由于立方数科涉嫌信息披露违法违规，被中国证监会预处罚，为维护证券投资者合法权益，上海汉联律 师事务所宋一欣律师向曾经购买过立方数科的证券投资者展开诉讼代理征集，代理投资者索赔诉讼，权 益受损的证券投资者可以向前述律师进行索赔登记。（宋一欣律师专栏） 登录新浪财经APP 搜索【信披】查看更多考评等级 宋一欣律师认为，立方数科案的索赔条件为：2022年4月25日至2025年4月28日期间买入立方数科股票或 债券等证券市场公开发行产品，并在2025年4月29日及之后卖出或继续持有的受损投资者，可以办理索 赔登记。（立方数科维权入口） 2025年11月29日，立方数科股份有限公司 （简称：立方数科、ST立方（维权），代码：300344）发布 《关于公司及相关人员收到行政处罚及市场禁入事先告知》及重大违法强制退市风险提示的公告》。 经中国证监会安徽证监局查明，立方数科等涉嫌违法的事实如下：立方数科通过开展代理业务、融资性 贸易、虚假贸易虚增营业收入、 营业成本、利润总额，导致立方数科披露的2021年至2023年年度报告 存在虚假记载。其中，2021年，虚增营业收入279，726，668.85元，占当年营业收入的50.0 ...

Group 1 - The core viewpoint of the articles highlights a significant shift in regulatory enforcement in the capital market, emphasizing accountability for both the primary offenders and the intermediary institutions involved in financial fraud [1][2] - The case of Lifan Shuke marks the first instance where both a listed company and its accounting firm are subjected to administrative penalties and investigations simultaneously, indicating a comprehensive approach to tackling financial misconduct [1][2] - Regulatory bodies, including the CSRC, are intensifying their efforts to combat financial fraud, establishing a multi-layered and integrated prevention and punishment system that holds all parties in the fraud chain accountable [2][3] Group 2 - The regulatory framework has been strengthened with the issuance of guidelines that clarify the responsibilities of intermediary institutions, reinforcing their role as gatekeepers in the capital market [2] - The enforcement measures have become more diverse, incorporating property penalties, qualification penalties, behavioral penalties, and reputational penalties, creating a comprehensive punitive structure [2] - A multi-faceted compensation and relief system for investors is being developed, which includes collective lawsuits and diversified dispute resolution mechanisms, aimed at reducing the cost of investor rights protection and improving compensation efficiency [3]

ST立方最新披露，公司被查明存在年报虚假记载，2021年至2023年累计虚增营收超6亿元，安徽证 监局对公司及10名相关责任人合计罚款4000万元，多人被采取10年市场禁入措施。 记者关注到，在此番被查明财务造假之前，ST立方去年至今两度更正会计差错，2024年年报被出 具"非标"意见，今年4月底被实施ST。 2025.11. 30 本文字数：2666，阅读时长大约4分钟 作者 | 第一财经 周楠 连续三年虚增营收，其中两年的虚增金额占到当期总营收五成以上，控股股东正在推进破产重整的 ST立方（300344.SZ），因上述财务造假问题吃下大额罚单，并由此拉响退市"警钟"。 如今，ST立方在"戴帽"半年之后还将"披星"。根据安排，该股将于12月1日开市起停牌，次日复牌后 股票简称变更为*ST立方。公司同时提到， 若后续正式处罚出炉，公司被认定触及重大违法强制退 市情形，将被终止上市。 基本面上，ST立方已亏损累累，近五年扣非净利润累计亏损超10亿元。公司控股股东正在推进破产 重整，持股5%以上股东的部分持股近期则遭遇流拍。 连续三年财务造假 早前，ST立方4月底披露，公司因定期报告涉嫌信披违法违规被证监会立案。 ...

Core Viewpoint - The investigation into ST Lifan's financial fraud case has led to the formal investigation of the accounting firm Zhongxing Caiguanghua by the China Securities Regulatory Commission (CSRC), marking a significant case in the A-share market where both the listed company and its intermediary are being penalized simultaneously [1][2]. Group 1: Financial Fraud Details - From 2021 to 2023, Lifan Shuke inflated its revenue by 638 million yuan and costs by 628 million yuan through various fraudulent activities [2]. - In 2021, the inflated revenue and costs were 280 million yuan and 277 million yuan, respectively; in 2022, they were 312 million yuan and 305 million yuan; and in 2023, they were 46 million yuan and 45 million yuan [2]. - The Anhui Securities Regulatory Bureau plans to impose a fine of 10 million yuan on Lifan Shuke and a total of 30 million yuan on 10 responsible individuals [2]. Group 2: Impact on Accounting Firm - Zhongxing Caiguanghua, established in 1983, ranks 29th among 105 accounting firms in the latest evaluation, with a revenue of 131.37 million yuan and 805 registered accountants [3]. - The firm has faced multiple regulatory penalties in the past for failing to exercise due diligence in audits, including a fine of 9.25 million yuan related to a previous case [3]. Group 3: Regulatory Environment and Industry Response - The case highlights systemic risks in the auditing industry due to conflicts of interest and regulatory lag, prompting calls for a shift from individual case penalties to institutional prevention measures [4]. - Experts suggest enhancing regulatory and punitive measures, improving audit independence, and promoting information sharing and public oversight to strengthen accountability in the auditing sector [4][5]. - In 2024, the CSRC plans to hold various intermediary institutions accountable for negligence, with a total of 673 million yuan in fines imposed on multiple firms [5].

