The Shenzhen Stock Exchange issued an announcement on August 18, publicly reprimanding Fuxing Shares along with Chairman Tan Shaoqun, General Manager Feng Dongxing, former Chief Financial Officer Feng Junxiu, and Board Secretary Xiao Yongchao. Upon review, the company's 2025 annual report contained errors in 34 data points or statements, including the weighted average return on equity, key financial indicators by quarter, non-recurring profit and loss items and amounts, amounts of newly added land reserves, sales figures for major projects, year-on-year changes in gross margin and operating costs for the central China region, and the ending balance of allowance for bad debts on other receivables. In addition, the summary of the company's 2025 annual report contained errors in two data points, namely the weighted average return on equity and key financial indicators by quarter. In the first quarter of 2026, Fuxing Shares achieved revenue of 401 million yuan and a net loss attributable to the parent company of 133 million yuan.
Hubei Fuxing Science and Technology Co LtdPublic reprimand from Shenzhen Stock Exchange for 34 errors in annual report, plus Q1 2026 net loss.
