Core Viewpoint - *ST Lifan has completed its stock suspension review and will resume trading on February 11, following significant stock price fluctuations and regulatory scrutiny [1][3]. Group 1: Stock Performance and Regulatory Actions - From January 20 to February 5, *ST Lifan's stock price increased by 314.93%, triggering multiple instances of abnormal trading behavior [3]. - The Shenzhen Stock Exchange has implemented self-regulatory measures, including trading suspensions, due to the unusual trading activities [3]. - The company confirmed that there are no undisclosed significant matters related to the stock price fluctuations, and neither the controlling shareholder nor the actual controller engaged in stock trading during this period [3]. Group 2: Financial Performance - For the first nine months of 2025, *ST Lifan reported an operating income of 203 million yuan, a year-on-year decrease of 0.44% [4]. - The net profit attributable to shareholders for the same period was a loss of 62.21 million yuan, compared to a loss of 51.59 million yuan in the previous year [4]. - The company anticipates a net loss of between 180 million and 210 million yuan for the full year of 2025 [4]. Group 3: Company Background and Legal Issues - *ST Lifan specializes in digital infrastructure construction and provides comprehensive services, including software and hardware solutions for digital transformation [5]. - The company received a notice from the Anhui Securities Regulatory Bureau regarding administrative penalties due to suspected false financial reporting over three consecutive years, with the total amount of falsely reported revenue exceeding 500 million yuan [5]. - The company faces potential forced delisting due to serious financial misconduct as per the regulations of the Growth Enterprise Market [5].

Core Viewpoint - *ST Lifan has completed its stock suspension review and will resume trading on February 11, following significant stock price fluctuations and regulatory scrutiny [2][5]. Group 1: Stock Performance and Trading Suspension - From January 20 to February 5, *ST Lifan's stock price increased by 314.93%, triggering multiple instances of abnormal trading behavior [6]. - The company was suspended from trading on February 6 due to the substantial price increase that diverged from its fundamental performance [6]. Group 2: Financial Performance - For the period of January to September 2025, *ST Lifan reported a revenue of 203 million yuan, a year-on-year decrease of 0.44% [6]. - The net profit attributable to shareholders was a loss of 62.21 million yuan, compared to a loss of 51.59 million yuan in the same period last year [6]. - The company anticipates a net loss of 180 million to 210 million yuan for the full year of 2025 [6]. Group 3: Regulatory Issues - The company received a notice from the Anhui Securities Regulatory Bureau regarding potential administrative penalties due to suspected false financial reporting over three consecutive years from 2021 to 2023 [7]. - The reported revenue discrepancies for 2021 and 2022 exceeded 500 million yuan, constituting over 50% of the total reported revenue for those years, raising concerns of significant financial fraud [7]. - The company faces the risk of forced delisting due to these violations of the listing rules [7].

Core Viewpoint - *ST Lifan has announced the completion of its self-examination regarding stock price fluctuations and will resume trading on February 11, 2026, after a suspension period [1][3]. Group 1: Stock Price and Trading Risks - The company warns that its stock price has significantly deviated from its fundamental situation, indicating risks of market overreaction and irrational speculation [5][7]. - During the trading period from January 20, 2026, to February 5, 2026, the stock experienced a price increase of 314.93%, with 7 out of 10 trading days hitting the daily limit [5]. - The company may apply for another trading suspension if its stock price experiences further abnormal increases [7]. Group 2: Regulatory and Financial Concerns - *ST Lifan is at risk of being delisted due to significant legal violations, as indicated by a notice from the China Securities Regulatory Commission [9]. - The company reported that its 2021 and 2022 annual reports contained false records, with a total inflated revenue of approximately 592 million, accounting for 50.91% of the disclosed annual revenue for those years [9]. - For the year 2025, the company anticipates a net loss of between 180 million to 210 million [9].

Group 1 - The core announcement is that *ST Lifan's stock will resume trading on February 11, 2026, after completing an internal review regarding stock price fluctuations during its suspension [1][2] - The company warns that its stock price has significantly deviated from its fundamental situation, indicating risks of market overreaction and irrational speculation [4][6] - During the 10 trading days from January 20 to February 5, 2026, excluding 3 days of suspension, the stock experienced a price increase of 314.93%, with 7 days hitting the daily limit [4][6] Group 2 - The company has been under scrutiny for potential major violations that could lead to forced delisting, as indicated by a notice from the China Securities Regulatory Commission [7] - The notice revealed that the company had false records in its annual reports for 2021, 2022, and 2023, with a total of approximately 592 million yuan in inflated revenue, accounting for 50.91% of the reported revenue for those years [7] - The company is projected to report a net loss of between 180 million to 210 million yuan for the year 2025, continuing a trend of consecutive annual losses [7] Group 3 - As of February 5, 2026, *ST Lifan's stock price was 1.03 yuan per share, with a total market capitalization of 1.8 billion yuan [9]

Core Viewpoint - *ST Lifan's stock price has significantly deviated from its fundamental situation, leading to a trading suspension for up to five trading days starting February 6, 2025 [1] Group 1: Stock Performance and Trading Suspension - *ST Lifan's stock experienced a 314.93% increase over 10 trading days, with 7 days hitting the 20% daily limit up [1] - The company announced a trading suspension due to abnormal stock price fluctuations, with a maximum suspension period of five trading days [1] Group 2: Regulatory Issues - The company received an administrative penalty notice from the Anhui Securities Regulatory Bureau, indicating potential major illegal delisting circumstances [3] - The notice revealed that the company's annual reports for 2021, 2022, and 2023 contained false records, with a total false revenue amount of approximately 592 million yuan, accounting for 50.91% of the reported annual revenue for those years [3] Group 3: Business Overview - *ST Lifan is a digital technology cloud service provider focused on new digital infrastructure, offering comprehensive services from software and hardware products to overall solutions for industry and government clients [4] Group 4: Financial Forecast - The company forecasts a revenue of 200 million to 230 million yuan for 2025, with a net loss of 180 million to 210 million yuan [5] - The decline in revenue is attributed to strategic adjustments, with a more than 80% year-on-year decrease in smart hardware and digital services [5] - The company has recognized an impairment provision of 82 million yuan for goodwill and intangible assets due to signs of impairment [5]