标的主要从事检验检测业务，拥有材料分析、可靠性、物理、化学、日化等实验室，为客户提供表面分 析、性能测试、可靠性和失效分析、环保和化学测试等分析测试服务的能力。主要面向战略性新兴产业 和未来产业，提供系统化、定制化、线上线下多维度的一站式综合解决方案，是集概念验证、中小试研 发、检测认证、技术咨询、技贸研究、科技成果转化等为一体的公共技术服务平台。 格隆汇12月8日丨深赛格(000058.SZ)公布，围绕公司整体战略，为实现检验检测认证业务的布局优化， 持续拓展新业务领域和市场，为客户提供更加全面、专业、高效的检验检测认证服务，持续提升市场竞 争力和可持续发展能力，推动检验检测认证业务稳健增长。公司拟以自有资金9,752.40万元购买丽星科 技全资子公司八六三81%的股权。本次交易完成后，八六三将成为公司控股子公司并纳入公司合并报表 范围。 ...

人民财讯12月8日电，深赛格（000058）12月8日公告，公司拟以自有资金9752.4万元购买丽星科技全资 子公司深圳市八六三新材料技术有限责任公司(简称"八六三")81%的股权。标的主要从事检验检测业 务，拥有材料分析、可靠性、物理、化学、日化等实验室，为客户提供表面分析、性能测试、可靠性和 失效分析、环保和化学测试等分析测试服务的能力。 ...

Core Viewpoint - The company is focused on enhancing operational efficiency and profitability while managing its market value in compliance with regulations [1] Group 1 - The company continues to concentrate on its core business responsibilities [1] - The company is committed to improving operational efficiency and profitability [1] - The company will disclose any future share repurchase plans in accordance with information disclosure rules [1]

http://www.huajinsc.cn/ 1/12 请务必阅读正文之后的免责条款部分 2025 年 12 月 07 日 公司研究●证券研究报告 天溯计量（301449.SZ） 新股覆盖研究 投资要点 下周二（12 月 9 日）有一家创业板上市公司"天溯计量"询价。 | 交易数据 | | | --- | --- | | 总市值（百万元） | | | 流通市值（百万元） | | | 总股本（百万股） | 48.91 | | 流通股本（百万股） | | | 个月价格区间 12 | / | | 分析师 | 李蕙 | | SAC | 执业证书编号：S0910519100001 | | 报告联系人 | lihui1@huajinsc.cn 戴筝筝 | | | daizhengzheng@huajinsc.cn | 相关报告 华金证券-新股-新股专题覆盖报告（优迅股 份）-2025 年 99 期-总第 625 期 2025.12.2 华金证券-新股-新股专题覆盖报告（沐曦股 份）-2025 年 98 期-总第 624 期 2025.12.1 华金证券-新股-新股专题覆盖报告（昂瑞微） -2025 年 97 期-总第 ...

Group 1: Company Overview and Strategic Focus - The company is committed to supporting national development strategies, focusing on cutting-edge technological innovation to enhance quality in key industries [3] - It aims to establish itself as a leading technical service benchmark in the industry, particularly in aerospace and satellite internet sectors during the 14th Five-Year Plan [3][6] Group 2: Commercial Aerospace Initiatives - The company has been providing testing services for critical technologies and applications in satellite communication, having completed numerous tests for aerospace equipment [3][4] - It has established a "Tianxing Institute" and developed eight technical platforms to cover the entire lifecycle of satellite design, manufacturing, testing, and certification [5][6] Group 3: Future Development Plans - The company plans to invest CNY 344 million in building a satellite internet quality assurance platform to enhance service capabilities [5] - It aims to become the most comprehensive third-party testing institution in the satellite internet sector, focusing on high-quality development [5][6] Group 4: Market Position and Competitive Advantage - The company has established core competitive advantages in technology innovation, service capability, brand reputation, and quality control in sectors like special equipment and new energy vehicles [7] - It adheres to principles of industry focus, technological innovation, quality assurance, and risk management to build a sustainable business ecosystem [7]

Core Viewpoint - The company, Zhongji Renjian (301508), has confirmed its capability to conduct testing for electric bicycles in accordance with the new national standards, indicating a strong position in the market for electric vehicle safety and compliance testing [1] Group 1: Company Capabilities - The company possesses the testing qualifications and capabilities for electric bicycles under the new national standards [1] - It can perform type tests and supervision inspections for electric bicycles, covering the entire vehicle as well as components such as batteries, chargers, lights, and frames [1] - The company is also equipped to conduct tests related to electrical system safety and Beidou communication functionalities [1]