【#ST立方（维权）3年虚增营收超6亿#，#ST立方下周披星#】连续三年虚增营收，其中两年的虚增金 额占到当期总营收五成以上，控股股东正在推进破产重整的ST立方（300344.SZ），因上述财务造假问 题吃下大额罚单，并由此拉响退市"警钟"。 ST立方最新披露，公司被查明存在年报虚假记载，2021年至2023年累计虚增营收超6亿元，安徽证监局 对公司及10名相关责任人合计罚款4000万元，多人被采取10年市场禁入措施。 记者关注到，在此番被查明财务造假之前，ST立方去年至今两度更正会计差错，2024年年报被出具"非 标"意见，今年4月底被实施ST。 如今，ST立方在"戴帽"半年之后还将"披星"。根据安排，该股将于12月1日开市起停牌，次日复牌后股 票简称变更为*ST立方。公司同时提到，若后续正式处罚出炉，公司被认定触及重大违法强制退市情 形，将被终止上市。 基本面上，ST立方已亏损累累，近五年扣非净利润累计亏损超10亿元。公司控股股东正在推进破产重 整，持股5%以上股东的部分持股近期则遭遇流拍。 ...

公开资料显示，品高股份的主营业务包括云计算和行业信息化，其核心产品和收入盈利来源主要来自云 计算。 过去一周（11月24日—11月28日），A股三大指数集体上涨。截至11月28日收盘，上证指数报3888.60 点，周涨1.40%；深成指报12984.08点，周涨3.56%；创业板指报3052.59点，周涨4.54%。 具体来看，超83%的个股周内实现上涨，192股周涨超15%，12股周跌超15%。按照申万一级行业分 类，通信、电子、传媒、轻工制造、社会服务等板块上涨，石油石化、交通运输、食品饮料、煤炭、钢 铁等多个板块下跌。 哪些个股领涨？哪些个股领跌？21投资通每周持续为你透视。 拟4亿元增资江原科技，最牛股品高股份4个交易日股价翻倍 本期牛股榜中，品高股份（688227.SH）以66.93%的周涨幅夺魁，金富科技（003018.SZ）以61.07%的 涨幅位居第二，昀冢科技（688670.SH）、长光华芯（688048.SH）、国晟科技（603778.SH）、航天环 宇（688523.SH)周涨幅超53%。本期牛股榜十只个股过去一周累计涨幅均超过44%。 最牛股品高股份属于互联网行业，云计算服务产业链： ...

Core Viewpoint - ST Lifan has been found to have inflated revenue for three consecutive years, with the inflated amounts exceeding 50% of total revenue in two of those years, leading to significant penalties and the risk of delisting [1][2]. Financial Misconduct - The company was discovered to have engaged in financial fraud, inflating revenue by a total of 638 million yuan from 2021 to 2023, with specific years showing inflated revenues of 280 million yuan, 312 million yuan, and 46 million yuan respectively [2][4]. - The inflated revenues accounted for 50.09% and 51.67% of total revenues in 2021 and 2022 respectively [2]. - The Anhui Securities Regulatory Bureau imposed a total fine of 40 million yuan on the company and ten responsible individuals, with penalties ranging from 1 million to 5 million yuan for individuals [2][4]. Administrative Proceedings - The case has entered the administrative penalty phase, allowing responsible parties to present their statements and request hearings, with the regulatory body set to review the findings [3]. Stock Status and Risks - Following the financial misconduct, ST Lifan's stock will be suspended from trading on December 1, with a name change to *ST Lifan, indicating a higher risk of delisting due to major violations [1][4]. - The company has received a "non-standard" opinion on its annual report, indicating issues with internal controls and accounting practices [4]. Financial Performance - ST Lifan has reported cumulative losses exceeding 1 billion yuan over the past five years, with net profits declining consistently [6]. - The company has been focusing on transforming its business model but continues to face challenges, including liquidity issues and asset impairments [6][7]. Bankruptcy Proceedings - The controlling shareholder is currently undergoing bankruptcy restructuring, with the application accepted by the court, indicating potential challenges in the company's financial stability [7]. - A significant portion of shares held by major shareholders is under judicial auction due to debt disputes, further complicating the company's financial situation [7].

