CDT(SZ:300344) Di Yi Cai Jing·2025-11-28 10:13Core Viewpoint - The company ST Lifan has been found to have significant financial misstatements in its annual reports for 2021, 2022, and 2023, leading to potential major violations and forced delisting from the stock market [1][2]. Group 1: Financial Misstatements - The company reported a total of 6.38 billion yuan in inflated revenue and 6.28 billion yuan in inflated costs from 2021 to 2023, with 2.80 billion yuan in revenue and 2.77 billion yuan in costs inflated in 2021, 3.12 billion yuan in revenue and 3.05 billion yuan in costs inflated in 2022, and 460 million yuan in revenue and 450 million yuan in costs inflated in 2023 [2]. - The inflated revenue for 2021 and 2022 combined amounts to 5.92 billion yuan, which represents 50.91% of the total reported revenue for those years [1]. Group 2: Regulatory Actions - The Anhui Securities Regulatory Bureau has issued a notice of administrative penalties and market ban against the company, proposing a fine of 10 million yuan for the company and a total of 30 million yuan for 10 responsible individuals [2]. - The company is facing potential forced delisting due to serious violations of securities laws, and the Shenzhen Stock Exchange will initiate delisting procedures [2]. Group 3: Market Impact - As of November 28, the company's stock price fell by 5.62%, closing at 3.36 yuan per share [3].