Core Viewpoint - The Shenzhen Stock Exchange issued a regulatory letter to Henan Hengxing Technology Co., Ltd. and its executives due to issues related to improper salary review and insider information management, leading to inaccurate financial disclosures for the 2024 annual report [2] Company Overview - Henan Hengxing Technology was established on July 12, 1995, with a registered capital of 1.401544698 billion RMB. The company is based in Gongyi City and specializes in the production and sales of galvanized steel wire, galvanized steel strands, steel cord, rubber hose steel wire, prestressed steel strands, diamond wire, and silicone-related products [2] - The current chairman is Xie Xiaobo, with Zhang Zhaoping serving as the secretary of the board. The company employs 2,957 people and is controlled by Xie Baojun. It has 17 subsidiaries, including companies in the Guangxi Free Trade Zone and Inner Mongolia [2] Financial Performance - The company's operating revenue for the years 2022, 2023, 2024, and the first three quarters of 2025 were 4.417 billion RMB, 4.577 billion RMB, 5.085 billion RMB, and 3.823 billion RMB, reflecting year-on-year growth rates of 30.07%, 3.62%, 11.10%, and 3.63% respectively [3] - The net profit attributable to shareholders for the same periods were 187 million RMB, 54.46 million RMB, 13.61 million RMB, and 20.14 million RMB, with year-on-year changes of 33.50%, -70.95%, -75.01%, and 8.22% respectively [3] - The company's asset-liability ratios for the years were 53.39%, 57.28%, 56.75%, and 58.06% [3]