责任编辑：小浪快报 资料显示，深圳天溯计量检测股份有限公司位于广东省深圳市龙岗区宝龙街道宝龙社区锦龙大道2号精 锭科技工业厂区1号楼1层-6层、4号楼1层-5层，成立日期2009年6月17日，上市日期2025年12月23日， 公司主营业务涉及计量校准、检测、认证等专业技术服务,客户涉及生物医药、汽车、新能源、轨道交 通、能源电力、轻工日化、装备制造等国民经济多个领域。主营业务收入构成为：计量校准服务 83.63%，检测服务16.23%，认证服务0.14%。 截至12月23日，天溯计量股东户数2.02万，较上期增加201920.00%；人均流通股688股，较上期增加 0.00%。2025年1月-9月，天溯计量实现营业收入6.48亿元，同比增长12.12%；归母净利润9298.51万元， 同比增长11.62%。 1月5日，天溯计量跌2.29%，成交额3.81亿元。两融数据显示，当日天溯计量获融资买入额2936.36万 元，融资偿还1933.41万元，融资净买入1002.94万元。截至1月5日，天溯计量融资融券余额合计5456.79 万元。 融资方面，天溯计量当日融资买入2936.36万元。当前融资余额5456.7 ...

截至12月23日，天溯计量股东户数2.02万，较上期增加201920.00%；人均流通股688股，较上期增加 0.00%。2025年1月-9月，天溯计量实现营业收入6.48亿元，同比增长12.12%；归母净利润9298.51万元， 同比增长11.62%。 责任编辑：小浪快报 融券方面，天溯计量12月24日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元。 资料显示，深圳天溯计量检测股份有限公司位于广东省深圳市龙岗区宝龙街道宝龙社区锦龙大道2号精 锭科技工业厂区1号楼1层-6层、4号楼1层-5层，成立日期2009年6月17日，上市日期2025年12月23日， 公司主营业务涉及计量校准、检测、认证等专业技术服务,客户涉及生物医药、汽车、新能源、轨道交 通、能源电力、轻工日化、装备制造等国民经济多个领域。主营业务收入构成为：计量校准服务 83.63%，检测服务16.23%，认证服务0.14%。 12月24日，天溯计量跌24.93%，成交额6.02亿元。两融数据显示，当日天溯计量获融资买入额3048.79 万元，融资偿还2364.22万元，融资净买 ...

公司主营业务为计量校准、检测、认证等专业技术服务。 统计显示，公司本次发行总量为1630.43万股，其中，网上发行量为709.25万股，发行价格为36.80元/ 股，发行市盈率21.78倍，行业平均市盈率35.72倍，网上发行最终中签率为0.0143576528%。公司首发 募资金额为6.00亿元，募资主要投向区域计量检测实验室建设项目、深圳总部计量检测能力提升项目、 补充流动资金、数字化中心建设项目等。（数据宝） 今日上市新股表现 （文章来源：证券时报网） N天溯(301449)今日上市，开盘上涨113.32%，截至收盘涨幅扩大至174.48%，全天成交量1179.65万股， 成交额10.19亿元，换手率84.79%。 证券时报·数据宝统计显示，今日共有3只新股上市，截至收盘，N纳百川涨408.17%，换手率86.16%；N 锡华涨264.46%，换手率80.28%；N天溯涨174.48%，换手率84.79%。 | 代码 | 简称 | 最新价（元） | 收盘涨跌幅（%） | 首日换手率（%） | | --- | --- | --- | --- | --- | | 301667 | N纳百川 | 115.00 ...

N天溯(301449)今日上市，开盘上涨113.32%，截至上午收盘涨幅扩大至120.65%，半日成交量830.90万 股，成交额6.80亿元，换手率59.72%。 证券时报·数据宝统计显示，今日共有3只新股上市，截至上午收盘，N纳百川涨215.86%，换手率 63.59%；N锡华涨146.04%，换手率50.22%；N天溯涨120.65%，换手率59.72%。 公司主营业务为计量校准、检测、认证等专业技术服务。 统计显示，公司本次发行总量为1630.43万股，其中，网上发行量为709.25万股，发行价格为36.80元/ 股，发行市盈率21.78倍，行业平均市盈率35.72倍，网上发行最终中签率为0.0143576528%。公司首发 募资金额为6.00亿元，募资主要投向区域计量检测实验室建设项目、深圳总部计量检测能力提升项目、 补充流动资金、数字化中心建设项目等。（数据宝） （文章来源：证券时报网） 今日上市新股表现 | 代码 | 简称 | 最新价（元） | 上午收盘涨跌幅（%） | 半日换手率（%） | | --- | --- | --- | --- | --- | | 301667 | N纳百川 | 71 ...

