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].

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].

四、对郭文娟、任斐、马茂林、孙锋给予警告，并分别处以150万元罚款； 五、对孙剑非给予警告，并处以100万元罚款。 每经编辑｜何小桃 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，300344）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。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，我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，我 会将坚持应移尽移的工作原则，依法依规移送公安机关。 另外，据立方数科公告，安徽证监局拟 ...