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Zhiguang Electric

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2024

    Zhiguang Electric Discloses Profit-to-Loss Forecast Nearly Three Months Late, Draws Warning and Criticism

    Zhiguang Electric failed to disclose its 2023 annual performance forecast before January 31, 2024, and only disclosed on April 22 that it had turned from profit to loss, raising questions that it "reported good news but not bad." The Guangdong Securities Regulatory Bureau issued warning letters to the company, Chairman Li Yongxi, General Manager Wu Wenzhong and Chief Financial Officer Xiong Tan, and the Shenzhen Stock Exchange subsequently imposed a circulated criticism. Warning letter, circulated criticism.

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