Core Viewpoint - The company, Zhenlan Instrument (301303), reported that as of September 30, 2025, the total number of consolidated shareholders with credit accounts is 18,558 [1] Summary by Category - **Company Information** - Zhenlan Instrument has a total of 18,558 consolidated shareholders with credit accounts as of the specified date [1]

Group 1 - The company Shanghai Zhenlan Instrument Technology Co., Ltd. plans to use idle raised funds (including over-raised funds) for cash management, with a maximum amount of 1.1 billion yuan and a usage period of 12 months [1][2] - The board of directors and the supervisory board approved the cash management proposal during meetings held on February 26, 2025, and the proposal was subsequently ratified at the first extraordinary general meeting of shareholders on March 17, 2025 [1][2] - The company has redeemed part of the cash management products purchased with idle raised funds and will continue cash management activities [2][3] Group 2 - The announcement includes details on the redemption of cash management products and the basic situation of using part of the raised funds for cash management [2] - The company will provide documentation related to the redemption and purchase of cash management products for reference [2]

关于闲置募集资金（含超募资金）进行现金管理赎回 并继续现金管理的公告 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。 证券代码：301303 证券简称：真兰仪表 公告编号：2025-048 上海真兰仪表科技股份有限公司 上海真兰仪表科技股份有限公司（以下简称"公司"或"真兰仪表"）于 2025 年 2 月 26 日召开第六届董事会第十二次临时会议、第六届监事会第九次临时会 议，审议通过了《关于使用部分闲置募集资金（含超募资金）进行现金管理的议 案》，同意公司拟使用额度最高不超过 11.00 亿元（含本数）的闲置募集资金（含 超募资金）进行现金管理，使用期限 12 个月。在上述额度和期限范围内，资金 可循环滚动使用。 具体事项详见公司于 2025 年 2 月 28 日在巨潮资讯网披露的《关于使用部分 闲置募集资金（含超募资金）进行现金管理的议案的公告》（公告编号：2025-005）。 公司于 2025 年 3 月 17 日召开的 2025 年第一次临时股东大会审议通过了以 上议案。 近日，公司使用闲置募集资金（含超募资金）在授权范围内购买的部分现金 管理产品已赎 ...

Group 1 - The company, Zhenlan Instrument (301303.SZ), supplies automotive components primarily to brands such as BAIC, Chery, and Geely [2] - The company's automotive components are applicable in the new energy vehicle sector [2] - The production facilities for the company's automotive components are located in Wuhu and Zhuzhou, supporting the surrounding automotive industry [2]

Group 1 - The company announced a cash dividend distribution plan for the first half of 2025, proposing a payout of 1.00 RMB per 10 shares (including tax) [1] - The record date for the dividend distribution is set for September 23, 2025, while the ex-dividend date is September 24, 2025 [1]

1.公司于2025年9月10日召开2025年第二次临时股东会，审议通过了《关于 2025年半年度利润分配的议案》。公司2025年半年度利润分配预案为：以截至2025 年6月30日公司总股本408,800,000股为基数，向全体股东每10股派发现金股利 1.00元人民币（含税），共计派发现金股利40,880,000.00元（含税）。剩余未分 配利润结转以后年度分配。不转增，不送股。董事会审议利润分配预案后至实施 前，公司股本如发生变动，将按照分配总额不变的原则对分配比例进行调整。 证券代码：301303 证券简称：真兰仪表 公告编号：2025-047 上海真兰仪表科技股份有限公司 关于 2025 年半年度权益分派实施的公告 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"或"本公司"）2025年半年 度权益分派方案已获2025年9月10日召开的2025年第二次临时股东会审议通过， 现将权益分派事宜公告如下： 一、股东会审议通过利润分配方案情况 2.自利润分配方案披露至实施期间公司股本总额未发生变化。 3.本次实施权益 ...

Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [2][7] Core Views - The company demonstrates stable growth driven by both domestic and international markets, with a significant increase in revenue and net profit in the first half of 2025 [6][7] - The company is expanding its product offerings, particularly in the automotive sector, which is expected to contribute to future growth [6][7] Financial Performance Summary - In H1 2025, the company achieved revenue of 770 million yuan, a year-on-year increase of 26.7%, and a net profit of 150 million yuan, up 13.7% year-on-year [6] - The gross margin for H1 2025 was 40.5%, slightly down by 0.2 percentage points year-on-year, primarily due to lower margins in the newly expanded automotive sector [6] - The company’s revenue from overseas sales reached 120 million yuan in H1 2025, reflecting a 40.2% increase year-on-year, with a gross margin improvement of 10.4 percentage points to 53.1% [6] - Domestic sales amounted to 650 million yuan, a 24.6% increase year-on-year, although the gross margin decreased by 2.1 percentage points to 38.2% [6] Revenue and Profit Forecast - Revenue projections for 2025-2027 are estimated at 1.86 billion yuan, 2.22 billion yuan, and 2.63 billion yuan, representing year-on-year growth rates of 23.7%, 19.5%, and 18.6% respectively [7][8] - Net profit forecasts for the same period are 350 million yuan, 410 million yuan, and 470 million yuan, with growth rates of 10.0%, 17.3%, and 14.8% respectively [7][8] Key Financial Ratios - The report indicates an expected PE ratio of 18.8, 16.1, and 14.0 for 2025, 2026, and 2027 respectively, suggesting a favorable valuation trend [7][8] - The company’s net profit margin is projected to be 19.7% in H1 2025, down 2.1 percentage points year-on-year [6][7]

北京德恒（杭州）律师事务所 关于上海真兰仪表科技股份有限公司 2025年第二次临时股东会的 法律意见书 杭州市上城区新业路 200 号华峰国际商务大厦 10-11 楼 邮编：310016 电话：(+86)0571-86508080 传真：(+86)0571-87357755 北京德恒（杭州）律师事务所 关于上海真兰仪表科技股份有限公司 2025 年第二次临时股东会的法律意见书 北京德恒（杭州）律师事务所 关于上海真兰仪表科技股份有限公司 2025年第二次临时股东会的 法律意见书 德恒【杭】书（2025）第 09003 号 在本《法律意见书》中，本所律师仅对公司本次股东会的召集、召开程序， 出席会议人员资格、召集人资格，会议表决程序及表决结果是否符合相关法律、 法规以及《公司章程》《股东会议事规则》发表意见，不对会议审议的议案内容 以及该等议案所表述的事实或数据的真实性和准确性发表意见。 根据相关法律、法规的要求，按照律师行业公认的业务标准、道德规范和勤 1 北京德恒（杭州）律师事务所 关于上海真兰仪表科技股份有限公司 2025 年第二次临时股东会的法律意见书 勉尽责精神，本所律师出具如下意见： 一、股东会的召 ...

上海真兰仪表科技股份有限公司 2025 年第二次临时股东会决议公告 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、误导性陈述或者重大遗漏。 一、重要提示 1.本次股东会采取现场投票与网络投票相结合的方式。 2.本次股东会没有增加、否决或变更议案。 二、会议召开情况 1.召开时间：2025年9月10日下午3:00 2.股权登记日：2025年9月4日 证券代码：301303 证券简称：真兰仪表 公告编号：2025-046 通过现场和网络投票的股东 165 人，代表股份 307,981,227 股，占公司有表 决权股份总数的 75.3379％。 其中：通过现场投票的股东 8 人，代表股份 116,236,813 股，占公司有表决 权股份总数的 28.4337％。 通过网络投票的股东 157 人，代表股份 191,744,414 股，占公司有表决权股 份总数的 46.9042％。 中小股东出席的总体情况： 3.现场会议召开地点：上海市青浦区崧达路800号702会议室 4.会议召集人：公司董事会 5.会议主持人：董事长李诗华 6.会议召开方式：采取现场投票与网络投票相结合的方式。现场会议于2 ...

Group 1: Company Overview and Market Position - The company, Shanghai Zhenlan Instrument Technology Co., Ltd., reported a 40% revenue growth in overseas markets, covering over 60 countries and regions [2] - The company’s traditional instrument business remains a cornerstone, with a focus on "technology patenting, product globalization" to enhance market share [5] - The automotive parts business saw a remarkable 110% year-on-year revenue growth, indicating strong market demand [10] Group 2: Product Certifications and Innovations - The company’s products, including gas meters and flow meters, have received multiple certifications such as EU EN1359, MID, and OIML R137, exceeding national and European standards [3] - The development of smart gas meters based on various communication technologies has been recognized with EU EN16314 certification [3] Group 3: Digital Transformation and Efficiency - The smart gas and water management systems have significantly reduced operational costs and improved response times for clients [4] - The implementation of a digital factory and MES quality tracking system has led to shorter production cycles and improved product quality [6] Group 4: Financial Performance and Profitability - In the first half of 2025, the company reported a revenue growth of 26.74%, while net profit growth was only 13.69%, leading to a decline in net profit margin by 9.53% [11] - The decrease in net profit margin was primarily due to a reduction in government subsidies and non-recurring gains [11] Group 5: Strategic Development and Future Plans - The company aims to balance short-term performance with long-term strategic planning to ensure sustainable growth [5] - Future plans include expanding the automotive parts business while maintaining a strong focus on core measurement instrument operations [10]