Financial Performance - The company's revenue for Q1 2023 was ¥267,620,795.15, representing a 6.19% increase compared to ¥252,030,476.67 in the same period last year[5] - Net profit attributable to shareholders was ¥49,509,495.93, a 23.85% increase from ¥39,973,959.70 year-over-year[5] - The basic earnings per share increased to ¥0.20, up 11.11% from ¥0.18 in the previous year[5] - The company's net profit attributable to shareholders was RMB 673,405,309.68, an increase from RMB 623,895,813.76, marking a growth of 7.9%[18] - The net profit for Q1 2023 was CNY 50,831,808.01, an increase of 24.8% compared to CNY 40,721,651.26 in Q1 2022[20] - The total operating income for Q1 2023 was CNY 56,634,776.27, up from CNY 46,318,711.25 in the same period last year, reflecting a growth of 22.5%[20] - The company’s total profit for Q1 2023 was CNY 56,645,945.83, an increase of 22.2% from CNY 46,355,345.69 in Q1 2022[20] Assets and Equity - Total assets at the end of the reporting period reached ¥3,520,554,241.11, a significant increase of 96.87% from ¥1,788,248,574.51 at the end of the previous year[5] - The company's equity attributable to shareholders rose to ¥2,879,736,165.01, marking a 196.13% increase from ¥972,457,029.10[5] - Total assets reached RMB 3,520,554,241.11, up from RMB 1,788,248,574.51 at the beginning of the year, representing an increase of 96.9%[17] - The total equity attributable to shareholders increased to RMB 2,879,736,165.01 from RMB 972,457,029.10, a significant rise of 196.1%[18] Cash Flow - The net cash flow from operating activities was negative at -¥46,972,915.00, a decline of 308.11% compared to -¥11,509,893.66 in the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY 46,972,915.00, worsening from a net outflow of CNY 11,509,893.66 in the previous year[22] - The company reported operating cash inflows of CNY 225,104,456.46, down from CNY 284,883,631.98 in Q1 2022, a decrease of 21%[22] - Cash flow from investing activities resulted in a net outflow of CNY 1,761,579,144.78, compared to a net outflow of CNY 20,606,636.28 in Q1 2022[22] - Cash flow from financing activities generated a net inflow of CNY 1,755,579,452.77, a significant increase from a net outflow of CNY 24,381,288.79 in the same quarter last year[23] Investments and Expenditures - The company reported a significant increase in trading financial assets, which rose by 2091.52% to ¥602,745,768.67 due to investments in financial products[8] - The cash paid for the purchase of fixed assets and long-term assets rose to ¥31,222,530, reflecting a 170.16% increase year-over-year[9] - The cash paid for investment activities surged to ¥1,856,510,000, marking a staggering 2769.09% increase compared to the previous year, primarily due to increased purchases of financial products[9] - The company received cash from investment absorption amounting to ¥1,877,867,942, indicating a 100% increase due to fundraising activities[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,279, with no preferred shareholders[10] - The largest shareholder, Zhenno Measurement Instrument (Shanghai) Co., Ltd., holds 35.63% of the shares, totaling 104,025,000 shares[10] - The company has signed a concerted action agreement among several shareholders, including key individuals, to act in unison[11] - The company successfully completed its initial public offering, issuing 73 million shares, which were listed on the Shenzhen Stock Exchange on February 20, 2023[14] - The company completed its public offering, increasing its registered capital from RMB 219,000,000.00 to RMB 292,000,000.00[15] Other Financial Metrics - The company experienced a 35.23% increase in tax and additional fees, totaling ¥2,620,818.57 due to higher tax payments compared to the previous year[8] - The company's income tax expense for Q1 2023 was CNY 5,814,137.82, slightly up from CNY 5,633,694.43 in the previous year[20] - The cash paid for dividends and interest decreased significantly to ¥1,336,010, a 97.34% drop compared to the previous year[9] - The impact of exchange rate fluctuations on cash and cash equivalents was positive, amounting to ¥331,931, a 215.81% increase year-over-year[9] - Research and development expenses for the quarter were RMB 20,704,461.49, up from RMB 17,711,131.58, indicating a 11.3% increase[19] - The company's inventory remained stable at RMB 236,218,936.74, slightly down from RMB 236,584,787.52[16]

