立方数科财务造假被严肃查处

Core Viewpoint - The company Lifan Shuke Co., Ltd. is facing administrative penalties and potential delisting due to financial fraud involving inflated revenue and costs totaling 638 million yuan from 2021 to 2023 [1][3][4]. Group 1: Financial Misconduct - Lifan Shuke inflated its revenue and costs through agency business, financing trade, and fictitious trade, resulting in a total inflated revenue of 638 million yuan and costs of 628 million yuan [1][4]. - The breakdown of inflated figures includes 280 million yuan in revenue and 277 million yuan in costs for 2021, 312 million yuan in revenue and 305 million yuan in costs for 2022, and 46 million yuan in revenue and 45 million yuan in costs for 2023 [1][3]. Group 2: Regulatory Actions - 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 the chairman Wang Yi [1][4]. - The company is subject to a forced delisting process due to serious violations of securities laws, with its stock set to be suspended from trading on December 1 and subject to risk warnings upon resumption [5][7]. Group 3: Broader Implications - This case exemplifies the regulatory approach of targeting both the primary offenders and their accomplices, indicating a comprehensive strategy against financial fraud in the capital market [2][9]. - The involvement of the accounting firm Zhongxing Caiguanghua in the investigation highlights the accountability of intermediary institutions in financial misconduct [8].