Testing standards: Net cash flow from operating activities in 2025 is expected to decrease by 8.96% year-on-year.

From: China Securities Journal · CS Network

CS Journal CS Network News (Reporter: Zhang Xingwang) On the evening of March 30, Ctesting Standard released its 2025 annual report. In 2025, the company achieved revenue of 804 million yuan, up 10.86% year over year; net profit attributable to shareholders of the listed company was 196 million yuan, up 11.49% year over year; net cash flow from operating activities was 214 million yuan, down 8.96% year over year.

Regarding the reasons for the decline in net cash flow from operating activities in 2025, Ctesting Standard stated that it was because operating payments increased in 2025.

Ctesting Standard is a third-party testing company. Its business is categorized by industry into two major segments: the testing business and the manufacturing of testing equipment. Among the testing business segment, it includes testing in the automotive field, testing of electronic and electrical products, testing of consumer goods for everyday use, and health and environmental testing.

The company faces the risk of intensifying market competition. Ctesting Standard stated that there are numerous testing institutions in China’s testing industry and the market concentration is relatively low. As China’s testing industry continues to deepen its market-oriented level, market competition among testing institutions is becoming increasingly fierce. Compared with international testing institutions, the company needs to further improve its testing technology level and market influence. If existing or potential competitors continuously penetrate the company’s main business areas and customer base through methods such as technological innovation, innovation in business models, expanding operating scale, low-price competition, and the like, it could lead to a decline in the company’s market share and revenue, exposing the company to the risk of intensifying market competition.

For its response measures, Ctesting Standard stated that the company will continue to improve the layout and construction of its national laboratory and market network, while steadily increasing technical investment and R&D investment, to build “one-stop” testing and certification comprehensive technical service capabilities, and to leverage and maintain the company’s advantages in brand, technology, quality, efficiency, and so on, thereby improving the company’s core competitiveness. At the same time, it will actively seize market opportunities and enhance market share and risk-resilience capabilities through means such as industry mergers and acquisitions and integration.

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