Core Viewpoint - Zhenlan Instrument (301303.SZ) reported its Q3 2025 results, highlighting a significant institutional investment presence with a total of 1.59 billion shares held by six institutional investors, representing 38.91% of the company's total equity [1] Institutional Investment - As of October 27, 2025, six institutional investors disclosed their holdings in Zhenlan Instrument, totaling 1.59 billion shares, which accounts for 38.91% of the total share capital [1] - The institutional holding percentage increased by 0.23 percentage points compared to the previous quarter [1] Public Fund Participation - In this reporting period, 47 public funds were disclosed, which were not reported in the previous quarter [1] - Notable public funds include Wanjiaguo Zheng 2000 ETF, Taiping Fengtai One-Year Open-End Bond Initiated Fund, and Huaxia Zhisheng New Star Stock A [1]

Core Viewpoint - The company, Shanghai Zhenlan Instrument Technology Co., Ltd., has released its third-quarter financial report for 2025, which has not been audited, and emphasizes the accuracy and completeness of the financial information provided by its board and management [1][2][5]. Financial Data Summary - The financial report indicates that there are no adjustments or restatements required for previous years' accounting data [3]. - The report confirms that there are no non-recurring profit and loss items applicable for the current period [3]. - The company has not experienced any significant changes in its major accounting data and financial indicators [3][4]. Shareholder Information - The report includes details about the total number of common shareholders and the status of the top ten shareholders, although specific figures are not provided [4]. - There are no changes reported in the shareholding structure of the top ten shareholders compared to the previous period [4]. Other Important Matters - The report states that the net profit of the merged entity prior to the merger was 0.00 yuan for both the current and previous periods [5]. - The company has not adopted any new accounting standards that would affect the financial statements for the current reporting period [5].

Group 1 - The core viewpoint of the article highlights that Zhenlan Instrument reported a third-quarter revenue of 483 million yuan, representing a year-on-year increase of 14.40% [1] - The net profit for the third quarter was 103 million yuan, showing a slight decline of 0.38% compared to the previous year [1] - For the first three quarters, the total revenue reached 1.253 billion yuan, which is a year-on-year growth of 21.68% [1] - The net profit for the first three quarters was 250 million yuan, reflecting a year-on-year increase of 7.46% [1]

Revenue and Profit - Q3 2025 revenue reached ¥483,337,898.46, an increase of 14.40% year-over-year, while year-to-date revenue totaled ¥1,253,197,797.55, up 21.68% compared to the same period last year[4] - Net profit attributable to shareholders was ¥102,625,602.09, a slight decrease of 0.38% year-over-year, with year-to-date net profit at ¥249,939,296.24, reflecting a 7.46% increase[4] - Total operating revenue for the period reached ¥1,253,197,797.55, an increase from ¥1,029,899,157.47 in the previous period, representing a growth of approximately 21.7%[17] - Net profit for the period was ¥257,302,264.14, compared to ¥237,487,403.02 in the prior period, reflecting an increase of approximately 8.3%[18] - Total comprehensive income for the period reached ¥257,302,264.14, an increase from ¥237,487,403.02 in the previous period, representing a growth of approximately 8.3%[19] Earnings Per Share - Basic and diluted earnings per share for Q3 2025 were both ¥0.25, down 0.38% from the previous year, while year-to-date earnings per share were ¥0.61, up 7.02%[4] - Basic and diluted earnings per share increased to ¥0.61 from ¥0.57, reflecting a growth of 7.0%[19] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥112,214,990.55, showing a significant increase of 259.50%[4] - Cash flow from operating activities generated ¥1,239,770,256.66, up from ¥881,392,070.47, indicating a significant increase of approximately 40.7%[20] - Cash inflow from investment activities totaled ¥1,818,898,637.68, compared to ¥1,530,092,499.33, marking an increase of about 18.9%[21] - Net cash flow from investment activities was ¥44,173,223.40, up from ¥32,942,331.98, showing an increase of approximately 34.2%[21] - Cash flow from financing activities resulted in a net outflow of ¥142,355,378.92, a decrease from a net inflow of ¥105,635,230.80 in the previous period[21] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥4,564,477,725.58, representing a 6.71% increase from the end of the previous year[4] - Total current assets reached ¥2,708,541,265.97, up from ¥2,452,045,361.32, indicating an increase of approximately 10.5%[15] - Total liabilities increased to ¥1,143,416,581.47 from ¥966,974,236.07, reflecting a rise of about 18.3%[16] - The company's total assets grew to ¥4,564,477,725.58 from ¥4,277,423,565.40, representing an increase of approximately 6.7%[16] Operational Metrics - The company reported a significant increase in construction projects, with "in-progress construction" rising to ¥117,444,924.75, a 99.86% increase[8] - The company experienced a 52.18% decrease in receivables financing, attributed to the discounting of bank acceptance bills[8] - Long-term borrowings increased to ¥23,976,696.40, reflecting the company's strategy to secure additional financing[8] Expenses - Sales expenses increased by 49.52% to ¥149,755,872.48 due to higher employee compensation, service fees, and depreciation[9] - Financial expenses decreased by 91.59% to ¥490,806.68 primarily due to changes in exchange gains and losses[9] - Other income rose by 31.21% to ¥64,199,199.32, mainly from increased software tax refunds and VAT deductions[9] Shareholder Information - The total number of common shareholders at the end of the reporting period was 18,558[12] - The largest shareholder, Zhen Nuo Measurement Instrument (Shanghai) Co., Ltd., holds 35.63% of shares, totaling 145,635,000 shares[12]

