STI(SZ:300416)2022-12-06 01:46Group 1: Company Overview - Suzhou Su Shi Testing Instrument Co., Ltd. primarily serves military and civilian clients, with both segments growing in recent years [2] - The company’s testing equipment was initially focused on military enterprises, but the share of civilian clients has been increasing due to higher quality demands [2] Group 2: Testing Services and Standards - The company’s testing services are not mandatory but are subject to high industry standards in sectors like military and high-speed rail [3] - Automotive companies have their own testing standards, indicating a diverse range of client requirements [3] Group 3: Capital Increase and Development - The capital increase projects are aligned with the company’s core business, focusing on expanding testing equipment from mechanical to climate environments and enhancing comprehensive service offerings [3] - The capital increase aims to accelerate the company’s development process [3] Group 4: Client Base and Service Growth - The client base for testing equipment and services largely overlaps, with national laboratories served regionally [3] - Service growth is driven by expanding testing capabilities, increasing laboratory scale, and adding more laboratory locations [4] Group 5: Equipment and Profitability - The selling price of testing equipment has remained stable, but gross profit margins have declined due to rising costs [4] - The company’s new integrated testing system ensures precise consistency in meeting customer demands [4] Group 6: Personnel and Training - Different positions in testing require varying qualifications, with the company providing comprehensive training from experienced experts [4] - Vibration testing equipment is primarily used during the product development phase, with sampling tests conducted post-finalization [4]