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China XD Group

Controversies

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

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  1. 2018

    Inspection finds irregular procurement and public-fund dining; China XD ordered to correct inflated revenue

    China XD Group's inspection rectification notice disclosed problems including dining with public funds, official vehicles exceeding standards, irregular procurement, bidding and material disposal; several cadres received Party disciplinary punishments. Its China XD Electric was ordered by the Shaanxi Securities Regulatory Bureau to correct inflated 2021 revenue and non-standard R&D expenditure accounting; Ding Xiaolin and Tian Ximin received warning letters, and the Shanghai Stock Exchange issued regulatory warnings. Party discipline; ordered correction.

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