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Chinese testing, inspection and certification (TIC) services provider for industrial and consumer products.
Chinese testing, inspection and certification (TIC) services provider for industrial and consumer products.
In one line: A smaller Chinese SGS/Bureau Veritas for product testing and certification.
Moat: narrow (regulatory licence, brand). Accredited testing/certification licences create switching and trust barriers.
Headquarters: China · Employees: 3,219
Size United Testing Inspection And Certification Technology (301115.SZ) is a China Industrials company (Engineering & Construction) with a market value of $702M, the 3053rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.75 on 6 Nov 2026.
Performance Over six months the shares gained 22.2%, against -16.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +10.5%); the operating margin is -1.4% (peer median 8.8%).
Valuation It trades at 135.5× forward earnings against a peer median of 14.9× (most expensive of 11).
Capital Return on invested capital runs 6.5 points below its cost of capital (8.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.49B | CN¥1.41B | CN¥1.35B | CN¥1.36B | CN¥1.15B |
| Revenue growth | — | +4% | 0% | +18% | — |
| Gross profit | CN¥609M | CN¥463M | CN¥440M | CN¥464M | CN¥422M |
| EBITDA | n/a | CN¥138M | CN¥123M | CN¥144M | CN¥198M |
| Net income | -CN¥43.5M | CN¥21.5M | CN¥16.5M | CN¥101M | CN¥163M |
| Free cash flow | -CN¥9.07M | -CN¥60.8M | -CN¥34.7M | -CN¥140M | -CN¥82.9M |
| Capital expenditure | CN¥209M | CN¥224M | CN¥161M | CN¥152M | CN¥103M |
| Total debt | CN¥769M | CN¥504M | CN¥442M | CN¥429M | CN¥235M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| United Testing Inspection And Certification Technology 301115.SZ | $702M | +22% | +5% | -1% | 135.5× | n/a |
| Sgs SGSN.SW | $24.8B | +21% | +5% | 15% | 24.5× | 3.1% |
| Bureau Veritas BVI.PA | $14.9B | +13% | +2% | 15% | 20.2× | 7.9% |
| Centre Testing International 300012.SZ | $3.96B | -5% | +15% | 16% | 22.1× | 14.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 301115.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.1% | -4.4% | 2nd lowest of 21 |
| 6-month return | +22.2% | -16.4% | 3rd highest of 21 |
| Distance from 52-week high | -34.0% | -35.4% | 10th highest of 21 |
| Revenue growth (TTM) | +5.4% | +10.5% | 9th lowest of 21 |
| Operating margin | -1.4% | 8.8% | 2nd lowest of 21 |
| Forward P/E | 135.5× | 14.9× | most expensive of 11 |
| ROIC minus cost of capital | -6.5 pp | +3.2 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| United Testing Inspection And Certification Technology 301115.SZ | China | $702M | +22% | +5% | -1% | 135.5× | n/a | n/a |
| Anhui Orivie Technology 300692.SZ | China | $702M | -7% | -6% | 21% | n/a | 10.9% | +0.1% |
| Shanghai CDXJ Digital Technology 603887.SS | China | $705M | -49% | +79% | 3% | n/a | n/a | n/a |
| Ceigall India CEIGALL.NS | India | $708M | +5% | +20% | 13% | 18.5× | n/a | n/a |
| Zhejiang Yasha Decoration 002375.SZ | China | $695M | -16% | -25% | 6% | n/a | -0.2% | -3.3% |
| Da-Cin Construction 2535.TW | Taiwan | $693M | +23% | +36% | 8% | n/a | -10.6% | +7.9% |
| Cardinal Infrastructure CDNL | United States | $691M | -73% | +90% | 8% | 6.8× | n/a | n/a |
| Dilip Buildcon DBL.NS | India | $688M | -17% | -19% | 16% | 25.7× | n/a | n/a |
| Yondenko 1939.T | Japan | $685M | +10% | +7% | 11% | n/a | 1.1% | +2.1% |
| Yokogawa Bridge 5911.T | Japan | $679M | -6% | +4% | 8% | 12.9× | -12.8% | +1.1% |
| Shanghai Pudong Construction 600284.SS | China | $739M | -28% | -17% | 1% | n/a | n/a | n/a |
| Kingfore Energy 001210.SZ | China | $662M | +32% | +15% | 12% | n/a | 13.4% | +9.6% |
| Boustead Singapore F9D.SI | Singapore | $662M | -35% | +18% | 12% | 9.3× | -11.4% | -1.9% |
| Bowman Consulting BWMN | United States | $745M | -19% | +14% | 5% | 18.8× | 30.3% | +32.1% |
| ISGEC Heavy Engineering ISGEC.NS | India | $746M | -11% | +21% | 6% | n/a | 22.1% | +5.0% |
| Shenzhen Grandland 002482.SZ | China | $658M | -32% | +46% | -4% | n/a | 24.9% | -33.5% |
| Suzhou West Deane New Power Electric 603312.SS | China | $750M | -18% | -8% | 9% | 20.2× | 7.1% | +62.0% |
| PS Construction 1871.T | Japan | $656M | -17% | +6% | 9% | n/a | n/a | n/a |
| Hj Shipbuilding & Construction 097230.KS | South Korea | $752M | -61% | +27% | 6% | 5.7× | n/a | n/a |
| Hibiya Engineering,Ltd 1982.T | Japan | $753M | -8% | +2% | 12% | 11.4× | -3.4% | +5.2% |
| Southern Cross Electrical Engineering SXE.AX | Australia | $755M | -14% | -10% | 9% | 16.9× | -4.8% | +14.2% |