(Yicai Global) June 24 -- Shares in Bosideng International have slumped nearly 25 percent this morning after short seller Bonitas Research said the Chinese down jacket maker fabricated the CNY807 million (USD118 million) net profit it has recorded since 2015.

The true figure is close to a third of that, according to Bonitas.

Bosideng's stock price [HKG:3998] was down 24.8 percent at HKD1.73 (22 US cents) as of 11.22 a.m., when it suspended trading. The slide was the biggest daily decline at the firm since it listed in 2007.

Editor: James Boynton