Core Viewpoint - The article highlights serious allegations against Henan Zhongce Testing Service Co., Ltd. regarding the issuance of false testing reports, including sample substitution and data forgery, which raises significant concerns about food safety and regulatory compliance in the industry [1][3][6]. Group 1: Allegations of Fraud - A former laboratory head reported that the company routinely provided false testing reports, including substituting samples and altering data to meet management demands [1][3]. - Specific instances were cited where samples sent for testing were not as reported, such as sending tomatoes and cucumbers instead of the requested aquatic products [4][6]. - Employees have allegedly been pressured to produce compliant reports despite the lack of actual testing, leading to the issuance of fraudulent documents [3][4]. Group 2: Regulatory Response - The local market supervision department has initiated an investigation into the allegations, with the company stating it will cooperate with the inquiry [1][5]. - The regulatory body has emphasized the importance of accountability for testing institutions, which are subject to civil, administrative, and criminal liabilities for issuing false reports [7]. - Recent regulatory efforts have intensified to combat fraudulent practices in testing institutions, with severe penalties for those found guilty of issuing false reports, especially in critical areas like food safety [7]. Group 3: Company Background - Henan Zhongce was established in 2015 and has been involved in various testing services, primarily for food safety, with a significant number of contracts awarded by local market supervision departments [6]. - The company has faced scrutiny due to its history of winning numerous bids for food safety supervision projects, raising questions about its operational integrity [6].

Group 1 - Guangdong Province has introduced a financial support plan for enterprises to conduct industrial chain integration and mergers, aiming to enhance the quality of listed companies and facilitate the integration of state-owned enterprises with quality resources [1] - The State-owned Assets Supervision and Administration Commission (SASAC) held a meeting to promote the professional integration of central enterprises, resulting in the signing of key projects involving 17 units across 8 groups in critical sectors such as new materials, artificial intelligence, cruise operations, inspection and testing, and air logistics [1][4] Group 2 - Professional integration refers to enterprises breaking boundaries through asset restructuring, equity cooperation, asset replacement, non-compensatory transfer, and strategic alliances, concentrating resources towards advantageous and core enterprises [4] - Since 2024, central enterprises have been adjusting their stock and optimizing their increment to align with national strategies, promote technological innovation, and enhance high-quality development through a series of integrations, thereby optimizing industrial layout and improving resource allocation efficiency [4]

Core Insights - The company reported a 5.8% like-for-like revenue growth in its two highest margin divisions, Consumer Products and Corporate Assurance, during the July-October period despite a challenging comparison to the previous year [3] - There was an improvement in trading momentum in the Industry & Infrastructure sector, particularly in Minerals and Building and Construction [3] - The Transportation Technology division experienced a significant decline, with double-digit negative like-for-like revenue growth attributed to restructuring in the automotive sector during Q3 [3] Summary by Category Revenue Growth - The company achieved a 5.8% like-for-like revenue growth in Consumer Products and Corporate Assurance [3] Sector Performance - Industry & Infrastructure showed strong acceleration in Minerals and a good pickup in Building and Construction [3] - Transportation Technology faced challenges, resulting in double-digit negative like-for-like revenue growth [3] Investment Strategy - The company continues to invest in growth initiatives [4]

Core Points - The market regulatory authorities are intensifying efforts to combat fraudulent practices in the inspection and testing industry to protect consumer rights and maintain industry credibility [1] Group 1: Regulatory Actions - Regulatory bodies have revoked inspection and testing qualifications from several institutions involved in serious violations, including issuing false reports and obtaining qualifications through deceitful means [1] - Specific cases highlighted include companies such as Zunyi Shunchangjie Motor Vehicle Testing Co., Ltd. and Chengdu Youde Motor Vehicle Testing Co., Ltd., which issued false vehicle inspection reports [1] Group 2: Case Studies - Zhongshoujian (Shenzhen) Jewelry Testing Co., Ltd. was found to have issued 3,100 false certification documents for precious metal products without actual testing, leading to a fine of 100,000 yuan and the cancellation of its testing qualifications [2] - Yulin Tianxiong Automobile Testing Co., Ltd. obtained its testing qualifications through forged documents and false materials, resulting in the revocation of its certification by the Guangxi Zhuang Autonomous Region market regulatory authority [3]