Core Viewpoint - The company, Zhuoran Co., Ltd. (688121.SH), and its actual controller, Zhang Jinhong, received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged violations of information disclosure laws [1]. Group 1: Regulatory Actions - On December 19, 2025, the company and Zhang Jinhong received a formal notice from the CSRC for suspected violations of information disclosure regulations [1]. - The Shanghai Securities Regulatory Bureau issued a decision to impose corrective measures on Zhuoran Co. and warning letters to Zhang Jinhong, Wu Yutong, and Zhang Xiaoyu [4]. Group 2: Violations Identified - Between 2021 and 2024, the company misused part of the funds raised during its IPO by transferring them through accounts controlled by its major shareholder, Zhang Jinhong, to external funding pools, with some funds returning to non-designated accounts [5]. - The company failed to disclose the actual use of raised funds and the non-operational financial transactions with related parties, violating the regulations set forth in the Administrative Measures for Information Disclosure by Listed Companies [5]. Group 3: Responsibilities and Consequences - Zhang Jinhong, as the chairman, is held responsible for the violations and received a warning letter from the Shanghai Securities Regulatory Bureau [5]. - Wu Yutong, the financial director, and Zhang Xiaoyu, the board secretary, also received warning letters for their roles in the violations [6]. - The company is required to take corrective actions and submit a written report to the Shanghai Securities Regulatory Bureau within 30 days of receiving the decision [5]. Group 4: Company Profile - Zhuoran Co. is a provider of modular and integrated manufacturing solutions for large-scale refining and petrochemical equipment, serving clients in the oil, petrochemical, and natural gas sectors [6]. - As of December 19, the company's stock price was 12.13 yuan per share, with a total market capitalization of 2.8 billion yuan [6].

| | | 12月22日A股投资避雷针 | | --- | --- | --- | | 类别 | 公司 | 主要内容 | | 股东减持 | 三维通信 | 董事长及总经理李越伦拟减持不超过1. 4906%股份 | | | 华数传媒 | 西湖电子集团拟减持不超过1%股份 | | | 苏州天脉 | 32号员工战略配售资管计划拟减持不超过1.99%股份 | | | 鼎信通讯 | 王天宇拟减持不超过3%股份 | | | 益诺思 | 翱鹏合伙拟减持不超过140.98万股公司股份 | | | 爱柯迪 | 香港领拓拟减持不超过2.9882%公司股份 | | | 同益股份 | 董事长邵羽南拟减持不超过2.66%股份 | | | 永福股份 | 控股股东拟减持不超过3%股份 | | | 远望谷 | 实际控制人徐玉锁拟减持不超3%股份 | | | 矩光科技 | 股东拟合计减持不超过131. 13万股公司股份 | | | 永鼎股份 | 永鼎集团合计减持1896. 7万股公司股份 | | | 航天工程 | 国创基金减持94.90万股公司股份 | | | 三元股份 | 复星创泓减持1589.77万股公司股份 | | 其他 | 卓然股份 | ...

卓然股份(688121)12月19日公告，公司及实际控制人张锦红于12月19日收到中国证监会出具的《立案告 知书》，因涉嫌信息披露违法违规等事项，根据相关法律法规，中国证监会决定对公司及实际控制人张 锦红立案。目前公司各项经营活动和业务均正常开展。立案调查期间，公司及实际控制人将积极配合中 国证监会的相关工作，并严格按照相关法律法规和监管要求及时履行信息披露义务。 同日卓然股份公告，公司12月19日收到上海证监局出具的《关于对上海卓然工程技术股份有限公司采取 责令改正措施并对张锦红、吴玉同、张笑毓采取出具警示函措施的决定》（简称《决定》）。 《决定》显示，2021年至2024年期间，卓然股份在IP0募投项目实施过程中，违规支付部分募集资金， 经由公司控股股东、董事长张锦红有效控制的供应商或资金通道方银行账户流入体外资金池进行资金调 配，部分资金在当日或次日回流至公司非募集户，其余流向了张锦红间接控制的企业。公司未如实披露 募集资金存放及实际使用情况，亦未如实披露关联方非经营性资金往来情况。 卓然股份表示，公司及相关人员在收到上述行政监管措施决定书后，高度重视决定书中所指出的问题， 将严格按照上海证监局的要求， ...

Core Viewpoint - Zhuoran Co., Ltd. and its actual controller Zhang Jinhong are facing regulatory actions from the China Securities Regulatory Commission (CSRC) due to violations related to the use of IPO fundraising, which has been ongoing for four years [2][4]. Group 1: Regulatory Actions - Zhuoran Co., Ltd. received a "Notice of Investigation" from the CSRC and an administrative regulatory decision from the Shanghai Securities Regulatory Bureau on December 19 [2][5]. - The Shanghai Securities Regulatory Bureau's investigation revealed that from 2021 to 2024, Zhuoran Co., Ltd. misused part of its IPO fundraising by transferring funds through suppliers controlled by Zhang Jinhong, leading to a diversion of funds to external pools [4]. Group 2: Violations and Consequences - The investigation confirmed that Zhuoran Co., Ltd. engaged in serious violations by transferring IPO funds to external accounts and failing to disclose the actual use of these funds, violating the "Management Measures for Information Disclosure of Listed Companies" [4]. - The Shanghai Securities Regulatory Bureau mandated Zhuoran Co., Ltd. to submit a written rectification report within 30 days and issued warning letters to responsible personnel, including Zhang Jinhong, the former chairman [4]. Group 3: Company Response - Zhuoran Co., Ltd. stated that it takes the regulatory measures seriously and will comply with the requirements set forth by the Shanghai Securities Regulatory Bureau, ensuring that it will not affect daily operations [6]. - The company confirmed that all business activities are operating normally and that it will cooperate with the CSRC during the investigation [6].

