经济观察网ST四环于2026年1月27日披露2025年度业绩预告，预计净利润亏损3000万元至4000万元，扣 非净利润亏损3300万元至4600万元，扣除后营业收入为3.3亿元至3.5亿元。公司同时发布退市风险提示 公告，因2024年度审计报告显示净利润为负且营业收入低于3亿元，股票自2025年4月30日起被实施退市 风险警示。若2025年度报告触及《深圳证券交易所股票上市规则》第9.3.12条情形，股票可能被终止上 市。 股票近期走势 近7个交易日(2026年2月6日至2月12日)，ST四环股价呈现波动下行趋势。截至2月12日收盘价2.55元， 较2月6日收盘价2.61元累计下跌约2.3%，区间振幅达12.28%。成交方面，2月11日成交额达3036.97万 元，换手率1.15%，显示交投活跃；资金流向以主力净流出为主，如2月12日主力净流出426.07万元，而 散户资金净流入。技术指标显示，股价处于空头行情，MACD柱状图为负，KDJ指标偏低，布林带压力 位在2.79元附近，支撑位在2.47元，短期表现弱于大盘和行业指数。 财报分析 2025年度业绩预告显示，公司亏损同比收窄(2024年亏损1.1亿元) ...

Core Viewpoint - The article discusses the administrative penalties and market bans imposed on Lifan Shuke Co., Ltd. for falsifying financial data in its periodic reports, highlighting significant violations of securities laws and potential delisting risks [1][2]. Group 1: Administrative Penalties - The China Securities Regulatory Commission (CSRC) has issued a notice regarding administrative penalties against Lifan Shuke for suspected false reporting of financial data from 2021 to 2023, resulting in a cumulative inflation of revenue by 638 million yuan and costs by 628 million yuan [1]. - The Anhui Securities Regulatory Bureau plans to impose a fine of 10 million yuan on Lifan Shuke and a total of 30 million yuan on 10 responsible individuals, including Wang Yi [1]. - Wang Yi, Yu Kebai, and Xiang Liangbao will face a 10-year ban from the securities market [1]. Group 2: Financial Impact and Stock Market Response - Lifan Shuke's annual reports for 2021 and 2022 contained false records, with the inflated revenue amounting to approximately 591.58 million yuan, representing 50.91% of the total reported revenue for those two years [2]. - The company is at risk of being forcibly delisted due to significant legal violations, with the Shenzhen Stock Exchange initiating delisting procedures [1][2]. - As of November 28, Lifan Shuke's stock fell by 5.62%, accumulating a 30% decline for the week, with a total market capitalization of 2.16 billion yuan [2]. Group 3: Company Overview - Lifan Shuke's primary business segments include intelligent hardware and software, as well as digital intelligent services [2]. - For the first three quarters of 2025, Lifan Shuke reported revenue of 203 million yuan, a year-on-year decrease of 0.44%, and a net loss attributable to shareholders of 62.21 million yuan, down 20.59% year-on-year [2].