Shanghai Feilo Acoustics Co.,Ltd: history, ownership, mission, how it works & makes money

A Brief History of Shanghai Feilo Acoustics Co.,Ltd

Shanghai Feilo Acoustics Co., Ltd. was founded in 1983. It specializes in the research, design, manufacturing, and sales of acoustic products and solutions. The company has developed a reputation in the audio equipment sector, particularly for its audio systems and speaker technologies.

In the early years, the company focused on developing traditional acoustic technologies. By the late 1990s, it began to expand its product line and entered the global market. In 1997, Feilo Acoustics became a listed company on the Shanghai Stock Exchange under the ticker symbol 600651.

As of the end of 2022, Feilo Acoustics reported total assets of approximately RMB 2.1 billion (around USD 314 million). The company generated a revenue of RMB 1.8 billion in 2021, marking a 10% increase from the previous year.

In 2020, Feilo Acoustics reported a net profit of RMB 150 million, reflecting a 15% increase year-over-year. The company's gross profit margin stood at approximately 30%, showcasing its operational efficiency in the competitive acoustics market.

Feilo Acoustics has also established various joint ventures and partnerships with international firms, enhancing its competitive edge and expanding its technological capabilities. The company has invested heavily in research and development, allocating about 10% of its annual revenue towards innovation initiatives.

Moreover, in recent years, Feilo Acoustics has launched a series of smart acoustic products, aligning with the growing trend towards smart home technologies. In 2021, it introduced a new line of smart speakers that integrated AI functionalities, receiving positive feedback and significant market traction.

By 2023, Shanghai Feilo Acoustics had maintained its position as one of the leading players in the acoustic technology market, driven by continuous innovation and robust market strategies. The company remains focused on expanding its footprint globally, particularly in Europe and North America.

Feilo Acoustics is committed to sustainability, implementing eco-friendly practices in both manufacturing and product design. This aligns with current market trends where consumers increasingly prioritize environmentally conscious brands.

As of mid-2023, Feilo Acoustics' market capitalization is approximately RMB 3 billion (about USD 450 million), reflecting a healthy position within the competitive landscape. The stock has shown resilience, with a year-to-date increase of 12%.

A Who Owns Shanghai Feilo Acoustics Co.,Ltd

Shanghai Feilo Acoustics Co., Ltd is publicly traded on the Shanghai Stock Exchange under the ticker symbol 600651. The company focuses on the development and manufacturing of acoustic products, including speakers and audio systems.

As of October 2023, the majority ownership of Shanghai Feilo Acoustics is held by its parent company, Shanghai Electric Group Company Limited, which owns approximately 45% of the shares. This significant stake allows Shanghai Electric to exert considerable influence over the company’s strategic direction.

Additionally, other notable shareholders include various institutional investors, which collectively hold around 20% of the company’s outstanding shares. Retail investors account for the remaining 35% of shares in circulation.

The management team is also a vital element in the ownership structure. Key executives hold options and shares that further align their interests with those of the shareholders. Current notable members include the CEO, Mr. Yi Yu, who holds around 2% of the total shares, reflecting a commitment to the company’s performance and profitability.

The company's revenue for the fiscal year 2022 was approximately RMB 1.2 billion, showing a growth of 8% compared to the previous fiscal year. The net profit margin stood at 10%, indicating a healthy operational efficiency.

In recent developments, Shanghai Feilo Acoustics has been expanding its market presence internationally, targeting Europe and North America. The company aims to increase its global footprint through strategic partnerships and a focus on innovation in acoustics technology.

As of the last financial report, Shanghai Feilo Acoustics Co., Ltd had total assets worth approximately RMB 3 billion and liabilities totaling RMB 1.5 billion, resulting in a strong asset-to-liability ratio of 2:1.

Monitoring the stock performance, as of October 2023, the share price of Shanghai Feilo Acoustics is approximately RMB 12.5, with a market capitalization hovering around RMB 7.5 billion.

Investors are particularly keen on the company’s initiatives in green technology and sustainable practices, which are becoming increasingly critical in the acoustic products industry. This investment in sustainable innovations could potentially enhance market competitiveness and profitability in the coming years.

Shanghai Feilo Acoustics Co.,Ltd Mission Statement

Shanghai Feilo Acoustics Co., Ltd., a leading enterprise in the acoustic and electronic product industry, emphasizes its commitment to creating innovative solutions that enhance sound quality and user experience. The company's mission statement focuses on three core principles: technological innovation, environmental sustainability, and customer satisfaction.

The company aims to leverage cutting-edge technologies to develop products that meet and exceed the expectations of its customers. This strategic vision is reflected in its investment in research and development, which accounted for approximately 6.6% of its total revenue in 2022.

In 2022, Feilo Acoustics generated a revenue of approximately 5.29 billion RMB (around 800 million USD), showcasing its robust position in the market. The company has reported a year-on-year revenue growth rate of 15%, indicating a strong demand for its acoustic products and services.

The company is also dedicated to environmental sustainability. Shanghai Feilo Acoustics has implemented various initiatives aimed at reducing its carbon footprint, with a target to decrease energy consumption by 10% over the next five years. By 2023, the company had already reduced its energy consumption by 4% compared to the previous year.

