天眼查显示，近日，强安（天津）检测认证有限责任公司成立，法定代表人为张万山，注册资本1000万 人民币，由强安（天津）公共安全研究院有限责任公司全资持股。 企业名称强安（天津）检测认证有限责任公司法定代表人张万山注册资本1000万人民币国标行业科学研 究和技术服务业>专业技术服务业>工业与专业设计及其他专业技术服务地址天津市西青区张家窝镇瑞 雪路11号枫雅科创中心B-803-5企业类型有限责任公司(法人独资)营业期限2025-11-24至无固定期限登记 机关天津市西青区市场监督管理局 来源：市场资讯 序号股东名称持股比例1强安（天津）公共安全研究院有限责任公司100% 经营范围含许可项目：检验检测服务；安全生产检验检测；特种设备检验检测；室内环境检测；农产品 质量安全检测；认证服务。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项 目以相关部门批准文件或许可证件为准）环境保护监测；生态资源监测。（除依法须经批准的项目外， 凭营业执照依法自主开展经营活动） ...

Core Insights - The State Administration for Market Regulation has issued guidelines to enhance the digital management capabilities of certification agencies from 2025 to 2029 [1][3] Group 1: Digital Management Guidelines - The guidelines aim to establish an industry standard for digital management by 2025, with a focus on defining the work path and direction for the entire industry [3] - By 2029, the goal is to have over 30 certification agencies equipped with advanced and secure digital infrastructure, utilizing data analysis and processing tools for innovative certification practices [3] Group 2: Digital Management Platform and Tools - The guidelines emphasize the construction of a digital management platform that covers the entire certification process, aiming to improve the quality of basic certification data [3] - Certification agencies are encouraged to develop and use digital support tools in areas such as certification review management, risk management, and credit information of certified organizations [3] Group 3: Resource Allocation and Coordination - The guidelines require strengthened organizational leadership and coordination, with increased investment in resources and elements [3] - There is a focus on utilizing traceability data from certification agencies in administrative supervision to reduce the need for providing proof materials [3]

Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. has submitted its prospectus for an IPO on the Growth Enterprise Market, aiming to raise approximately 424 million yuan for various projects and working capital [1][3]. Fundraising and Project Allocation - The company plans to raise 424 million yuan, with allocations as follows: 128 million yuan for enhancing measurement and testing capabilities at its Shenzhen headquarters, 175 million yuan for regional testing laboratory construction, 31.67 million yuan for a digital center, and 90 million yuan for working capital [3][4]. - Tian Su Measurement will initially use self-raised funds for projects before the IPO proceeds are available, with plans to replace these funds once the IPO capital is secured [3][4]. Business Overview - Tian Su Measurement is an 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, and power [5]. - The company's revenue for 2022, 2023, 2024, and the first half of 2025 is projected to be approximately 597 million yuan, 726 million yuan, 800 million yuan, and 409 million yuan, respectively, with net profits of about 84.39 million yuan, 101 million yuan, 111 million yuan, and 55.58 million yuan [5][6]. Financial Performance - The revenue from calibration services is a significant contributor to the company's performance, accounting for approximately 91.11%, 87.23%, 85.73%, and 84.05% of total revenue during the reporting periods [6]. - For the fiscal year 2025, the company anticipates revenue between 865 million yuan and 900 million yuan, representing a year-on-year growth of 8.11% to 12.48%, and a net profit of approximately 120 million yuan to 125 million yuan, reflecting a growth of 8.05% to 12.56% [7]. Company Structure and Shareholding - Tian Su Measurement was established in June 2009, with a registered capital of approximately 48.91 million yuan. The main shareholders include Gong Tianbao and Shenzhen Tian Su Measurement Management Center [7][8]. - Gong Tianbao holds a 69.31% stake, making him the controlling shareholder, while he and his spouse, Wu Baixiang, collectively control 85.86% of the voting rights [9][11].

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 milestone 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 the development of strategic emerging industries through independent research and development, enhancing its technical capabilities and service quality [4] - The company has developed twelve core technologies, including smart measurement laboratory technology and automatic calibration technology for flow meters, which support innovation in downstream strategic emerging industries [4] Financial Performance - For the years 2023 to the first half of 2025, Tian Su Measurement reported revenues of 726 million, 800 million, and 409 million respectively, with net profits of 101 million, 111 million, and 55.576 million [4] - The company has demonstrated a positive growth trend in both revenue and net profit [4] IPO Fundraising Plans - Tian Su Measurement plans to raise 424 million through its IPO, which will be allocated to projects aimed at enhancing measurement capabilities, establishing regional laboratories, building 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 Tiansu Measurement and Testing Co., Ltd. has successfully passed the IPO review on the Shenzhen Stock Exchange's ChiNext board, aiming to raise 423.9 million yuan for various projects [1][2] Group 1: Company Overview - Tiansu Measurement is a national, comprehensive independent third-party measurement and testing service provider, focusing on calibration, testing, and certification services across multiple sectors including biomedicine, automotive, new energy, and rail transportation [1] - The company has developed calibration services in ten fields, including geometric, thermal, mechanical, electromagnetic, radio, time and frequency, acoustics, optics, chemistry, and ionizing radiation, with a total of 1,417 calibration services [1] - Tiansu Measurement has established measurement and testing laboratories in various regions, receiving recognition from the China National Accreditation Service for Conformity Assessment (CNAS) and the Certification and Accreditation Administration of the People's Republic of China (CMA) [1] Group 2: Fundraising and Investment Plans - The IPO proceeds will be allocated to four main projects: 1. Shenzhen Headquarters Measurement and Testing Capability Enhancement Project: 127.66 million yuan 2. Regional Measurement and Testing Laboratory Construction Project: 174.57 million yuan 3. Digital Center Construction Project: 31.67 million yuan 4. Supplementing Working Capital: 90 million yuan - The total investment for these projects amounts to 423.9 million yuan [2] Group 3: Financial Performance - The company reported revenues of approximately 597 million yuan, 726 million yuan, 800 million yuan, and 409 million yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [2] - Net profits for the same periods were approximately 84.39 million yuan, 101 million yuan, 111 million yuan, and 55.58 million yuan [2] - As of June 30, 2025, total assets reached 729.19 million yuan, with equity attributable to shareholders at 576.12 million yuan [3] - The company's debt-to-asset ratio was 18.45% for the parent company and 20.99% for the consolidated entity as of June 30, 2025 [3] - Basic earnings per share were reported at 1.14 yuan for the first half of 2025, with a diluted earnings per share of the same amount [4]

