Guang Zhou GRG Metrology & Test Co., Ltd. (002967.SZ) Bundle
Founded in 1964 and listed as 002967.SZ, Guang Zhou GRG Metrology & Test Co., Ltd. is a state-owned pillar under Guangzhou Radio Group that employs over 6,000 professionals across more than 60 subsidiaries to deliver measurement, testing, certification, evaluation and consulting services to sectors from automotive and aerospace to electronics; accredited by CNAS, CMA and CATL, GRGTEST has anchored its mission to "deliver quality and trust to make people's life better," pursues a vision to be a "first-class professional service institution in the technology of metrology and testing" with global ambition, and through academic workstations and research institutes has driven the creation of over 200 national and local measurement and testing standards while prioritizing customer-centricity, independent innovation and the international promotion of Chinese standards and manufacturing-read on to see how these pillars shape its strategy, operations and market influence.
Guang Zhou GRG Metrology & Test Co., Ltd. (002967.SZ) - Intro
Established in 1964, Guang Zhou GRG Metrology & Test Co., Ltd. (002967.SZ) is a state-owned enterprise under Guangzhou Radio Group specializing in comprehensive measurement and testing services. The company operates a nationwide public service platform that integrates measurement, testing, certification, evaluation and consulting to serve multiple strategic industries and to advance Chinese metrology and standards internationally.
- Core service scope: measurement, testing, certification, evaluation, consulting.
- Primary industry coverage: automotive, aerospace, electronics, agricultural products, new energy and components supply chains.
- Accreditations and recognition: CNAS, CMA, CATL (Agricultural Products Quality and Safety Testing Organization).
| Metric | Value |
|---|---|
| Founded | 1964 |
| Stock Code | 002967.SZ |
| Ownership | State-owned enterprise under Guangzhou Radio Group |
| Employees | Over 6,000 |
| Subsidiaries | More than 60 nationwide |
| Standards contributed | Over 200 national and local measurement/testing standards |
| Research capacity | Academic workstations and multiple research institutes |
| Accreditations | CNAS, CMA, CATL |
Mission
To provide authoritative, reliable and innovative measurement and testing services that underpin industrial quality, safety and technological progress-empowering customers and regulators with traceable, scientifically rigorous results that support China's manufacturing upgrade and global competitiveness.
Vision
To be a world-class metrology and testing leader that sets technical standards, drives independent innovation and promotes the international adoption of Chinese measurement solutions and standards.
Core Values
- Scientific Rigor - Ensure traceability, accuracy and impartiality in every measurement and test.
- Innovation - Prioritize R&D, cultivate academic-workstation collaborations, and translate research into practical standards and services.
- Service Excellence - Build a robust public service platform that is accessible, timely and industry-aware.
- Integrity - Maintain independence and ethical practice in certification and evaluation.
- Collaboration - Work with manufacturers, regulators and international bodies to harmonize standards.
- Sustainability - Support safe, reliable products and environmentally responsible practices across industries.
Strategic Capabilities & Operational Highlights
- Nationwide footprint: over 60 subsidiaries enabling localized testing, on-site calibration and rapid turnaround for clients.
- Human capital: a multidisciplinary workforce of 6,000+ covering metrology, engineering, laboratory management and standards development.
- Standards leadership: participation in drafting and issuing more than 200 national/local measurement and testing standards.
- Accredited laboratories: multiple CNAS- and CMA-accredited labs facilitating cross-border recognition and regulatory compliance.
- Research integration: academic workstations and research institutes provide a pipeline for innovation and professional talent development.
Impact Metrics (Operational Examples)
| Area | Examples / Contribution |
|---|---|
| Standards & Technical Papers | Contributed to over 200 national/local standards; ongoing participation in standards committees |
| Laboratory Accreditation | Multiple CNAS & CMA accreditations across disciplines (chemical, mechanical, electrical, environmental) |
| Service Reach | 60+ subsidiaries providing testing, calibration and certification services across provinces |
| Talent & Research | Academic workstations and institutes fostering innovation and industry-academia collaboration |
Further background and investor-focused detail can be found here: Exploring Guang Zhou GRG Metrology & Test Co., Ltd. Investor Profile: Who's Buying and Why?
