智通财经APP获悉，10月23日，深圳天溯计量检测股份有限公司(简称：天溯计量)申请深交所创业板IPO审核 状态变更为"提交注册"。招商证券为其保荐机构，拟募资4.239亿元。 招股书显示，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，主营业务为计量校准、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。 截至2025年6月末，公司已发展完善了几何量、热学、力学、电磁学、无线电、时间和频率、声学、光学、 化学、电离辐射等十大计量校准领域及综合性专用测量仪器共计1,417项校准服务，并进一步发展了消费类电 池、动力电池及储能电池检测业务。 公司已在广东、广西、云南、湖南、湖北、江苏、河南、山西、陕西、新疆等多个地区设立了网格化计量校 准、检测实验室，并分别获得了中国合格评定国家认可委员会认可(CNAS)、检验检测机构资质认定(CMA)。 据国家市场监督管理总局统计，2024年计量校准机构营收总额为116.04亿元，公司在市场极为分散的情况下 仍有5.91%的市场份额。 本次发行拟募集资金计划投资于以下项目： | 序号 | 项目 | ...

（原标题：天溯计量创业板IPO提交注册） | 财务指标/时间 | 2024年 | 2023年 | 2022年 | | --- | --- | --- | --- | | 营业收入（万元） | 80011.69 | 72571.04 | 59720.09 | | 归属母公司股东的净利润（万元） | 11105.68 | 10125.20 | 8438.54 | | 扣除非经常损益后归属母公司所有者净利润（万元） | 11021.48 | 9901.95 | 7697.79 | | 基本每股收益（元） | 2.2700 | 2.0700 | 1.7300 | | 稀释每股收益（元） | 2.2700 | 2.0700 | 1.7300 | | 加权平均净资产收益率（%） | 23.91 | 27.41 | 29.40 | | 经营活动产生的现金流量净额（万元） | 13171.98 | 13037.30 | 10041.72 | 证券时报•数据宝统计，根据深交所发行上市审核进度，10月23日，天溯计量首发申请审核状态变更 为"提交注册"，公司首发获深交所上市委审议通过日期为2025年10月16日。 公司主要财务指 ...

在回复函中，天溯计量深入分析了业绩下滑风险的多方面因素。从宏观经济环境来看，若未来宏观经济 形势出现不利变化，导致客户对计量校准业务的整体需求萎缩，公司经营业绩将受到冲击。此外，公司 检测服务业务虽增长较快，但其主要客户所处的新能源汽车、储能等领域受国家政策影响较大，一旦相 关政策、贸易情况出现重大变化，如补贴政策退出、加征关税等，将影响客户采购需求，进而波及公司 业绩。 在竞争格局方面，计量检验行业机构数量众多，头部机构竞争能力不断增强，行业集约化发展趋势明 显。天溯计量虽凭借自主研发的核心技术，在部分细分领域形成了技术领先优势，但行业内中小公司为 争夺市场份额，常通过降低服务报价的方式竞争，这不仅对公司的业务拓展、客户关系维护造成一定压 力，也增加了业绩下滑的风险。 回复函表示，虽然报告期内天溯计量通过提高效率、降低成本对冲了部分证书单价下降的影响，但如果 天溯计量不能持续保持自身的技术先进性，未来行业竞争加剧，天溯计量证书单价进一步下降，而单位 成本无法同步下降，天溯计量将存在经营业绩下降的风险。 来源：读创财经 深圳天溯计量检测股份有限公司（以下简称"天溯计量"）的创业板上市之路有了新进展，公司近日针 ...

Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. has successfully passed the IPO review for the ChiNext board, with China Merchants Securities as the sponsor [2]. Company Overview - Tian Su Measurement was established in 2009 and operates as an independent third-party measurement and testing service provider, focusing on calibration, testing, and certification services [4]. - The company's clients span various sectors, including biomedicine, automotive, new energy, rail transit, energy and power, light industry, and equipment manufacturing [4]. Financial Performance - The total assets of Tian Su Measurement have increased from 464.55 million yuan in 2022 to an estimated 729.19 million yuan by June 30, 2025 [5]. - The company's net profit has shown growth from 84.39 million yuan in 2022 to an estimated 55.58 million yuan in the first half of 2025 [5]. - The operating revenue for the years 2022 to 2025 is projected to be 597 million yuan, 726 million yuan, 800 million yuan, and 409 million yuan respectively [5]. Future Projections - For the first nine months of 2025, the company expects operating revenue to grow by approximately 9.89% to 12.49% compared to the same period in 2024 [6]. - The net profit attributable to the parent company is projected to increase by 8.03% to 11.04% year-on-year [6].

Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. has been approved for its initial public offering (IPO) on the Shenzhen Stock Exchange, marking it as the 60th company to pass the review this year [1] Company Overview - Tian Su Measurement is a national, comprehensive independent third-party measurement and testing service provider, focusing on calibration, testing, and certification services across various sectors including biomedicine, automotive, new energy, rail transportation, energy and electricity, light industry, and equipment manufacturing [1] - The company plans to raise approximately 423.9 million yuan (around 42.39 million) for projects including enhancing measurement and testing capabilities, establishing regional testing laboratories, building a digital center, and supplementing working capital [2] Shareholding Structure - The major shareholder, Gong Tianbao, directly holds 33.9 million shares, accounting for 69.31% of the total share capital, making him the controlling shareholder [2] - Gong Tianbao's spouse, Wu Baixiang, holds 450,000 shares (0.92%) and is an acting partner in several related entities, effectively controlling 85.86% of the voting rights [2] IPO Process and Underwriting - The underwriting institution for Tian Su Measurement's IPO is China Merchants Securities Co., Ltd., marking it as the fifth successful IPO project for the firm this year [1][2] - The company has undergone scrutiny regarding its sales expense ratio and R&D investment intensity, with questions raised about its ability to adapt to industry technological upgrades and sustain performance growth [3][4]

Core Viewpoint - Tian Su Measurement has successfully passed the IPO review by the Shenzhen Stock Exchange, marking a significant step for the company in its growth trajectory [1] Company Overview - Established in 2009, Tian Su Measurement is a national, comprehensive independent third-party measurement and testing service provider, specializing in calibration, testing, and certification services [3] - The company has achieved recognition as a national high-tech enterprise and has been designated as a "service-oriented manufacturing demonstration platform" and "public service platform for industrial technology foundation" by the Ministry of Industry and Information Technology [3] - As of June 2025, Tian Su Measurement has developed calibration services across ten fields, including geometric, thermal, mechanical, electromagnetic, radio, time and frequency, acoustics, optics, chemistry, and ionizing radiation, totaling 1,417 calibration services [3] Market Position and Client Relationships - The company has established long-term cooperative relationships with notable enterprises such as Shougang Group, China Railway, China National Nuclear Corporation, State Grid, and China Railway Construction, resulting in a high customer retention rate and stable client base [3] Technological Advancements - Tian Su Measurement focuses on enhancing its technical capabilities and service quality through independent research and development, resulting in twelve core technologies that support various downstream sectors, including biomedicine and high-end equipment [4] Financial Performance - The company's revenue and net profit have shown a positive growth trend, with revenues of 726 million yuan, 800 million yuan, and 409 million yuan for the years 2023, 2024, and the first half of 2025, respectively. Net profits were 101 million yuan, 111 million yuan, and 55.576 million yuan for the same periods [4] IPO Fundraising Plans - Tian Su Measurement plans to raise 424 million yuan through its IPO, which will be allocated to projects aimed at enhancing measurement capabilities, building regional laboratories, establishing a digital center, and supplementing working capital [4] - The company believes these projects will enhance its production capacity, improve profitability, and facilitate rapid expansion of its market share [4]

