Core Insights - The company has approved two investment proposals during its 26th meeting of the fifth board, including a $500,000 investment to establish a measurement and testing company in Vietnam and an investment of 800 million yuan to build a testing base in Chengdu, Southwest China [1][2] - The Chengdu testing base aims to enhance the company's measurement and testing capabilities in emerging fields, addressing long-term development issues in the Southwest region and aligning with the company's "14th Five-Year" strategic development plan [1] - The establishment of the Vietnam company is part of the company's international expansion strategy, providing services such as standard construction, calibration, product certification, and inspection for overseas clients [2] Investment Proposals - The company plans to invest $500,000 to set up a measurement and testing company in Vietnam, targeting Southeast Asian markets like Indonesia and Malaysia [2] - An investment of 800 million yuan is proposed for the construction of the Southwest (Chengdu) testing base, which will alleviate space constraints and enhance operational efficiency [1] Strategic Development - The company is focusing on internationalization, having already entered the Amazon toy category as a recognized institution and signed a strategic cooperation agreement with the Indonesian Electric Vehicle Industry Association [2] - The company is also involved in the commercial aerospace sector, providing a comprehensive service system covering the entire satellite and rocket chain, responding to the industry's demand for high-quality development [3] Financial Projections - Revenue forecasts for the company are projected at 3.646 billion yuan in 2025, 4.139 billion yuan in 2026, and 4.826 billion yuan in 2027, with net profits expected to be 433 million yuan, 507 million yuan, and 630 million yuan respectively [3]

Core Viewpoint - The company is initiating its international expansion strategy in 2025, aligning with the overseas plans of its major clients and actively serving the overseas market [1] Group 1: International Expansion - The company plans to start its international layout in 2025, following the overseas strategies of existing major clients [1] - In August 2025, the company was successfully recognized as a DV TIC institution for the toy category by Amazon, providing a "one-stop" compliance testing service for toy exports [1] - The company is actively expanding into Southeast Asian markets, including Indonesia, Vietnam, and Malaysia, based on client overseas plans [1] Group 2: Strategic Partnerships - In September 2025, the company signed a strategic cooperation agreement with the Indonesian New Energy Vehicle Industry Association (PERIKLINDO) [1] - The company plans to establish wholly-owned or joint ventures in relevant regions based on market expansion conditions to provide services such as standard construction, measurement calibration, product certification, and inspection testing for overseas clients [1]

Core Viewpoint - The company is initiating its international expansion strategy in 2025, aligning with the overseas plans of its major clients and actively serving the overseas market [1] Group 1: International Expansion - In August 2025, the company was successfully recognized as a DV TIC certification body for the toy category by Amazon, providing a "one-stop" compliance testing service for toy exports, which supports the stable progress of exporting companies [1] - The company is strategically expanding into Southeast Asian markets, including Indonesia, Vietnam, and Malaysia, based on the overseas plans of its clients [1] - In September 2025, the company signed a strategic cooperation agreement with the Indonesian Electric Vehicle Industry Association (PERIKLINDO) [1] Group 2: Service Offerings - The company plans to establish wholly-owned or joint ventures in relevant regions based on market expansion conditions, providing services such as standard construction, measurement calibration, product certification, and inspection testing for overseas clients [1]

Core Insights - The "Quality Certification Industry Development White Paper" for Shaanxi Province has been recently released, indicating significant growth in the certification industry and enhanced service capabilities of certification institutions [1] Group 1: Certification Industry Overview - As of the end of 2024, Shaanxi Province has a total of 81,300 valid certification certificates and 26,400 certified organizations [1] - In the product certification sector, there are 8 product certification institutions, 129 certified personnel, and a total of 16,652 certificates issued, including 3,956 mandatory product certification certificates covering various sectors such as electrical cables and agricultural machinery [1] Group 2: Organic Product Certification - Shaanxi has developed 8 pilot areas for organic product certification, showcasing rapid growth and distinct regional characteristics in the organic certification sector [1] - The organic industry in Shaanxi has achieved significant scale effects, indicating a robust development trajectory [1] Group 3: Service Certification - There are 11 service certification institutions in Shaanxi, with 64 certified personnel and 1,337 certificates issued, covering areas such as wholesale and retail services, transportation, and cultural services [1] - A multi-level certification system has been established in the homestay service certification sector, leading to the creation of several homestay brands [1] Group 4: Regulatory Framework - The provincial market supervision department plans to explore and improve a normalized regulatory system to ensure a healthy development of the certification market [2] - There is an emphasis on promoting high-end and diversified certification services, accelerating the establishment of certification standards in emerging fields, and fostering collaborative development among enterprises of various sizes to support high-quality regional economic growth [2]

