Autel Intelligent Technology gets regulatory warning, credit ratings affirmed

Shenzhen Autel Intelligent Technology Co. and its directors received administrative regulatory measures from the Shenzhen Securities Regulatory Bureau. The company was ordered to rectify issues, including undisclosed changes in related-party transactions, undisclosed related-party fund occupancy, and a lack of disclosure regarding concert party relationships among its top ten shareholders. The company's former chairman and general manager Li Hongjing, director and deputy general manager Nong Yingbin, and former board secretary Fang Wenbin were issued warning letters for their primary responsibility in these matters.

Despite the regulatory action, CICC Pengyuan maintained Autel Intelligent Technology’s corporate credit rating at AA, with a stable outlook. The rating for “Autel Convertibles” was also affirmed at AA. The ratings’ validity extends from December 12, 2025, through the entire duration of "Autel Convertibles."

CICC Pengyuan noted that the issues stemmed from the company and its personnel's insufficient understanding of relevant laws and regulations, concluding that these matters did not impact the company's actual business operations or debt repayment capabilities. CICC Pengyuan will closely monitor the company's rectification efforts concerning information disclosure and corporate governance.