证券日报网讯2月25日，中石科技（300684）在互动平台回答投资者提问时表示，公司产品主要应用于 消费电子、数字基建、智能交通、清洁能源等高成长领域，消费电子是公司重要的收入来源，同时公司 持续发力数字基建等新兴业务，不断优化营收结构。 ...

东南亚信息港讯(www.dnyxxg.com) 胡志明市外国直接投资(FDI)结构迎来显著转型，大型数据中心、数 字基础设施及金融科技领域成为国际资本聚焦重点，为城市经济注入高质量增长动能。 近期，阿联酋 G42 集团与越南本土投资者联盟签署合作协议，计划投资 20 亿美元在该市建设运营国际 标准大型数据中心，为政企及国际合作伙伴提供数字技术支撑;美国某投资者同步推进另一项 20 亿美元 级数据中心项目，承诺 2026 年第二季度拨付 12 亿美元(占总投资 60%)。胡志明市人民委员会主席阮文 得表示，此类大额投资将助力城市实现两位数经济增长目标。 2 月 11 日正式亮相的胡志明市国际金融中心(VIFC-HCMC)成为转型重要载体。该中心聚焦技术基础设 施建设，致力于打造区域资本中转枢纽，已吸引新加坡 - 澳大利亚资产管理公司 VPAM 承诺 5 年内投 资 100 亿美元，重点投向数据基建、金融科技及智慧城市领域。此外，该市 10 亿美元规模数字资产投 资基金计划同步推进，VIFC-HCMC 还将拓展航空金融、海事金融等专业领域，服务亚太数千亿美元级 市场需求。 这一变化标志着胡志明市 FDI 从传统制 ...

2026年2月12日晚上，全球贵金属市场又上演了一出"过山车"。 现货黄金价格一度下跌了4.1%，白银更是暴跌了11%。 这种幅度的下跌，让很多盯着盘面的 投资者心里一紧。 第二天，A股市场上的有色矿业ETF招商（159690）也跟着下跌了2.14%，成分股里，赤峰黄金、紫金矿业、湖南黄金这些名字都出现在 跌幅榜上。 但这并不是2026年贵金属市场的第一次剧烈震荡。 如果把时间往回拉一点，会发现这场波动从年初就开始了，而且一次比一次猛烈。 2026年1月29日，伦敦 金价在一天之内跌了近10%，现货白银的跌幅更是达到了惊人的27.7%，创下了数十年来最大的单日跌幅纪录。 到了2月2日，市场情绪依然脆弱，现货白银 盘中最大跌幅又超过了15%，黄金也一度失守4500美元/盎司的关口。 市场普遍认为，这一连串的下跌背后，有几个关键因素在同时起作用。 一个直接的原因是市场对美联储政策预期的突然转变。 当时有消息称，特朗普提名 了以"鹰派"立场著称的凯文·沃什（Kevin Warsh）为下一任美联储主席候选人。 这个消息动摇了市场之前坚信的一个核心逻辑，那就是"美联储将不得不为 巨大的财政赤字买单，从而导致美元信用贬值 ...

Core Viewpoint - The company *ST Lifan faces delisting after being penalized for three consecutive years of financial fraud, with the Anhui Securities Regulatory Bureau imposing a fine of 10 million yuan and ordering corrective actions [1][18]. Financial Fraud Details - The company inflated its revenue and costs through three main methods: agency business, financing trade, and fictitious trade [3][14]. - From 2021 to 2023, *ST Lifan engaged in agency business with 12 companies, using total amount accounting despite lacking control over the goods, which violated accounting standards [15]. - The financing trade involved signing purchase contracts with clients while providing upfront payments to suppliers, which should not have been recognized as revenue or costs [15][16]. - In 2022, the company conducted fictitious trades with a media company, which lacked commercial substance and should not have been recognized in financial statements [16]. Financial Impact - The inflated figures for the years 2021 to 2023 included: - 2021: Revenue inflated by 280 million yuan (50.09% of total revenue), costs inflated by 277 million yuan (60.61% of total costs) [17]. - 2022: Revenue inflated by 312 million yuan (51.67% of total revenue), costs inflated by 305 million yuan (53.54% of total costs), and profit inflated by 510,000 yuan (0.33% of total profit) [17]. - 2023: Revenue inflated by 45.87 million yuan (24.00% of total revenue), costs inflated by 45.23 million yuan (27.55% of total costs) [17]. Regulatory Actions - The Anhui Securities Regulatory Bureau has mandated the company to correct its financial statements and has issued a warning, alongside the fine [18]. - The Shenzhen Stock Exchange has indicated plans to terminate the company's stock listing due to the significant amount of inflated revenue exceeding 500 million yuan over two years, which is more than 50% of the reported revenue for those years [19][6]. Company Background and Market Behavior - *ST Lifan, originally founded in 1999, underwent a transformation in 2020 to become a digital technology service provider, but this shift has been criticized as mere "label trading" and "concept hype" [20]. - The company's stock price surged from around 3 yuan to 15.26 yuan between September 2024 and March 2025, marking an increase of approximately 400% due to speculative interest in AI and digital infrastructure [22]. - Despite the hype, the company's actual business practices, including hardware sales, have been questioned, revealing low profit margins and inadequate R&D investment [22]. Compliance and Audit Issues - The company has faced multiple regulatory warnings regarding its accounting practices, with the Anhui Securities Regulatory Bureau issuing a notice in January 2025 for non-compliance and requiring a thorough self-examination [23]. - The company's 2024 annual report indicated significant accounting errors and internal control failures, leading to distorted revenue and cost figures [24]. - The auditing firm responsible for the company's financial statements has also been investigated for failing to perform due diligence [24].