Business Performance - The company's operating revenue for 2022 was ¥1,191,078,202.46, representing a 12.05% increase compared to ¥1,062,941,669.02 in 2021[27]. - The net profit attributable to shareholders for 2022 was ¥211,899,365.46, a decrease of 2.43% from ¥217,168,628.79 in 2021[27]. - The net profit after deducting non-recurring gains and losses was ¥185,808,554.45, which is a 2.23% increase from ¥181,746,584.99 in 2021[27]. - The net cash flow from operating activities decreased by 17.38% to ¥120,354,659.21 from ¥145,670,666.63 in 2021[27]. - The total assets at the end of 2022 were ¥1,788,248,574.51, an increase of 28.37% from ¥1,393,064,378.86 at the end of 2021[27]. - The net assets attributable to shareholders increased by 19.27% to ¥972,457,029.10 from ¥815,307,663.64 at the end of 2021[27]. - The basic earnings per share for 2022 were ¥0.97, down 2.02% from ¥0.99 in 2021[27]. - The weighted average return on net assets was 24.07%, a decrease of 5.70% from 29.77% in 2021[27]. - The company reported a quarterly revenue of ¥352,392,601.17 in Q4 2022, showing a strong performance compared to previous quarters[29]. - The net profit attributable to shareholders in Q4 2022 was ¥80,362,800.76, indicating a significant increase in profitability during this period[29]. Market Trends and Opportunities - The company reported a significant increase in natural gas consumption in China, driven by urbanization and supportive national policies, leading to a growing user base for gas meters[4]. - The number of urban and county gas users reached 224.69 million in 2021, with a compound annual growth rate of 8.94% from 2016 to 2021[44]. - As of 2021, approximately 111 million households in urban areas had not yet utilized natural gas, representing 50.7% of the total gas users[46]. - The national natural gas consumption in 2021 was 372.6 billion cubic meters, reflecting a year-on-year growth of 12.7%[39]. - The company anticipates that by 2025, domestic natural gas production will exceed 230 billion cubic meters, supporting market demand for gas meters[38]. - The company is positioned to benefit from the increasing urbanization rate, projected to reach 70.6% by 2030[42]. - The global natural gas share in the energy structure is expected to rise from 23% in 2021 to 26% by 2050, indicating a positive market outlook[40]. - The company plans to expand its overseas business in response to the growing demand for gas meters driven by smart metering policies[41]. Product Development and Innovation - The company has developed a full industry chain business model, including mold development, component manufacturing, software development, and automated assembly of gas metering instruments[67]. - The company’s main products include residential and commercial membrane gas meters, smart gas meters, gas flow meters, and gas safety solutions[67]. - The smart gas meters utilize IoT communication technologies, enabling remote data transmission and enhancing user convenience[70]. - The company has developed a new generation of ultrasonic gas meters, which are fully electronic and do not have mechanical moving parts, with flow measurement ranges for residential specifications from 0.016 to 6 m³/h and commercial specifications from 0.06 to 65 m³/h[76]. - The company has obtained a total of 6 patents related to ultrasonic measurement technology, including 2 invention patents and 4 utility models, enhancing its competitive edge in the market[78]. - The iGasLink smart gas cloud platform integrates various IoT communication technologies, enabling intelligent connections between gas terminal devices and telecom networks, significantly improving operational management and user experience[79]. - The company has launched a series of innovative gas meters and controllers, including NB-IoT gas meters and wireless gas alarms, enhancing its product portfolio[100]. - The company has completed the development of a camera-based gas meter that uses imaging technology for data recognition and NB-IoT upload, aiming to enrich product models and enhance market competitiveness[126]. Financial Management and Investment - The company plans to distribute cash dividends of 2.20 RMB per 10 shares to shareholders, based on a total of 292 million shares[10]. - The investment income from associated companies amounted to ¥16,939,117.84, contributing 6.99% to the total profit[136]. - The company’s cash and cash equivalents net increase was ¥40,143,811.72, a decrease of 27.21% compared to the previous year[134]. - The company's financial assets at the beginning of the period were