登录新浪财经APP 搜索【信披】查看更多考评等级 （本文由北京市盈科（深圳）律师事务所徐劲律师（执业证号14403200610948623）供稿，不代表新浪 财经的立场。徐劲律师擅长在上市公司虚假陈述案件中为股民维权索赔，执业十余年来，曾代理投资者 起诉多家上市公司成功索赔。）（徐劲律师专栏） 责任编辑：韦子蓉 登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年12月19日晚间，卓然股份（维权）（688121）发布《关于公司及实际控制人收到立案告知书的公 告》。公告显示：上海卓然工程技术股份有限公司及实际控制人张锦红于2025年12月19日收到中国证券 监督管理委员会出具的《立案告知书》（证监立案字0032025031号、证监立案字0032025032号），因涉 嫌信息披露违法违规等事项，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及实际控制 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年12月19日（周五）晚间，上海卓然工程技术股份有限公司（证券简称：卓然股份（维权），证券 代码：688121）发布《关于收到中国证券监督管理委员会立案告知书的公告》。公告显示，因涉嫌信息 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。 在公告被证监会立案前，公司股价已连续调整。截至2025年12月19日收盘，股价报12.13元，近半年累 计下跌达25.6%。此次突发立案调查，使截至该日收盘持有的约六千名股东权益面临重大不确定性。鉴 于该公司为科创板上市企业，股票单日涨跌幅限制为20%，投资者应特别关注相关投资风险。 上海百悦律师事务所牛彬律师表示，卓然股份因涉嫌信披违规遭证监会立案，投资者或可依法索赔。初 步索赔范围（参考）： 于2025年12月19日（不含当日）之前买入卓然 ...

Core Viewpoint - Shanghai Zhuoran Engineering Technology Co., Ltd. (Zhuoran Co., stock code: 688121) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may impact investor rights and lead to potential compensation claims [1][2]. Group 1: Regulatory Actions - The CSRC has decided to initiate an investigation against Zhuoran Co. and its actual controller, Zhang Jinhong, due to violations related to information disclosure and improper use of raised funds [1][2]. - Zhuoran Co. is accused of misusing part of the raised funds from its IPO projects, with funds being funneled through accounts controlled by Zhang Jinhong to external pools, violating the regulations of the Information Disclosure Management Measures for Listed Companies [2]. Group 2: Investor Compensation - Investors who purchased Zhuoran Co. stocks or bonds before December 20, 2025, and either sold or continued to hold them after this date may be eligible for compensation claims [3]. - The compensation scope includes investment differences, commissions, and stamp duties, and affected investors can file civil compensation lawsuits based on the CSRC's administrative penalties [2][3]. Group 3: Legal Proceedings - The progress of civil compensation lawsuits may be affected by Zhuoran Co.'s potential delisting or bankruptcy proceedings, which could significantly impact the litigation process [4]. - Investors seeking to register for compensation must provide specific documentation, including identification and securities account information [4].

Core Viewpoint - Shanghai Zhuoran Engineering Technology Co., Ltd. (Zhuoran Co., stock code: 688121) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, leading to administrative measures against the company and its actual controller Zhang Jinhong [1][2]. Group 1: Violations and Investigations - From 2021 to 2024, Zhuoran Co. improperly utilized part of the funds raised during its IPO process, channeling them through accounts controlled by its major shareholder Zhang Jinhong, which violated the regulations of the Information Disclosure Management Measures for Listed Companies [2][6]. - The company failed to accurately disclose the actual use and storage of the raised funds, as well as the non-operational fund transactions with related parties, leading to administrative corrective measures imposed by the Shanghai Securities Regulatory Bureau [2][6]. Group 2: Legal Implications for Investors - Investors who suffered losses due to Zhuoran Co.'s actions can seek civil compensation, which includes investment differences, commissions, and stamp duties, as per the Civil Code and Securities Law [2][6]. - A lawyer from Shanghai Hanlian Law Firm is collecting claims from investors who purchased Zhuoran Co. stocks or bonds before December 20, 2025, and either sold or continued to hold them after that date [3][7]. Group 3: Claim Registration Process - Investors wishing to register for claims must provide specific documents, including a copy of their ID, a securities account confirmation, and transaction records from the date of initial purchase to the present [4][8]. - The conditions for claims may be adjusted based on the conclusions of the CSRC's administrative penalties, and the administrative penalty decision is considered a necessary prerequisite for filing lawsuits [8].