Group 1 - The stock price of Zhenlan Instrument (301303) closed at 16.24 yuan on October 24, 2025, with no change, a turnover rate of 2.41%, a trading volume of 24,500 shares, and a transaction amount of 39.6899 million yuan [1] - The company primarily engages in the research, development, production, and sales of gas and water metering products and systems, and has also ventured into automotive parts, serving domestic car manufacturers [2] - The company does not directly participate in the marine economy sector, although its metering products may be applicable in industries related to marine oil and gas and coastal tourism [2] Group 2 - On October 24, the net outflow of main funds was 2.9818 million yuan, indicating a slight withdrawal by major investors, while retail and speculative funds saw a combined net inflow of 2.9818 million yuan, reflecting a positive market sentiment [2] - The breakdown of fund flows on October 24 shows a net outflow of 2.9818 million yuan from main funds, a net inflow of 1.6246 million yuan from speculative funds, and a net inflow of 1.3572 million yuan from retail investors [2]

Core Viewpoint - The company has decided to deregister its wholly-owned subsidiary, Changchun Lantai Intelligent Technology Co., Ltd., to optimize management structure and reduce operational costs, which will not materially affect the company's overall business development and profitability [1][2]. Group 1: Company Announcement - The company announced the deregistration of its subsidiary based on strategic adjustments and actual operational conditions [1]. - The deregistration was approved by the chairman and did not require board or shareholder approval [1]. - The deregistration does not involve related transactions or constitute a major asset restructuring as defined by regulations [1]. Group 2: Subsidiary Information - Changchun Lantai was established on February 7, 2024, with a registered capital of 50 million RMB [2]. - The subsidiary's business scope included technology services, manufacturing and sales of intelligent instruments, and various consulting services [2]. - The deregistration will change the scope of the company's consolidated financial statements, with Changchun Lantai no longer included [2]. Group 3: Impact on the Company - The deregistration will not have a substantial impact on the company's overall business development or profitability [2]. - There are no adverse effects on the interests of the listed company and its shareholders [2].

Group 1 - The core point of the article is that Zhenlan Instrument has announced the completion of the deregistration process for its subsidiary, Changchun Lantai Intelligent Technology Co., Ltd., as approved by the Changchun Market Supervision Administration [2][3]

Core Viewpoint - The company has decided to deregister its subsidiary, Changchun Lantai Intelligent Technology Co., Ltd., to optimize management structure and reduce operational costs, thereby improving overall operational efficiency [1] Group 1: Company Actions - The deregistration of Changchun Lantai is based on business development strategy adjustments and actual operational conditions [1] - The decision to deregister was made within the chairman's approval authority and does not require submission to the board of directors or shareholders for review [1] - The deregistration does not involve related transactions and does not constitute a major asset restructuring as defined by the regulations [1] Group 2: Regulatory Compliance - The company has received the registration notice from the Changchun Economic and Technological Development Zone Market Supervision Administration, confirming that the deregistration has been completed in accordance with relevant procedures [1]

Core Viewpoint - The company has decided to deregister its subsidiary, Changchun Lantai Intelligent Technology Co., Ltd., to optimize management structure and reduce operational costs, thereby improving overall management efficiency [1] Group 1: Company Actions - The deregistration of Changchun Lantai is based on business development strategy adjustments and actual operational conditions [1] - The decision to deregister was made within the chairman's approval authority and does not require submission to the board of directors or shareholders for review [1] - The deregistration does not involve related transactions and does not constitute a major asset restructuring as defined by the regulations [1] Group 2: Regulatory Compliance - The company has received the registration notice from the Changchun Economic and Technological Development Zone Market Supervision Administration, confirming that the deregistration has been completed according to relevant procedures [1]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 上海真兰仪表科技股份有限公司（以下简称"公司"）控股子公司长春兰泰智 能科技有限公司（以下简称"长春兰泰"）基于业务发展战略调整和实际经营情况， 为优化管理结构，降低经营管理成本，进一步提高整体经营管理效率，公司决定 注销长春兰泰。 本次注销控股子公司事宜在董事长审批权限范围内，无需提交公司董事会和 股东会审议。本次注销控股子公司不涉及关联交易，也不构成《上市公司重大资 产重组管理办法》规定的重大资产重组。 近日，公司收到了长春市市场监督管理局经济技术开发区分局核发的《登记 通知书》（（经济技术开发区）登字第〔2025〕第 24407 号），长春兰泰的注销 登记已按照相关程序办理完成，予以核准。 一、本次注销全资子公司基本情况 长春兰泰基本情况如下： 证券代码：301303 证券简称：真兰仪表 公告编号：2025-049 上海真兰仪表科技股份有限公司 关于控股子公司注销的公告 统一社会信用代码：91220100MADB5NWH3X 类型：其他有限责任公司 二、注销控股子公司对公司的影响 本次注销完成后，公司合并财 ...