valued at 42,643,083.44, with a fair value loss of 4,686,558.00, resulting in an ending balance of 42,449,291.00[141]. - The investment amount for the reporting period was 191,545,603.67, representing a 115.76% increase compared to the previous year's investment of 88,777,451.30[142]. - The company has no significant equity investments or derivative investments during the reporting period[145][146]. Challenges and Risks - Fluctuations in raw material prices, including engineering plastics, steel, and communication modules, pose a risk to the company's operating costs and profit margins[6]. - The company is at risk of losing key talent due to increased competition and the need for a robust talent acquisition and development mechanism[7]. - The company's overseas business faces challenges from complex international conditions, requiring sustained resource investment for product development and market cultivation[8]. - Currency exchange rate fluctuations, particularly with the US dollar, may impact the company's profitability due to its overseas sales[10]. - The company faces intensified market competition as the natural gas consumption in China continues to grow, which may impact its market position if it cannot maintain product quality and pricing advantages[158]. - The company recognizes the risk of losing key talent, which is crucial for maintaining its competitive edge and rapid growth[160]. - The company’s overseas business may face volatility due to complex international conditions and the need for continuous resource investment in product development and market cultivation[161]. - The company is subject to foreign exchange rate risks, particularly with its overseas sales primarily settled in USD, which could impact its profitability[163]. Governance and Compliance - The company has established an independent audit department under the audit committee to supervise production operations and review financial information[173]. - The company ensures timely and accurate information disclosure to all shareholders, utilizing multiple platforms for communication[174]. - The company maintains independence in assets, personnel, finance, organization, and business operations, ensuring no conflicts with controlling shareholders[177][178][179][180][181]. - The company has a complete and independent business system, capable of independent operation and decision-making[181]. - The company has established a robust internal audit system to ensure compliance with relevant laws and regulations[173]. - The company actively communicates and cooperates with stakeholders to balance interests and fulfill social responsibilities[175]. - The company has a clear governance structure that complies with legal and regulatory requirements[176]. Strategic Initiatives - The company is committed to building a long-term cooperative ecosystem in the industry to achieve mutual benefits[152]. - The 2023 operational plan focuses on expanding the main business and new product market development in response to favorable industry policies[153]. - The company is enhancing its R&D capabilities by optimizing the "three-in-one" R&D system in Shanghai, Beijing, and Xi'an, with a focus on increasing investment in product and technology development[155]. - The company aims to accelerate the development of ultrasonic technology products in Beijing and enhance the IoT technology product R&D team in Xi'an, targeting international market demands and certifications[155]. - The company is implementing digital production through MES, QMS, WMS, and PLM systems to improve production efficiency and product quality, aiming to establish a 5G smart manufacturing factory[155]. - The company is actively exploring a long-term employee performance incentive mechanism to enhance staff motivation and attract high-level talent[156]. - The company is optimizing its supply chain management and supplier quality assurance systems to ensure product quality and maintain competitive advantages[157].

上海真兰仪表科技股份有限公司 ZENNER METERING TECHNOLOGY (SHANGHAI) LTD. （上海市青浦区盈港东路6558号4幢） 特别提示 上海真兰仪表科技股份有限公司（以下简称"真兰仪表"、"本公司"或"发 行人"）股票将于 2023 年 2 月 20 日在深圳证券交易所创业板上市。本公司提醒 投资者应充分了解股票市场风险及本公司披露的风险因素，在新股上市初期切忌 盲目跟风"炒新"，应当审慎决策、理性投资。 如无特别说明，本上市公告书中的简称或名词的释义与本公司首次公开发行 股票并在创业板上市招股说明书中的相同。 首次公开发行股票并在创业板上市 之 上市公告书 保荐机构（主承销商） （福州市鼓楼区鼓屏路27号1#楼3层、4层、5层） 二零二三年二月 1 第一节 重要声明与提示 一、重要声明 本公司及全体董事、监事、高级管理人员保证上市公告书的真实性、准确性、 完整性，承诺上市公告书不存在虚假记载、误导性陈述或者重大遗漏，并依法承 担法律责任。 深圳证券交易所、有关政府机关对本公司股票上市及有关事项的意见，均不 表明对本公司的任何保证。 本公司提醒广大投资者认真阅读刊载于巨潮资讯网（ ...

