华福证券有限责任公司 关于上海真兰仪表科技股份有限公司 2025 年度日常关联交易预计的核查意见 华福证券有限责任公司（以下简称"华福证券"或"本保荐机构"）作为上 海真兰仪表科技股份有限公司（以下简称"公司"或"真兰仪表"）首次公开发 行股票并在创业板上市持续督导阶段的保荐机构，根据《证券发行上市保荐业务 管理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市公司自 律监管指引第 7 号——交易与关联交易》及《深圳证券交易所上市公司自律监管 指引第 13 号——保荐业务》等有关规定，对真兰仪表 2025 年度日常关联交易预 计进行了审慎核查，具体核查情况如下： 一、日常关联交易基本情况 （一）日常关联交易概述 公司根据 2024 年日常关联交易的实际情况，并结合公司 2025 年度业务发展 的需要，预计公司及控股子公司 2025 年度与部分关联方可能发生的日常关联交 易不超过 69,420.00 万元。公司 2024 年实际发生总金额为 26,792.79 万元。本事 项尚需提交公司 2024 年年度股东会审议。 （二） ...

募集资金年度存放与使用情况鉴证报告 上海真兰仪表科技股份有限公司 容诚专字[2025]215Z0033 号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 1 | 募集资金年度存放与使用情况鉴证报告 | 1-3 | | 2 | 募集资金年度存放与使用情况专项报告 | 1-4 | 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 / 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https//WWW.rsm.global/china/ 募集资金年度存放与使用情况鉴证报告 容诚专字[2025]215Z0033 号 上海真兰仪表科技股份有限公司全体股东： 我们审核了后附的上海真兰仪表科技股份有限公司（以下简称"真兰仪表"） 董事会编制的 2024 年度《关于募集资金年度存放与使用情况的专项报告》。 一、 对报告使用者和使用目的的限定 本鉴证报告仅供真兰仪表年度 ...

华福证券有限责任公司 关于上海真兰仪表科技股份有限公司 使用部分闲置自有资金进行证券投资的核查意见 华福证券有限责任公司（以下简称"华福证券"或"本保荐机构"）作为上 海真兰仪表科技股份有限公司（以下简称"公司"或"真兰仪表"）首次公开发 行股票并在创业板上市持续督导阶段的保荐机构，根据《证券发行上市保荐业务 管理办法》《深圳证券交易所创业板股票上市规则》和《深圳证券交易所上市公 司自律监管指引第 2 号——创业板上市公司规范运作》等相关文件的规定，对真 兰仪表使用部分闲置自有资金进行证券投资的相关情况进行了审慎核查，具体如 下： 一、证券投资概述 （一）投资目的 为了提高公司自有资金的使用效率和资产收益率水平，在保障公司日常经营 资金需求的情况下，公司拟使用闲置自有资金在与公司业务及产业链发展具有一 定相关性的情况下进行适度的证券投资和以证券、指数为基础资产的衍生品投资， 为公司及股东创造更大的收益。 （二）投资金额 公司及子公司使用合计不超过 1 亿元（含 1 亿元）闲置自有资金进行证券投 资。在上述额度内，资金可以滚动使用，但期限内任一时点的证券投资金额不得 超过上述投资额度。 1 （三）投资方式 包括 ...

Financial Performance - The company's basic earnings per share for 2024 is 0.7800 yuan, a decrease of 2.5% compared to 0.8000 yuan in 2023 [1] - The net asset per share has dropped by 24.45% to 7.97 yuan from 10.55 yuan in the previous year [1] - The company's operating revenue increased by 11.6% to 15.01 billion yuan from 13.45 billion yuan in 2023 [1] - The net profit for 2024 is reported at 3.21 billion yuan, a slight increase of 2.23% from 3.14 billion yuan in 2023 [1] - The return on equity decreased to 10.09% from 11.91% in the previous year, reflecting a decline of 15.28% [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 15.38% of the circulating shares, with a significant increase of 1,084.16 thousand shares compared to the previous period [1] - New entrants among the top shareholders include Ding Sui with 381.08 thousand shares (3.75%), and Shanghai A Xing Investment Management with 250.18 thousand shares (2.46%) [2] - Several shareholders have exited the top ten list, including He Yuqin and Zou Baolong, indicating a shift in shareholder composition [2][3] Dividend Distribution - The company has announced a dividend distribution plan of 2.5 yuan per share (including tax) [4]