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 Tiansu Measurement and Testing Co., Ltd. is applying for an IPO, with its main business in measurement calibration, testing, and certification services across various sectors including biomedicine, automotive, energy, and manufacturing [1][2]. Group 1: Company Background - Shenzhen Tiansu Measurement is a national, comprehensive independent third-party measurement and testing service provider [1]. - The company has previously attempted to list on the stock transfer system but terminated its application in February 2019 [2]. Group 2: Management and Shareholding - The company’s board secretary, Zhou Long, has a background in investment banking, having worked at China Merchants Securities before joining Tiansu Measurement [1]. - In June 2020, the actual controller, Gong Tianbao, transferred 500,000 shares to Zhou Long for 2.18 million yuan, which was described as a share incentive without specified service or lock-in periods [1]. Group 3: Financial Information - The subsidiary, Shenzhen Zhongce Measurement Testing Technology Co., Ltd., reported a net asset of 39.19 million yuan at the end of 2023, with a projected net profit of 3.01 million yuan for 2024 [3]. - The net assets are expected to increase to 42.22 million yuan, reflecting a growth of 3.04 million yuan compared to the previous year [3]. Group 4: Regulatory Issues - Tiansu Measurement has been listed as a supplier with poor behavior by China Huadian Group's e-commerce platform, effective from January 2, 2025, to January 1, 2026 [3].

Core Insights - Four companies are set to present their IPO applications, with three targeting the Sci-Tech Innovation Board and one aiming for the Growth Enterprise Market [1] Group 1: Upcoming IPOs - The company Angrui Micro is expected to raise the most funds, with an estimated amount of 2.067 billion yuan, which will be allocated to projects related to 5G RF front-end chips, headquarters and R&D center construction, and RF SoC development [1] - Yuxin Co. and Jianxin Superconducting are also planning to raise 809 million yuan and 775 million yuan, respectively [1] - The companies are distributed across various regions, with one company each from Beijing, Fujian, Guangdong, and Zhejiang [1] Group 2: Company Profiles - Tian Su Measurement is a national, comprehensive independent third-party measurement and testing service provider, focusing on calibration, testing, and certification services across multiple sectors including biomedicine and new energy [2] - Angrui Micro specializes in the research, design, and sales of RF front-end chips and RF SoC chips [3] - Yuxin Co. is recognized as a national champion in the optical communication field, concentrating on the development and sales of optical communication front-end transceiver chips [3] - Jianxin Superconducting is engaged in the R&D, production, and sales of core components for medical MRI equipment [4]

Core Viewpoint - Shenzhen Tian Su Measurement and Testing Co., Ltd. is preparing for its IPO after a challenging review process, with significant involvement from its controlling shareholder, Gong Tianbao, who holds 69.31% of the shares [1][2]. Company Overview - Tian Su Measurement was established in June 2009 and is headquartered in Longgang District, Shenzhen. It is a national, comprehensive independent third-party measurement and testing service provider, focusing on calibration, testing, and certification services [2]. - The company serves various industries, including biomedicine, automotive, new energy, rail transit, energy and electricity, light industry, and equipment manufacturing [3]. Financial Performance - The company's revenue for the years 2022, 2023, 2024, and the first half of 2025 was reported as 597 million, 726 million, 800 million, and 409 million respectively, with net profits of 84.39 million, 101 million, 111 million, and 55.58 million [3]. - For the first nine months of 2025, the expected revenue is projected to be between 635 million and 650 million, indicating a year-on-year growth of approximately 9.89% to 12.49% [4]. Business Segmentation - In 2024, calibration services are expected to account for over 85% of the company's main business, while testing services, particularly in new energy battery testing, will make up less than 15% [3]. - The gross profit margins for the main business during the reporting periods were 52.67%, 53.86%, 53.40%, and 51.56%, indicating a relatively high level but with some risk of decline [4]. Industry Context - The measurement and testing industry in China has seen its market size grow from 206.5 billion in 2016 to 487.6 billion in 2024, with a compound annual growth rate of 11.34% [7]. - The revenue of calibration institutions has increased from 5.668 billion in 2016 to 11.604 billion in 2024, with a compound growth rate of 9.37% [8]. - The industry is experiencing a trend towards concentration, with larger institutions benefiting from branding and internationalization opportunities [9]. Competitive Landscape - Tian Su Measurement's main competitors include Guangdian Measurement and the China National Institute of Metrology. In 2024, the company achieved a market share of approximately 5.91% in the calibration segment, slightly lower than the leading competitor [10]. - The company faces challenges such as high sales expense ratios compared to R&D expenses, which raises concerns about its focus on marketing over research and development [10].