Zitian Technology(SZ:300280) Zheng Quan Zhi Xing·2025-07-08 16:19Group 1 - The company, Fujian Zitian Media Technology Co., Ltd., is facing a risk of delisting due to financial reporting issues, specifically false records in its annual reports for 2022 and 2023 [1][3] - The company has been ordered by the Fujian Securities Regulatory Bureau to correct its financial reports and undergo a comprehensive audit by a qualified accounting firm within 30 days of receiving the decision [2][3] - As of now, the company has not hired a qualified accounting firm nor submitted a rectification report to the regulatory authority, leading to a risk warning on its stock since May 20, 2025 [2][3] Group 2 - The company's stock experienced abnormal trading fluctuations, with a cumulative price drop of 30% over two consecutive trading days on July 7 and July 8, 2025 [2] - The total amount of false revenue reported for the years 2022 and 2023 is approximately 2.5 billion yuan, which constitutes 63.53% of the total reported revenue for those years [3] - If the company fails to complete the required rectification by July 19, 2025, its stock will be terminated from listing [2][3]