记者丨杨坪 编辑丨李新江 连续三年财务造假暴露后，*ST 立方的退市结局终于落锤！ 2月14日晚间，安徽证监局公布的行政处罚决定书显示，立方数科股份有限公司（以下简称"*ST 立方"）通过开展代理业务、融资性贸易、虚 假贸易大幅虚增营业收入，2021年至2023年连续三年年度报告存在虚假记载。 安徽证监局决定对公司责令改正，给予警告，并处以1000万元 罚款。 同日，公司收到深交所下发的事先告知书， 深交所拟决定终止公司股票上市交易。公司股票将于2月24日起停牌。 连续三年财务造假遭罚 根据安徽证监局出具的《行政处罚决定书》显示，*ST立方通过三种方式实施财务造假。 第一，通过开展代理业务虚增营业收入、营业成本。 2021年至2023年，*ST立方及其子公司与北京某创世纪科技有限公司等12家公司开展代理 业务并采用总额法核算。在前述业务中，*ST立方及其子公司向下游转让合同标的前不拥有对相关商品的控制权。其不参与货物运输，不承担 向下游客户转让合同标的的主要责任，不承担合同标的存货风险，无权自主决定所交易商品的价格。*ST立方采用总额法对该部分业务进行核 算，不符合相关会计准则。 第二，*ST立方通过开展融资 ...

Core Viewpoint - *ST Lifan faces delisting after three consecutive years of financial fraud, with the Anhui Securities Regulatory Commission imposing a fine of 10 million yuan and initiating delisting procedures due to false financial disclosures from 2021 to 2023 [1][5][6]. Group 1: Financial Fraud Details - *ST Lifan inflated revenue and costs through three main methods: agency business, financing trade, and fictitious trade [2][3]. - The company engaged in agency business with 12 companies, using total amount accounting despite lacking control over the goods, which violates accounting standards [2]. - Financing trade involved signing contracts with clients while providing upfront payments, which should not be recognized as revenue or costs [2]. - Fictitious trade in 2022 involved a business with a media company that lacked commercial substance, leading to further inflated financial figures [3]. Group 2: Financial Impact - From 2021 to 2023, *ST Lifan's financial reports showed significant inflation: - In 2021, revenue was inflated by 280 million yuan (50.09% of total revenue) and costs by 277 million yuan (60.61% of total costs) [4]. - In 2022, revenue was inflated by 312 million yuan (51.67%) and costs by 305 million yuan (53.54%), with a profit inflation of 510,000 yuan (0.33%) [4]. - In 2023, revenue was inflated by 45.87 million yuan (24.00%) and costs by 45.23 million yuan (27.55%) [4]. Group 3: Regulatory Actions and Consequences - The Anhui Securities Regulatory Commission ordered *ST Lifan to correct its practices, issued a warning, and imposed a fine of 10 million yuan [5]. - The company is set to be delisted due to the cumulative inflated revenue exceeding 500 million yuan over two years, which is more than 50% of the reported revenue for those years [6]. - *ST Lifan has received multiple warnings regarding delisting risks and has been under scrutiny for its accounting practices since at least January 2024 [9].

