| 配售对象 | 有效申购股 数(万股) | | 12 2019 | | 各类投资者配 | | --- | --- | --- | --- | --- | --- | | A 类投资者 | 2.289.920 | 65.98% | 5.333.651 | 70.35% | 0.02329187% | | B 类型容者 | 1.180.580 | 34.02% | 2.247.763 | 29.65% | 0.01903948% | | 2217 | 3,470,500 | 100.0% | 7.581.414 | 100.00% | | | 25084 115 80 | | 庆配股数(股) | 获配金额(元) | | 限售期 | | | | 1.630.434 | 59.999.971.20 | | 12个月 | 特别提示 深圳天溯计量检测股份有限公司(以下简称"天溯计量"、"发行人"或"公司")首次公开发行人民币普通股 (A股)并在创业板上市(以下简称"本次发行")的申请已经深圳证券交易所(以下简称"深交所")上市委会议 审议通过,并已获中国证券监督管理委员会同意注册(证监许可〔2025〕2424号)。 本 ...

Core Viewpoint - Shenzhen Tiansu Measurement Testing Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and listing on the ChiNext board, with the issuance price set at 36.80 yuan per share and a total of 16,304,348 shares to be issued [1][2]. Issuance Details - The issuance will be conducted through a combination of strategic placement to selected investors, offline pricing for qualified investors, and online pricing for the general public [1]. - The final strategic placement quantity is 1,630,434 shares, accounting for 10.00% of the total issuance, down from an initial 15.00% [2]. - The initial offline issuance quantity is 10,516,414 shares, representing 71.67% of the total issuance after deducting the strategic placement [3]. Subscription and Payment Process - Investors must ensure that subscription funds are fully received by the deadline of December 16, 2025, or their allocation will be invalidated [4]. - The online issuance shares will have no restrictions on circulation, while offline shares will have a 6-month lock-up period for 10% of the allocated shares [5]. Allocation and Rebalancing Mechanism - If the total subscription from offline and online investors falls below 70% of the total issuance after deducting the strategic placement, the IPO will be suspended [6]. - The online issuance received a total of 49,398,743,000 shares in valid subscriptions, with an effective subscription multiple of 11,881.84 times [7]. - After the rebalancing, the final online issuance quantity is 7,092,500 shares, while the offline issuance quantity is 7,581,414 shares [8]. Lottery and Announcement - The lottery for the online subscription will take place on December 15, 2025, with results announced on December 16, 2025 [9].

登录新浪财经APP 搜索【信披】查看更多考评等级 特别提示 深圳天溯计量检测股份有限公司（以下简称"天溯计量"、"发行人"或"公司"）根据中国证券监督管理委 员会（以下简称"证监会"）发布的《证券发行与承销管理办法》（证监会令〔第228号〕）（以下简 称"《管理办法》"）、《首次公开发行股票注册管理办法》（证监会令〔第205号〕），深圳证券交易 所（以下简称"深交所"）发布的《深圳证券交易所首次公开发行证券发行与承销业务实施细则（2025年 修订）》（深证上〔2025〕267号）（以下简称"《业务实施细则》"）、《深圳市场首次公开发行股票 网上发行实施细则》（深证上〔2018〕279号）（以下简称"《网上发行实施细则》"）、《深圳市场首 次公开发行股票网下发行实施细则（2025年修订）》（深证上〔2025〕224号）（以下简称"《网下发行 实施细则》"），中国证券业协会（以下简称"证券业协会"）发布的《首次公开发行证券承销业务规 则》（中证协发〔2023〕18号）、《首次公开发行证券网下投资者管理规则》（中证协发〔2025〕57 号）（以下简称"《网下投资者管理规则》"）和《首次公开发行证券网下投资者分类评价 ...