Core Insights - VerifyMe, Inc. (NASDAQ:VRME) specializes in authentication and anti-counterfeiting solutions, facing challenges in capital efficiency as indicated by its negative Return on Invested Capital (ROIC) of -14.96% compared to a Weighted Average Cost of Capital (WACC) of 5.86% [1][2][6] Financial Performance - VRME's negative ROIC suggests inefficiencies in capital utilization, indicating that the company is not generating sufficient returns to cover its cost of capital [2][6] - In comparison, Oblong, Inc. (OBLG) has a significantly worse ROIC of -114.45% against a WACC of 18.35%, resulting in a ROIC to WACC ratio of -6.24, highlighting severe capital efficiency issues [3] - Usio, Inc. (USIO) also shows a negative ROIC of -86.25% with a WACC of 9.66%, leading to a ratio of -8.93, further indicating poor capital utilization [3] Peer Comparison - Wilhelmina International, Inc. (WHLM) stands out with a positive ROIC of 1.12% and a WACC of 6.94%, resulting in a ROIC to WACC ratio of 0.16, making it more attractive to investors focused on capital efficiency [4][6] - SilverSun Technologies, Inc. (SSNT) and MediaCo Holding Inc. (MDIA) also report negative ROICs of -1.29% and -6.53%, respectively, with WACCs of 14.77% and 6.61%, indicating similar inefficiencies in capital utilization as VRME [5][6]

Market Overview - The three major stock indices in Shanghai and Shenzhen opened lower on November 3, with the Shenzhen Component Index dropping as much as 1.64% and the ChiNext Index down 2.09% at one point. However, the Shanghai Composite Index turned positive during the morning session, while both the Shenzhen Component and ChiNext indices rebounded in the afternoon [1] - By the end of the trading day, the Shanghai Composite Index closed at 3976.52 points, up 0.55%, with a trading volume of approximately 941.7 billion yuan. The Shenzhen Component Index closed at 13404.06 points, up 0.19%, with a trading volume of about 1165.4 billion yuan. The ChiNext Index ended at 3196.87 points, up 0.29%, with a trading volume of around 540.4 billion yuan [1] Sector Performance - The sectors that performed well included dispersed dyes, Hainan, internet, media and entertainment, short drama games, combustible ice, Sora concept, steel, shipbuilding, TOPCon batteries, marine economy, and nuclear power, all showing significant increases [1] - Conversely, sectors such as composite copper foil, rare earth permanent magnets, and engineering machinery experienced notable declines, although their losses narrowed in the afternoon as the indices rebounded [1] Institutional Insights - According to institutional views, the market is expected to maintain an upward trend, with a focus on high-growth sectors such as semiconductors, consumer electronics, artificial intelligence, robotics, and low-altitude economy [2] - The return of the A-share market to the 4000-point level is attributed to fundamental changes in the economy, including low risk-free interest rates and significant shifts in top-level design and planning that have altered the market ecosystem [2] Policy Developments - The People's Bank of China and the Bank of Korea have renewed a bilateral currency swap agreement with a scale of 400 billion yuan / 70 trillion won, effective for five years, which aims to deepen financial cooperation and facilitate bilateral trade [4] - The Ministry of Industry and Information Technology and the Ministry of Water Resources have issued a plan to cultivate leading enterprises in water-saving equipment and specialized "little giant" companies by 2027, focusing on breakthroughs in water supply, usage, and recycling technologies [5]

Core Viewpoint - Shenzhen Tiansu Measurement and Testing Co., Ltd. has established itself as a leading third-party measurement calibration service provider in China, focusing on quality assurance across various industries, particularly in the rapidly growing new energy sector [1][3][6]. Group 1: Company Overview - Founded in 2009, the company has become a national high-tech enterprise and a model platform for service-oriented manufacturing, emphasizing its mission to ensure quality traceability [1]. - The company operates in key sectors of the national economy, including biomedicine, automotive, new energy, rail transportation, and power generation, providing a comprehensive service capability in measurement calibration, testing, and certification [1][3]. Group 2: Industry Standards and Contributions - The company has led the development of 16 national standards, 4 industry standards, and 9 measurement technical specifications, filling gaps in strategic emerging industry standards [3]. - It has established a robust network of laboratories across various provinces, enhancing service efficiency and reducing logistics costs for clients [8]. Group 3: Financial Performance - From 2022 to 2024, the company's revenue is projected to grow from 597.20 million yuan to 800.12 million yuan, with a compound annual growth rate (CAGR) of 15.75% [6]. - The net profit attributable to shareholders is expected to rise from 84.39 million yuan to 111.06 million yuan during the same period, indicating a strong upward trend [6]. Group 4: Growth Drivers - The new energy battery testing business has emerged as a core growth engine, with revenue expected to increase from 52.54 million yuan to 113.14 million yuan, achieving a CAGR of 46.75% [6]. - The demand for lithium batteries in China has surged, with shipments projected to grow from 81 GWh in 2017 to 1,175 GWh by 2024, reflecting a CAGR of 46.53% [7]. Group 5: Innovation and Future Plans - The company has invested significantly in research and development, holding 133 patents and 97 software copyrights, and has participated in the formulation of 78 standards [9]. - Future plans include expanding into smart measurement and online measurement technologies, as well as enhancing capabilities in new energy battery testing and energy storage sectors [9].

Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. is preparing for its IPO on the ChiNext board, with a focus on measurement calibration, testing, and certification services across various sectors, including biomedicine, automotive, and renewable energy. The company aims to raise 420 million yuan, but faces scrutiny over its financial practices and governance structure [1][8]. Group 1: Company Overview - Tian Su Measurement's main business includes measurement calibration, testing, and certification services, serving clients in multiple sectors of the national economy [1]. - The actual controller holds nearly 86% of the voting rights, with significant roles as both chairman and general manager [2][3]. - The company has a low asset-liability ratio of approximately 21% and no short-term or long-term loans, indicating sufficient funds [1][10]. Group 2: Financial Performance - The company plans to raise 420 million yuan through its IPO, with 90 million yuan allocated for working capital and over 24 million yuan distributed as dividends in the past [8][10]. - Revenue has shown steady growth, with figures of 597 million yuan, 726 million yuan, and 800 million yuan over the past three years, alongside increasing net profits [18]. - Accounts receivable have risen significantly, from 129 million yuan to 259 million yuan, with a corresponding increase in bad debt provisions [27][28]. Group 3: Research and Development - The company's R&D expenditure is notably low compared to peers, with a rate of 4.2% and a total of 133 patents, of which only 43 are invention patents [12][15]. - R&D personnel numbers have increased but remain a small percentage of the total workforce, indicating a need for enhanced investment in innovation [15][17]. Group 4: Market Position and Competition - The measurement calibration industry is experiencing significant growth, with the market size projected to increase from 5.668 billion yuan in 2016 to 11.604 billion yuan by 2024 [20][22]. - Despite the overall market growth, Tian Su Measurement's core business has faced inquiries regarding its performance relative to industry trends, particularly in calibration services [23][26]. Group 5: Governance and Risks - The company has faced scrutiny over its governance structure, particularly regarding the potential for undue influence by the actual controller [5][6]. - Tian Su Measurement has been listed as a supplier with poor behavior by China Huadian Group, which may impact its reputation and future business opportunities [29].

Core Viewpoint - Shenzhen Tiansu Measurement and Testing Co., Ltd. is set to undergo its IPO review on October 16, 2023, on the ChiNext board, aiming to raise approximately 424 million yuan for various projects and working capital [1]. Company Overview - Tiansu Measurement specializes in measurement calibration, testing, and certification services, serving multiple sectors including biomedicine, automotive, new energy, rail transportation, energy and electricity, light industry, and equipment manufacturing [1]. IPO Details - The company’s IPO application was accepted on June 29, 2023, and it entered the inquiry phase on July 22, 2023 [1]. - The planned fundraising of approximately 424 million yuan will be allocated to enhance measurement and testing capabilities at its Shenzhen headquarters, establish regional measurement testing laboratories, develop a digital center, and supplement working capital [1].

Group 1 - The latest stock price of Zhongji Renjian is 35.93 yuan, an increase of 0.25% compared to the previous trading day, with a trading volume of 37,062 hands and a transaction amount of 134 million yuan [1] - Zhongji Renjian operates in the professional services sector, providing third-party certification and inspection services for vehicles and machinery, including inspection services for automobiles, military equipment, and engineering machinery, as well as various certification services [1] - In the first half of 2025, Zhongji Renjian achieved total operating revenue of 388 million yuan, a year-on-year increase of 1.46%, and a net profit attributable to shareholders of 73.15 million yuan, a year-on-year increase of 7.24% [1] - The company's net cash flow from operating activities was 69.78 million yuan, a year-on-year decrease of 38.72% [1] - The semi-annual report indicates that four new institutional investors, including GF Multi-Factor Flexible Allocation Mixed Securities Investment Fund, have been added to the top ten circulating shareholders [1] Group 2 - On August 26, the net outflow of main funds was 760,200 yuan, while the net inflow of main funds over the past five days was 489,400 yuan [2]