Core Viewpoint - *ST Lifan has experienced a significant stock price surge despite facing severe financial misconduct allegations and the imminent risk of forced delisting, with a remarkable increase of 314.93% over a 10-day period [2][4]. Group 1: Stock Performance and Market Reaction - The stock was suspended for verification three times, with the latest suspension occurring from February 6 to February 10, 2025, and it resumed trading on February 11, 2025 [2]. - On February 11, 2025, *ST Lifan's stock opened significantly higher, reaching a peak increase of over 17%, and closed with a gain of 15.11% at 3.20 CNY per share [2]. - The Shenzhen Stock Exchange issued a risk warning regarding the stock's volatility, indicating that it had triggered abnormal trading standards multiple times [2]. Group 2: Financial Misconduct and Regulatory Actions - On November 28, 2025, *ST Lifan received a notice from the Anhui Securities Regulatory Bureau regarding administrative penalties, revealing that the company had inflated revenues by 638 million CNY and costs by 628 million CNY from 2021 to 2023 through various fraudulent activities [3]. - Following the notice, the stock price plummeted, falling below 1 CNY per share in January 2026 [3]. - The actual controller of *ST Lifan issued a public letter to shareholders, claiming that the company's operations were normal and that they had submitted materials to regulatory authorities for defense [3]. Group 3: Financial Performance and Future Outlook - For the year 2025, *ST Lifan is expected to report a net loss of between 180 million CNY and 210 million CNY, compared to a loss of approximately 125 million CNY in the previous year, indicating a widening loss [4]. - The decline in performance is attributed to strategic adjustments, with a more than 80% year-on-year drop in the company's smart hardware and digital services business, alongside low initial margins from new mobile information services [5]. - Additionally, the company has recognized impairment losses of 82 million CNY on goodwill and intangible assets, further exacerbating the financial losses [5].

2026.02. 11 本文字数：1911，阅读时长大约3分钟 根据龙虎榜数据，对*ST立方的炒作以散户为主。2月4日、5日，该股成交量为2.85亿股，成交金额 6.72亿元，在买方前5席和卖方前5席中，东方财富"拉萨军团"合计占了8席。 其中，包括拉萨东环路第一证券营业部和第二证券营业部、拉萨团结路第一证券营业部、拉萨金融城 南环路证券营业部等，自1月20日行情启动以来，*ST立方先后十余次登上龙虎榜，买卖方席位大多 被上述营业部占领。 作者 | 第一财经 安卓 3年财务造假，重大违法强制退市在即，却走出了10天7板的诡异行情，阶段涨幅达314.93%，一 波"炒差"之风又在*ST立方（300344.SH）上演。 2月10日晚，*ST立方公告称，鉴于停牌核查已完成，股票将于2月11日开市起复牌。这已是该公司 第三次停牌核查，最近一次停牌核查为2月6日至2月10日。 与此同时，深交所发布风险提示，称近期*ST立方股价大幅波动，多次触发股价异动标准。深交所依 规对存在异常交易行为的投资者采取了暂停交易等自律监管措施。请广大投资者注意交易风险，理性 投资、审慎交易。 11日早盘，*ST立方再度大幅高开，该股最高涨 ...