上海真兰仪表科技股份有限公司 独立董事郑磊述职报告 各位股东及股东代表： 作为上海真兰仪表科技股份有限公司（以下简称"公司"）的独立董事，根据 《公司法》《证券法》《上市公司独立董事管理办法》《深圳证券交易所上市公 司自律监管指引第 2 号——创业板上市公司规范运作》《公司章程》及《独立董 事工作制度》等相关法律法规、规章的规定和要求，本人在 2024 年度任职期间， 勤勉、尽责、忠实履行职务，按时出席相关会议，对各项议案进行认真审议，对 公司重大事项发表了独立意见，也对公司、子公司以及合资公司的生产现场进行 了察看，与各级员工进行了充分的交流，充分发挥了独立董事及各专门委员会委 员的作用，切实维护了公司和股东的利益。现就本人在 2024 年度履行独立董事 职责的情况报告如下： 一、基本情况 郑磊先生，中国国籍，无境外永久居留权，1979 年 10 月生，2002 年毕业于 浙江大学，取得法学专业本科学历，2007 年毕业于浙江大学，取得宪法学与行 政法学专业博士研究生学历。2009 年 8 月至今任浙江大学法学院教师；2017 年 10 月至 2023 年 10 月，任浙江亿田智能厨电股份有限公司独立董事； ...

上海真兰仪表科技股份有限公司 各位股东及股东代表： 作为上海真兰仪表科技股份有限公司（以下简称"公司"）的独立董事，根据 《公司法》《证券法》《上市公司独立董事管理办法》《深圳证券交易所上市公 司自律监管指引第 2 号——创业板上市公司规范运作》《公司章程》及《独立董 事工作制度》等相关法律法规、规章的规定和要求，本人在 2024 年度任职期间， 勤勉、尽责、忠实履行职务，按时出席相关会议，对各项议案进行认真审议，对 公司重大事项发表了独立意见，也对公司、子公司以及合资公司的生产现场进行 了察看，与各级员工进行了充分的交流，充分发挥了独立董事及各专门委员会委 员的作用，切实维护了公司和股东的利益。现就本人在 2024 年度履行独立董事 职责的情况报告如下： 一、本人基本情况 本人崔凯，中国国籍，无境外永久居留权，1970 年 4 月生，1992 年毕业于 吉林农业大学，取得农学专业本科学历，1994 年毕业于吉林农业大学，取得农 学专业硕士研究生学历，1997 年毕业于无锡轻工大学（现更名为江南大学）， 取得食品工程专业博士研究生学历，2002 年毕业于华东师范大学，取得基础心 理学专业博士研究生学历，高级经 ...

上海真兰仪表科技股份有限公司 董事会关于独立董事独立性的专项核查意见 上海真兰仪表科技股份有限公司（以下简称"公司"）董事会根据《上市公司 独立董事规则》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市 公司自律监管指引第 2 号——创业板上市公司规范运作》《公司章程》及《公司 独立董事制度》等相关法律法规、规章制度的规定，就公司在任独立董事崔凯先 生、汤贵宝先生、郑磊先生的独立性情况进行评估并出具如下专项意见： 经核查，独立董事崔凯先生、汤贵宝先生、郑磊先生的任职经历以及签署的 相关自查文件，上述人员未在公司担任除独立董事以外的任何职务，也未在公司 主要股东公司担任任何职务，与公司以及主要股东之间不存在利害关系或其他可 能妨碍其进行独立客观判断的关系，不存在其他影响独立董事独立性的情况，符 合《上市公司独立董事管理办法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》中对独立董事独立性的相关要求。 特此公告。 上海真兰仪表科技股份有限公司董事会 2025 年 4 月 24 日 ...

上海真兰仪表科技股份有限公司 独立董事汤贵宝述职报告 各位股东及股东代表： 作为上海真兰仪表科技股份有限公司（以下简称"公司"）的独立董事，根据 《公司法》《证券法》《上市公司独立董事管理办法》《深圳证券交易所上市公 司自律监管指引第 2 号——创业板上市公司规范运作》《公司章程》及《独立董 事工作制度》等相关法律法规、规章的规定和要求，本人在 2024 年度任职期间， 勤勉、尽责、忠实履行职务，按时出席相关会议，对各项议案进行认真审议，对 公司重大事项发表了独立意见，也对公司、子公司以及合资公司的生产现场进行 了察看，与各级员工进行了充分的交流，充分发挥了独立董事及各专门委员会委 员的作用，切实维护了公司和股东的利益。现就本人在 2024 年度履行独立董事 职责的情况报告如下： 一、基本情况 汤贵宝先生，中国国籍，无境外永久居留权，1979 年 10 月生，2001 年毕业 于芜湖教育学院，取得会计电算化专业大专学历，2009 年毕业于浙江大学，取 得法学专业本科学历，中国注册会计师。曾任职于深圳香江集团、安徽华星电缆 集团有限公司；2004 年 7 月至 2012 年 5 月任职于安徽新中天会计师事务所； ...

