Zheng Quan Shi Bao·2025-08-21 15:14Core Viewpoint - Feilu Co., Ltd. (300665) is undergoing a potential change in control, with its stock suspended from trading since August 22, 2023, due to the announcement of control change plans by its major shareholder and actual controller, Zhang Weiguo [1][4]. Financial Performance - In the first half of 2025, Feilu Co., Ltd. achieved operating revenue of 238 million yuan, representing a year-on-year increase of 48.77%, driven by increased demand from rail transit equipment customers and higher acceptance settlement amounts from rail transit engineering clients [4]. - The revenue from the anti-corrosion business segment reached 139 million yuan, marking a year-on-year growth of 60.63% [4]. - The company secured new bids worth approximately 86 million yuan in the waterproofing business during the same period, with an unexecuted amount of 240 million yuan in the rail transit waterproofing business as of the reporting period [4]. Company Background - Established in 1998 and listed on the Shenzhen Stock Exchange's Growth Enterprise Market in 2017, Feilu Co., Ltd. is recognized as the "first stock of domestic rail transit anti-corrosion and waterproof materials" [4]. - The company specializes in anti-corrosion and protective materials for metal, non-metal, and concrete surfaces, with main products including anti-corrosion coatings, waterproof protective materials, and adhesive materials [4]. Leadership Changes - Following the board of directors' adjustment in April 2023, Zhang Jianjia was appointed as the chairman of Feilu Co., Ltd. He is the son of the company's major shareholder and actual controller, Zhang Weiguo [4][5]. - Zhang Jianjia outlined three key focus areas for the future: optimizing the company's modern governance structure, promoting the transformation and upgrading of traditional industries while exploring new avenues, and enhancing communication mechanisms in the capital market to improve the company's value recognition [5]. Stock Performance - On August 21, 2023, Feilu Co., Ltd.'s stock rose by 10.4%, with a cumulative increase of over 40% in the past five trading days, bringing the latest total market capitalization to 2.8 billion yuan [5].