CDT(SZ:300344) Di Yi Cai Jing Zi Xun·2026-01-23 06:24Core Viewpoint - The Anhui Securities Regulatory Commission has issued a notice regarding *ST Lifan (300344.SH), highlighting concerns over misleading statements made by the company's actual controller, Gu Yutang, which led to a significant stock price increase. The company faces a major risk of forced delisting due to serious violations of financial reporting regulations [1][3]. Group 1: Misleading Statements and Stock Price Impact - The Anhui Securities Regulatory Commission noted that misleading information was disseminated through media by Gu Yutang, resulting in a stock price surge on January 20, 2023, when *ST Lifan's shares hit the daily limit [1][2]. - Following the misleading statements, *ST Lifan issued a clarification on January 20, stating that the board was unaware of the reports and did not authorize their release [2]. - The Shenzhen Stock Exchange has initiated disciplinary procedures against Gu Yutang for his actions, which are deemed to have violated disclosure regulations [2]. Group 2: Financial Misconduct and Regulatory Actions - *ST Lifan has been flagged for three consecutive years of financial data misrepresentation, which could lead to forced delisting under the Shenzhen Stock Exchange's rules [3][5]. - The company has been accused of inflating revenue and costs significantly in its financial reports for 2021, 2022, and 2023, with inflated revenues of 280 million yuan (50.09% of 2021 revenue), 312 million yuan (51.67% of 2022 revenue), and 45.87 million yuan (24.00% of 2023 revenue) [4]. - The Anhui Securities Regulatory Commission plans to impose a fine of 10 million yuan on *ST Lifan and issue warnings to the responsible individuals, with potential market bans for three key personnel [5].