特别提示 深圳天溯计量检测股份有限公司（以下简称"天溯计量"、"发行人"或"公司"）首次公开发行人民币普通 股（A股）并在创业板上市（以下简称"本次发行"）的申请已经深圳证券交易所（以下简称"深交所"） 上市委会议审议通过，并已经中国证券监督管理委员会（以下简称"中国证监会"）予以注册决定（证监 许可〔2025〕2424号）。 经发行人和本次发行的保荐人（主承销商）招商证券股份有限公司（以下简称"招商证券"、"保荐人 （主承销商）"或"主承销商"）协商确定本次发行股份数量1,630.4348万股，占发行后总股本的25.00%， 全部为公开发行新股。发行人股东不进行老股转让。本次发行的股票拟在深交所创业板上市。 本次发行价格36.80元/股对应的发行人2024年扣除非经常性损益前后孰低的归属于母公司股东的净利润 摊薄后市盈率为21.78倍，低于中证指数有限公司2025年12月9日（T-3日）发布的"M74 专业技术服务 业"同行业最近一个月平均静态市盈率35.72倍，亦低于同行业可比上市公司2024年扣除非经常性损益前 后孰低归属于母公司股东净利润对应的平均静态市盈率（剔除极端值后）40.50倍，但仍存在未来发 ...

Core Viewpoint - The establishment of the Maritime Technology Innovation Development Community aims to enhance collaboration among government, academia, and industry to promote marine economy and maritime technology development [2]. Group 1: Event Overview - The 105th anniversary of maritime education founded by Mr. Chen Jiageng was celebrated alongside the Jimei Marine Economy Innovation Development Promotion Conference [1]. - The Maritime Technology Innovation Development Community was officially inaugurated during the event [1]. Group 2: Strategic Cooperation - A strategic cooperation agreement was signed between Broadcom Measurement and Jimei University, focusing on the establishment of a joint laboratory [2]. - The collaboration will target areas such as intelligent ships, marine equipment, and underwater robots, emphasizing reliability testing, performance evaluation, and technical breakthroughs [2]. - The partnership aims to create a public technology service platform for the industry and will involve multi-level cooperation in talent cultivation, scientific research, achievement transformation, and standard formulation [2]. Group 3: Industry Implications - Broadcom Measurement's Vice General Manager Li Jun highlighted the complementary strengths between Jimei University and Broadcom Measurement in research and talent in maritime education and marine engineering [5]. - The collaboration represents a strategic move by Broadcom Measurement to actively engage in the marine economy sector [5]. - The company plans to leverage its technological advantages and platform capabilities to foster innovation in collaboration with universities, research institutions, and industry chain enterprises [5].

Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. is organizing its initial public offering (IPO) and listing on the ChiNext board, adhering to various regulatory guidelines and rules set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [1][2][3] Group 1: IPO Process - The IPO will be conducted through a combination of strategic placement, offline inquiry, and online issuance to public investors holding non-restricted A-shares and depository receipts [2][3] - The strategic placement will involve the company's senior management and core employees, along with related subsidiaries of the sponsor participating in a special asset management plan [3][4] - The offline inquiry will directly determine the issuance price without cumulative bidding [5][6] Group 2: Investor Participation - Qualified institutional investors, including registered securities companies, fund management companies, and insurance companies, are eligible to participate in the offline issuance [5][8] - Each participating investor can submit up to three different quotes, with the highest quote not exceeding 120% of the lowest quote [7][8] - The minimum subscription quantity for each participating object is set at 1 million shares, with increments of 100,000 shares [7][8]

Investment Rating - The investment rating for the company is "Outperform the Market" [6][4]. Core Views - The company has shown a significant increase in revenue and net profit, with a 27% year-on-year growth in net profit for the third quarter and an 11.86% increase in revenue for the first three quarters of 2025 [1][4]. - The company is focusing on national strategic industries, with plans to raise 1.3 billion yuan through a private placement to invest in emerging fields such as aerospace and artificial intelligence [3][4]. - The company maintains a strong R&D investment, amounting to 282 million yuan in the first three quarters, representing 11.69% of its revenue [3][4]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 2.416 billion yuan, a year-on-year increase of 11.86%, and a net profit of 239 million yuan, up 26.51% [1]. - The gross margin and net margin for the first three quarters were 45.06% and 9.84%, respectively, showing improvements of 0.52 and 1.30 percentage points year-on-year [2]. Investment and Growth Strategy - The company plans to invest 1.481 billion yuan in various projects, including 300 million yuan for aerospace equipment testing and 250 million yuan for AI chip testing [3]. - The company aims to enhance its operational resilience by supplementing working capital with 250 million yuan [3]. Profit Forecast and Valuation - The profit forecast for the company estimates net profits of 400 million yuan, 459 million yuan, and 535 million yuan for the years 2025, 2026, and 2027, respectively [5][4]. - The company is expected to maintain a strong growth trajectory driven by demand in new productivity industries [4].

