对此，上海百悦律师事务所合伙人律师牛彬向雷达财经表示，根据证券法及相关规定，上市公司不当行为给投资者造成损失的， 受损投资者可依法索赔。凡是在上市后到2025年12月19日之间买入，并且在2025年12月19日收盘时持有卓然股份股票的受损投资 者，可通过公号"雷助吧"（雷助码：77）报名，免费参与索赔。获赔前无任何费用。 雷达财经注意到，11月7日，卓然股份发布《2025年11月7日投资者关系活动记录表》。 2025年11月7日，卓然股份在上海证券交易所上证路演中心召开2025年第三季度业绩说明会，对投资者提问进行了解答。上市公司 接待人员是董事长张锦红，董事、总经理张军，董事会秘书张笑毓，财务总监吴玉同，独立董事郑凯。 雷达财经雷助吧出品 文|简白 编|深海 请问公司未来的分红计划和派息政策？对此，卓然股份回复称，公司始终高度重视股东回报，在保持经营稳健发展的基础上，坚 持推行稳定的分红政策。未来，公司将在充分考虑行业发展趋势、企业日常经营发展需要、股东权益诉求、社会资金成本、外部 融资环境等综合因素的基础上，秉承着公司发展与股东利益并重的原则，平衡股东的合理投资回报与公司长远发展，建立持续、 稳定、科学的 ...

中国经济网北京12月23日讯 上交所网站于12月19日公布关于上海卓然工程技术股份有限公司（以下简称"卓然股份"，688121.SH）资金使用相关事项的 监管工作函，涉及对象为上市公司、董事、高级管理人员、控股股东及实际控制人、中介机构及其相关人员。 卓然股份于2021年9月6日在上交所科创板上市，公开发行股份数量为5066.67万股，发行价格为18.16元/股，保荐机构为安信证券股份有限公司（2023年 12月8日更名为国投证券），保荐代表人为许杲杲、郭青岳。该股目前处于破发状态。 公司上述行为违反了《上市公司信息披露管理办法》(证监会令第182号)第三条第一款的规定。根据《上市公司信息披露管理办法》(证监会令第182号) 第五十二条第一项的规定，上海证监局决定对卓然股份采取责令改正的行政监管措施。 张锦红时任公司董事长，对公司上述违规行为负有责任，违反了《上市公司信息披露管理办法》(证监会令第182号)第四条的规定。根据《上市公司信 息披露管理办法》(证监会令第182号)第五十一条第一款、第五十二条第三项的规定，上海证监局决定对张锦红采取出具警示函的行政监管措施。 吴玉同时任公司财务总监，对公司上述违规行 ...

Group 1 - Shanghai Zhuoran Engineering Technology Co., Ltd. has signed a strategic agreement for a total contract amount of 4.033 billion yuan to undertake the equipment supply for a 1.2 million tons per year PBAT biodegradable polyester project [1] - This collaboration aligns with the national strategy to enhance green development momentum, actively participating in the national carbon market and promoting a clean, low-carbon, and efficient system [2] - The project aims to leverage the expected doubling of the green low-carbon industry scale to approximately 22 trillion yuan over the next five years, focusing on technology and industry chain innovation [2] Group 2 - The project emphasizes the creation and opening of industrial scenarios, particularly in high-end equipment manufacturing and digital transformation, with significant investment in these areas [3] - Zhuoran is focusing on key technology directions such as green methanol production and biomass energy conversion, utilizing its expertise in large petrochemical equipment integration [3] - The company is strategically extending its business structure towards providing solutions for green and low-carbon energy equipment systems, contributing to the energy sector's green transition [3] Group 3 - Each partner in the project brings advanced experience to ensure efficient project implementation, with East View Company contributing valuable insights into green energy project planning and market development [4] - Zhuoran will provide advanced technology and integrated solutions based on its core advantages in high-end equipment manufacturing [4] - A dedicated project management platform will be established to track progress and ensure timely execution of all collaborative efforts, contributing to the realization of national green development goals during the 14th Five-Year Plan period [4]