Core Viewpoint - The company *ST Lifan (300344) is facing termination of its stock listing due to significant false disclosures in its annual reports from 2021 to 2023, with cumulative inflated revenue exceeding 500 million yuan, which is over 50% of the reported annual revenue for those years [2][4]. Group 1: Financial Misconduct - The Shenzhen Stock Exchange issued a notice indicating that the company had false disclosures in its annual reports for 2021 to 2023, with inflated revenue of over 500 million yuan, which is more than 50% of the total reported revenue for those years [2][4]. - In 2021, the company inflated its revenue by 280 million yuan, accounting for 50.09% of that year's revenue, and inflated costs by 277 million yuan, which was 60.61% of the total costs [4]. - In 2022, the inflated revenue was 312 million yuan, representing 51.67% of that year's revenue, and inflated costs were 305 million yuan, or 53.54% of total costs [4]. - For 2023, the inflated revenue was approximately 45.87 million yuan, which is 24.00% of that year's revenue, and inflated costs were about 45.23 million yuan, accounting for 27.55% of total costs [4]. Group 2: Regulatory Actions - The Anhui Regulatory Bureau has ordered the company to rectify its practices, issued a warning, and imposed a fine of 10 million yuan [5]. - The company's stock will be suspended from trading starting February 24 due to these regulatory actions [4][5]. Group 3: Stock Performance and Shareholder Information - The company experienced two consecutive trading halts prior to the announcement, following a period of unusual trading activity where it achieved seven limit-up days in ten trading days, resulting in a cumulative increase of 314.9% [5]. - As of the end of Q3 2025, the company had 30,735 shareholders [5]. Group 4: Company Background and Business Transition - The company, previously known as Taikong Zhizao Co., Ltd., was established in 1999 and is a member of Lingnan Holdings Group, primarily engaged in the non-metallic mineral products industry [5]. - In 2020, the company rebranded to Lifan Digital Science and Technology, shifting its focus to intelligent software and digital services [6]. - The company is associated with Shenzhen Chaolifang Data Technology Co., Ltd., which was established in December 2023 and aims to provide global data center and cloud computing infrastructure solutions [6].

又一只股票宣告"退市"！ 刚刚，*ST立方公告称，公司于2026年2月14日收到深圳证券交易所下发的《事先告知书》（创业板函 〔2026〕第70号），拟决定终止公司股票上市交易。公司股票将于2026年2月24日起停牌。 立方数科（*ST立方）曾被股民定义为"AI服务器黑马"，从2024年9月到2025年3月，其股价从3元左右狂飙到 15.26元，其间涨幅约400%，吸引无数散户追涨。但去年4月28日晚，立方数科发布公告称，因定期报告涉嫌 信披违规，被证监会立案。随即，该股跌落神坛。 官宣：终止上市 今晚（2月14日），*ST立方公告称，公司于 2026 年 2月 14 日收到深圳证券交易所下发的《事先告知书》（创 业板函〔2026〕第 70号），拟决定终止公司股票上市交易。 据《事先告知书》，公司于2026年2月14日收到中国证券监督管理委员会安徽监管局下发的《行政处罚决定 书》（[2026]1号）。根据《决定书》内容，认定公司通过开展代理业务虚增营业收入、营业成本，通过开展 融资性贸易虚增营业收入、营业成本，通过开展虚假贸易虚增营业收入、营业成本、利润总额。 根据《行政处罚决定书》载明的事实，*ST立方 2 ...

中集集团加码商业航天、数据中心，双赛道布局落地见效，目前正加速开拓国内外市场，以模块化技术 承接更多AI数据中心订单，打造数字基建领域的 "中集标准"。另外，中集集团储能业务迎来资本合作 利好，累计出货量已超60GWh，发展势头迅猛。据了解，储能业务是中集重点发展的新兴战略领域之 一，近年来业务持续进阶壮大，已成为中集高质量发展的重要动能之一。 中集集团AH股大幅拉升上涨，H股涨超11%刷新阶段新高，A股强势封涨停。 消息上，中集集团日前发布投资者关系活动记录表，主要讨论内容涉及公司的数据中心业务、海工板块 接单展望、集装箱制造表现及商业航天布局等。在数据中心业务方面，截至目前，中集在中东、东南亚 等多个国家和地区已累计交付规模超过1000兆瓦、模块超过17000个。同时，公司正为超过300MW的 AI、Cloud 计算的客户提供预制化数据中心的技术与制造交付服务。 ...

增长并非简单的规模扩张，而是质效并重的结构性跃升：工业战略性新兴产业占规上工业总产值比重已 达45%，较2024年提升1.4个百分点，标志着上海工业经济已从"规模主导"转向"创新主导"。 产业质变的深层逻辑，是上海对"硬科技"赛道的长期坚守与制度创新。三大先导产业的爆发式增长，源 于"十五五"规划建议中对集成电路全产业链突破、人工智能全栈创新的系统布局，更得益于"产学研 用"协同机制的持续优化。 新质生产力的生命力，在于与城市发展全局的深度融合，既筑牢产业根基，又激活民生温度。 上周，2025年上海经济运行数据重磅发布：全市地区生产总值突破5.67万亿元，同比增长5.4%，第三产 业增加值增长6.0%，工业战略性新兴产业产值增长6.5%，三大先导产业制造业产值更是以9.6%的增速 领跑。 这组亮眼数据的背后，是新质生产力作为核心引擎的强劲驱动——从集成电路、人工智能的技术突破到 长三角协同创新的范式升级，从数字基建的广泛铺展到民生场景的深度赋能，上海正以新质生产力重塑 城市发展肌理，书写中国式现代化龙头城市的高质量答卷。 科技创新是发展新质生产力的核心要素，是产业质变的源动力，这在上海2025年的经济数据中得 ...