CDT(SZ:300344) Sou Hu Cai Jing·2026-02-15 02:10Core Viewpoint - *ST Lifan is facing potential delisting due to significant financial misconduct, including false reporting of revenue exceeding 500 million yuan over two years, which constitutes over 50% of the reported annual revenue for those years [1][4]. Group 1: Regulatory Actions - On February 14, *ST Lifan received a notice from the Shenzhen Stock Exchange indicating the intention to terminate its stock listing due to false disclosures in annual reports from 2021 to 2023 [1]. - The Anhui Securities Regulatory Bureau issued an administrative penalty notice on November 28, 2025, stating that the company inflated revenue by 638 million yuan and costs by 628 million yuan through various fraudulent activities [4]. - The company’s stock was suspended from trading on February 24, following the notice from the Shenzhen Stock Exchange [1]. Group 2: Financial Performance - *ST Lifan has reported continuous losses for three consecutive years from 2022 to 2024, with an expected net loss of between 180 million yuan and 210 million yuan for 2025 [5]. - The company experienced a significant drop in stock price, falling below 1 yuan per share in January 2026 [4]. Group 3: Market Reactions - The stock exhibited high turnover and volatility, with a notable price fluctuation of 40.41% on February 4 [5]. - Following the release of a public letter by the controlling shareholder, the stock price hit the daily limit increase on January 20, indicating a temporary recovery in market sentiment [4].