Group 1 - Kangnibei Group plans to transfer up to 5,065,900 shares, representing no more than 2% of the total share capital, to its controlling shareholder, Zhejiang Pharmaceutical Group, through a block trade [1] - Guiguan Network elected Dai Qingsong as the chairman of the fifth board of directors, who will also act as the general manager [2] - Huayin Technology's shareholders plan to transfer a total of 10,725,600 shares, accounting for 3.93% of the total share capital [3] Group 2 - Wireless Media's subsidiary won a bid for an AI-enabled media platform project with a contract amount of 4.8895 million yuan [4] - Chaosheng Electronics plans to invest 1.008 billion yuan in a high-performance HDI circuit board expansion and upgrade project, aiming to increase production capacity by 240,000 square meters annually [5] - Yingfeng Co., Ltd. disclosed a plan to raise no more than 522 million yuan through a private placement for various projects [6] Group 3 - Yongtai Technology's executives plan to collectively increase their holdings by no less than 5 million yuan without a price range [7] - Guangdong Construction's subsidiary's wind power project has successfully connected its first unit to the grid, contributing to a total installed capacity of 5,094.52 MW [8] - *ST Jiaotou was selected as the first candidate for a sewage treatment plant project with an estimated contract value of 128 million yuan [9] Group 4 - Sanhua Intelligent Control expects a net profit of 3.874 billion to 4.649 billion yuan for 2025, representing a year-on-year increase of 25% to 50% [10] - Aolian Electronics is planning a change in control, leading to a temporary suspension of its stock [11] - ST Zhengtong will resume trading on December 24 after lifting risk warnings and changing its stock name [12] Group 5 - China Nonferrous Metal Industry's subsidiary acquired a 99.9004% stake in Raura Company for 106 million USD, which includes a zinc polymetallic mine in Peru [13] - Xusheng Group's actual controller will change to the Guangzhou Municipal Government, with stock resuming trading [14] - Hualian Holdings plans to acquire 100% of Argentum Lithium S.A. for approximately 1.75 billion USD [15] Group 6 - Yichang Technology is planning a change in control, leading to a temporary suspension of its stock [16] - Runyang Technology's controlling shareholder intends to transfer 5% of the company's shares at a price of 30.08 yuan per share [17] - Hongqi Chain's shareholder, Yonghui Supermarket, plans to reduce its holdings by up to 3% [18][19] Group 7 - Jiaojian Co., Ltd.'s actual controller is under criminal investigation, but the company's control has not changed [20][29] - Tianji Technology is facing a lawsuit for alleged collusion in bidding [21] - Yuehai Feed's controlling shareholder plans to reduce its holdings by up to 3% [22][23] Group 8 - Bojie Co., Ltd. plans to distribute a cash dividend of 0.94 yuan per 10 shares for the 2025 interim period [24] - Dongjiang Environmental plans to invest up to 12 million yuan in a capital increase for a technology company [25] - Taiankang's product received a drug registration certificate for a combination treatment for benign prostatic hyperplasia [26] Group 9 - Lingyun Optical plans to invest up to 5 million USD in a cornerstone investment for an IPO [27] - Canar Co., Ltd. intends to acquire 70% of Jiangxi Fenglin for 21 million yuan [28] - Enjie Co., Ltd.'s subsidiary received a government subsidy of 20 million yuan, accounting for 3.6% of the latest audited net profit [34] Group 10 - China Nuclear Construction plans to introduce investors for a total capital increase of 5 billion yuan, maintaining control over its subsidiaries [35] - Xinzhu Co., Ltd. signed a framework cooperation agreement for an integrated energy project in Tibet [36] - Beibo Co., Ltd. plans to establish a holding subsidiary focused on high-temperature industrial equipment [37] Group 11 - Emei Mountain A plans to establish a wholly-owned subsidiary for tea industry integration with an investment of 10 million yuan [38] - Tianpu Co., Ltd. confirmed the results of a tender offer, with a total of 201 shares accepted [39] - *ST Dongtong's stock will be delisted, entering a 15-day delisting period [40] Group 12 - Zhuoran Co., Ltd.'s subsidiary signed a significant order worth 4.033 billion yuan for a project, representing 142.09% of the company's expected revenue for 2024 [41]