Core Viewpoint - Shenzhen Tian Su Measurement Testing Co., Ltd. is set to undergo an IPO review by the Shenzhen Stock Exchange on October 16, 2025, with an expected fundraising amount of 4.239 billion yuan [1][3]. Company Overview - Shenzhen Tian Su Measurement Testing Co., Ltd. is a national, comprehensive independent third-party measurement testing service provider, focusing on calibration, testing, and certification services across various sectors including biomedicine, automotive, new energy, rail transportation, energy power, light industry, and equipment manufacturing [3]. - The controlling shareholder and actual controller is individual shareholder Gong Tianbao, who holds 85.86% of the voting rights prior to the company's issuance [3]. Financial Performance - The company's revenue for the reporting period was 597.2009 million yuan, 725.7104 million yuan, 800.1169 million yuan, and 409.1361 million yuan, with a compound annual growth rate of 15.75% from 2022 to 2024 [4]. - Net profit attributable to the parent company was 84.3854 million yuan, 101.2520 million yuan, 111.0568 million yuan, and 55.5762 million yuan [4]. - As of June 30, 2025, total assets amounted to 729.1946 million yuan, with equity attributable to the parent company at 576.1199 million yuan [5]. - The company's debt-to-asset ratio was 18.45% for the parent company and 20.99% for the consolidated entity [5]. Future Projections - The company anticipates a revenue growth of approximately 8.11% to 12.48% year-on-year for 2025, with net profit growth expected to be between 8.05% and 12.56% [7]. - The company plans to invest the raised funds into projects including the enhancement of measurement testing capabilities, construction of regional testing laboratories, and the establishment of a digital center, totaling an investment of 42.38991 million yuan [7]. Key Issues Raised - The listing committee has raised questions regarding the company's high sales expense ratio and low R&D intensity, inquiring about the sustainability of performance growth in light of industry technological upgrades and competitive dynamics [7][8].

Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. has successfully passed the IPO review for the ChiNext board, aiming to raise approximately 424 million yuan for various projects and working capital [1] Company Overview - Shenzhen Tian Su Measurement specializes in measurement calibration, testing, and certification services, serving multiple sectors including biomedicine, automotive, new energy, rail transportation, energy and power, light industry, and equipment manufacturing [1] IPO Details - The IPO application was accepted on June 29, 2023, and entered the inquiry stage on July 22, 2023 [1] - The company plans to invest the raised funds in enhancing measurement and testing capabilities at its Shenzhen headquarters, constructing regional measurement testing laboratories, developing a digital center, and supplementing working capital [1] Market Considerations - During the listing committee meeting, the committee requested the company to explain the sustainability of its performance growth in light of its high sales expense ratio and low R&D investment intensity, considering industry technological upgrades and competitive dynamics [1]

北京商报讯(记者马换换实习记者李佳雪)10月16日晚间，深交所官网显示，深圳天溯计量检测股份有限 公司(以下简称"天溯计量")创业板IPO当日上会获得通过。 据了解，天溯计量主营业务为计量校准、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。公司创业板IPO于2023年6月29 日获得受理，当年7月22日进入问询阶段。 本次冲击上市，天溯计量拟募集资金约4.24亿元，扣除发行费用后，拟根据投资项目的轻重缓急程度投 资用于深圳总部计量检测能力提升项目、区域计量检测实验室建设项目、数字化中心建设项目、补充流 动资金。 在上市委会议现场，上市委要求天溯计量结合自身技术先进性、证书单价下降、单位成本变化及计量检 测行业竞争态势等因素，说明现有销售费用率较高、研发投入强度较低的特点能否适应行业技术升级需 求，公司业绩增长是否具有可持续性。 ...

| 序号 | 项目 | 投资总额 | 拟使用募集资金金额 | | --- | --- | --- | --- | | 1 | 深圳总部计量检测能力提升项目 | 12,765.61 | 12,765.61 | | 2 | 区域计量检测实验室建设项目 | 17.457.40 | 17.457.40 | | 3 | 数字化中心建设项目 | 3.166.90 | 3,166.90 | | 4 | 补充流动资金 | 9,000.00 | 9.000.00 | | | 合计 | 42,389.91 | 42.389.91 | 招股书显示，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，主营业务为计量校准、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。公司致 力于通过优质、高效的专业技术服务，为企业品质保驾护航，助力我国生产制造的高质量发展，落实制造强国、质量强国 战略要求。 截至2025年6月末，公司已发展完善了几何量、热学、力学、电磁学、无线电、时间和频率、声学、光学、化学、电离辐射 等十大计量校准领域及综合性专用测量仪器共计1,417项 ...