据证监会官网，经查，2021—2023年，ST立方通过开展代理业务、融资性贸易、虚假贸易等方式，累计虚增收入6.38亿元、成本6.28亿元。其中，2021年收 入、成本分别虚增2.8亿元、2.77亿元，2022年收入、成本分别虚增3.12亿元、3.05亿元，2023年收入、成本分别虚增0.46亿元、0.45亿元。ST立方连续三年 虚增收入和成本，严重违反证券法律法规，安徽证监局拟对ST立方处以1000万元罚款，对汪逸等10名责任人合计罚款3000万元。ST立方涉嫌触及重大违法 强制退市情形，深交所将依法启动退市程序。 同日晚间，ST立方披露公告称，公司股票于12月1日起停牌，并于12月2日起复牌。自复牌之日起，公司股票被实施退市风险警示。公司股票简称由"ST立 方"变更为"*ST立方"。如根据正式的处罚决定书结论，公司触及重大违法强制退市情形，公司股票将被终止上市。 投融资专家许小恒对北京商报记者表示，中介机构是资本市场治理的重要力量，发挥着专业把关的积极作用，其执业质量直接关系市场健康运行。 | 序号 | | | | 南计单位 | | | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - ST Lifan is facing severe financial fraud allegations, which may lead to its delisting from the stock market due to continuous financial misconduct from 2021 to 2023 [2][5][10]. Financial Misconduct - From 2021 to 2023, ST Lifan inflated its revenue by a total of 638 million yuan and costs by 628 million yuan through various fraudulent activities [10]. - The breakdown of inflated figures includes: - 2021: Revenue inflated by 280 million yuan, costs inflated by 277 million yuan - 2022: Revenue inflated by 312 million yuan, costs inflated by 305 million yuan - 2023: Revenue inflated by 46 million yuan, costs inflated by 45 million yuan [10]. Regulatory Actions - The Anhui Securities Regulatory Bureau plans to impose a total fine of 40 million yuan on ST Lifan and related responsible individuals due to the financial fraud [5]. - ST Lifan has been warned and fined 10 million yuan, while 10 responsible individuals, including the chairman and general manager, face a combined fine of 30 million yuan and a 10-year market ban [10]. - The case involving the accounting firm associated with ST Lifan is under formal investigation for failing to fulfill its duties [10]. Delisting Risk - ST Lifan is at risk of being forcibly delisted due to serious violations of securities laws, with the Shenzhen Stock Exchange initiating delisting procedures [5][12]. - The company's stock will be suspended from trading starting December 1 and will be subject to delisting risk warnings upon resumption [12]. Financial Performance - ST Lifan has reported continuous losses over the years, with a recent financial summary indicating a total revenue of 2.03 billion yuan and a net loss of 620 million yuan for the latest reporting period [14]. - The company has seen a decline in its stock price, closing at 3.36 yuan per share, with a total market capitalization of 2.2 billion yuan as of November 28 [15]. Shareholder Information - As of October 20, ST Lifan had over 30,000 shareholders, with a slight decrease in the number of shareholders noted in recent periods [16][17].

证监会11月28日消息， 近日，证监会对上市公司立方数科股份有限公司（简称立方数科）涉嫌定期报 告财务数据存在虚假记载作出行政处罚及市场禁入事先告知。 经查，2021年至2023年，立方数科通过开展代理业务、融资性贸易、虚假贸易等方式，累计虚增收入 6.38亿元、成本6.28亿元。立方数科连续三年虚增收入和成本，严重违反证券法律法规，安徽证监局拟 对立方数科处以1000万元罚款，对汪逸等10名责任人合计罚款3000万元。立方数科涉嫌触及重大违法强 制退市情形，深交所将依法启动退市程序。 同时，证监会决定对本案所涉会计师事务所执业行为正式立案调查，涉嫌未能勤勉尽责的将依法严惩。 对于相关违法行为可能涉及的证券犯罪问题线索，证监会将坚持应移尽移的工作原则，依法依规移送公 安机关。 此案是首例上市公司领罚单，中介机构被同步立案的典型，体现了监管部门打击财务造假"追首 恶"与"打帮凶"并重的导向，标志着全方位、立体式的综合惩防体系进一步走向深入。 立方数科或是今年第14家因财务造假而涉嫌触及重大违法强制退市的公司，年内触及重大违法强制退市 的公司数量创历年新高。这一变化源于退市新规对财务造假退市标准的调整，也源于严监 ...