Investment Highlights - Zhuoran Co., Ltd. signed a total contract for a 4.033 billion yuan annual production of 1.2 million tons PBAT biodegradable polyester project, accounting for 142% of the company's audited revenue for 2024 [1][2] - Hualian Holdings plans to acquire 100% of Argentum for 1.235 billion yuan, entering the lithium extraction business from salt lakes [1][2] - Xusheng Group's actual controller has changed to the Guangzhou Municipal Government, and the stock has resumed trading [1] - Tianpu Co., Ltd. has a new actual controller, Yang Gongyifan, who, along with his concerted actors, controls 68.29% of the shares, and the stock has resumed trading [1] - Xiangyu Medical's brain-computer interface products have entered over 500 tier-three hospitals, with a target of over 700 by the Spring Festival [1] - Tongyu Communication's subsidiary Zhonghong Tongyu plans to increase capital and introduce investors to enhance its capital strength for satellite communication product R&D and operational expenses [1] - Lingyun Optical's wholly-owned subsidiary intends to act as a cornerstone investor in the IPO of Zhipu on the Hong Kong Stock Exchange [1] - Tainkang's wholly-owned subsidiary received a drug registration certificate for Finasteride and Tadalafil capsules, a product not yet approved by other companies in China [1] - Wantai Biological's bivalent human papillomavirus vaccine has been included in the 2025 National Immunization Program centralized procurement project [1] - Sanli Pharmaceutical plans to acquire the HXW2324 compound and related patents from Hainan University for developing new treatment candidates for Alzheimer's disease [1] - Haohan Depth has provided safety system support for L3 level autonomous driving in multiple regions [1] - Guangxun Technology's 1.6T optical module has achieved mass delivery capability [1] Capital Operations - Super Sonic Electronics plans to invest 1 billion yuan in upgrading and expanding high-performance HDI printed circuit board technology [2] - EVE Energy's headquarters for sodium energy and the Jin Yuan Robot AI Center project has commenced construction [2] - Lingyi Zhi Zao intends to acquire 35% of server thermal management company Liminda for 875 million yuan [3] - Nanya New Materials plans to raise no more than 900 million yuan for AI computing power-based high-end high-frequency high-speed copper-clad laminate R&D and industrialization projects [3] - Jinpan Technology plans to issue 1.672 billion yuan in convertible bonds for data center power module projects [3] - China Nuclear Construction's subsidiary introduced ICBC Investment to increase capital by 5 billion yuan for market-oriented debt-to-equity swaps to repay financial institution loans [3] - Yongding Co., Ltd.'s optical chip subsidiary plans to increase capital and introduce external investors such as Cambridge Technology [3] Performance Forecast - Sanhua Intelligent Control expects a net profit of 3.9 billion to 4.6 billion yuan in 2025, representing a year-on-year growth of 25% to 50% [4]

Group 1 - Xusheng Group's actual controller has changed to the Guangzhou Municipal Government, with stock resuming trading on December 23, 2025 [1] - Lingyun Light plans to invest up to $5 million in the IPO of Zhipu Hong Kong as a cornerstone investor [1] - Ningbo Huaxiang's subsidiary has signed a strategic cooperation agreement with Dahuan Robotics to enhance collaboration in the development of dexterous hands [2] Group 2 - Hualian Holdings intends to acquire 100% of the Canadian company Argentum Lithium S.A. for $175 million, which is approximately 1.235 billion yuan [3] - Shiyuan Zhaoye plans to raise no more than 550 million yuan through a convertible bond issuance for the Zhuhai Shiyuan Jingguan Garden project [4] - ST Quanwei and its subsidiary are involved in a civil mediation agreement involving 69.0158 million yuan [4] Group 3 - Jiao Jian Co.'s actual controller has been subjected to criminal coercive measures, but the company's control has not changed [5] - Tianji Technology is facing a lawsuit for alleged collusion in bidding, but its operations remain normal [5] - Jinpan Technology plans to issue 1.672 billion yuan in convertible bonds for data center power modules and other projects [5] Group 4 - Hongqi Chain's shareholder Yonghui Supermarket plans to reduce its stake by up to 3% [6] - Shuangqiang Technology's director did not implement a planned share reduction [7] - Zhuoran Co.'s subsidiary has signed a significant order worth 4.033 billion yuan [8] Group 5 - ST Zhitong's stock will have its risk warning lifted on December 24, 2025, with a change in trading limits [9] - Yingwei Co. plans to reduce its stake by up to 0.56% [10] - Huaxia Happiness's board rejected five temporary proposals from China Ping An Life Insurance [11] Group 6 - China Nonferrous Metals plans to acquire 99.9% of Raura Company for $106 million [11] - Sanhua Intelligent Control expects a net profit of 3.874 billion to 4.649 billion yuan for 2025, a year-on-year increase of 25% to 50% [11] - Chaoxun Communication received a government subsidy of 18.0455 million yuan [12] Group 7 - Jiangfeng Electronics plans to transfer 4% of Shanghai Runping's equity for 60 million yuan [12] - Dingyang Technology has launched a 20 GHz high-bandwidth digital oscilloscope [13] - Linyi Intelligent plans to acquire 35% of Dongguan Liminda Electronics for 875 million yuan [14] Group 8 - Trina Solar has sold its U.S. 5GW module factory to T1, receiving $100 million in cash and shares [14] - Aihua Packaging's major shareholder reduced its stake by 700,000 shares during the stock's abnormal fluctuation period [14] - China Merchants Bank has approved a comprehensive credit limit of 165 billion yuan for China Merchants Group [15] Group 9 - Lingwei Technology plans to acquire 70% of Jiangsu Huimai for 50.2 million yuan [16] - Yongding Co. is increasing its capital by 600 million yuan for its polysilicon subsidiary [19] - Zhong'an Technology's subsidiary is voluntarily extending its share lock-up period by six months [19] Group 10 - Xiangyu Medical's brain-computer interface products have entered over 500 top-tier hospitals, with a target of 700 by the Spring Festival [18] - Wenda Technology's major shareholder has terminated its share reduction plan [18] - Wenta Technology's major shareholder reduced its stake by 1.2097 million shares [18]