Core Viewpoint - 中机认检's stock performance shows a slight decline, with a trading volume of 45.48 million yuan and a net financing outflow, indicating potential investor caution [1] Financing Summary - On September 30, 中机认检 had a financing buy amount of 4.79 million yuan and a financing repayment of 6.66 million yuan, resulting in a net financing outflow of 1.87 million yuan [1] - The total financing balance is 149 million yuan, accounting for 7.96% of the circulating market value, which is below the 50th percentile level over the past year, indicating a low financing level [1] - The company had a securities lending repayment of 600 shares with no shares sold, and the securities lending balance is 241,900 yuan, which is above the 50th percentile level over the past year, indicating a high lending level [1] Business Performance - As of June 30, 中机认检 reported a total revenue of 388 million yuan for the first half of 2025, representing a year-on-year growth of 1.46% [2] - The net profit attributable to shareholders was 73.15 million yuan, reflecting a year-on-year increase of 7.24% [2] Shareholder Information - As of June 30, 中机认检 had 17,000 shareholders, an increase of 0.30% from the previous period, with an average of 3,454 circulating shares per shareholder, a decrease of 0.30% [2] - The company has distributed a total of 140 million yuan in dividends since its A-share listing [3] - Notable institutional shareholders include 广发多因子混合, which is the largest shareholder with 2.99 million shares, and 南方中证1000ETF, which increased its holdings by 287,600 shares [3]

Core Viewpoint - Zhongji Certification Inspection Co., Ltd. has shown a stable financial performance with a slight increase in revenue and net profit, indicating potential growth opportunities in the certification and inspection industry [2][3]. Financial Performance - As of June 30, Zhongji Certification reported a revenue of 388 million yuan, representing a year-on-year growth of 1.46% [2]. - The net profit attributable to shareholders for the same period was 73.15 million yuan, reflecting a year-on-year increase of 7.24% [2]. - Cumulative cash distribution since the A-share listing amounts to 140 million yuan [3]. Shareholder Structure - The number of shareholders increased to 17,000, up by 0.30% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 0.30% to 3,454 shares [2]. - Notable institutional shareholders include Guangfa Multi-Factor Mixed Fund, which is the largest shareholder with 2.99 million shares, and several new entrants among the top ten shareholders [3]. Financing and Margin Trading - On September 12, Zhongji Certification's financing buy amounted to 8.29 million yuan, with a net buy of 2.40 million yuan [1]. - The total margin trading balance reached 15.6 million yuan, accounting for 7.99% of the circulating market value, indicating a high level of financing activity [1]. - The company had a margin balance of 285,400 yuan with a margin volume of 8,600 shares, also reflecting a high level of activity compared to the past year [1]. Business Overview - Zhongji Certification, established on November 28, 2003, specializes in inspection and certification services for various sectors, including automotive, military equipment, and civil aviation [1]. - The revenue composition includes 72.84% from inspection services, 21.48% from certification services, 3.48% from automotive design, and 2.20% from other services [1].

本次股票发行后拟在创业板市场上市，该市场具有较高的投资风险。创业板公 司具有创新投入大、新旧产业融合成功与否存在不确定性、尚处于成长期、经 营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投 资者应充分了解创业板市场的投资风险及本公司所披露的风险因素，审慎作出 投资决定。 中机寰宇认证检验股份有限公司 （北京市大兴区北臧村镇天荣街 32 号） 投资者应当以正式公告的招股说明书作为投资决定依据。 （济南市市中区经七路 86 号） 的？ 创业板风险提示 （注册稿） 保荐机构（主承销商） 首次公开发行股票并在创业板上市 招股说明书 本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本 招股说明书（注册稿）不具有据以发行股票的法律效力，仅供预先披露之用。 中机寰宇认证检验股份有限公司 招股说明书 发行人声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之 相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行 ...