Sou Hu Cai Jing·2026-02-26 11:48Group 1 - The core point of the news is that *ST Changyao has faced significant legal and regulatory challenges, including multiple lawsuits and allegations of financial misconduct, which may lead to the termination of its stock listing [2][3] Group 2 - On February 24, 2026, *ST Changyao and its subsidiary Hebei Yihang Technology Co., Ltd. were involved in 7 new lawsuits, with a total amount of 17.88 million yuan. Over the past 12 months, the total amount involved in lawsuits and arbitration has reached approximately 54.6952 million yuan, accounting for 12.64% of the latest audited net assets [1] - On January 23, 2026, *ST Changyao received an administrative penalty decision from the China Securities Regulatory Commission, which found that the company had falsely recorded financial data in its annual reports for 2021, 2022, and 2023. The total inflated revenue amounted to 733 million yuan, with inflated total profits of 163 million yuan [2] - Following the administrative penalty, *ST Changyao's stock is set to be suspended from trading starting January 26, 2026, due to potential termination of its listing by the Shenzhen Stock Exchange [2]