Fenglong(SZ:002931) Jin Rong Shi Bao·2026-01-23 01:25Core Viewpoint - Fenglong Co., Ltd. has experienced a significant stock price surge, reaching 90.48 CNY per share, with a 17-day consecutive trading limit increase, raising concerns about potential trading risks and market speculation [1] Group 1: Stock Performance and Trading Risks - The stock price of Fenglong Co., Ltd. has increased dramatically since mid-December 2025, attributed to the anticipated acquisition by UBTECH Robotics, despite no major changes in operational conditions or disclosures [2] - The company has issued multiple risk warnings regarding its stock price volatility, indicating a significant deviation from its fundamental performance and cautioning against irrational market behavior [1][3] - The company reported a net loss of 7.04 million CNY in 2023, with a projected profit of 4.59 million CNY in 2024, highlighting a stark contrast to its current high static price-to-earnings ratio of nearly 3000 times [3] Group 2: Acquisition Details - UBTECH Robotics plans to acquire a 29.99% stake in Fenglong Co., Ltd. at a price of 17.72 CNY per share, with a total transaction value of approximately 1.665 billion CNY [3][4] - Following the acquisition, UBTECH will hold a 43.01% stake in Fenglong, becoming the controlling shareholder, which is seen as a strategic move to enhance its industry chain and competitive edge [4] - UBTECH has already paid about 101 million CNY as a performance guarantee for the acquisition, with the transaction pending approval from relevant regulatory bodies [5] Group 3: Industry Context - UBTECH Robotics, established in 2012, is recognized as a leading player in the humanoid robotics sector and aims to leverage its technological advantages in collaboration with Fenglong's manufacturing capabilities [4] - The recent partnership with Airbus for humanoid robot services indicates UBTECH's commitment to expanding the application of humanoid robots in various industries, including aerospace [5]