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Shanghai Feilo Acoustics Co Ltd

Shanghai Feilo Acoustics Co., Ltd. operates in lighting, automotive electronics, and module packaging and chip testing services in China and internationally. Its offerings include automotive electronic products, module packaging and chip testing for chip designers, manufacturers, and system integrators, precision manufacturing, inspection and testing, and smart water management services. The company is also involved in instrumentation manufacturing, automotive wiring harnesses and lighting, integrated circuit manufacturing, lighting fixtures and medical devices, and electronic remote controls and accessories for motorcycle and automobile instrument panels. Founded in 1984, it is based in Shanghai, China.

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600651.CG

Feilo Acoustics appoints Guo Aihua and Xu Yajing as deputy general managers, Fang Yizhou as chief engineer

Feilo Acoustics announced on September 29 that Lei Niji has submitted her resignation as deputy general manager of the company, and will continue to serve as a director and board secretary. On the same day, the company's board of directors approved the appointment of Guo Aihua and Xu Yajing as deputy general managers, and Fang Yizhou as chief engineer of the company, with terms running from the date of approval by this board meeting until the end of the term of the 13th board of directors. In the first half of 2026, Feilo Acoustics achieved revenue of 732 million yuan and net profit attributable to the parent company of 1.78 million yuan.
600651.CG · · Neutral Feilo Acoustics announced management appointments (new deputy GMs and chief engineer) and a deputy GM resignation; no clear positive or negative driver.
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Feilo Acoustics first-half 2026 net profit falls 92.27% year on year

Feilo Acoustics released its 2026 interim report, with total operating revenue of 732 million yuan, down 18.02% year on year. Net profit attributable to the parent company was 1.78 million yuan, a sharp decline of 92.27% year on year. Net cash inflow from operating activities was 172 million yuan, up 229.43% year on year, marking a fourth consecutive year of growth. The company's asset-liability ratio was 37.23%, gross margin was 18.71%, return on equity was 0.07%, and diluted earnings per share was 0.00 yuan. The number of shareholders was 60,400, and the top ten shareholders held 67.60% of total share capital.
600651.CG · Capital · Negative H1 2026 net profit fell 92.27% YoY and revenue dropped 18.02%, a clear earnings deterioration.
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China
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Feilo Acoustics to acquire 75% stake in Yunhan Technology for 43.5 million yuan

Feilo Acoustics announced that it plans to acquire a 75% stake in Shanghai Yunhan Technology Co., Ltd. from Shanghai Yidian Information Network Co., Ltd. through a non-public agreement transaction on the Shanghai United Assets and Equity Exchange for 43.5 million yuan. The transaction constitutes a related-party transaction and aims to expand and strengthen its smart water business.
600651.CG · Capital · Positive Acquiring 75% of Yunhan Technology for 43.5 million yuan to expand smart water business
上海云瀚科技股份有限公司 · Capital · Neutral Target company being acquired; impact depends on valuation and integration
上海仪电信息网络有限公司 · Capital · Neutral Seller of stake; receives 43.5 million yuan, but related-party nature may affect perception
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