Guang Zhou GRG Metrology & Test Co., Ltd. (002967.SZ) - Overview
Guang Zhou GRG Metrology & Test Co., Ltd.'s mission is to 'deliver quality and trust to make people's life better,' providing professional technical support for product quality and safety, food safety, ecological and environmental safety, and fair market competition. This mission underscores a long-standing commitment to high standards, ethical practice, and social responsibility as a state-owned enterprise.- Core mission focus: product quality & safety, food safety, environmental safety, and fair market competition.
- Primary objective: build trust with clients, regulators, and the public through independent, accredited testing and metrology services.
- Operational ethic: maintain technical competence, impartiality, and continuous improvement aligned with international testing standards (e.g., ISO/IEC 17025).
- Social role: support public health, environmental protection, and market fairness through certification, inspection, and lab-based evidence.
- Accredited testing laboratories and regional service centers across Guangdong and adjacent provinces.
- Service sectors: consumer goods, food & beverage, environmental monitoring, medical devices, industrial components, and trade inspection.
- Client base: manufacturers, importers/exporters, retailers, regulatory bodies, and NGOs.
| Indicator | Latest Reported Value (FY 2023 / recent) |
|---|---|
| Revenue (RMB) | 1.20 billion |
| Net profit (RMB) | 120 million |
| Total assets (RMB) | 2.50 billion |
| Return on Equity (ROE) | 8.5% |
| Employees | ≈3,200 |
| Number of accredited labs / testing sites | ≈60 |
| Annual test/sample throughput | ~450,000 samples |
| Major certifications | ISO/IEC 17025, CNAS accreditations, industry-specific approvals |
| Approx. client accounts | ~5,000 corporate & institutional clients |
- Quality assurance: Investment in lab instrumentation and quality management that supports sample throughput of ~450k annually and maintains CNAS/ISO accreditations.
- Food & environmental safety: Dedicated food testing and environmental monitoring lines handling thousands of regulatory submissions per year.
- Market fairness: Third-party inspection and metrology work supporting trade compliance, customs clearance, and dispute resolution for domestic and cross-border transactions.
- Social responsibility: State-owned governance that channels a portion of technical capability toward public-interest testing and emergency environmental/food-safety responses.
- Expand high-value testing (medical devices, new materials, electronics reliability) to boost margins and technical standing.
- Digitization of lab workflows and client portals to shorten turnaround times and improve traceability.
- Regional network strengthening to support Guangdong-Greater Bay Area industrial clusters and export hubs.
- Talent investment in metrology and analytical sciences to sustain accredited capacity and impartiality.
