Core Viewpoint - The article discusses the regulatory actions and financial misconduct associated with *ST Lifan, highlighting the risks of forced delisting due to significant financial misreporting and misleading public statements by the company's actual controller [1][3]. Regulatory Actions - The Anhui Securities Regulatory Bureau has issued a notice regarding *ST Lifan, indicating that misleading information was disseminated through media by the actual controller, Gu Yutang, which led to a temporary surge in the company's stock price [1][3]. - Following the misleading statements, *ST Lifan clarified that the board was unaware of the reports and did not authorize them, leading to disciplinary actions against Gu Yutang by the Shenzhen Stock Exchange [5][6]. Financial Misconduct - *ST Lifan has been flagged for three consecutive years of financial misreporting, with the potential for forced delisting due to violations of the Shenzhen Stock Exchange's listing rules [6][9]. - The company reported inflated revenues and costs for the years 2021 to 2023, with significant discrepancies: - In 2021, inflated revenue was 280 million, accounting for 50.09% of total revenue, and inflated costs were 277 million, making up 60.61% of total costs [8]. - In 2022, inflated revenue was 312 million, representing 51.67% of total revenue, and inflated costs were 305 million, or 53.54% of total costs [8]. - In 2023, inflated revenue was approximately 45.87 million, which was 24.00% of total revenue, and inflated costs were about 45.23 million, accounting for 27.55% of total costs [8]. Potential Penalties - The Anhui Securities Regulatory Bureau plans to impose a fine of 10 million on *ST Lifan and issue warnings to the responsible individuals, totaling 30 million in fines, along with a 10-year market ban for three key personnel [8][9].
实控人绕开董事会私自喊话致股价异动,监管出手:罚!