- Business
- Xuchang KETOP Testing Research Institute Co.,Ltd (003008.SZ) operates as a third-party testing institution principally engaged in providing comprehensive inspection and certification services for power system equipment and related technologies in China. The company offers testing services for power system secondary equipment including relay protection and automation devices; smart micro-grid control equipment and systems; electric vehicle charging and battery swap systems; medical electrical equipment; surveillance system products; and electronic components, supported by four national quality inspection centers with accreditation from CMA and CNAS, over 600 authorized standards, and more than 2,000 sets of testing equipment serving over 1,500 customers annually. It also provides other technical services and sells testing equipment, primarily targeting power utilities, new energy providers, and manufacturers in the industrials sector. Founded in 2005 and headquartered at No. 17 Shangde Road, Xuchang City, Henan Province, China, the company maintains operations through its Xuchang base and a wholly-owned subsidiary, Zhuhai KETOP Testing Technology Co., Ltd., established in 2016 and located at No. 323 Keji 1st Road, Tangjiawan Town, Zhuhai City, Guangdong Province, to expand regional testing capabilities. In recent developments, the company reported robust financial growth in its 2024 annual results with revenue of CNY 221 million, up 15.99% year-over-year, and net profit attributable to shareholders of CNY 85.56 million, up 45.52%, driven by steady expansion in new power system equipment testing services; it proposed a cash dividend of CNY 5 per 10 shares and announced equity distribution plans for the first three quarters of 2025, while certain shareholders face ongoing share lock-up agreements expiring through September 2025.