A-share subscription | Tiantou Metrology (301449.SZ) opens the main subscription business for professional technical services such as measurement, calibration, testing, and certification

The Zhitong Finance App learned that on December 12, Tiantou Metering (301449.SZ) began the subscription. The issue price was 36.8 yuan/share, and the subscription limit was 40,000 shares, with a price-earnings ratio of 21.78 times. It belongs to the Shenzhen Stock Exchange, and China Merchants Securities is its sponsor.

According to the prospectus, Tiansu Metrology was founded in 2009. It is a national, comprehensive independent third-party measurement and testing service agency. Its main business is professional technical services such as measurement, calibration, testing, and certification. Its customers cover various fields of the national economy such as biomedicine, automobiles, new energy, rail transit, energy and electricity, light industry and daily chemicals, and equipment manufacturing. The company is committed to protecting enterprise quality through high-quality and efficient professional technical services, helping the high-quality development of China's manufacturing, and implementing the strategic requirements of a strong manufacturing country and a strong quality country.

By the end of June 2025, the company had developed and perfected a total of 1,417 calibration services in the top ten measurement and calibration fields, including geometric quantity, heat, mechanics, electromagnetics, radio, time and frequency, acoustics, optics, chemistry, ionizing radiation, and comprehensive special measuring instruments, and further developed the consumer battery, power battery and energy storage battery testing services. The company has set up gridded measurement, calibration and testing laboratories in Guangdong, Guangxi, Yunnan, Hunan, Hubei, Jiangsu, Henan, Shanxi, Shaanxi, Xinjiang, etc., and has obtained approval from the China National Accreditation Committee for Conformity Assessment (CNAS) and inspection and testing agency qualification (CMA), respectively. The company's Hainan Tianzhong Laboratory obtained measurement authorization from the statutory measurement and verification agency; the subsidiary Tiansu International was approved by the National Certification and Accreditation Administration (CNCA).

At the same time, Tiansu Metrology has set up 27 key laboratory locations to achieve a “grid” layout of the nationwide market area, which can achieve quick response and efficient service. It is one of the few national and comprehensive independent third-party measurement and testing service agencies in China.

The company began developing a battery testing service business in 2018, mainly providing battery testing services for consumer batteries, power batteries, and energy storage batteries. The company's testing business has served a wide range of new energy battery companies such as China Airlines, Juwan Technology Research, Everweft Lithium Energy, Honeycomb Energy, and Haichen Energy Storage, as well as new energy vehicle companies such as GAC Group, GAC Aian, and Xiaopeng Motors.

After years of development, the company has grown into one of the large-scale third-party measurement and calibration institutions with the widest service area and the largest number of project capabilities in the domestic measurement and calibration industry. It has set up measurement and calibration laboratories in many cities in China and is equipped with advanced measurement and calibration equipment. In the future, the company will continue to increase its market network layout in the field of measurement and calibration services, expand further into innovative directions such as smart metering and online measurement, and continue to consolidate its position in the measurement and calibration segment.

On the financial side, the company's overall performance during the reporting period showed an upward trend. In 2022, 2023, 2024, and January-June 2025, the company achieved operating income of about 597 million yuan, 726 million yuan, 800 million yuan and 409 million yuan respectively; in the same period, it recorded net profit of 84.3854 million yuan, 101 million yuan, 111 million yuan and 555.762 million yuan.