Group 1 - The Shenzhen Stock Exchange announced a temporary suspension of trading for Lifan Technology Co., Ltd. due to public media reports that may significantly impact the company's stock price [1] - The suspension will take effect from January 19, 2026, at market opening, following the company's application [1] - The company is required to disclose a clarification announcement through designated media before resuming trading [1]

Core Viewpoint - *ST Lifan (300344) has experienced significant stock price declines, raising concerns about its potential delisting due to continuous trading below the par value of 1 yuan and allegations of false reporting in its annual reports [1][4]. Trading Information Summary - On January 16, 2026, *ST Lifan closed at 0.67 yuan, down 19.28%, with a trading volume of 810,955 shares and a total transaction value of 58.31 million yuan [1]. - The stock has seen a cumulative decline of 33.9% year-to-date, with a net outflow of 24.70 million yuan from major funds over the first ten trading days of the year [1]. - The stock has been on a downward trend for four consecutive days, with two of those days experiencing declines exceeding 5% [1]. Fund Flow Summary - On January 16, 2026, major funds saw a net outflow of 10.57 million yuan, while retail investors contributed a net inflow of 6.80 million yuan [2]. Stock Performance and Regulatory Actions - *ST Lifan was listed on the "Dragon and Tiger List" due to a daily decline of 15% and a cumulative deviation of 30% over three consecutive trading days [3]. - The stock has been under a delisting risk warning since December 2, 2025, and has been identified for potential forced delisting due to suspected false reporting in its annual reports from 2021 to 2023 [3][4].

立方数科股份有限公司 公告 证券代码：300344 证券简称：*ST 立方 公告编号：2026-005 立方数科股份有限公司 股票交易异常波动的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、立方数科股份有限公司（以下简称"公司"、"立方数科"）股票于 2026 年 1 月 14 日、2026 年 1 月 15 日和 2026 年 1 月 16 日连续三个交易日收盘价格 跌幅偏离值累计 31.49%，根据《深圳证券交易所交易规则》的有关规定，属于 股票交易异常波动情形。 2、公司股票可能被实施交易类强制退市。 2026 年 1 月 13 日，公司股票收盘价为 0.97 元/股，公司股票收盘价首次 低于 1 元。根据《深圳证券交易所创业板股票上市规则》第 10.2.1 条的规定， 若公司出现连续二十个交易日的股票收盘价均低于 1 元，公司股票将被终止上市。 敬请广大投资者注意投资风险。 3、公司股票可能被实施重大违法强制退市。 公司于 2025 年 11 月 28 日收到中国证券监督管理委员会安徽监管局下发的 《行政处罚及市场禁入事先告知书》 ...

Group 1 - The software development sector experienced a decline of 2.17% on January 16, with *ST Lifan leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] - Notable gainers in the software development sector included Jin Chengzi, which rose by 10.41% to a closing price of 48.80, and Ping Gong Technology, which increased by 5.88% to 147.30 [1] Group 2 - The main funds in the software development sector saw a net outflow of 7.173 billion yuan, while retail investors experienced a net inflow of 5.849 billion yuan [2] - The stock *ST Lifan saw a significant drop of 19.28%, closing at 0.67, with a trading volume of 811,000 shares [2] - Wei Ning Health also faced a decline of 13.20%, closing at 12.10, with a trading volume of 3.1576 million shares [2] Group 3 - Key stocks with significant net inflows from main funds included Guo Li Wei, which had a net inflow of 114 million yuan, representing 11.36% of its trading volume [3] - In contrast, stocks like De Sai Xi Wei experienced a net outflow of 63.966 million yuan from speculative funds, indicating a negative sentiment [3] - The overall trend shows that while main funds are pulling out, retail investors are actively buying into certain stocks, reflecting a mixed market sentiment [3]

Core Viewpoint - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] Group 1: Market Overview - As of January 15, there are 862 stocks with a circulating market value below 3 billion yuan, and 321 of these have a circulating market value below 2 billion yuan [1] - A total of 1,513 stocks have a total market value below 5 billion yuan, with 485 stocks having a total market value below 3 billion yuan [1] Group 2: Small-cap Stocks Analysis - The three stocks with the smallest circulating market values are *ST长药 at 238 million yuan, *ST奥维 at 305 million yuan, and *ST立方 at 531 million yuan [1] - The three stocks with the smallest total market values are *ST长药 at 238 million yuan, *ST奥维 at 343 million yuan, and *ST立方 at 533 million yuan [1] Group 3: Selected Small-cap Stocks - Notable small-cap stocks include: - *ST长药: Circulating market value of 238 million yuan, total market value of 238 million yuan, and no P/E ratio [1] - *ST奥维: Circulating market value of 305 million yuan, total market value of 343 million yuan, and no P/E ratio [1] - *ST立方: Circulating market value of 531 million yuan, total market value of 533 million yuan, and no P/E ratio [1] - 扬州金泉: Circulating market value of 694 million yuan, total market value of 2.778 billion yuan, P/E ratio of 24.23 [1] - 万得凯: Circulating market value of 753 million yuan, total market value of 2.964 billion yuan, P/E ratio of 26.59 [1] - 播恩集团: Circulating market value of 758 million yuan, total market value of 2.187 billion yuan, and no P/E ratio [1]

