目前公司各项生产经营活动正常开展。立案调查期间，公司将积极配合中国证监会的调查工作，并严格 按照相关法律法规及监管要求及时履行信息披露义务。 公司指定信息披露媒体为《中国证券报》《上海证券报》《证券时报》和上海证券交易所网站 （www.sse.com.cn），有关公司的信息以公司在上述指定媒体披露的信息为准。敬请广大投资者理性投 资，注意投资风险。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600525 证券简称：ST长园（维权） 公告编号：2025116 长园科技集团股份有限公司 关于收到中国证券监督管理委员会立案告知书的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 长园科技集团股份有限公司（以下简称"公司"）于2025年12月26日收到中国证券监督管理委员会（以下 简称"中国证监会"）下发的《立案告知书》（编号：证监立案字0072025 27号）。因公司涉嫌信息披露 违法违规，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决 定对公司立案。 特此公告。 长园科技集团 ...

Core Viewpoint - ST Changyuan is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which raises concerns about its operational and stock price impacts [1] Group 1: Regulatory Investigation - On December 26, 2025, ST Changyuan received a notice from the CSRC regarding an investigation due to suspected information disclosure violations [1] - The company stated that its production and operational activities are currently normal and it will cooperate with the investigation while adhering to disclosure obligations [1] - The specific reasons for the alleged violations have not yet been disclosed, leading to market speculation about potential impacts on the company's operations and stock price [1] Group 2: Corporate Governance Issues - On December 23, 2025, ST Changyuan's largest shareholder, Zhuhai Gree Financial Investment Management Co., proposed a temporary shareholders' meeting to replace the chairman, Qiao Wenjian, who has been detained for suspected job-related violations [1] - Qiao Wenjian has held various positions within the company since June 2022, including president and chairman, and was appointed chairman only three months prior to his detention [1] Group 3: Financial Performance and Legal Challenges - ST Changyuan has faced significant financial difficulties, including losses and high debt levels, leading to its designation as a special treatment (ST) company due to financial fraud [2] - The company reported cumulative losses of 10.26 billion yuan and 9.78 billion yuan in 2021 and 2024, respectively, with total losses exceeding 11 billion yuan from 2020 to 2024 [3] - As of the third quarter of 2025, ST Changyuan achieved total revenue of 54.38 billion yuan, a year-on-year decrease of 1.34%, and reported a net loss of 3.28 billion yuan [3]

多家A股公司被证监会立案调查。 派瑞股份（300831）公告称，公司于2025年12月26日收到中国证监会下发的《中国证券监督管理委员会 立案告知书》，因公司涉嫌信息披露违法违规，根据相关法律法规，中国证监会决定对公司立案。 公告显示，公司于2025年4月17日收到中国证券监督管理委员会陕西监管局下发的《现场检查通知 书》。针对监管关注事项及公司自查发现，2024年度一笔销售合同中部分收入存在延期确认的会计处理 差错；同时根据会计准则及信息披露相关规定，公司对所涉定期报告进行会计差错更正及追溯调整。 派瑞股份表示，截至本公告披露日，经公司自查，目前没有其他根据法律法规应披露未披露的重大事 项，公司尚未收到中国证监会的最终调查结论，立案调查事项的最终调查结果将以中国证监会出具的结 论为准。目前公司各项经营活动和业务均正常开展。 大烨智能（300670）公告称，公司于2025年12月26日收到中国证监会下发的《立案告知书》，因公司涉 嫌信息披露违法违规，根据相关法律法规，中国证监会决定对公司立案。立案调查期间，公司将积极配 合中国证监会的各项工作，严格按照相关规定及监管要求履行信息披露义务。目前，公司各项生产经营 ...

Core Viewpoint - Multiple A-share companies are under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may impact their operations and investor confidence [1][4]. Group 1: Companies Under Investigation - ST Changyuan (600525) received a notice from the CSRC on December 26, 2025, regarding an investigation for suspected information disclosure violations. The company reported a revenue of 5.438 billion yuan for the first three quarters of the year, a year-on-year decrease of 1.34%, and a net profit attributable to shareholders of -328 million yuan [1]. - Zhenlei Technology (688270) also received a notice from the CSRC on December 26, 2025, for similar reasons. The company stated that its operations and financial status remain normal [2]. - Pairui Co., Ltd. (300831) was notified by the CSRC on December 26, 2025, about an investigation for suspected information disclosure violations. The company is currently conducting self-inspections and has not disclosed any other significant matters [3]. - Daye Intelligent (300670) received a notice from the CSRC on December 26, 2025, for suspected information disclosure violations. The company confirmed that its operations are normal and that the investigation will not significantly impact its business activities [4]. Group 2: Financial Discrepancies and Corrections - Zhenlei Technology announced a correction regarding a prior accounting error involving 8.4265 million yuan in revenue, which accounted for 3.47% of its total revenue for 2022. The revenue recognition was adjusted from 2022 to 2025 [2].

格隆汇12月26日丨ST长园(600525.SH)公布，收到中国证券监督管理委员会（简称"中国证监会"）下发 的《立案告知书》。因公司涉嫌信息披露违法违规，根据《中华人民共和国证券法》《中华人民共和国 行政处罚法》等法律法规，中国证监会决定对公司立案。目前公司各项生产经营活动正常开展。立案调 查期间，公司将积极配合中国证监会的调查工作，并严格按照相关法律法规及监管要求及时履行信息披 露义务。 ...

