严重财务造假，300344，或终止上市

Core Viewpoint - ST Lifan is facing severe financial fraud allegations, which may lead to its delisting from the stock market due to continuous financial misconduct from 2021 to 2023 [4][10]. Group 1: Regulatory Actions - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative punishment against ST Lifan for false reporting of financial data [6]. - The Anhui Securities Regulatory Bureau plans to impose a total fine of 40 million yuan on ST Lifan and related responsible individuals [4]. - The company is under investigation for significant violations that could trigger mandatory delisting procedures [4][9]. Group 2: Financial Performance - ST Lifan has reported inflated revenues and costs for three consecutive years, leading to severe violations of securities laws [9]. - The company has consistently incurred losses, with total revenue reported at 2.03 billion yuan for the latest quarter, showing a year-on-year decrease of 0.44% [12]. - The net profit for the latest quarter was -620 million yuan, reflecting a year-on-year decline of 20.64% [12]. Group 3: Stock Market Impact - ST Lifan's stock will be suspended from trading starting December 1 and will resume trading with a delisting risk warning on December 2 [11]. - The stock price is subject to a daily fluctuation limit of 20% after the delisting risk warning is implemented [11]. - As of November 28, ST Lifan's stock price was 3.36 yuan per share, with a total market capitalization of 2.2 billion yuan [13]. Group 4: Shareholder Information - As of October 20, ST Lifan had over 30,000 shareholders, indicating a significant retail investor base [15]. - The number of shareholders has seen a slight decline, with a decrease of 58 accounts reported in the latest period [16].