Feilo Acoustics shares fluctuate amid business adjustments, Lingang Group reduces stake

Shanghai Feilo Acoustics shares experienced abnormal fluctuations from September 16-18, 2025, with a cumulative deviation of 20% in daily closing prices. The company's stock exhibited high turnover (6.05%) and amplitude (8.53%) on September 18, 2025, prompting a warning about irrational speculation and a high price-to-earnings ratio (463.50), significantly above the industry average of 24.51. The company confirmed no undisclosed major events or asset restructurings, and its major shareholders did not engage in stock trading during this period.

Feilo Acoustics' 2025 semi-annual performance briefing on September 18, 2025, clarified its focus on becoming a leading provider of intelligent hardware and industrial intelligent solutions. The company's core businesses include automotive lighting, automotive electronic appliances, module packaging, and chip testing services. It stated no plans to enter the lithography machine sector or undertake asset injection/restructuring, despite recent changes to its business scope.

The company also addressed inquiries regarding its shareholder, Lingang Group's, share reduction plan, initiated on August 27, 2025. The plan involves a reduction of up to 29,639,778 shares, or 1.1823% of its total share capital. As of August 28, 2025, Lingang Group had reduced its holdings by 4,600,000 shares, decreasing its stake from 6.18% to 6.00%. Lingang Group confirmed no further reductions during the recent fluctuation period.