*ST立方复牌再涨17%，交易所出手！

Core Viewpoint - *ST Lifan has experienced a significant stock price surge despite facing severe financial misconduct allegations and the imminent risk of forced delisting, with a remarkable increase of 314.93% over a recent trading period [2][4]. Group 1: Stock Performance - The stock of *ST Lifan has seen a dramatic rise, with 7 out of 10 trading days resulting in price limits, leading to a total increase of 314.93% from January 20 to February 5, excluding 3 days of suspension [4]. - On February 11, the stock opened significantly higher, with a peak increase of over 17% during early trading [3]. Group 2: Regulatory Actions - The Shenzhen Stock Exchange issued a risk warning regarding *ST Lifan's stock price volatility, indicating that it has triggered abnormal trading standards multiple times [2]. - The Anhui Securities Regulatory Bureau announced that *ST Lifan's disclosures contained false, inaccurate, and misleading statements, leading to regulatory actions [6]. Group 3: Financial Misconduct - *ST Lifan has been under investigation for financial misconduct, including inflating revenue and profits through false trading practices, with significant discrepancies reported in their financial statements from 2021 to 2023 [8]. - The company reported inflated revenues of 280 million yuan in 2021, 312 million yuan in 2022, and 45.87 million yuan in 2023, with corresponding inflated costs [8]. Group 4: Future Outlook - The company anticipates a net loss of 622.09 million yuan for 2025, reflecting a 20.59% year-over-year decline, with expected revenues between 200 million and 230 million yuan [9]. - The decline in revenue is attributed to strategic adjustments and a significant drop in the performance of its smart hardware and digital services business [9].