Financial Performance - The company's operating revenue for 2024 reached ¥1,501,219,447.54, an increase of 11.63% compared to ¥1,344,828,873.76 in 2023[23]. - The net profit attributable to shareholders for 2024 was ¥320,677,816.72, reflecting a slight increase of 2.16% from ¥313,891,442.43 in 2023[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 9.65% to ¥231,273,622.64 in 2024 from ¥255,962,539.71 in 2023[23]. - The net cash flow from operating activities surged by 212.29% to ¥165,456,066.50 in 2024, compared to ¥52,981,889.07 in 2023[23]. - The total assets at the end of 2024 amounted to ¥4,277,423,565.40, a 14.06% increase from ¥3,750,279,513.79 at the end of 2023[23]. - The net assets attributable to shareholders increased by 5.78% to ¥3,258,078,376.59 at the end of 2024, up from ¥3,080,013,882.99 at the end of 2023[23]. - The basic earnings per share for 2024 was ¥0.78, a decrease of 2.50% from ¥0.80 in 2023[23]. - The weighted average return on equity for 2024 was 10.09%, down from 11.91% in 2023[23]. - The company's total revenue for Q4 2023 reached approximately 471.32 million, showing a significant increase from Q1 2023's 270.76 million[25]. - Net profit attributable to shareholders for Q3 2023 was approximately 103.02 million, a notable rise compared to Q1 2023's 63.99 million[25]. Market and Competition - The company faces intensified competition in the smart gas meter sector as it expands downstream, which may pressure its market position[4]. - The smart metering market is expected to grow significantly due to the increasing penetration of smart gas and water meters driven by urbanization and technological advancements[32]. - The government's focus on urban infrastructure and safety improvements is anticipated to boost demand for gas and water meter replacements[33][34]. - The construction of smart cities is projected to accelerate the demand for smart gas and water meters, enhancing market growth opportunities[35]. - The implementation of safety regulations is expected to drive the market for smart gas meters and related safety devices[36]. Talent and Human Resources - The company emphasizes the importance of retaining key talent to sustain growth, highlighting the risk of talent loss amid increasing competition for skilled professionals[7]. - The company recognizes the need for effective talent development and recruitment mechanisms to meet its growing demands as it scales[7]. - The company plans to recruit and train high-quality talent to address the risk of key personnel turnover and ensure sustainable development[139]. - The company has increased its R&D personnel to 339, a 13% increase from 300 in the previous year, with a notable rise in the number of bachelor's and master's degree holders[97]. Research and Development - In the first half of 2024, the company invested CNY 10,495.72 million in R&D, accounting for 6.99% of the current operating revenue[74]. - The company obtained 25 new invention patents, 40 utility model patents, 2 design patents, and 29 software copyrights in 2024[74]. - The company aims to enhance its research and development capabilities by integrating IoT, cloud computing, and AI technologies, focusing on smart gas meters with self-diagnosis and fault warning features[134]. - The company is developing a gas meter with temperature and pressure compensation features to meet market demand for precision[95]. - The company has completed the development of an IoT-based smart water meter to enhance remote reading capabilities[95]. Financial Management and Investments - The accounts receivable balance remains high, primarily due to the industry environment and sales model, posing a risk of cash flow tightness if major clients face operational or financial difficulties[6]. - The company is exposed to foreign exchange risks due to a portion of its sales being settled in USD and EUR, which may impact its revenue and financial results[10]. - The company has implemented measures to mitigate these risks, including shortening payment cycles and considering financial instruments if overseas revenue continues to grow[142]. - The company has achieved a net income from financial products of RMB 5,004.23 million as of December 31, 2024[124]. - The company raised a total of RMB 195,640.00 million from the public offering, with a net amount of RMB 185,776.96 million after deducting issuance costs[123]. Corporate Governance - The company has a structured governance framework with a board of directors and supervisory committee to ensure compliance and strategic alignment[174]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[150]. - The company has established an independent financial department and maintains a separate financial accounting system[158]. - The company has a clear communication strategy with stakeholders, ensuring transparency and compliance with legal obligations[155]. - The company is focused on long-term development and the interests of all shareholders, especially minority investors[190]. Production and Operations - The company has established new production facilities for gas equipment with an investment of 51 million, expected to be completed by January 2024[110]. - The company has expanded its production capabilities across the entire gas equipment supply chain, including self-production and R&D of gas meter shells, mechanisms, valve systems, and smart modules[77]. - The manufacturing operation management system has been implemented to improve production efficiency and reduce operational costs[97]. - The company is focusing on expanding its market presence through strategic acquisitions and new product developments in the automotive sector[111]. Strategic Partnerships and Expansion - The company has formed strategic partnerships with major gas groups, including Kunlun Energy and China Gas, to expand its market presence and stabilize business growth[66]. - The company plans to expand its market presence and invest in new product development to drive future growth[23]. - The company is actively expanding its domestic market by increasing customer acquisition efforts and collaborating with major gas groups[69]. - The company plans to establish several new subsidiaries in 2024, including Shandong Aono Intelligent Equipment Co., Ltd. and Changchun Lantai Intelligent Technology Co., Ltd., to enhance collaboration with downstream customers[133].

