Investor Presentaiton
CTI: Fragmented industry with resilient growth
China has become one of the world's fastest-growing TIC markets driven by increasing demand for regulation of new materials,
products, hi-tech equipment, and systems and processes across industries
Revenue per capita
RMB
900,000
Net profit per capita
RMB
120,000
800,000
100,000
700,000
600,000
80,000
500,000
60,000
400,000
300,000
40,000
200,000
20,000
100,000
0
0
CTI
Guangzhou
GRG
2016 2017 2018 2019 2020 2021
Pony Testing
CTC
Suzhou Sushi
Testing
CTI
Guangzhou
GRG
Pony Testing
CTC
Suzhou Sushi
Testing
2016 2017 2018 2019 2020 2021
TIC industry's CAPEX vs. revenue
Operating cash flow vs. net profit
45%
4.0
40%
3.5
35%
3.0
30%
2.5
25%
2.0
20%
15%
1.5
10%
1.0
5%
0.5
0%
0.0
CTI
Guangzhou GRG Pony Testing
CTC
Suzhou Sushi
CTI
Guangzhou GRG Pony Testing
Testing
2016 2017 2018 2019 2020 2021
2016 2017 2018 2019 2020 2021
Source: Company data, May 2023
CTC
Suzhou Sushi
Testing
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