688121，被证监会立案！

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].