New stock news | Taixi and Detection submit listing application to Hong Kong Stock Exchange, mainly engaged in testing, inspection, and certification solutions.

According to the disclosure by the Hong Kong Stock Exchange on January 30, Tiandi Testing and Certification Group Limited (hereinafter referred to as Tiandi Testing) has submitted its application for listing on the Main Board of the Hong Kong Stock Exchange, with EB SECURITIES International as its sole sponsor. Company Overview According to the prospectus, Tiandi Testing is one of the testing, inspection, and certification solution service providers in mainland China. By providing TIC solutions that comply with regulatory requirements, the company assists clients in research and development work and facilitates global market access and sustainable operations. The company's solution services cover various fields including communications, automotive, consumer electronics, food, consumer goods, new energy products, facilities, and construction. According to data from Zhi Shi Advisory, despite the highly fragmented TIC service market in China, the country has over 53,000 TIC service providers. The company continues to maintain a competitive advantage (especially in the field of communications) with leading technological capabilities and market positions. Based on 2024 global revenue estimates, the company ranks fifth among independent third-party TIC service providers in China. The company's laboratories have comprehensive certification capabilities and have obtained CNAS certification covering over 16,000 test items in mainland China. Among FCC-certified laboratories in mainland China, the company has risen from sixth place in 2023 to fourth place in 2024 and third place in 2025. Additionally, the company has obtained recognition and authorization from regulatory agencies and industry organizations in multiple countries, including the US Federal Communications Commission (FCC), American Association for Laboratory Accreditation (A2LA), CTIA - The Wireless Association, CEC, US CPSC and PTCRB, China CCC, Canada ISED, Japan VCCI, Brazil INMETRO, Indonesia DJID and others, and has expertise in Bluetooth testing BQTF, mobile communication testing GCF, and electronic product testing CBTL. Tiandi Testing has a wide presence in major cities domestically and internationally, covering over 10 major cities including mainland China, Hong Kong, the United States, Indonesia, and Germany, and is preparing to establish a subsidiary in Brazil. The company's services help customers meet relevant regulatory and industry standards, ensuring product safety and functionality. Additionally, the company provides professional technical consulting services for the construction and new energy industries. These services include project management, grid testing, simulation modeling, safe operation practices, maintenance consulting, and calibration services. During the reporting period, the company's revenue mainly came from several segments, including: communication and automotive services, consumer and health services, industrial and facility services. In the fiscal years 2023, 2024, and the first nine months of 2025, the total purchases from the top five suppliers accounted for 53.2%, 33.3%, and 18.2% of the company's total purchases during the same period, respectively. Financial Information Revenue In the fiscal years 2023, 2024, and the first nine months of 2025, the company achieved revenues of approximately RMB 777 million, RMB 802 million, and RMB 591 million, respectively. Profit In the fiscal years 2023, 2024, and the first nine months of 2025, the company recorded annual/net profits of approximately RMB 37.2 million, RMB 50.02 million, and RMB 18.7 million, respectively. Gross Profit Margin In the fiscal years 2023, 2024, and the first nine months of 2025, the company's gross profit margins were 39.7%, 38.3%, and 40%, respectively. Industry Overview Global TIC Services Industry Market Size Against the backdrop of global intelligent and sustainable transformation, multiple intelligent high-growth tracks such as Siasun Robot&Automation, low-altitude economy, AI computing power, and advanced autonomous driving have opened up new market spaces for the TIC services industry, shifting from existing business to high-prosperity increment markets, accelerating the intelligent and systematic extension of businesses, becoming an important DRIVING force for the long-term growth of the industry scale in the future. From 2020 to 2024, the global TIC services industry market size grew rapidly from USD 227.5 billion to USD 319.3 billion, at a compound annual growth rate (CAGR) of 8.8%. It is expected to reach USD 445.9 billion by 2029, with a CAGR of 6.9%. From 2020 to 2024, the Chinese TIC services industry market size rapidly increased from RMB 358.9 billion to RMB 487.6 billion, at a CAGR of 8.0%. It is projected to reach RMB 724 billion by 2029, with a CAGR of 8.2%. Competition Landscape of TIC Services Industry The TIC services industry generally exhibits the characteristics of fragmentation and a long-tail market structure. The TIC services market in China is highly fragmented, with over 53,000 registered TIC service providers. Based on TIC service revenue in 2024, the company ranks fifth among independent TIC service providers in China. According to revenue data for the consumer electronics communication TIC in 2024, the company ranks first in the consumer electronics communication TIC market among comprehensive TIC companies in China. Consumer electronics communication TIC services mainly involve testing the communication functions of consumer electronics through simulating real network environments and usage scenarios to verify connectivity, data transmission, protocol processing capabilities, and compliance with related standards. FCC (Federal Communications Commission) certification is a mandatory requirement for communication products to enter the North American market. This certification is widely recognized as one of the most authoritative and influential certifications in the global communication industry and also has extensive reference value in global communication compliance practices. The number of FCC filings reflects the frequency of testing, certification, and regulatory approval activities carried out by TIC service providers and is usually used as an important indicator to measure their technical capabilities, service capacity, and operational scale in the wireless communication compliance services sector. In terms of FCC filings approved in 2025, the company ranks third in scale among TIC enterprises with registered laboratories in mainland China. Board of Directors The company's board of directors consists of 3 executive directors, 1 non-executive director, and 3 independent non-executive directors. Shareholding Structure As of January 24, 2026, Ms. Pan, Mr. Deng Jiankun, and Mr. Zheng Xijun constitute the controlling shareholders of the company according to a concerted action agreement. Ms. Pan directly holds 5.134% of the total issued shares, and through the ultimate controlling entity Hangzhou Zeshan holds 21.6349%, Tiandi Capital holds 9.3202%, Ningbo Qitai holds 1.3413%, Tiandi Huiyuan holds 2.1677%, Ningbo Tonglu holds 3.9082%, Hangzhou Wenjing holds 2.6457%, Nanjing Pure holds 0.787%, and Shanghai Vanjing holds 3.2522%. Mr. Deng Jiankun directly holds 7.5156% of the total issued shares, and through the ultimate controlling entity Shenzhen Zhiqi holds 2.5953%, Shenzhen Zhixun holds 0.7147%, and Ningbo Enterprise Management holds 0.2917%. And Mr. Zheng Xijun holds 0.1388% of the total issued shares. Professional Team Sole Sponsor: China Everbright Financ...