登录新浪财经APP 搜索【信披】查看更多考评等级 卓然股份（维权）被查出在上市后，违规挪用了原本应该用于项目建设（募投项目）的9.2亿IPO募集资金，并且没有如实披露。 公司老板（实控人）和 相关高管因此被处罚和立案调查。 具体来说： 1. 发生了什么？ 资金挪用：2021年到2024年期间，公司把一部分IPO募集的资金，通过老板张锦红控制的供应商或中间渠道转走。 资金去向：这些钱进入了一个"体外资金池"。其中一部分很快又转回了公司自己的其他账户，另一部分则流向了老板张锦红间接控制的其他企业。 信息披露违规： 公司没有如实公布募集资金的真实使用情况和这些关联方的资金往来。 2. 监管如何处罚？（上海证监局的行政监管措施） 对公司（卓然股份）： 责令改正，要求30天内提交整改报告。 对相关责任人： 对当时的董事长张锦红、财务总监吴玉同、董事会秘书张笑毓出具警示函。 3. 更严重的问题（证监会的立案调查） 在同一天，中国证监会决定对卓然股份及其实控人张锦红正式立案调查，原因是"涉嫌信息披露违法违规等事项"。立案调查比上面的监管措施更严重，意 味着进入了执法程序，未来可能会根据调查结果作出更严厉的行政处罚。 总结一 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年12月19日晚间，卓然股份（维权）发布《关于公司及实际控制人收到立案告知书的公告》。公告 显示：上海卓然工程技术股份有限公司及实际控制人张锦红于2025年12月19日收到中国证券监督管理委 员会出具的《立案告知书》（证监立案字0032025031号、证监立案字0032025032号），因涉嫌信息披露 违法违规等事项，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 监会决定对公司及实际控制人张锦红立案。 在公告遭证监会立案的同时，卓然股份还发布了《关于收到上海证监局行政监管措施决定书的公告》， 经上海证监局调查，卓然股份存在以下违规：2021年至2024年期间 ...

Core Viewpoint - The article highlights the significant market movements in A-shares, particularly the surge in various sectors such as the Hainan Free Trade Zone and semiconductor industry, indicating a bullish sentiment in the market [3][4]. Market Performance - As of midday, the Shanghai Composite Index rose by 0.64%, the Shenzhen Component Index increased by 1.36%, and the ChiNext Index gained 1.8% [3]. - The trading volume in the Shanghai and Shenzhen markets reached 1.19 trillion yuan, an increase of 97.7 billion yuan compared to the previous trading day [4]. Sector Highlights - The Hainan Free Trade Zone sector saw a notable increase of 9.59%, with 22 stocks hitting the daily limit [4]. - Other sectors that performed well include: - Precious metals, up 4.34% - Free Trade Port, up 4.14% - Storage chips, up 3.32% [4]. Notable Stocks - Zhangzhou Development surged to its daily limit, attributed to the "14th Five-Year Plan" proposal focusing on cross-strait integration [5]. - China Duty Free Group's A-shares and H-shares both rose over 10%, following a strong sales performance of 118 million yuan on the first day of customs closure in Sanya [6]. Commodity Movements - Palladium futures on the Shanghai Futures Exchange hit the daily limit, while precious metals like gold and silver also saw significant price increases, with gold surpassing 4,380 USD per ounce [7][10][19].

