退市！300344，财务造假！

Core Viewpoint - *ST Lifan will be delisted due to financial fraud, with significant discrepancies in revenue reporting leading to the decision by the Shenzhen Stock Exchange [1][3]. Group 1: Delisting Announcement - On March 23, the Shenzhen Stock Exchange announced the termination of *ST Lifan's stock listing due to violations in financial disclosures [1]. - The company was found to have falsely reported over 500 million yuan in revenue for the years 2021 and 2022, which constituted more than 50% of the reported annual revenue for those years [1][3]. - The delisting will take effect on March 31, 2026, with a 15-day trading period for the stock under the name "Lifan Tui" [3]. Group 2: Financial Misconduct Details - The company inflated its revenue by 638 million yuan and costs by 628 million yuan from 2021 to 2023, indicating serious financial misconduct [3]. - In 2021, the inflated revenue was 280 million yuan, accounting for 50.09% of that year's revenue, while the inflated costs were 277 million yuan, making up 60.61% of the costs [3]. - In 2022, the inflated revenue reached 312 million yuan (51.67% of revenue), and inflated costs were 305 million yuan (53.54% of costs) [3]. - For 2023, the inflated revenue was approximately 45.87 million yuan (24.00% of revenue), with inflated costs of about 45.23 million yuan (27.55% of costs) [3].