Source: Yicaixin
Author: Tong Muyao
According to public data, from 2016 to 2022, the compound growth rate of the market size of China's inspection and testing industry is 12.90%, and the compound growth rate of the number of reports issued is 10.40%.
On June 29, 2023, the IPO of Shenzhen Tiansu Metrology and Testing Co., Ltd. (hereinafter referred to as Tiansu Metrology), a third-party measurement and testing service provider, was accepted, and by the end of the year, the company had completed a round of inquiry responses, and the Shenzhen Stock Exchange issued a second round of inquiry letters to it, and the latest developments showed that the review was suspended due to the update of financial information.
As soon as the IPO was accepted, it was involved in a storm of falsified data
The main business of Tiansu Metrology is professional technical services such as measurement and calibration, testing and certification, and its customers involve many fields of the national economy such as biomedicine, automobiles, new energy, rail transit, energy and power, light industry and daily chemicals, equipment manufacturing, etc. According to the prospectus, Tiansu Metrology 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 metrology and calibration industry, and has set up metrology and calibration laboratories in many cities in China and is equipped with advanced metrology and calibration equipment.
From 2020 to January to June 2023 (hereinafter referred to as the reporting period), the total revenue of the three services was 385.8682 million yuan, 494.1215 million yuan, 596.9774 million yuan and 327.4049 million yuan respectively.
As one of the three pillar industries of modern technology, the accuracy of measurement data has a great impact on customers. According to the Metrology Law and other relevant provisions, if the use of substandard measuring instruments or the destruction of the accuracy of measuring instruments and falsification of data cause losses to the state and consumers, they shall bear the compensation for the losses, and at the same time confiscate the measuring instruments and illegal gains, and may be fined concurrently.
Tiansu Metrology also attaches great importance to providing customers with measurement and calibration data. In a round of inquiry responses, Tiansu Metrology stated that it was responsible for the accuracy and authenticity of the measurement and calibration results. At the same time, it said that it did not compensate customers for issuing false reports and providing false data during the reporting period.
However, according to the information reported by the media, Tiansu Metrology was involved in a data falsification storm just after the IPO was accepted.
"Fazheng Online" is the official platform of the "Fazheng Online" column of Zhumadian Radio and Television Station. The WeChat announcement platform published a report on October 24, 2023 that on July 11, 2023, the Zhumadian City Market Supervision Comprehensive Administrative Law Enforcement Detachment inspected Zhumadian Anda Motor Vehicle Safety Testing Co., Ltd. (hereinafter referred to as "Anda Motor Vehicle"), including the use of the environmental protection testing line equipment in use, the verification certificate, calibration certificate of the equipment in use and some vehicle inspection and testing reports issued, and found that Anda Motor Vehicle was suspected of issuing false inspection and testing reports.
(Screenshot from Fazheng Online WeChat public platform)
According to the report, Chubb Motor Vehicle falsified data and issued false test reports during the calibration of the digital barometric pressure gauge on the test line in use. It should be noted that the calibration time of the relevant reports is August 26, 2022 and September 2, 2022 respectively, and the calibration location and environmental conditions are in the Tiansu metering thermal room.
Previously, in April 2019, Tiansu Metrology issued a statement on its official website, saying, "Recently, our company has received relevant reports, reflecting that there are non-our institutions or personnel claiming that they have obtained the authorization of Tiansu Metrology to provide measurement and testing services to the society, and falsify our certificate reports and other illegal acts." ”
Whether Tiansu Metrology was a participant or a victim in the Chubb motor vehicle falsification data scandal was sent to its public mailbox for verification, but the company failed to provide an explanation and reply as of press time.
There are discrepancies between the responses to inquiries and the publicly available information
In addition to being involved in the turmoil of data falsification, the discrepancies between the responses to inquiries and the public data also need attention.
According to the reply to a round of inquiries, Guangzhou Tiansu Testing Technology Co., Ltd. (hereinafter referred to as Guangdong Tiansu), which is mainly engaged in new energy battery testing services, was established in August 2018, and Tiansu Measurement was its controlling shareholder when it was established. As of the end of 2019, Guangzhou Tiansu had a paid-in registered capital of 11.30 million yuan, and the book has continued to lose 4.00 million yuan.
In January 2020, based on the amount of paid-in capital of shareholders, Tiansu Measurement acquired a total of 30% of the shares of Guangdong Tiansu held by four natural person shareholders, of which the total paid-in capital of four natural persons before the acquisition was 390,000 yuan.
According to the 2018 industrial and commercial annual report of Guangdong Tiansu published by Qixin.com, all shareholders, including Tiansu Measurement, have completed the paid-in of all registered capital, but the date of paid-in capital contribution is not disclosed in the industrial and commercial annual report. According to the 2019 industrial and commercial annual report published by Qixin.com, the date on which the four natural shareholders completed the paid-in of registered capital was November 8, 2018, and the time when Tiansu Measurement completed the paid-in was December 28, 2018.
(Screenshot from Qixin.com)
Among them, the paid-in capital of Tiansu measurement is 14.91 million yuan, and the total paid-in capital of the remaining four natural persons is 6.39 million yuan, a total of 21.30 million yuan.
There are inconsistencies between the information in the annual report of Guangdong Tiansu and the content of the reply to the inquiry.
Not only that, the reply to the inquiry also has a similar situation with respect to the letter of Hainan Tianzhong Metrology and Testing Technology Co., Ltd. (hereinafter referred to as Hainan Tianzhong).
In 2021, Tiansu Metrology acquired 100% of the shares of Hainan Tianzhong held by him from Jin Zerui, a natural person shareholder, at a purchase price of 2.00 million yuan, and the goodwill formed by this acquisition was 1.6289 million yuan.
(Screenshot from Qixin.com)
(Screenshot from Qixin.com)
The inquiry replied that Jin Zerui, a shareholder of the acquisition of Hainan Tianzhongyuan, had a total paid-in capital of 1.50 million yuan during the operation of Hainan Tianzhong. However, according to the industrial and commercial annual report published by Qixin.com, in 2020, the paid-in capital of Jin Zerui and Yun Hongyan, two natural person shareholders of Hainan Tianzhong, was 0 yuan, and the annual report of industry and commerce in the following year showed that the paid-in capital contribution of Hainan Tianzhong shareholders was 2.00 million yuan, and the paid-in time was December 23, 2021, and the paid-in time was after the change of shareholders.