Group 1: Index Adjustments - The announcement from the China Securities Index indicates that significant adjustments to A-share indices will take effect after market close on December 12, with the CSI 300 index replacing 11 stocks, including Huadian New Energy and Dongshan Precision [2] - The CSI 500 index will replace 50 stocks, including Heertai and Huahong Semiconductor, while the CSI 1000 index will replace 100 stocks, including Shijia Photon and Wangfujing [2] - The SSE 50 index will replace 4 stocks, including SAIC Motor and Northern Rare Earth, and the SSE 180 index will replace 7 stocks, including Guotou Capital and Zhongtian Technology [3] Group 2: Technology Finance Meeting - A joint meeting was held by the People's Bank of China and the Ministry of Science and Technology to discuss the integration of technology and finance, emphasizing the importance of technological innovation in national development [4] - The meeting highlighted the need for a financial system that supports technological innovation and called for the implementation of policies to enhance the synergy between technology and finance [4] Group 3: Regulatory Actions Against Financial Fraud - The China Securities Regulatory Commission (CSRC) has taken action against Lifan Shuke Co., which is accused of falsifying financial data, proposing a fine of 10 million yuan and initiating delisting procedures [5] - The CSRC's approach combines administrative penalties, market bans, and criminal referrals to strengthen the legal framework against financial fraud [5] Group 4: Virtual Currency Regulation - The People's Bank of China convened a meeting to address the rise in virtual currency speculation, reaffirming that virtual currencies do not hold legal status equivalent to fiat currencies and are considered illegal financial activities [6] - The meeting emphasized the need for ongoing efforts to combat illegal financial activities related to virtual currencies and improve regulatory policies [6] Group 5: Commercial Space Industry Development - The establishment of a dedicated Commercial Space Administration marks a significant step in regulating China's commercial space industry, which is expected to enhance collaboration across the industry [8] - The new agency aims to facilitate communication among various stakeholders in the commercial space sector, potentially improving overall competitiveness [8] Group 6: Securities Investigation - Tianfeng Securities has been placed under investigation by the CSRC for alleged violations related to information disclosure and financing practices [9] - This investigation may be linked to past issues regarding the company's financial practices, indicating a move towards addressing historical challenges [9] Group 7: Market Performance - On November 28, major U.S. stock indices experienced gains, with Intel shares rising by 10%, marking the largest single-day increase since September 18 [10] - Commodity markets saw significant increases, with silver prices reaching historical highs and copper prices also hitting record levels [10] Group 8: IPO and New Stock Offerings - The CSRC has approved IPO registrations for two companies, with new stock offerings scheduled for December 1-5, including Muxi Co. and Angrui Microelectronics [11][12] - This week, a total of 45 companies will have their restricted shares released, amounting to approximately 36.97 billion shares and a total market value of 665.82 billion yuan [13][16]

星标 ★ IPO日报 精彩文章第一时间推送 11月28日，中国证监会安徽证监局对立方数科股份有限公司（下称"ST立方"，300344.SZ）下发《行政处罚及市场禁入事先告知书》，揭开了这家公 司连续三年财务造假的黑幕。 调查显示，2021年至2023年期间，ST立方通过代理业务、融资性贸易和虚假贸易等手段累计虚增收入6.38亿元，虚增成本6.28亿元。 证监会拟对ST立方处以1000万元罚款，对汪逸等10名责任人合计罚款3000万元，并对三名主要责任人采取10年证券市场禁入措施。 由于涉嫌触及重大违法强制退市情形，深交所将依法启动退市程序，ST立方股票自12月1日起停牌一天，12月2日起复牌并被实施退市风险警示，股票简 称变更为"*ST立方"。 张力制图 触发红线 安徽证监局查明，ST立方的财务造假行为具有系统性、长期性特征。 具体来看，2021年公司虚增收入2.80亿元、成本2.77亿元；2022年虚增收入3.12亿元、成本3.05亿元；2023年虚增收入0.46亿元、成本0.45亿元。 尤为引人关注的是，2021年和2022年虚假记载的营业收入金额合计达5.92亿元，占该两年披露的年度营业收入合计金额的5 ...

华夏时报记者 帅可聪 北京报道 "连夜挂跌停板出货，还有逃跑的机会吗？"2025年11月28日深夜，一位投资者在ST立方（300344） （300344.SZ，下称"立方数科"）股吧中如此询问。在立方数科的3万名股东中，不少人正寝食难安。 11月28日晚间，立方数科发布公告称，公司当天收到证监会安徽监管局（下称"安徽证监局"）行政处罚 事先告知书，因被认定2021年至2023年连续三年财务造假，安徽证监局拟对公司及10名责任人罚款合计 4000万元，其中拟对公司罚款1000万元。 与此同时，证监会官网发布通报，立方数科严重财务造假案件，涉嫌触及重大违法强制退市情形，深交 所将依法启动退市程序。同时，证监会决定对本案所涉会计师事务所执业行为正式立案调查。对于可能 涉及的证券犯罪问题线索，将移送公安机关。 广东环宇京茂律师事务所徐越惠律师在接受《华夏时报》记者采访时表示，立方数科通过开展代理业 务、融资性贸易、虚假业务三种手段造假，使得公司财务报表完全失去了真实性和公允性。若正式处罚 落地，其造假行为将直接触发退市新规中的重大违法强制退市条款。投资者如因立方数科财务造假蒙受 损失，可依法起诉索赔。 三年虚增营收超 ...