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Cape Testing: Zero research reports since listing, institutional investors have left the market one after another! Generous dividends but "stingy" on R&D

2024-08-20

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Source: Securities Times

Among the listed companies in the testing service industry, there are currently 4 listed companies that have disclosed their semi-annual reports, namely, China Academy of Building Research, Xince Standard, Huace Testing, and Cape Testing. Among them, Cape Testing had the highest net profit growth rate in the first half of the year, reaching 24.26%. As of the close of August 19, the company's price-to-earnings ratio was 26.15 times, higher than the other three companies and higher than the overall price-to-earnings ratio of the same industry.

According to the data, Cape Testing's main business is testing services for new power system equipment, other technical services and sales of testing equipment. The company's core competitiveness is mainly reflected in its industry position advantages, technical advantages and innovative management advantages. Relying on its rich industry experience and solid relay protection testing technology, the company has been approved as the "National Relay Protection and Automation Equipment Quality Inspection and Testing Center", "National Smart Microgrid Control Equipment and System Quality Inspection and Testing Center", and "National Electric Vehicle Charging and Swapping System Quality Inspection and Testing Center".

Cape Testing went public in September 2020. At the beginning of the listing period, the original shareholders of the company were all natural person shareholders except Xuchang Cape Electric Research Institute Co., Ltd. In the nearly four years since its listing, a total of four new institutional investors have appeared among the top ten circulating shareholders of the company. However, in the first quarter of this year, these new institutional investors are no longer on the list.