Core Viewpoint - The company, Zhenlan Instrument (301303.SZ), announced a change in the use of raised funds for its gas meter production capacity expansion project due to market environment changes and accelerated product updates, reallocating part of the funds to establish a new water meter production base and permanently supplementing working capital [1] Group 1: Fund Allocation Changes - As of November 30, 2025, the project has utilized 250.7755 million yuan of the raised funds, accounting for 32.31% of the planned investment amount of 776.25 million yuan [1] - Of the remaining funds of 525.4745 million yuan, 380 million yuan will be allocated to the new water meter production base project, while the remaining 145.4745 million yuan and corresponding interest and investment income will permanently supplement working capital [1] Group 2: Market Demand and Strategic Adjustments - The primary reason for the change is the shift in market demand structure, with ultrasonic gas meters gradually replacing traditional diaphragm gas meters as an industry trend [1] - The company is also expanding its market through joint ventures with downstream gas operators, reducing reliance on its own capacity expansion [1]
真兰仪表：燃气表产能扩建募投项目拟调整为新建水表生产基地项目