卓然股份(688121.SH)发布公告，公司及实际控制人张锦红于2025年12月19日收到中国证监会出具的 《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，中国证监会决定对公司及实际控制人张锦红立案。 ...

【导读】因涉嫌信息披露违法违规，卓然股份及实控人被立案 12月19日晚间，因涉嫌信息披露违法违规等事项，卓然股份及实际控制人、董事长张锦红被立案调查。 另外，因IPO募集资金违规使用及信披违规，卓然股份被采取责令改正措施，多位高管被出具警示函。 涉嫌信息披露违法违规 卓然股份及实控人被立案 12月19日，卓然股份发布公告称，公司及实际控制人、董事长张锦红收到中国证监会出具的《立案告知书》，因涉嫌信息披露违法违规等事项，中国证监 会决定对公司及实际控制人张锦红立案。 卓然股份及多位高管被出具警示函 与此同时，卓然股份收到中国证监会上海证监局出具的《关于对上海卓然工程技术股份有限公司采取责令改正措施并对张锦红、吴玉同、张笑毓采取出具 警示函措施的决定》。 经查，卓然股份在2021年至2024年期间，在IPO募投项目实施过程中，违规支付部分募集资金，经由公司控股股东、董事长张锦红有效控制的供应商或资 金通道方银行账户流入体外资金池进行资金调配，部分资金在当日或次日回流至公司非募集户，其余流向了张锦红间接控制的企业。公司未如实披露募集 资金存放及实际使用情况，亦未如实披露关联方非经营性资金往来情况。 卓然股份上述行为 ...

Core Viewpoint - Zhuoran Co., Ltd. and its actual controller, Chairman Zhang Jinhong, are under investigation for suspected violations of information disclosure regulations, including improper use of IPO fundraising [1][3]. Group 1: Investigation and Regulatory Actions - On December 19, Zhuoran Co., Ltd. announced that it and its actual controller, Chairman Zhang Jinhong, received a notice of investigation from the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations [3]. - The CSRC has decided to initiate an investigation against Zhuoran Co. and Zhang Jinhong due to these violations [3]. - Zhuoran Co. has stated that all business activities are currently operating normally and that they will cooperate with the CSRC during the investigation [5]. Group 2: Violations and Consequences - Zhuoran Co. received a corrective order from the Shanghai Securities Regulatory Bureau, which also issued warning letters to several senior executives, including Zhang Jinhong, due to violations related to the use of IPO fundraising [7]. - Investigations revealed that from 2021 to 2024, Zhuoran Co. improperly paid part of the raised funds during the IPO project implementation, with funds being diverted to external pools controlled by related parties, including Zhang Jinhong [7]. - The company failed to disclose the actual use of raised funds and the non-operational financial transactions with related parties, violating the relevant provisions of the "Management Measures for Information Disclosure of Listed Companies" [8]. Group 3: Company Profile and Market Position - Zhuoran Co. is a provider of modular and integrated manufacturing solutions for large-scale refining and petrochemical specialized equipment, serving clients in the oil, petrochemical, and natural gas chemical sectors [8]. - As of December 19, the stock price of Zhuoran Co. was reported at 12.13 yuan per share, with a total market capitalization of 2.8 billion yuan [8].

格隆汇12月19日丨卓然股份(688121.SH)公布，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张锦红立案。目前公司各项经营 活动和业务均正常开展。 ...

格隆汇12月19日丨卓然股份(688121.SH)公布，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张锦红立案。目前公司各项经营 活动和业务均正常开展。 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

Core Viewpoint - The company and its actual controller, Zhang Jinhong, are under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, while business operations remain normal [1][2] Group 1: Regulatory Actions - On December 19, the company received a notice from the CSRC regarding the initiation of an investigation due to alleged violations of information disclosure regulations [1] - The Shanghai Securities Regulatory Bureau (SSRB) issued a decision requiring the company to take corrective measures and issued warning letters to Zhang Jinhong, Wu Yutong, and Zhang Xiaoyu for their responsibilities in the violations [2] Group 2: Violations and Consequences - The SSRB's decision indicates that from 2021 to 2024, the company improperly used part of the funds raised during its IPO, with funds being diverted to external pools controlled by Zhang Jinhong and then partially returned to non-designated accounts [1][2] - The company failed to accurately disclose the actual use of raised funds and the non-operational transactions with related parties [1][2] Group 3: Company Profile and Financials - The company specializes in modular and integrated manufacturing of large-scale refining and chemical equipment, providing comprehensive solutions for clients in the petrochemical, refining, and natural gas chemical sectors [2] - For the first three quarters of 2025, the company reported revenues of 1.565 billion yuan and a net profit of 59.56 million yuan [2]