Xingyu Shares, under the leadership of Zhou Xiaoping—the wealthiest woman in Changzhou—initially aimed to emphasize the concept of embodied intelligence upon its listing on the Hong Kong Stock Exchange. The company sought to replicate its status as a top-tier supplier in the automotive industry within the robotics sector. To achieve this, Xingyu Shares founded a robotics company in October 2025, with Zhou Xiaoping's son at the helm. However, in September of the current year, the company stirred up controversy when 107 new graduates from the 2026 graduating class, who had been employed for just over a month, either resigned for 'personal reasons' or were persuaded to leave and transition to operator roles. The Changzhou Municipal Human Resources and Social Security Bureau noted that the company's negotiation tactics were inflexible. Xingyu Shares issued two apologies and offered subsidies. Some of the affected graduates reported the incident to Volkswagen Group, one of Xingyu Shares' key clients, prompting a special investigation. Xingyu Shares had previously succeeded in entering the supply chains of German automakers through bold strategic decisions, went public in 2011, and in 2021, Zhou Xiaoping became the richest woman in Changzhou. However, in recent years, impacted by the downturn in the joint venture fuel vehicle market and price wars in the complete vehicle (the term "complete vehicle" is retained as it is a specific industry term) sector, Xingyu Shares' gross profit margin has declined. Although its shift towards new energy clients has shown early signs of success, from late 2024 to late 2025, its workforce diminished by nearly 30%, while labor outsourcing hours surged, and revenue growth remained sluggish in the first half of 2026. Despite holding significant cash reserves, Xingyu Shares still intends to raise funds in Hong Kong to expand its overseas bases, develop intelligent headlights, and conduct embodied intelligence R&D. Currently, its embodied intelligence business is still in its nascent stages, having only delivered prototypes to a select few clients, and it faces stiff competition. The more immediate challenge now is to address the public opinion crisis.
