The Changzhou Municipal Human Resources and Social Security Bureau reported on August 25 that Xingyu Automotive Lighting Systems recruited a total of 440 graduates from the class of 2026, and terminated labor contracts with 107 of them. The negotiation process was crude and rigid, causing a negative impact. The company has apologized and suspended its human resources director. The investigation shows the company did not improperly benefit from government subsidies. Human resources authorities have stepped in to assist with employment matching. As of the reporting date, 22 people have found jobs and 14 have entered interviews. Xingyu Automotive Lighting Systems mainly produces automotive lamps. It plans to issue no more than 44.7997 million ordinary shares for overseas listing in Hong Kong. In the first half of 2026, revenue was 6.884 billion yuan, up 1.87 percent year on year, while net profit attributable to the parent company was 669 million yuan, down 5.26 percent year on year.
Changzhou Xingyu Automotive Lighting Systems Co LtdGovernment investigation found crude contract terminations, causing negative impact and apology.