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，上海卓然工程技术股份有限公司（简称：卓然股份（维权）代码：688121）发布 《关于公司及实际控制人收到立案告知书的公告》。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。当晚，公司还发布《关于收到上海证监局行政监管措施决定书的公告》。 曾代理投资者告赢130余家上市公司并获赔的浙江裕丰律师事务所厉健律师表示，根据立案公告，卓然 股份涉嫌证券虚假陈述，受损投资者可依法索赔。 （厉健律师专栏） 公告显示，上海证监局查明公司存在以下违规事项： 2021年至2024年期间，公司在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 ...

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20日，上海卓然工程技术股份有限公司（以下简称"卓然股份（维权）"或"公司"）发布公告 称，公司及实控人张锦红于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，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控人张锦红立案。上 海市信本律师事务所赵敬国律师（执业证号：13101200410820485）提示，于2025年12月20日之前买入 且有持仓，无论在2025年12月20日及之后是否卖出的投资者，或可通过"新浪股民维权平台"自愿登记索 赔。（赵敬国律师专栏） 2024年9月，卓然股份共同实际控制人张新宇因未履行2023年定向增发时的业务重组承诺，收到上海证 监局警示函。2 ...

Core Viewpoint - Zhuoran Co., Ltd. has been subjected to administrative regulatory measures due to violations in the use of IPO fundraising, revealing significant internal control and corporate governance issues [1][4][5]. Group 1: Regulatory Actions - The Shanghai Securities Regulatory Commission has ordered Zhuoran Co. to rectify its violations regarding the disclosure of fundraising and the actual use of funds, with three former executives receiving warning letters [1][4]. - The China Securities Regulatory Commission has initiated a case against Zhuoran Co. and its actual controller, Zhang Jinhong, for suspected violations of information disclosure [2][4]. Group 2: Financial Performance - Zhuoran Co. experienced a decline in net profit for three consecutive years from 2022 to 2024, with net profits decreasing from 1.9 billion yuan in 2022 to 947.69 million yuan in 2024, representing a year-on-year decrease of 39.88%, 18.75%, and 38.46% respectively [6]. - In the first three quarters of 2025, the company reported a revenue of 1.565 billion yuan, a year-on-year decrease of 18.8%, and a net profit of 59.56 million yuan, a significant increase of 74.55% primarily due to the sale of a subsidiary [7][8]. Group 3: IPO and Fund Utilization - Zhuoran Co. raised 920 million yuan during its IPO in 2021, but regulatory findings indicated that part of the raised funds was improperly used, flowing into external funding pools controlled by related parties [2][4][5]. - As of June 2025, the company reported that most of the IPO funds had been invested, with significant amounts allocated to various projects, including 480 million yuan for petrochemical equipment production [5]. Group 4: Market Position and Challenges - Zhuoran Co. operates in the domestic refining and chemical equipment industry, providing integrated solutions for oil and gas sectors, but has faced challenges due to high customer concentration, with 89.22% of revenue coming from the top five customers [6][8]. - The company is under pressure from high debt levels, with a debt-to-asset ratio of 66.88% and accounts receivable reaching 2.531 billion yuan, complicating its operational and governance reform efforts [8].

Core Viewpoint - The article discusses the signing of a contract for a major PBAT biodegradable polyester production project by Zhuoran Co., which is expected to significantly boost its revenue and position in the biodegradable materials market [1][2]. Group 1: Project Overview - Zhuoran Co.'s subsidiary Zhuoran Smart has signed a contract for an EPC project with Dongjing Green Energy and Inner Mongolia Dongjing Zhongke New Materials, focusing on a production line for 120,000 tons of PBAT biodegradable polyester [1]. - The total contract amount is approximately 4.033 billion RMB, which represents 142.09% of the company's audited revenue for 2024 [1]. - The project will include the construction of a central control room, substations, and other auxiliary facilities, making it the largest single PBAT production line in China upon completion [2]. Group 2: Company Background - Inner Mongolia Dongjing Biological Environmental Technology Co., established in 2015, is a leading producer of biodegradable and modified materials, with a full industry chain in PBAT production and processing [3]. - The company has collaborated with major logistics firms like Shentong and Zhongtong to expand its market influence through cross-industry partnerships [3]. - Shanghai Dongjing Green Energy New Materials Co., established in July 2025, focuses on R&D and manufacturing of bio-based materials [3].