登录新浪财经APP 搜索【信披】查看更多考评等级 以上索赔条件仅代表陈宇霞律师的观点，不作为任何投资决策和买卖建议，最终以法院认定的索赔条件 为准。（陈宇霞律师专栏） 参加股票索赔的股民需准备一下材料； 1、股票交易对账单（如对账单上未显示完整的身份证号码，需另外打印股东信息表；对账期间从第一 次买入至完全卖出（或打印对账单之日） 2、身份证复印件 律师代理费 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年12月20日，上海卓然工程技术股份有限公司发布《关于公司及实际控制人收到立案告知书的公 告》，公告披露公司及实际控制人张锦红于2025年12月19日收到中国证券监督管理委员会（以下简 称"中国证监会"）出具的《立案告知书 》（ 证监立案字 0032025031号、证监立案字0032025032号）， 因涉嫌信息披露违法违规等事项，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及实际控制人 ...

Group 1 - The Hong Kong stock market saw a strong performance in optical communication concept stocks, with Yangtze Optical Fibre and Cable rising over 8%, and Huiju Technology and Cambridge Technology increasing by 4.79% and 3.82% respectively [2] - The smart driving concept remains active, with Zhejiang Shibao achieving five consecutive trading limits, and several other companies such as Wanjie Technology, Mind Electronics, Weidi Co., and others opening higher [2] - The A-share market opened with all three major indices rising: Shanghai Composite Index up 0.26%, Shenzhen Component Index up 0.65%, and ChiNext Index up 1.01% [3][4] Group 2 - The Hainan Free Trade Zone concept stocks continue to gain traction, with sectors like CPO, superconductors, and smart driving showing strength, while cross-border e-commerce and cross-strait integration concepts weakened [4] - Changan Automobile opened over 3% higher, marking the launch of the first L3-level autonomous driving special license plate "渝AD0001Z" in Chongqing, indicating a significant milestone in the autonomous driving sector [4] - Zhuoran Co. opened over 11% lower due to an announcement regarding an investigation by the China Securities Regulatory Commission for suspected violations of information disclosure [5][6] Group 3 - The Hong Kong stock market opened with the Hang Seng Index up 0.41% and the Hang Seng Tech Index up 0.61%, with tech stocks like Horizon Robotics and SenseTime showing notable gains [7][8]

Core Viewpoint - The article highlights the strong performance of certain sectors in the stock market, particularly in optical communication and intelligent driving, indicating potential investment opportunities in these areas [3][6]. Group 1: Stock Market Performance - The Hong Kong stock market saw a rise in optical communication concept stocks, with Longi Fiber Optics increasing over 8%, and Huiju Technology and Cambridge Technology rising by 4.79% and 3.82% respectively [3]. - The A-share market opened positively, with the Shanghai Composite Index up by 0.26%, the Shenzhen Component Index up by 0.65%, and the ChiNext Index up by 1.01% [4][5]. - The Hainan Free Trade Zone concept stocks continued to perform well, with sectors like CPO, superconductors, and intelligent driving gaining traction [6]. Group 2: Intelligent Driving Sector - The intelligent driving sector remains active, with Zhejiang Shibao achieving five consecutive trading limits, and several companies like Wanjie Technology and Mind Electronics opening higher [3]. - A significant milestone was reached with the issuance of the first L3-level autonomous driving license plate "渝AD0001Z" to Changan Automobile, marking the start of the L3 autonomous driving era in Chongqing [6]. Group 3: Company-Specific Developments - Changan Automobile opened over 3% higher following the news of its L3-level autonomous driving license [6]. - Zhuoran Co., Ltd. experienced a significant drop of over 11% due to an announcement regarding an investigation by the China Securities Regulatory Commission for suspected information disclosure violations [7][8]. Group 4: Monetary Policy - The central bank conducted a 673 billion yuan reverse repurchase operation with a rate of 1.40%, with 1,309 billion yuan of reverse repos maturing today [8]. Group 5: Hong Kong Market Opening - The Hang Seng Index opened up by 0.41%, and the Hang Seng Tech Index rose by 0.61%, with tech stocks like Horizon Robotics and SenseTime showing strong performance [9][10].