经查，2021年至2023年，立方数科通过开展代理业务、融资性贸易、虚假贸易等方式，累计虚增收入6.38亿元、成本6.28亿元。其中，2021年收入、 成本分别虚增2.80亿元、2.77亿元，2022年收入、成本分别虚增3.12亿元、3.05亿元，2023年收入、成本分别虚增0.46亿元、0.45亿元。 立方数科连续三年虚增收入和成本，严重违反证券法律法规，安徽证监局拟对立方数科处以1000万元罚款，对汪逸等10名责任人合计罚款3000万 元。 立方数科涉嫌触及重大违法强制退市情形，深交所将依法启动退市程序。 同时，证监会决定对本案所涉会计师事务所执业行为正式立案调查，涉嫌未能勤勉尽责的将依法严惩。对于相关违法行为可能涉及的证券犯罪问题 线索，证监会将坚持应移尽移的工作原则，依法依规移送公安机关。 据证监会网站，近日，证监会对上市公司立方数科股份有限公司（简称立方数科）涉嫌定期报告财务数据存在虚假记载作出行政处罚及市场禁入事 先告知。 ...

Core Viewpoint - The article highlights the severe consequences faced by ST Lifan due to long-term systematic financial fraud, leading to administrative penalties and the initiation of delisting procedures by the Shenzhen Stock Exchange [1][2]. Financial Misconduct - ST Lifan has inflated its revenue by 638 million yuan and costs by 628 million yuan from 2021 to 2023 through various fraudulent activities [2]. - The inflated figures for each year are as follows: 2021 saw revenue and costs inflated by 280 million yuan and 277 million yuan respectively; 2022 saw 312 million yuan and 305 million yuan; and 2023 saw 46 million yuan and 45 million yuan [2]. - The company’s financial reports for 2021 and 2022 contained false records amounting to 591.58 million yuan, which constituted 50.91% of the total reported revenue for those years [2]. Regulatory Actions - The China Securities Regulatory Commission (CSRC) has proposed a fine of 10 million yuan against ST Lifan and a total of 30 million yuan against 10 responsible individuals, including a 10-year market ban for three senior executives [1][3]. - The Shenzhen Stock Exchange will initiate delisting procedures due to the company’s significant violations [1][2]. Corporate Governance Issues - The fraudulent activities were facilitated by key executives, including the chairman and general manager, who neglected their duties and allowed the misconduct to occur [3]. - The company’s internal controls and oversight mechanisms were ineffective, as evidenced by the systemic fraud despite multiple individuals signing declarations of accuracy and completeness [4]. Legal and Market Implications - The company faces additional legal challenges, including a contract dispute linked to a criminal investigation, which may impact its future profitability [4]. - A significant shareholder's stock will undergo a second judicial auction, although it is noted that this will not change the company's control [4]. Investor Protection and Market Confidence - Recent cases in China indicate a shift towards systematic investor protection mechanisms, with collective redress becoming more prevalent [5]. - However, the article emphasizes that post-fraud compensation cannot fully restore market confidence or mitigate the liquidity loss from delisting [6]. - There is a call for stronger governance measures to ensure compliance and accountability among executives, as well as enhanced audit responsibilities for accounting firms [6].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed administrative penalties and market bans on Lifan Shuke Co., Ltd. for falsifying financial data in its periodic reports from 2021 to 2023, leading to significant financial discrepancies and potential delisting from the Shenzhen Stock Exchange [1][2]. Summary by Sections Financial Misconduct - Lifan Shuke inflated its revenue by a total of 638 million yuan and costs by 628 million yuan from 2021 to 2023 through various fraudulent activities, including agency business and fictitious trades [1]. - The breakdown of inflated figures includes 280 million yuan in revenue and 277 million yuan in costs for 2021, 312 million yuan in revenue and 305 million yuan in costs for 2022, and 46 million yuan in revenue and 45 million yuan in costs for 2023 [1]. Regulatory Actions - The CSRC plans to impose a fine of 10 million yuan on Lifan Shuke and a total of 30 million yuan in fines on 10 responsible individuals, including the company's former chairman and executives [1]. - The company is facing potential delisting due to serious violations of securities laws, with the Shenzhen Stock Exchange initiating delisting procedures [1]. Individual Accountability - Key executives, including former chairman Wang Yi and general manager Yu Kebai, are facing a 10-year ban from the securities market due to their roles in the misconduct [2]. - The CSRC has also announced that it will investigate the accounting firm involved for failing to perform due diligence [1][2]. Company Profile - Lifan Shuke is a digital technology cloud service provider focused on new digital infrastructure, with a total market capitalization of 2.1 billion yuan [2].

