立方数科严重财务造假深交所将依法启动退市程序

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed administrative penalties on Lifan Shuke for falsifying financial data in periodic reports, marking a significant step in the crackdown on financial fraud in the market [1][2] Group 1: Company Actions and Penalties - Lifan Shuke inflated its revenue by 638 million yuan and costs by 628 million yuan from 2021 to 2023 through various fraudulent activities [1] - 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, including Wang Yi [1] - The Shenzhen Stock Exchange will initiate delisting procedures for Lifan Shuke due to serious violations of securities laws and regulations [1] Group 2: Regulatory Environment - This case represents the first instance of a listed company receiving a penalty while its intermediary institution is also under investigation, highlighting the regulatory approach of targeting both the primary offenders and their accomplices [1] - Lifan Shuke is the 14th company this year to face mandatory delisting due to financial fraud, indicating a record high for such cases [2] - The increase in companies facing delisting is attributed to new regulations adjusting the standards for financial fraud and the CSRC's zero-tolerance stance towards such misconduct [2]