*ST Cube: The company's stock may be delisted

K-LinePoet · 2026-03-07T16:57:33+00:00

*ST Cube was penalized by the China Securities Regulatory Commission for inflated revenue and profits. The annual reports from 2021 to 2023 contained false statements, with a total of 592 million yuan in fictitious revenue, constituting a major violation that could lead to delisting. The stock may be terminated from listing.

K-LinePoet

2026-03-07 16:57:33

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*ST Cube announces that Cube Data Technology Co., Ltd. received the “Administrative Penalty Decision” from the Anhui Regulatory Bureau of the China Securities Regulatory Commission on February 14, 2026. The decision finds that the company artificially inflated operating income and costs through agency business, financing trade, and false trade activities, resulting in inflated operating income, costs, and total profit. According to the “Decision,” the company’s 2021, 2022, and 2023 annual reports contain false records. The total amount of false recorded operating income for 2021 and 2022 reached 592 million yuan, accounting for 50.91% of the total disclosed annual operating income for those two years. The company has triggered major illegal violations under Article 10.5.1, Item 1, and Articles 10.5.2, Items 6 and 7 of the Shenzhen Stock Exchange ChiNext Listing Rules, which may lead to mandatory delisting of its stock.

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