Xingyu Shares Punishes Management Over Improper Handling of 107 Graduates

Xingyu Shares said on September 6 that it had disciplined senior managers over the improper handling of some 2026 graduates hired in its 2025 autumn campus recruitment, according to Jiemian News. General Manager Zhou Xiaoping was given a 12-month salary deduction, Deputy General Manager Li Shujun was removed from human resources duties and docked six months' pay, Human Resources Director Yu Zhiming was dismissed, and Human Resources Department Head Li Mei was demoted and reassigned. The company said its 2025 campus recruitment hired 440 graduates, but 107 later had their labor contracts terminated after being told to either resign voluntarily for half a month's salary compensation or accept reassignment to production-line jobs with pay reset under the general-worker system. The issue drew public attention after local authorities in Changzhou investigated and said the company had handled the matter too simply and bluntly, causing a negative social impact. Xingyu Shares later issued a public apology and said it would provide a total of 15,000 yuan in job-seeking and living subsidies to affected graduates, offer free accommodation, help connect them with outside jobs, and pay six months' salary if they were still unemployed by the end of November. The company also said on September 2 that it would review its internal employment management rules and comply with regulations. Xingyu Shares reported first-half 2026 revenue of 6.884 billion yuan, up 1.87% year on year, and net profit attributable to shareholders of 669 million yuan, down 5.26%. It is also seeking a dual listing in Hong Kong and the mainland. On September 7, the stock opened at 76.58 yuan and rose more than 4% in early trading.