Xingyu faces SSE regulatory letter after correcting executive’s age in annual report

  • Xingyu corrected Zhou Yuheng’s age in its 2025 annual report and apologized to investors.
  • The company listed Zhou as 58 instead of 40, based on his December 1985 birth date.
  • The SSE issued a regulatory letter covering Xingyu and key governance parties on September 9.

Changzhou Xingyu Automotive Lighting Systems (601799.SS) corrected its 2025 annual report after listing Vice Chairman and Deputy General Manager Zhou Yuheng as 58 instead of 40, based on his December 1985 birth date. The company said the mistake was confined to executive personal information and did not affect financial data, accounting items or operating metrics. The correction came the same day the Shanghai Stock Exchange issued a regulatory letter covering Xingyu, its directors, senior executives, controlling shareholder and actual controller, without disclosing the letter’s specific contents. The episode follows public scrutiny over Xingyu’s rescission of job offers to 107 graduates. The company reported first-half 2026 revenue of 6.884 billion yuan, up 1.87% year on year, while attributable net profit fell 5.26% to 669 million yuan. Its shares closed at 75.2 yuan on September 9, down nearly 40% from the start of the year.

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