Financial Performance - The company's revenue for Q1 2025 was CNY 329,309,462.07, representing a 21.62% increase compared to CNY 270,763,240.95 in the same period last year[5] - Net profit attributable to shareholders was CNY 70,741,965.13, up 10.54% from CNY 63,998,586.38 year-on-year[5] - Basic and diluted earnings per share increased by 6.25% to CNY 0.17 from CNY 0.16 in the same quarter last year[5] - Operating profit for the current period was ¥78,548,261.51, reflecting an increase of 6.1% from ¥73,838,653.20 in the previous period[20] - Net profit before tax totaled ¥78,608,987.34, compared to ¥73,795,461.39 in the last period, indicating a growth of 6.4%[20] - The net profit for the current period is 70,743,100.11, an increase from 63,971,232.16 in the previous period, representing a growth of approximately 11.7%[21] - The net profit attributable to the parent company is 70,741,965.13, compared to 63,998,586.38 in the previous period, indicating an increase of about 10.8%[21] Cash Flow - The net cash flow from operating activities was negative at CNY -98,383,409.33, a decline of 155.41% compared to CNY -38,519,348.31 in the previous year[5] - Cash inflow from operating activities totaled 350,170,315.05, compared to 316,701,829.71 in the previous period, marking an increase of approximately 10.5%[24] - The net cash flow from operating activities is -98,383,409.33, worsening from -38,519,348.31 in the previous period[24] - Cash inflow from investment activities is 737,340,865.83, down from 771,759,286.81 in the previous period, a decrease of about 4.5%[24] - The net cash flow from investment activities is 758,000.57, a significant improvement from -10,466,564.23 in the previous period[24] - Cash inflow from financing activities is 150,000,000.00, compared to 88,212,983.00 in the previous period, showing an increase of approximately 69.9%[24] - The net increase in cash and cash equivalents is -20,388,750.55, contrasting with an increase of 18,781,996.57 in the previous period[24] - The ending balance of cash and cash equivalents is 276,940,783.86, up from 189,824,725.60 in the previous period, indicating a growth of about 46%[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,346,865,334.52, reflecting a 1.62% increase from CNY 4,277,423,565.40 at the end of the previous year[5] - Current assets totaled ¥2,450,768,812.47, showing a marginal decrease from ¥2,452,045,361.32 at the start of the period[18] - Non-current assets increased to ¥1,896,096,522.05 from ¥1,825,378,204.08, marking a growth of 3.7%[18] - Total liabilities decreased slightly to ¥965,672,905.08 from ¥966,974,236.07, indicating a reduction of 0.1%[19] - The equity attributable to shareholders of the parent company rose to ¥3,328,820,341.72 from ¥3,258,078,376.59, reflecting an increase of 2.1%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,209[12] - The largest shareholder, Zhenuo Measurement Instruments (Shanghai) Co., Ltd., holds 35.63% of shares, totaling 145,635,000 shares[12] - Li Shihua, a natural person, holds 14.86% of shares, totaling 60,730,602 shares[12] - The total number of restricted shares at the beginning of the period was 307,220,247, with 155,062 shares released during the period[14] - The total number of unrestricted shares held by the top 10 shareholders is 5,896,754 shares[12] - All major shareholders have agreed to act in concert, indicating a unified strategy[12] - The company has no preferred shareholders or changes in preferred shareholder holdings[13] - The company plans to release restricted shares on August 20, 2026, for several major shareholders[14] - There are no changes in the top 10 shareholders due to margin trading activities[13] Expenses - Sales expenses increased by 46.44% to CNY 40,577,811.67, driven by the growth in sales activities[10] - Other income rose by 51.04% to CNY 26,868,892.35, primarily due to an increase in government subsidies[10] - Research and development expenses for the current period were ¥27,230,204.69, up from ¥23,795,464.59 in the previous period, representing a growth of 14.2%[20]