CSRC approves TianSu Measurement's listing on the Growth Enterprise Market IPO

On October 31st, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Shares of Shenzhen Tianyu Measurement and Testing Co., Ltd.". It is reported that Tianyu Measurement plans to list on the ChiNext board of the Shenzhen Stock Exchange, with CMSC as its sponsor, aiming to raise 4.239 billion yuan. According to the prospectus, Tianyu Measurement is a national, comprehensive independent third-party measurement and testing service organization, specializing in measurement calibration, testing, certification, and other professional technical services. Its clients involve multiple sectors of the national economy such as biopharmaceuticals, automobiles, new energy, rail transportation, energy and power, light industry, daily chemicals, and equipment manufacturing. As of the end of June 2025, the company has developed and perfected calibration services in ten major fields, including geometry, thermodynamics, mechanics, electromagnetics, radio, time and frequency, acoustics, optics, chemistry, and ionizing radiation, totaling 1,417 calibration services with comprehensive special measuring instruments. It has also expanded its consumer battery, power battery, and energy storage battery testing business. The company has established grid-based measurement calibration and testing laboratories in multiple regions such as Guangdong, Guangxi, Yunnan, Hunan, Hubei, Jiangsu, Henan, Shanxi, Shaanxi, and Xinjiang, and have obtained accreditation from the China National Accreditation Service for Conformity Assessment (CNAS) and qualification certification for inspection and testing institutions (CMA).