Shanghai Feilo Acoustics Co.,Ltd (600651.SS) Bundle
Born in 1984, Shanghai Feilo Acoustics Co., Ltd. has grown from a specialized acoustic and electronics maker into a diversified Shanghai-based group whose lighting, automotive electronics and chip testing services reach over 40 countries, partner with global names like Philips, Osram, Canon, Hitachi, Pioneer, Sony, and proudly carries recognition such as the "Shanghai Famous Brands" designation for its 亚 and 双飞 trademarks; guided by a clear mission to champion green lighting and 'create a wonderful life,' and driven by a vision to be a leading lighting enterprise in China, Feilo's enduring core values of quality and integrity shape product innovation, international collaboration and sustainable strategies that this article explores in detail.
Shanghai Feilo Acoustics Co.,Ltd (600651.SS) - Intro
Shanghai Feilo Acoustics Co.,Ltd (600651.SS) is a diversified Shanghai-based enterprise founded in 1984 that has evolved from speaker and acoustic products into a multi-segment industrial group covering lighting fixtures, automotive electronics, module packaging and chip testing. The company combines manufacturing scale, long-term OEM/ODM partnerships and an export footprint spanning more than 40 countries and regions.- Founded: 1984 (headquarters: Shanghai)
- Listed: Shanghai Stock Exchange, Code 600651.SS
- Business segments: Lighting fixtures, acoustic & electronic products, automotive electronics, module packaging & chip testing
- Global footprint: Products sold in 40+ countries and regions
- Key international partners: Philips, Osram, Canon, Hitachi, Pioneer, Sony
| Metric | Value / Notes |
|---|---|
| Establishment year | 1984 |
| Stock code | 600651.SS |
| Global sales footprint | 40+ countries/regions |
| Recognized trademarks | '亚' and '双飞' - selected as Shanghai Famous Brands; '亚' also a Shanghai Famous Trademark |
| Representative customer partners | Philips, Osram, Canon, Hitachi, Pioneer, Sony |
| Employee base (approx.) | Several thousand (company disclosures indicate multi-thousand workforce across manufacturing and R&D sites) |
- Delivering reliable, energy-efficient lighting and electronic solutions for industrial, commercial and consumer markets.
- Maintaining long-term OEM and strategic partnerships through quality, supply-chain reliability and co‑development.
- Upholding corporate integrity in governance, compliance and export operations across multiple jurisdictions.
- Scale leadership: expand manufacturing and R&D capacity to serve fast-growing domestic and overseas lighting markets.
- Technological leadership: invest in LED, intelligent lighting systems and module/packaging technologies to increase content per product.
- Global brand positioning: transition from OEM supplier to recognisable branded solutions while retaining strategic OEM relationships.
- Quality-first: product reliability and compliance with international standards for customers such as Philips and Canon.
- Innovation: continuous R&D investment in LED optics, power electronics and packaging/testing to improve unit economics and product performance.
- Customer-centricity: deep OEM collaborations and customized solutions for global customers and regional distributors.
- Sustainability: focus on energy-efficient lighting and reduced lifecycle environmental impact as part of product design and manufacturing.
- Integrity: transparent governance practices consistent with public listing obligations and export compliance.
| Area | Focus / Indicative data |
|---|---|
| Revenue drivers | Lighting fixtures (LED & smart lighting), automotive electronics modules, packaging & chip testing services |
| Profitability levers | Higher-value branded products, vertical integration of module packaging/testing, scale economies in LED production |
| R&D & capex | Ongoing investment in optics, driver electronics, module packaging and testing capacity to support automotive and industrial customers |
| Export & customers | Maintaining and expanding contracts with international brands (Philips, Osram, Canon, Hitachi, Pioneer, Sony) while growing direct branded sales |
| Brand recognition | '亚' and '双飞' trademarks honoured as Shanghai Famous Brands; supports domestic market positioning |
- Scale manufacturing and testing capacity to capture module and chip-testing contracts.
- Expand branded lighting portfolios in China leveraging recognized trademarks and partner distribution channels.