创业板风险提示：本次股票发行后拟在创业板市场上市，该市场具有较高的投 资风险。创业板公司具有创新投入大、新旧产业融合成功与否存在不确定性、 尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较 大的市场风险。投资者应充分了解创业板市场的投资风险及本公司所披露的风 险因素，审慎作出投资决定。 上海真兰仪表科技股份有限公司 Zenner Metering Technology（Shanghai）Ltd. （上海市青浦区盈港东路 6558 号 4 幢） 资风险。创业板公司具有创新投入大、新旧产业融合成功与否存在不确定性、 尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较 大的市场风险。投资者应充分了解创业板市场的投资风险及本公司所披露的风 险因素，审慎作出投资决定。 首次公开发行股票并在创业板上市 招股说明书 保荐机构（主承销商） （福州市鼓楼区鼓屏路 27 号 1#楼 3 层、4 层、5 层） 创业板风险提示：本次股票发行后拟在创业板市场上市，该市场具有较高的投 上海真兰仪表科技股份有限公司 招股说明书 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对 注册申请文 ...

保荐机构（主承销商）：华福证券有限责任公司 特别提示 上海真兰仪表科技股份有限公司（以下简称"真兰仪表"或"发行人"首次公 开发行 7,300.00 万股人民币普通股（A 股）（以下简称"本次发行"）并在创业 板上市的申请已经深圳证券交易所（以下简称"深交所"）创业板上市委员会委 员审议通过，并已经中国证券监督管理委员会同意注册（证监许可〔2022〕 2326 号）。 发行人与保荐机构（主承销商）华福证券有限责任公司（以下简称"保荐机 构（主承销商）"）协商确定，本次发行价格为人民币 26.80 元/股，本次发行股 份数量为 7,300.00 万股，全部为新股发行，无老股转让。本次发行的发行价格 不超过剔除最高报价后网下投资者报价的中位数和加权平均数以及剔除最高报 价后通过公开募集方式设立的证券投资基金（以下简称"公募基金"）、全国社 会保障基金（以下简称"社保基金"）、基本养老保险基金（以下简称"养老 金"）、根据《企业年金基金管理办法》设立的企业年金基金（以下简称"企业 年金基金"）和符合《保险资金运用管理办法》等规定的保险资金（以下简称 "保险资金"）报价中位数、加权平均数孰低值，故保荐机构（主承销商） ...

根据中国证券监督管理委员会（以下简称"中国证监会"）颁布的《上市 公司行业分类指引》（2012 年修订），上海真兰仪表科技股份有限公司（以下 简称"真兰仪表"、"发行人"或"公司"）所属行业为"仪器仪表制造业"（行 业分类代码为 C40）。截至 2023 年 2 月 3 日（T-4 日），中证指数有限公司发 布的行业最近一个月平均静态市盈率为 35.51 倍。 本次发行价格26.80元/股对应的发行人2021年扣除非经常性损益前后孰低 的归母净利润摊薄后市盈率为43.06倍，高于中证指数有限公司2023年2月3日 （T-4日）发布的行业最近一个月平均静态市盈率，超出幅度为21.26%；低于同 行业可比公司二级市场平均静态市盈率75.87倍。 发行人和华福证券有限责任公司（以下简称"华福证券"或"保荐机构（主 承销商）"或"主承销商"）提请投资者应当充分关注定价市场化蕴含的风险 因素，知晓股票上市后可能跌破发行价，切实提高风险意识，强化价值投资理 念，避免盲目炒作，审慎研判发行定价的合理性，理性做出投资决策。 上海真兰仪表科技股份有限公司 首次公开发行股票并在创业板上市 发行公告 保荐机构（主承销商）：华福证券 ...

创业板风险提示：本次股票发行后拟在创业板市场上市，该市场具有较高的投 资风险。创业板公司具有创新投入大、新旧产业融合成功与否存在不确定性、 尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较 大的市场风险。投资者应充分了解创业板市场的投资风险及本公司所披露的风 险因素，审慎作出投资决定。 上海真兰仪表科技股份有限公司 Zenner Metering Technology（Shanghai）Ltd. （上海市青浦区盈港东路 6558 号 4 幢） 创业板风险提示：本次股票发行后拟在创业板市场上市，该市场具有较高的投 资风险。创业板公司具有创新投入大、新旧产业融合成功与否存在不确定性、 尚处于成长期、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较 大的市场风险。投资者应充分了解创业板市场的投资风险及本公司所披露的风 险因素，审慎作出投资决定。 首次公开发行股票并在创业板上市 招股意向书 保荐机构（主承销商） 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对 （福州市鼓楼区鼓屏路 27 号 1#楼 3 层、4 层、5 层） 上海真兰仪表科技股份有限公司 招股意向书 中国证监会 ...