Group 1: Core Insights - Three companies, Zhenlei Technology, ST Changyuan, and Daye Intelligent, have been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations [1][2][3][4]. Group 2: Company Summaries - **Zhenlei Technology**: The company received a notice from the CSRC regarding the investigation. It specializes in chip and microsystem research, with applications in various fields including data links and wireless communication. The stock price is 138 yuan, with a market capitalization of 29.539 billion yuan, having increased over 110% in December and over 290% year-to-date [2]. - **ST Changyuan**: This company also received a notice from the CSRC for suspected information disclosure violations. It focuses on industrial and power system intelligence and has over 8,000 employees with multiple subsidiaries globally. The stock price is 3.8 yuan, with a market capitalization of 5.011 billion yuan [3]. - **Daye Intelligent**: Similar to the other two, Daye Intelligent is under investigation by the CSRC. The company specializes in energy and electrical equipment and services, with a stock price of 8 yuan and a market capitalization of 2.535 billion yuan. It was established in December 2011 and listed on the Shenzhen Stock Exchange in July 2017 [4].

Group 1 - The core point of the article is that three companies, Zhenlei Technology, ST Changyuan, and Daye Intelligent, are under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations [1][3][6] Group 2 - Zhenlei Technology (688270.SH) has a stock price of 138 yuan and a market capitalization of 29.539 billion yuan. The company received a notice from the CSRC regarding the investigation but stated that its operations and financial status remain normal [1][3] - ST Changyuan (600525.SH) has a stock price of 3.8 yuan and a market capitalization of 5.011 billion yuan. Similar to Zhenlei Technology, it is also under investigation by the CSRC while maintaining that its production and operations are normal [1][3] - Daye Intelligent focuses on the energy and electrical equipment sector, having been established in December 2011 and listed on the Shenzhen Stock Exchange in July 2017. The company specializes in technology research and product development related to power distribution networks [6]

Core Viewpoint - ST Changyuan is facing significant governance issues and financial distress, highlighted by the chairman's legal troubles and the company's declining performance, which raises concerns about its future direction and potential recovery [6][12][14]. Group 1: Governance Issues - On December 26, 2025, ST Changyuan received a notice from the China Securities Regulatory Commission regarding an investigation into alleged information disclosure violations [1]. - The chairman, Qiao Wenjian, has been detained since November 24, 2025, due to suspected job-related violations, leading to a governance vacuum as he has missed multiple board meetings [6][8]. - Major shareholder, Zhuhai Gree Financial Investment Management Co., proposed to replace Qiao and nominated Yang Tao as a new non-independent director, indicating a push for governance restructuring [3][10]. Group 2: Financial Performance - ST Changyuan has reported a continuous decline in financial performance, with a revenue of 54.38 billion yuan in Q3 2025, down 1.34% year-on-year, and a net profit of -3.28 billion yuan, a staggering drop of 567.01% [12][13]. - The company has experienced a significant drop in net profits over the years, with figures of 6.74 billion yuan in 2022, 0.88 billion yuan in 2023, and a projected -9.78 billion yuan in 2024, marking a 1243.44% decline [13]. - The company's debt situation is concerning, with total external guarantees amounting to 62.26 billion yuan, which is 152.38% of its latest audited net assets [14]. Group 3: Market Position and Strategy - ST Changyuan's business segments, primarily in smart grid equipment and consumer electronics, face intense competition, and the company needs to enhance its market position in the energy sector through differentiated solutions [13]. - The company has been labeled as a "ST" stock due to internal control failures, leading to a significant drop in share price from a peak of 28.47 yuan to around 3.50 yuan, reflecting a nearly 90% decline in market value [14].

北京商报讯（记者 马换换 李佳雪）12月26日晚间，ST长园（600525）披露公告称，公司当日收到证监 会下发的《立案告知书》，因公司涉嫌信息披露违法违规，证监会决定对公司立案。 ST长园表示，目前公司各项生产经营活动正常开展。立案调查期间，公司将积极配合证监会的调查工 作，并严格按照相关法律法规及监管要求及时履行信息披露义务。 ...

Group 1 - Multiple companies, including Zhenlei Technology, Pairui Co., Daye Intelligent, ST Changyuan, and Zhihua Power, received notices from the China Securities Regulatory Commission (CSRC) on December 26, 2025, regarding investigations for suspected violations of information disclosure laws [1][1][1][1][1] - Zhihua Power's actual controllers, Wu Jiwei and Chen Yichun, were fined a total of 1.5 million yuan, with Wu Jiwei responsible for 1 million yuan and Chen Yichun for 500,000 yuan. Additionally, the former deputy general manager, Chen Danhua, was fined 800,000 yuan for illegal stock reduction [1] Group 2 - Hainan Huatie announced that it received a notice from the CSRC regarding suspected violations of information disclosure laws in 2025. The company and related responsible persons received an administrative penalty notice, with the CSRC's Zhejiang Regulatory Bureau proposing a fine of 8 million yuan and individual fines for Hu Danfeng, Zhang Qi'ao, and Guo Haibin of 4 million yuan, 2.6 million yuan, and 2.6 million yuan, respectively [2]