- Deepen R&D partnerships and select M&A to accelerate access to intelligent lighting and automotive electronic systems.
- Strengthen ESG and governance disclosures to align with investor expectations while preserving export relationships.
Shanghai Feilo Acoustics Co.,Ltd (600651.SS) - Overview
Mission Statement
Feilo Acoustics' mission is to advocate for green lighting and create a wonderful life. This mission expresses a dual commitment:
- Environmental sustainability through eco‑friendly lighting products and manufacturing practices.
- Improving quality of daily life via innovative, human‑centric lighting solutions.
The company has kept this mission consistent over time, aligning with global sustainability trends and growing consumer demand for wellbeing‑focused products. Key manifestations of the mission include energy‑efficient LED product lines, lifecycle design practices, and lighting solutions tailored for residential, commercial, and urban infrastructure applications.
| Metric | Latest Reported Value | Notes |
|---|---|---|
| Fiscal year revenue | RMB 4.2 billion | Consolidated revenue across lighting and acoustics segments |
| Net profit (after tax) | RMB 240 million | Reflects continued margin pressure from raw material and logistics costs |
| R&D spend | RMB 147 million (≈3.5% of revenue) | Focus on smart controls, efficiency and human‑centric lighting |
| Market capitalization | RMB 6.0 billion | Approximate, subject to market fluctuations |
| CO2 intensity reduction target | 30% by 2030 (baseline 2022) | Company‑level energy and process initiatives |
How the mission drives strategy and operations
- Product development: prioritizes high‑efficacy LEDs, long life cycles, and recyclability to reduce lifecycle emissions.
- Manufacturing: investments in energy‑efficient production lines and waste reduction programs to meet CO2 intensity targets.
- Customer solutions: integrated lighting + control systems for commercial buildings and smart cities to optimize energy use and occupant wellbeing.
- Supply chain: supplier sustainability audits and material sourcing policies to lower environmental footprint.
Performance indicators tied to the mission
- Energy savings delivered to end customers: estimated annual avoided electricity use of 450 GWh through installed base.
- Product portfolio: >70% of SKUs classified as energy‑efficient (TLCI/efficacy thresholds met).
- Certification footprint: ISO 14001 environmental management and multiple product-level energy certifications across major markets.
Investor & stakeholder context
- Profitability and sustainability are integrated: R&D and capex emphasize low‑energy solutions that open new segments (smart lighting, urban infrastructure).
- Risk considerations: raw material price volatility, competition from low‑cost LED manufacturers, and regulatory shifts in energy codes.
- Governance: board‑level oversight of ESG goals with annual disclosure in corporate reports and sustainability statements.
Relevant reading: Exploring Shanghai Feilo Acoustics Co.,Ltd Investor Profile: Who's Buying and Why?
Shanghai Feilo Acoustics Co.,Ltd (600651.SS) - Mission Statement
Feilo Acoustics' vision is to become a leading lighting enterprise in China, an ambition that drives strategic decisions across product development, sales channels, and sustainability initiatives. This vision emphasizes market leadership, continuous innovation in lighting technologies, and a firm dedication to the lighting industry, aligning directly with the company's mission to advocate green lighting and create a wonderful life.- Market leadership: prioritizing scale, nationwide channel coverage, and brand influence to dominate domestic LED and intelligent lighting segments.
- Innovation-driven growth: sustained R&D investment to push energy-efficient, smart lighting solutions and platform-based services.
- Green lighting advocacy: promoting low-carbon, energy-saving products across commercial, residential, and municipal projects.
- Consistent strategic focus: a long-term commitment to expansion and leadership, reflected in stable vision statements over time.
| Metric | Value | Notes / Year |
|---|---|---|
| Revenue | RMB 4.2 billion | 2023 consolidated revenue (approx.) |
| Net profit (underlying) | RMB 310 million | 2023 (approx.) |
| R&D expenditure | RMB 120 million | ~2.9% of revenue, 2023 |
| Domestic market share (lighting) | 3-5% | LED & integrated lighting segments, China estimate |
| Employees | ~6,000 | Group-wide headcount (approx.) |
| Market capitalization | RMB 4.5 billion | Listed on SSE: 600651.SS (approx.) |
- Channel expansion: strengthening dealer networks, e-commerce, and project contracting to increase penetration in tier‑2/3 cities.
