EASA(SZ:300215)2022-12-04 09:02Group 1: Company Overview - Suzhou Electrical Science Research Institute Co., Ltd. was established in 1965 and has developed into the largest independent third-party testing and certification institution in the field of power transmission and transformation equipment in China [2][3] - The company currently employs approximately 1,300 staff and has been authorized by various national authorities to establish multiple national quality supervision and inspection centers [3][4] Group 2: Business Goals and Financial Projections - The company aims to increase its operating revenue from 800 million CNY in 2019 to 1.45 billion CNY by 2023 [4] - Future revenue targets include reaching approximately 1.5 billion CNY within five years [5] Group 3: Certification and Testing Integration - The company has been recognized as a certification body by the National Certification and Accreditation Administration, achieving an integrated model of testing and certification [4][5] - The integration of testing and certification is seen as a significant growth point for future revenue, with international peers generating a larger proportion of their income from certification [4][5] Group 4: Competitive Advantages - The company possesses high barriers to entry in terms of qualifications, technology, and funding, along with a well-established power supply system [5] - It has advanced testing capabilities, including 18 generators with varying capacities, which enable it to conduct complex destructive tests [5] Group 5: Market Outlook and Client Base - The company serves over 10,000 clients and is committed to providing high-quality one-stop services [6] - The market outlook is positive, driven by increasing national policies emphasizing safety and quality, particularly in the power transmission and transformation sectors [6][7] Group 6: Future Developments and Upgrades - The company plans to upgrade its laboratory equipment according to industry standards over the next 15 to 20 years [6] - Continuous changes in standards and regulations necessitate regular retesting of products, indicating a growing demand for testing services [7]