Feilong Auto Components boosts overseas investment, updates governance

Feilong Auto Components reported its Q3 2025 financial results, with operating revenue of 3.237 billion yuan for the first three quarters, a 7.38% year-on-year decrease, and a net profit attributable to shareholders of 286.739 million yuan, a 7.54% increase. In line with its global strategy, the company plans to inject up to 300 million yuan into its wholly-owned subsidiary, Feilong International Private Limited, increasing total investment to 900 million yuan. This capital will primarily fund the expansion of Longtai Auto Components (Thailand) Co., Ltd.

Further strategic adjustments include reallocating certain production line equipment from its "Annual Output of 6 Million New Energy Electronic Water Pumps" project from Henan Feilong (Wuhu) Auto Parts Co., Ltd. to Anhui Hangyi Technology Co., Ltd., maintaining the same project location. The board also approved continued cash management for temporarily idle raised funds, using up to 220 million yuan of raised capital and 300 million yuan of own funds, to enhance shareholder returns.

These decisions accompany a comprehensive update to the company's governance framework, including revisions to its Articles of Association and various internal management systems, such as those governing related-party transactions, external guarantees, and investment management. These changes reflect Feilong Auto Components' commitment to optimizing resource allocation and strengthening its competitiveness.