Core Viewpoint - The company ST Lifan has been found to have significant financial misstatements in its annual reports for 2021, 2022, and 2023, leading to potential major violations and forced delisting from the stock market [1][2]. Group 1: Financial Misstatements - The company reported a total of 6.38 billion yuan in inflated revenue and 6.28 billion yuan in inflated costs from 2021 to 2023, with 2.80 billion yuan in revenue and 2.77 billion yuan in costs inflated in 2021, 3.12 billion yuan in revenue and 3.05 billion yuan in costs inflated in 2022, and 460 million yuan in revenue and 450 million yuan in costs inflated in 2023 [2]. - The inflated revenue for 2021 and 2022 combined amounts to 5.92 billion yuan, which represents 50.91% of the total reported revenue for those years [1]. Group 2: Regulatory Actions - The Anhui Securities Regulatory Bureau has issued a notice of administrative penalties and market ban against the company, proposing a fine of 10 million yuan for the company and a total of 30 million yuan for 10 responsible individuals [2]. - The company is facing potential forced delisting due to serious violations of securities laws, and the Shenzhen Stock Exchange will initiate delisting procedures [2]. Group 3: Market Impact - As of November 28, the company's stock price fell by 5.62%, closing at 3.36 yuan per share [3].

Group 1 - The core issue revolves around the administrative penalties and market bans imposed on Lifan Shuke Co., Ltd. for falsifying financial data in its periodic reports, leading to a proposed fine of 10 million yuan for the company and 30 million yuan for 10 responsible individuals [1][2] - Lifan Shuke has inflated its revenue and costs for three consecutive years, with a total of 638 million yuan in inflated revenue and 628 million yuan in inflated costs from 2021 to 2023, prompting the Shenzhen Stock Exchange to initiate delisting procedures [2][5] - The case highlights a significant shift in regulatory enforcement, moving from reactive measures to proactive governance, with a comprehensive approach that includes administrative penalties, market bans, criminal referrals, and accountability for intermediaries [1][6] Group 2 - The involvement of Zhongxing Caiguanghua Accounting Firm in the case indicates a broader crackdown on financial fraud, as the firm has faced multiple penalties for failing to fulfill its responsibilities in previous audits [3][4] - The number of companies facing mandatory delisting due to financial fraud has reached a record high this year, reflecting stricter regulations and a zero-tolerance stance from regulatory authorities [5] - There is a growing emphasis on a multi-layered accountability system in the capital market, which includes administrative, civil, and criminal penalties for both the perpetrators of fraud and the intermediaries that facilitate such actions [6][7]

年内逾40家会计师事务所被罚 因立方数科2021年至2023年连续财务造假，安徽证监局拟对公司及相关责任人罚款合计4000万元。立方数科涉嫌触及重大 违法强制退市情形，深交所将依法启动退市程序。同时，证监会决定对本案所涉会计师事务所执业行为正式立案调查。 近年来，监管部门强化对财务造假全链条打击，不仅坚持"追首恶""打帮凶"，还推动"一案双查"，对上市公司和中介机构 一并追责，彻底铲除造假滋生的"土壤"。 本报记者 吴晓璐 沪深两市14家公司触及重大违法强制退市 据证监会网站11月28日消息，近日，证监会对上市公司立方数科股份有限公司（以下简称"立方数科"）涉嫌定期报告等财 务数据存在虚假记载作出行政处罚事先告知。 经证监会调查，2021年至2023年，立方数科通过开展代理业务、融资性贸易、虚假贸易等方式，累计虚增收入6.38亿元、 成本6.28亿元。 其中，2021年收入、成本分别虚增2.80亿元、2.77亿元，2022年收入、成本分别虚增3.12亿元、3.05亿元，2023年收入、成 本分别虚增0.46亿元、0.45亿元。立方数科连续三年虚增收入和成本，严重违反证券法律法规，安徽证监局拟对立方数科处以 1 ...

Group 1 - The public relations battle between Hua Yu Hua and Luo Yonghao has intensified, with Hua Yu Hua's founder making bold statements and refusing to apologize [3] - Zong Fuli has officially stepped down as the chairman and general manager of Wahaha, with Xu Simin taking over the roles while Zong retains a 29.40% stake in the company [2] - Evergrande's liquidators have achieved a significant victory by freezing $220 million in assets belonging to Xu Jiayin's ex-wife, which aids in recovering debts owed to creditors [4] Group 2 - The conflict between former Hubei billionaire Lan Shili and Golden Dragon Fish has escalated, stemming from a video that led to a defamation lawsuit, resulting in a court ruling against Lan [5] - The sudden announcement of a company-wide shutdown at Mohe Technology, a subsidiary of Great Wall Motors, has raised concerns about potential dissolution, with employees left uncertain about their future [6][7] - Vanke's bonds have experienced a significant drop, with some bonds falling over 20%, leading to speculation about the reasons behind this decline, including potential information leaks regarding bond extensions [9] Group 3 - Mandi International has submitted its IPO application, revealing a dominant market position in the hair loss treatment sector with a 57% market share, but faces concerns over high marketing costs and product controversies [10] - Qingyue Technology is under investigation for suspected financial fraud, facing the risk of forced delisting, which has led to a significant drop in its stock price [11] - Major state-owned banks have collectively stopped offering five-year large-denomination time deposits, indicating a trend of withdrawal from long-term deposit products in the banking sector [12]