CDT(SZ:300344) 智通财经网·2025-11-28 09:44Core Viewpoint - ST Lifan has been notified by the China Securities Regulatory Commission (CSRC) regarding administrative penalties and market entry bans due to inflated revenue and costs through various fraudulent activities [1][2] Summary by Sections Administrative Penalties - The company received a notice from the CSRC on November 28, 2025, indicating that it inflated operating revenue and costs through agency business, financing trade, and false trade [1] Financial Misrepresentation - The notice identified that the annual reports for 2021, 2022, and 2023 contained false records, with a total inflated revenue amount of 592 million yuan, accounting for 50.91% of the total reported revenue for those two years [2] Potential Delisting - The company may face mandatory delisting due to continuous false records in financial indicators over three years, including operating revenue, total profit, net profit, and balance sheet items [2] - The stock will be suspended for one day starting December 1, 2025, and will resume trading on December 2, 2025, with a risk warning for delisting implemented from the resumption date [2]