Core Insights - Zizhong County is implementing a "Quality Strong County" strategy to enhance overall quality across various sectors, providing a model for similar regions [1][5] Group 1: Infrastructure and Services - The county has established a standardized production base for green food raw materials, leading to several local agricultural products being recognized as "nationally renowned special new agricultural products," thus boosting the "Zizhong Product" brand and supporting rural revitalization [1] - Zizhong has innovated by introducing measurement and testing services into industrial parks, reducing equipment verification time from 7 working days to 1, improving efficiency by over 85% and significantly lowering time costs for enterprises [3] - A "one-stop" quality infrastructure service center has been created, providing comprehensive services such as measurement, standards, inspection, and certification, serving over 300 enterprises in 2024 and resolving 46 technical challenges [3] Group 2: Industrial Transformation and Financing - As a pioneer in manufacturing transformation, Zizhong has released 40 transformation lists to gather resources and address enterprise upgrade challenges, aiming for full coverage of industrial enterprises by the end of 2025 [3] - The county has developed a "Quality + Finance" model to alleviate financing difficulties for enterprises, introducing products like "quality financing credit enhancement" and "intellectual property pledge financing," converting soft assets into hard financial support for SMEs [3] - A "regulation + service + technology" model has been implemented, responding to 127 enterprise requests within the year while maintaining zero quality safety incidents, fostering a regulated development environment [3] Group 3: Comprehensive Quality Upgrade - Zizhong's quality initiatives span multiple sectors, from agricultural seed quality control to ensuring the quality of health food products, establishing a traceability system from farm to table [4] - In the cultural tourism sector, Zizhong integrates historical cultural quality with tourism service quality, enhancing the appeal of the industry through a "Quality + Culture + Tourism" model [5] - The county aims to continue deepening its quality strategy, solidifying achievements, and becoming a benchmark for high-quality development in hilly areas, with the goal of replicating the "Zizhong experience" in other regions [5]

Core Insights - The company, Shenzhen Tiansu Measurement and Testing Co., Ltd., has become one of the largest independent third-party measurement and calibration service providers in China, emphasizing its extensive service network and project capabilities [1][2] Group 1: Company Overview - Established in 2009, the company has developed a nationwide measurement and testing service network, with laboratories set up in multiple regions including Guangdong, Guangxi, Yunnan, and others [1] - As of June 2025, the company has obtained recognition for 1,417 measurement calibration project capabilities, including twelve core technologies in various measurement fields [1] Group 2: Innovation and Technology - The company holds 133 patent technologies, including 43 invention patents, and has participated in the formulation of 78 standards and 9 measurement technical specifications [2] - Utilizing digital technology and its proprietary smart measurement laboratory technology, the company has developed an information management system that ensures measurement data accuracy [2] Group 3: Market Position and Clientele - The company has established a diverse client base across multiple sectors, including biomedicine, automotive, new energy, and more, with notable clients such as GAC Group and Merck [2] - The company's order data from 2022 to June 2025 shows a consistent upward trend, indicating successful market expansion and a robust order reserve [2] Group 4: Future Outlook - The company aims to continue driving high-quality development through innovation, expanding its service areas, and enhancing technical capabilities to support national quality infrastructure [3]

Core Viewpoint - Shenzhen Securities Exchange will hold its 23rd listing review committee meeting on October 16, 2025, to review Shenzhen Tiansu Measurement and Testing Co., Ltd.'s application for fundraising [1] Group 1: Fundraising Details - Tiansu Measurement plans to raise a total of 423.8991 million yuan for various projects [1] - The funds will be allocated to enhance measurement testing capabilities at the Shenzhen headquarters, establish regional measurement testing laboratories, build a digital center, and supplement working capital [1] Group 2: Project Investment Breakdown - The investment amounts for the projects are as follows: - Shenzhen headquarters measurement testing capability enhancement project: 127.6561 million yuan [3] - Regional measurement testing laboratory construction project: 174.5740 million yuan [3] - Digital center construction project: 31.6690 million yuan [3] - Supplement working capital: 90 million yuan [3] - The total investment for all projects sums up to 423.8991 million yuan [3] Group 3: Underwriter Information - The sponsor (lead underwriter) for Tiansu Measurement is China Merchants Securities Co., Ltd. [3] - The sponsoring representatives are Luo Zheng and Xu Guozhen [3]