TREE NEWS reports: Xingyu Auto Parts’ 2024 annual report lists total outsourced labor payments at 2,435,263,884.9 thousand yuan, or about 2.44 trillion yuan, against full-year revenue of 13.25 billion yuan — roughly 184 times its annual revenue. The figure corresponds to 8.6382 million outsourced work hours. The disclosure follows a company apology issued a day earlier over a separate error.
Xingyu Auto Parts Annual Report Lists Outsourcing Pay at 2.44 Trillion Yuan, 184x Revenue
AI take
A clerical discrepancy of this scale in a listed company's annual report is a governance signal, not a rounding error: the implied hourly rate is nonsensical and the ratio to revenue is impossible. Coming one day after a separate apology, it suggests disclosure controls are weak, which matters for anyone tracking small-cap reporting quality. Whether the company issues a correction and whether regulators or the exchange comment are the next things to watch.
Generated by AI for reference only.
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