Core Viewpoint - *ST Lifan faces severe penalties from the Anhui Securities Regulatory Bureau due to suspected financial fraud, with potential forced delisting risks due to significant discrepancies in reported revenue [1] Financial Reporting Issues - The company has allegedly falsified financial data in its annual reports for three consecutive years from 2021 to 2023 [1] - The total amount of falsely reported revenue for 2021 and 2022 exceeds 500 million yuan, which is more than 50% of the total revenue disclosed for those two years [1] Regulatory Actions - The Anhui Securities Regulatory Bureau issued a notice of administrative penalties and market entry prohibition to *ST Lifan on November 28, 2025 [1] - The Shenzhen Stock Exchange has observed significant fluctuations in *ST Lifan's stock price, triggering multiple instances of abnormal trading standards [1] - The exchange has implemented self-regulatory measures, including trading suspensions for investors engaged in abnormal trading behaviors [1]
深交所：*ST立方股价已多次触发异动标准 公司存在重大违法强制退市风险
Zheng Quan Ri Bao Wang·2026-02-10 12:55