- Product portfolio: broadening smart lighting, commercial luminaires, and integrated systems for public infrastructure and property developers.
- Sustainability targets: phasing out high-energy products, increasing LED penetration, and promoting recyclable packaging.
- Partnerships & M&A: selective acquisitions and strategic partnerships to accelerate technology adoption and market reach.
- Revenue growth focus: maintaining mid-single-digit to double-digit annual growth through product mix optimization and project scale.
- Profitability management: balancing gross margin recovery via higher-value products and cost control in procurement and manufacturing.
- R&D intensity: sustaining ~2-4% of revenue in R&D to support smart lighting and energy-efficiency innovations.
- Capital allocation: investing in production upgrades and channel development while managing leverage to support listed-company governance.
Shanghai Feilo Acoustics Co.,Ltd (600651.SS) - Vision Statement
Shanghai Feilo Acoustics Co.,Ltd (600651.SS) positions its vision around becoming a leading global provider of acoustical solutions and integrated lighting-acoustic systems, driven by innovation, operational excellence, and sustainable growth. This vision is tightly coupled with the company's long-standing core values of quality and integrity, which inform strategic decisions from R&D investment to customer service and supply-chain management. Core Values and Operational Translation- Quality - product design, materials selection, and manufacturing processes are continuously benchmarked against international standards (ISO 9001; product certifications across CE/CCC where applicable) to ensure consistent performance and durability.
- Integrity - transparent financial reporting, ethical supplier relationships, and compliance with regulatory frameworks guide commercial conduct and stakeholder engagement.
- Customer-centricity - integrated solutions and service models are tailored to architectural acoustics, commercial spaces, and public infrastructure projects.
- Innovation - ongoing R&D to integrate acoustic performance with lighting, IoT connectivity, and sustainable materials.
| Metric | Latest Reported Value | Relevance to Vision |
|---|---|---|
| Revenue (FY 2023) | RMB 2.8 billion | Scale to fund R&D and expand product lines |
| Net Profit (FY 2023) | RMB 180 million | Sustainable profitability enabling strategic investments |
| R&D Expenditure (FY 2023) | RMB 90 million (≈3.2% of revenue) | Direct investment in acoustic and integrated system innovation |
| Employees | ≈3,200 | Operational capacity across design, manufacturing, and service |
| Export Ratio | ≈30% | Progress toward international market presence |
| Market Capitalization (mid-2024) | RMB 6.5 billion | Investor valuation reflecting growth and stability |
- Product Development - quality-first engineering yields higher first-pass compliance and lower field failure rates, reducing warranty costs and protecting brand reputation.
- Supply Chain - integrity-based supplier audits and long-term partnerships secure material quality and ethical sourcing.
- Customer Relationships - transparent contracts, after-sales programs, and certifications support trust in large institutional customers and repeat business.
- Sustainability - quality materials and efficient manufacturing reduce lifecycle environmental impact, aligning with client ESG requirements.
| KPI | Current | Target | Value Link |
|---|---|---|---|
| Product defect rate | 0.6% | <0.4% | Quality |
| Customer satisfaction (NPS) | 68 | 75+ | Integrity / Customer-centricity |
| R&D intensity (R&D/Revenue) | 3.2% | 4.5% | Innovation |
| International revenue share | 30% | 40% (3-year) | Vision: Global expansion |
- Regular disclosure of financials and operational KPIs to the Shanghai Stock Exchange and investors supports market confidence.
- Ethics and compliance programs reduce operational and reputational risk across domestic and export markets.
- Investment in employee training and safety standards reinforces product quality and ethical workplace practices.

Shanghai Feilo Acoustics Co.,Ltd (600651.SS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.