Abstract:
After the age difference between Chairman and General Manager Zhou Xiaoping and her son, which was only 7 years old, sparked heated public opinion, Xingyu Shares once again made a major annual report data error. In the 2024 annual report of Xingyu Shares, the company’s total labor outsourcing remuneration was marked as 2435,263,884,900 yuan, equivalent to approximately 2.44 trillion yuan. However, Xingyu Co., Ltd.'s annual operating income in 2024 is only 13.25 billion yuan, and the outsourcing cost exceeds the company's annual revenue by approximately 184 times, which is obviously contrary to business common sense.
In contrast, the total number of outsourcing hours was 8.6382 million hours.
Recently, after the "dissuade fresh graduates" scandal, Xingyu Co., Ltd. also caused widespread controversy due to serious financial disclosures that "the chairman and his son are only 7 years apart", triggering market discussions on corporate governance and employment systems.
It is reported that there is an obvious data error in the 2025 annual report of Xingyu Shares. In the table "Changes in shareholdings and remuneration of current and departing directors and senior managers during the reporting period", Chairman and General Manager Zhou Xiaoping is 65 years old, and Vice Chairman and Deputy General Manager Zhou Yuheng is 58 years old. According to the figures in the annual report, the two are only 7 years apart.
The financial report data was erroneous, exposing corporate governance failures. Capital market investors said that annual reports of listed companies are important public documents, and errors in basic data and unit labeling can easily lead to market misunderstandings and also test the company's internal control and information review capabilities. As of now, Xingyu Shares has not issued an annual report correction announcement for the clerical error in this data.
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