Core Viewpoint - The A-share market is experiencing significant divergence, with some stocks reaching new highs while others are continuously declining, leading to several stocks falling below the 1 yuan face value, thus facing delisting risks [1][2]. Group 1: Stock Performance - *ST Aowei (002231) recently closed at 0.99 yuan per share, marking the first time its stock price has fallen below 1 yuan [1]. - Other stocks such as *ST Changyao (300391) and *ST Lifang (300344) have also seen their prices drop below 1 yuan, with *ST Changyao currently at 0.68 yuan after a decline of over 60% in the past month [2]. - *ST Lifang's stock price has plummeted from over 5 yuan to 0.83 yuan, representing a cumulative decline of over 80% in less than two months [2]. Group 2: Market Trends - In contrast to the declining stocks, over 200 stocks in the A-share market have reached historical highs in the past month, with more than 160 stocks achieving this milestone in less than 10 trading days since 2026 began [3]. Group 3: Company Issues - Many companies that have fallen into the low-price stock category face various operational issues, leading to multiple delisting risks [4]. - *ST Changyao received a notice from the China Securities Regulatory Commission regarding false records in its annual reports for 2021, 2022, and 2023, which could lead to forced delisting [4]. - Similarly, *ST Lifang has also been notified of potential delisting due to false records in its financial reports [4]. Group 4: Market Insights - Market expert Gui Haoming noted that even in a bullish market, not all stocks will perform well; some may decline due to poor company performance or delisting pressures, indicating a shift from the past trend of simultaneous stock movements [5]. - The decline in stock prices and trading volumes below listing requirements is primarily attributed to operational issues within the companies, emphasizing that performance remains the top priority for investors [5].

Core Viewpoint - The A-share market is experiencing significant divergence, with some stocks continuously rising to new highs while others are plummeting, with several stocks falling below the 1 yuan face value, indicating potential delisting risks [1][2]. Group 1: Stock Performance - *ST Aowei (002231) recently announced a risk of delisting due to its stock price falling below the face value, closing at 0.99 yuan per share, marking its first drop below 1 yuan [1][7]. - *ST Changyao (300391) has seen its stock price drop to 0.68 yuan, having fallen over 60% in the past month, and has closed below 1 yuan for 11 consecutive trading days [3]. - *ST Lifang (300344) has experienced a dramatic decline from over 5 yuan to 0.83 yuan, with an 80% drop in less than two months, and has closed below 1 yuan for 3 consecutive trading days [5]. Group 2: Market Context - In contrast to the decline of certain stocks, over 200 stocks in the A-share market have reached historical highs in the past month, with more than 160 stocks achieving new highs in less than 10 trading days since 2026 began [9]. - The disparity in stock performance highlights a shift from the previous trend where most stocks moved in tandem, indicating that not all stocks benefit from a bullish market environment [12]. Group 3: Underlying Issues - Many companies that have fallen into the low-price stock category face various issues, including potential delisting risks due to operational irregularities or poor performance [11]. - *ST Changyao has received a notice from the China Securities Regulatory Commission regarding false disclosures in its annual reports for 2021, 2022, and 2023, which could lead to forced delisting [11]. - *ST Lifang is also facing similar risks due to false disclosures, while *ST Aowei's market capitalization has fallen below 5 billion yuan, putting it at risk of delisting if it remains below this threshold for 20 consecutive trading days [11].

Group 1 - Small-cap stocks exhibit higher volatility and activity compared to large-cap stocks, making them more likely to become market leaders [1] - As of January 14, there are 857 stocks with a circulating market value below 3 billion yuan, and 320 stocks with a circulating market value below 2 billion yuan [1] - A total of 1497 stocks have a total market value below 5 billion yuan, with 483 stocks having a total market value below 3 billion yuan [1] Group 2 - The three stocks with the smallest circulating market values are *ST Changyao at 273 million yuan, *ST Aowei at 320 million yuan, and *ST Lifang at 589 million yuan [1] - The three stocks with the smallest total market values are also *ST Changyao at 273 million yuan, *ST Aowei at 361 million yuan, and *ST Lifang at 590 million yuan [1] - A detailed list of stocks with circulating market values below 2 billion yuan includes various sectors such as pharmaceuticals, defense, and technology [1][2]

Core Viewpoint - *ST Lifan's stock price closed at 0.97 yuan per share on January 13, 2026, marking the first time it has fallen below 1 yuan [1] Group 1: Stock Price and Listing Rules - The company is required to disclose a risk warning announcement the next trading day after its stock price first falls below 1 yuan, as per the Shenzhen Stock Exchange's listing rules [1] - According to the listing rules, if the company's stock price remains below 1 yuan for twenty consecutive trading days, it will face delisting [1]

Group 1 - The core point of the article is that *ST Lifan (300344.SZ) has announced that its stock price closed at 0.97 yuan per share on January 13, 2026, marking the first time it has fallen below 1 yuan [1] - According to the Shenzhen Stock Exchange's GEM Listing Rules, the company is required to disclose a risk warning announcement regarding the potential termination of its stock listing the next trading day after the first occurrence of a closing price below 1 yuan [1] - The rules stipulate that if the company's stock price remains below 1 yuan for twenty consecutive trading days, the stock will be subject to termination of listing [1]