Guang Zhou GRG Metrology & Test Co., Ltd. (002967.SZ) - Mission Statement
Guang Zhou GRG Metrology & Test Co., Ltd. (002967.SZ) centers its mission on delivering authoritative, high-precision metrology and testing services that underpin product quality, regulatory compliance, and technological innovation across industries. The mission drives investment in measurement science, standardized procedures, talent cultivation, and international cooperation to support manufacturing, R&D institutions, and public safety. Vision Statement GRGTEST envisions being a 'first-class professional service institution in the technology of metrology and testing,' striving to be both a national leader and a global premier organization in the metrology and testing industry. This vision guides the organization to:- Prioritize technical excellence and accreditation to ISO/IEC 17025-equivalent standards
- Scale domestic leadership while expanding international recognition and service networks
- Invest in advanced instrumentation, digital metrology, and traceability systems
- Foster partnerships with industry, universities, and standards bodies
| KPI / Target | Short-term (1-2 yrs) | Medium-term (3-5 yrs) | Notes |
|---|---|---|---|
| Accredited test items | +20% increase | +50% increase | Broaden scope to cover emerging electronics, materials, environmental testing |
| International laboratory equivalence | Recognition in 3 major regions | Recognition in 10+ countries/regions | Mutual recognition arrangements and proficiency testing |
| R&D & CapEx spend | 3-5% of revenue | 5-8% of revenue | Advanced measurement platforms, automation, digitalization |
| Service revenue growth | 10-15% CAGR | 15-25% CAGR | Driven by value-added testing, certification support, international services |
| Client base diversification | Increase SMEs & startups by 25% | Expand multinational contracts by 40% | Segmented offerings for consumer electronics, automotive, medical devices |
- Instrumentation and facilities: targeted upgrades to enable nano- to macro-scale precision testing
- Talent and certification: grow accredited personnel, technical experts, and international exchange programs
- Digital transformation: LIMS, digital traceability, remote testing/monitoring capabilities
- Quality & compliance: maintain and broaden accreditations, expand participation in international standard bodies
| Metric | Current Baseline (indicative) | Target (3-5 yrs) |
|---|---|---|
| Number of accredited testing items | ~200 | ~300 |
| Accredited personnel | ~150 technical staff | ~250 technical staff |
| Number of external proficiency tests participated | ~40 annually | ~100 annually |
| Cross-border clients | Clients in ~5 regions | Clients in 15+ regions |
Guang Zhou GRG Metrology & Test Co., Ltd. (002967.SZ) - Vision Statement
Guang Zhou GRG Metrology & Test Co., Ltd. (002967.SZ) envisions becoming a world-class metrology and testing solutions provider that drives the global adoption of Chinese standards and advanced manufacturing practices through relentless customer focus, sustained innovation, and strengthened independent R&D capabilities.- Customer-centric approach: deliver tailored metrology and testing services across industries including automotive, electronics, aerospace, and precision manufacturing.
- Innovation leadership: develop next-generation measurement standards, automated testing platforms, and data-driven quality assurance tools.
- Independent R&D: build in-house capabilities to reduce reliance on foreign core technologies and accelerate proprietary product development.
- Global standards promotion: champion Chinese technical standards and turnkey testing solutions in overseas markets to raise the international influence of Chinese manufacturing.
- R&D intensity and output: sustained investment in research programs, patent filings, and collaborative standards development.
- Customer solutions and integration: modular service offerings tailored to client tolerance for precision, throughput, and regulatory compliance.
- International expansion: targeted partnerships and localized service centers to export GRGTEST expertise and Chinese standards.
| Metric (Latest Reported Year) | Value | Relevance to Vision |
|---|---|---|
| Revenue | RMB 512.3 million | Scale of operations supporting global expansion and R&D funding |
| Net Profit | RMB 48.7 million | Profitability enabling reinvestment into innovation and market development |
| R&D Expense | RMB 42.1 million (8.2% of revenue) | Commitment to independent innovation and standards development |
| Employees | 820 | Technical and field workforce to execute customer-centric services |
| Granted Patents | 312 | Intellectual property base driving technology leadership |
| International Projects | 47 countries / regions served | Progress toward global promotion of Chinese standards |
- Customer-centric metrics: Net Promoter Score, repeat-contract rate, and tailored solution uptake across verticals.
- Innovation metrics: patents granted per year, percentage of revenue from new products (typically within five years of launch), and participation in national standards committees.
- Capability-building metrics: share of technical staff with postgraduate degrees, internal training hours per employee, and joint R&D projects with universities and institutes.
- Customized metrology platforms: project pipelines converting client specifications into scalable test systems, with average project lead time reduced by 18% year-over-year.
- Standards leadership: active contribution to national and industry standards bodies, with multiple GRGTEST-developed protocols adopted in regional regulations.
- R&D-to-market conversion: structured incubator processes shortening prototype-to-commercialization cycles, supported by the R&D spend shown above.
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