].

Group 1 - In July, a total of 7 new stocks were listed, indicating a decrease in market activity, with only 41.46% of stocks showing positive growth compared to 71.74% previously [1][9][30] - The Science and Technology Innovation Board (STAR Market) saw the listing of Yitang Co., which had a first-day increase of 210.06% and an opening valuation of 51.55 times [1][14] - The ChiNext Board had listings of Tongyu New Materials and Shanda Electric Power, with Xinhenghui recording a monthly increase of over 10%, while Shanda Electric Power saw a decline of over 20% [1][22] - The Shanghai and Shenzhen main boards had listings including Xintong Electronics and Huadian New Energy, with Jiangnan New Materials increasing over 10%, while Xintong Electronics and others saw declines exceeding 20% [1][30] Group 2 - The STAR Market's first-day opening valuation for new stocks increased to 117.99 times in July, up from 73.70 times in June [16][19] - The ChiNext Board's first-day opening valuation rose to 80.75 times in July, compared to 45.24 times in June [22][25] - The main boards' first-day opening valuation increased to 59.47 times in July, up from 28.90 times in June [32][35] Group 3 - The report highlights key new stocks that have been listed since January 2023, including Yitang Co. and Yingshi Innovation, which are involved in semiconductor equipment and panoramic cameras, respectively [42][43] - Yitang Co. holds a significant market share in the dry etching equipment sector, with a 34.60% global market share, ranking second [47] - Yingshi Innovation leads the consumer-grade panoramic camera market with a 67.2% market share, indicating strong competitive positioning [51]

Group 1 - The core point of the article is that Shenzhen Meixin Testing Technology Co., Ltd. plans to establish a wholly-owned subsidiary, Xi'an Meixin Material Analysis Co., Ltd., to enhance market expansion and overall competitiveness [1] - The registered capital for the new subsidiary is set at 5 million yuan [1] - The main business of the company includes testing, analysis, and technical consulting for various materials and products [1]

Core Insights - The materials testing industry is crucial in the application of new materials, with significant growth driven by the demand from strategic sectors like new energy and semiconductors in China [1][6] - The global materials testing market is projected to reach $6.8 billion in 2024, with China's market expected to grow to 13 billion yuan, and further growth anticipated in 2025 [4][6] Industry Definition - The materials testing industry involves the examination, analysis, and evaluation of various materials' composition, performance, structure, safety, reliability, and environmental impact [2] - It covers a wide range of materials including metals, non-metals, polymers, composites, and biomaterials, serving multiple sectors such as industrial manufacturing, construction, aerospace, automotive, electronics, new energy, and medical devices [2] Current Development Status - The demand for materials testing is primarily focused on the quality, performance, and safety of construction materials, with significant growth attributed to advancements in testing technology and increased emphasis on product quality and safety [4] - The global materials testing market is expected to grow to $7.1 billion by 2025, with specific sectors like rail transportation and aerospace projected to see substantial increases in testing demand [4] Industry Value Chain - The upstream of the materials testing industry includes instruments, consumables, standards, data and software, and talent, with a reliance on imported high-end testing equipment [8] - The downstream includes diverse demand for testing services across various industries, particularly emerging sectors like new energy and semiconductors, which drive technological upgrades in testing [8] Competitive Landscape - The materials testing service market features a multi-tiered and differentiated competitive structure, with both international giants and local firms competing [12] - Key domestic players include Huace Testing, China Certification & Inspection Group, and PONY Testing, while international competitors include SGS, BV, and Intertek [12][13] Industry Development Trends - The materials testing industry is evolving towards smart and digital solutions, sustainability, and increased localization, driven by advancements in new materials technology and global quality standards [14]