The profit of third-party testing institutions is about 70-80%, which is a very profitable industry.
The third-party testing organization, also known as fair testing, refers to an object other than two interrelated subjects, which we call the third party. The third party can be related to or independent of two subjects. It is a fair and authoritative commodity inspection activity conducted by a third party (such as a full-time supervision and inspection institution) other than the buying and selling interests in accordance with relevant laws, standards or contracts.
Third-party testing company status
Third-party testing institutions started very late in China, basically after 2000. At present, the domestic testing situation is that national testing institutions are responsible for domestic products, such as Quality Supervision Bureau and CDC, while foreign testing institutions are mainly responsible for export, and domestic third-party testing institutions survive in the cracks.
In China, domestic third-party testing institutions are not welcomed by the majority of businesses because of their low starting point and late start. However, due to the growth of domestic and foreign trade, more professional third-party testing institutions are needed, and there is a demand for domestic third-party testing institutions.