Group 1 - Daya Intelligent and Zhenray Technology have been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [2][4][6] - Daya Intelligent reported a revenue of 206 million yuan for the first three quarters of 2025, a decrease of 26.89% year-on-year, and a net profit attributable to shareholders of -70.98 million yuan, indicating a shift from profit to loss [4] - Zhenray Technology achieved a revenue of 302 million yuan for the first three quarters of 2025, a year-on-year increase of 65.76%, and a net profit of 101 million yuan, reflecting a significant growth of 598.09% [7] Group 2 - Zhenray Technology's stock price has surged over 290% this year, closing at 138 yuan per share on December 26, with a total market capitalization of 29.5 billion yuan [7] - The actual controller and chairman of Zhenray Technology, Yu Faxin, was previously subjected to detention measures but has since been released and is able to resume his duties [6][7] - Daya Intelligent's main revenue sources are from smart distribution and photovoltaic businesses, specifically focusing on distributed photovoltaic power stations for commercial rooftops [4]

公开资料显示，ST长园核心业务包括智能电网设备与能源互联网技术服务、消费类电子及其他领域智 能设备、磷酸铁锂材料。今年前三季度，公司实现营业收入54.38亿元，同比减少1.34%；实现归母净利 润-3.28亿元。 多家A股公司被证监会立案调查。 12月26日晚间，截至发稿，有4家A股公司发布公告称，涉嫌信息披露违法违规被中国证监会立案。具 体来看： ST长园（600525）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。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。 臻镭科技（688270）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予以立案。目前公司各项经营管理、 业务及财务状况均正常。 就在两天前，臻镭科技发布了《关于前期会计差错更正的公告》，公告显示，公司全资子公司杭州城芯 科技有限公司2022年营业收入 ...

Group 1 - The National Venture Capital Guiding Fund has officially launched with a government investment of 100 billion yuan, expected to leverage over 1 trillion yuan in social capital for strategic emerging industries such as integrated circuits, artificial intelligence, and quantum technology [3] - The People's Bank of China (PBOC) emphasizes the need to improve the policy environment for long-term investments, aiming to increase the scale and proportion of medium- and long-term funds invested in A-shares [4] - The Shanghai Stock Exchange has released guidelines to support commercial rocket companies, allowing them to list on the Sci-Tech Innovation Board under specific conditions [3] Group 2 - The Ministry of Industry and Information Technology has outlined ten key tasks for 2026, including addressing "involution" competition and supporting artificial intelligence initiatives [4] - The industrial economy is projected to grow by 5.9% in 2025, with digital industry revenue expected to increase by around 9% [4] - The National Bureau of Statistics has confirmed that China's GDP for 2024 is 13.48 trillion yuan, with a year-on-year growth of 5.0% [4] Group 3 - The A-share market experienced a slight increase, with the Shanghai Composite Index rising by 0.10% to 3963.68 points, marking an eight-day winning streak [6] - The PBOC and the State Administration of Foreign Exchange have clarified that funds raised from overseas listings can be repatriated in foreign currency or RMB [7] - The China Securities Regulatory Commission is taking strict measures against *ST Chang Pharmaceutical for serious financial fraud, proposing fines and initiating delisting procedures [7] Group 4 - The first batch of national-level zero-carbon parks has been announced, with 52 parks expected to generate a total output value of 3.54 trillion yuan [5] - The Ministry of Finance and other departments have issued guidelines to enhance the role of government financing guarantee systems in supporting labor-intensive small and micro enterprises [5] - The PBOC has included agricultural facilities and clearly owned livestock in the scope of agricultural rural mortgage financing to promote rural revitalization [5]

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日丨臻镭科技(688270.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予以立案。目前公司各项经营管理、业务及财务状 况均正常。公司于2025年12月25日在上海证券交易所网站披露《关于前期会计差错更正的公告》（公告 编号：2025-057）。立案期间，公司将积极配合中国证监会的相关工作，并严格按照监管要求及时履行 信息披露义务。 登录新浪财经APP 搜索【信披】查看更多考评等级 ...

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].

12月26日晚间，臻镭科技发布公告称，公司于近日收到中国证券监督管理委员会下发的《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，证监会决定对公司立案。 根据该更正公告，涉及的调整事项主要与部分业务的收入确认时点、研发支出资本化、应收账款坏账准 备计提、存货跌价准备计提以及股份支付费用等会计处理有关。公司表示，此次会计差错更正后，相关 定期报告中的营业收入、净利润等主要财务数据将发生变化。 证监会此次立案的具体缘由是否与前述会计差错更正事项直接相关，目前尚未有明确信息。市场分析人 士指出，上市公司因信披违法违规被立案调查，通常涉及财务数据虚假记载、重大遗漏或误导性陈述等 问题。此次立案调查结果及其对公司的影响，有待监管部门的进一步查明。 臻镭科技主营集成电路芯片和微系统的研发、生产和销售，于2022年1月在科创板上市。此次被立案调 查，预计将对公司股价及市场形象产生一定影响。 臻镭科技表示，目前公司各项经营管理、业务及财务状况均正常。公司将积极配合证监会的相关工作， 并严格按照监管要求及时履行信息披露义务。 值得关注的是，就在立案公告发布前一日（12月25日），臻镭科技刚刚披露了一份《关于前期会 ...

Core Viewpoint - Zhenray Technology (688270.SH) has received a notice of investigation from the China Securities Regulatory Commission (CSRC) due to suspected violations of information disclosure laws, while the company's operations and financial status remain normal [1]. Group 1: Company Overview - Zhenray Technology focuses on the research, production, and sales of integrated circuit chips and microsystems, providing technical services related to its products [4]. - The company's main products include RF transceiver chips, high-speed and high-precision ADC/DAC chips, power management chips, and microsystems, offering solutions from antennas to signal processing [4]. - Zhenray Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 27, 2022 [4]. Group 2: Financial Performance - For the first three quarters of this year, Zhenray Technology achieved revenue of 302 million yuan, representing a year-on-year increase of 65.76% [4]. - The net profit attributable to shareholders surged by 598.09% to 101 million yuan [4]. - In the third quarter, the company reported revenue of 97.51 million yuan, up 51.33% year-on-year, and a net profit of 38.64 million yuan, reflecting a year-on-year growth of 337.49% [4]. Group 3: Leadership and Shareholding - Yu Faxin, the chairman and core technical personnel of Zhenray Technology, holds 45,042,956 shares, accounting for 21.04% of the company, making him the largest shareholder [4]. - In 2024, Yu Faxin received a pre-tax remuneration of 960,800 yuan from the company [3]. - Yu Faxin was previously subject to a detention measure by the Huangshi Municipal Supervisory Committee but has since resumed his duties as chairman [1][2].

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]