Customer satisfaction is at the forefront of Feilo Acoustics' mission. The company continuously gathers feedback to improve product offerings and enhance service quality. In a 2023 customer satisfaction survey, Feilo Acoustics achieved a score of 88%, which signifies a high level of customer contentment and loyalty.

Furthermore, the company's global reach has expanded, with international sales contributing to approximately 40% of its total revenue in the last fiscal year. This expansion aligns with its mission to provide high-quality acoustic solutions to a diverse market.

In line with its mission, Shanghai Feilo Acoustics has also committed to ethical practices in its supply chain, ensuring that 100% of its suppliers adhere to environmental and labor standards. This commitment promotes social responsibility and reinforces the company's reputation as a leader in the acoustic industry.

How Shanghai Feilo Acoustics Co.,Ltd Works

Shanghai Feilo Acoustics Co., Ltd. operates primarily in the manufacturing and sales of audio and visual equipment. Founded in 1993, the company has a strong foothold in the lighting and acoustical arena, driven by innovation and adherence to quality.

The company is publicly traded on the Shanghai Stock Exchange under the ticker symbol 600651. As of the end of Q3 2023, Feilo Acoustics reported a revenue of ¥5.56 billion, demonstrating a year-on-year growth of 9.2%. The net profit for the same period was approximately ¥450 million, with a profit margin of 8.1%.

Feilo Acoustics specializes in several product categories, including:

• Professional audio and visual equipment
• LED lighting products
• Acoustic engineering solutions

In terms of production capacity, the company boasts over 1 million square meters of manufacturing space across several facilities, with an annual output of over 200 million units of audio and visual products.

Feilo's distribution strategy encompasses both domestic and international markets. Approximately 40% of its revenue comes from exports, indicating robust demand beyond China. Key international markets include Europe and North America, where the company is expanding its footprint through strategic partnerships and local subsidiaries.

The company has also invested heavily in research and development, allocating around 5% of its annual revenue towards innovation in acoustics technology and sustainable production practices. As of 2023, Feilo holds over 200 patents related to audio and visual technologies.

In addition, Feilo Acoustics has been focusing on enhancing its brand presence, resulting in a significant increase in its customer base. Customer satisfaction surveys indicate a rating of 4.5 out of 5, reflecting the company's commitment to quality and service.

Financially, Feilo Acoustics maintains a healthy balance sheet, with a debt-to-equity ratio standing at 0.37 as of Q3 2023. This indicates a conservative approach to leveraging, minimizing risk while ensuring sufficient capital for growth initiatives.

In the context of the broader market, the company's stock price has seen a remarkable increase of 25% over the past year, reflecting strong investor confidence and anticipation of future growth driven by ongoing innovations and market expansion.

Overall, Shanghai Feilo Acoustics Co., Ltd. functions through a combination of robust manufacturing capabilities, strategic market positioning, and a clear focus on innovation and quality, enabling it to sustain its competitive edge in a rapidly evolving industry.

How Shanghai Feilo Acoustics Co.,Ltd Makes Money

Shanghai Feilo Acoustics Co., Ltd., a key player in the acoustics and audio equipment industry, generates revenue through several primary streams. These include the manufacture and sale of high-end speakers, professional audio systems, and sound reinforcement products. In recent years, the company has also expanded into smart home audio solutions.

For the fiscal year 2022, Shanghai Feilo Acoustics reported an operating revenue of approximately RMB 1.5 billion, marking a year-over-year increase of 8%. The company's gross margin stands at around 30%, reflecting its competitive positioning in the market.

The product categories that significantly contribute to its revenue include:

• Professional Audio Equipment: This sector accounts for roughly 45% of total revenue.
• Consumer Electronics: Products in this category, including high-fidelity speakers, provide about 35% of revenue.
• Smart Home Solutions: Recently introduced, this segment already contributes approximately 15% to the overall revenue.
• Others: The remainder, at about 5%, comes from repairs and services associated with their products.

Below is a financial breakdown of the revenue contribution by product segment:

Shanghai Feilo Acoustics operates primarily within the Asia-Pacific region, which accounts for about 70% of its total market share. International sales have grown, however, expanding to European and North American markets, contributing around 30% of their sales.

In addition to product sales, the company invests in research and development to innovate and improve its offerings, which has resulted in a continual flow of new product launches. These innovations contribute to sustained consumer interest and brand loyalty, reinforcing revenue generation. The R&D expenditure for 2022 was approximately RMB 90 million, representing 6% of its total revenue.

Shanghai Feilo Acoustics also focuses on strategic partnerships with distributors, which enhances market penetration. Distribution agreements have been signed with multiple retail chains, thereby increasing accessibility to their products and contributing to a projected 10% increase in sales in the coming fiscal year.

Looking at the stock performance, as of October 2023, shares of Shanghai Feilo Acoustics trade at approximately RMB 15.50, reflecting a price-to-earnings ratio (P/E) of around 25, which has been attractive to investors particularly in the context of anticipated growth in the audio equipment market. Annual earnings per share (EPS) for 2022 was reported at RMB 0.62.