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← CockpitCompetitor Analysis › 600651.SS Shanghai Feilo Acoustics Co., Ltd. Class AOpen in the cockpit ↗

Shanghai Feilo Acoustics Co., Ltd. Class A600651.SSCompetitor analysis, valuation and peers

China · CNY·Information Technology›Electronic Equipment/Instruments

Chinese lighting and electronics group that owns the international Sylvania lighting brand.

Momentum weak 31
Mkt cap
$1.82B
US dollars, full cap
Free float
32%
of shares outstanding
$/day
$10.1M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-8.8 pp
WACC 9.6%
Hurdle
n/a
no reverse DCF
Close · CNYCN¥4.83
1D-0.2%
1W+4.5%
1M-1.8%
3M-15.6%
6M-29.9%
YTD-33.7%
1Y-44.2%
ATR %3.3%
52w lowhigh48.3% off high

What Shanghai Feilo Acoustics does

Chinese lighting and electronics group that owns the international Sylvania lighting brand.

Products and services

  • Sylvania-branded lighting
  • Acoustics/electronics

Customers

  • Commercial/residential lighting distributors

Where it sits in the supply chain

  • Lighting
  • LED/general lighting products

What could go right

  • LED lighting replacement demand

What could go wrong

  • Commoditised lighting pricing

Moat: narrow (brand). Owns the internationally recognised Sylvania lighting brand outside North America.

Headquarters: Shanghai, China · Employees: 1,285

Named competitors

Shanghai Feilo Acoustics at a glance

Size Shanghai Feilo Acoustics (600651.SS) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $1.82B, the 1382nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.83 on 6 Nov 2026.

Performance Over six months the shares fell 29.9%, against -17.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue fell 11.1% over the last twelve months (peer median +6.0%); the operating margin is -3.0% (peer median 7.5%).

Valuation It trades at 6.8× enterprise value to sales against a peer median of 2.2× (5th most expensive of 21).

Capital Return on invested capital runs 8.8 points below its cost of capital (9.6% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 81600651.SS 70
Six months, rebased to 100: Shanghai Feilo Acoustics against the median of its 20 peers (local-currency closes).

Shanghai Feilo Acoustics financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥1.70BCN¥1.81BCN¥1.96BCN¥1.97BCN¥3.33B
Revenue growth—-8%0%-41%—
Gross profitCN¥377MCN¥285MCN¥278MCN¥317MCN¥666M
EBITDAn/aCN¥56.9MCN¥39.7MCN¥48.2MCN¥82.4M
Net incomeCN¥35.5MCN¥55.0MCN¥39.5MCN¥37.9MCN¥312M
Free cash flowCN¥159MCN¥132MCN¥102M-CN¥36.8M-CN¥148M
Capital expenditureCN¥63.8MCN¥54.7MCN¥43.5MCN¥81.0MCN¥136M
Total debtCN¥929MCN¥907MCN¥927MCN¥967MCN¥1.28B

Quarterly statements and history in the cockpit →

Shanghai Feilo Acoustics competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-40%-20%0%002139300455300007OXIG0029476754601222002980688390DBD6880036728688006688612603556645780396886116436002214600651.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Shanghai Feilo Acoustics is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%0×10×20×30×002139300455300007OXIG0029476754601222002980688390DBD68800368861264578039688611002214600651.SSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shanghai Feilo Acoustics is the large dot.

Shanghai Feilo Acoustics competitors and peer comparison

Head to head with its named competitors (600651.SS vs LIGHT.AS)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Shanghai Feilo Acoustics 600651.SS$1.82B-30%-11%-3%6.8×n/a
Signify LIGHT.AS$2.09B-26%-8%7%0.5×-12.5%

How Shanghai Feilo Acoustics compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Shanghai Feilo Acoustics against its 20 peers (data as of 6 Nov 2026)
Measure600651.SSPeer medianRank in peer set
1-month return-1.8%-7.8%7th highest of 21
6-month return-29.9%-17.9%7th lowest of 21
Distance from 52-week high-48.3%-44.9%9th lowest of 21
Revenue growth (TTM)-11.1%+6.0%4th lowest of 21
Operating margin-3.0%7.5%4th lowest of 21
EV / Sales6.8×2.2×5th most expensive of 21
ROIC minus cost of capital-8.8 pp-0.7 pp4th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Shanghai Feilo Acoustics 600651.SSChina$1.82B-30%-11%-3%6.8×n/an/a
Shenzhen Topband 002139.SZChina$1.81B-8%+9%3%1.2×n/an/a
Beijing Aerospace Shenzhou Intelligent Equipment Technology 300455.SZChina$1.81B-36%-29%-4%13.0×n/an/a
Hanwei Electronics 300007.SZChina$1.79B-15%-3%2%5.5×40.9%+4.6%
Oxford Instruments OXIG.LUnited Kingdom$1.79B-16%-15%15%3.0×20.1%+5.8%
Suzhou Hengmingda Electronic Technology 002947.SZChina$1.78B-43%+13%18%3.2×9.4%+34.8%
Anritsu 6754.TJapan$1.87B-45%+21%15%1.8×11.3%+2.1%
Jiangsu Linyang Energy 601222.SSChina$1.74B-6%+35%8%1.5×n/an/a
Shenzhen Everbest Machinery Industry 002980.SZChina$1.90B-16%+64%23%10.2×n/an/a
Goodwe Technologies 688390.SSChina$1.93B-51%+53%5%1.3×17.4%+41.2%
Diebold Nixdorf DBDUnited States$1.96B-25%+6%9%0.7×-2.0%-0.5%
Suzhou TZTEK Technology 688003.SSChina$1.67B-19%+33%5%5.3×42.0%+13.2%
ULVAC 6728.TJapan$2.01B-34%+7%7%0.9×14.1%+8.0%
Zhejiang HangKe Technology 688006.SSChina$1.64B-43%+12%3%2.6×16.0%+14.9%
Shenzhen VMAX New Energy (Group) 688612.SSChina$1.63B-21%-6%9%1.6×18.8%+57.4%
Hexing Electrical 603556.SSChina$1.61B-23%+6%9%1.8×0.1%+11.3%
Glory 6457.TJapan$1.53B+16%-8%9%0.8×-8.1%+9.3%
TAIFLEX Scientific 8039.TWTaiwan$1.51B+36%+3%6%4.7×28.3%+3.9%
Hangzhou Kelin Electric 688611.SSChina$1.51B+4%-58%-32%58.7×n/an/a
Amano 6436.TJapan$1.50B-4%+1%11%1.1×-7.6%+9.2%
Zhejiang Dali Technology 002214.SZChina$1.45B-15%+1%-68%28.5×n/an/a

Questions

Who are Shanghai Feilo Acoustics's main competitors?
Named competitors: Signify (LIGHT.AS). The cockpit's measured peer set (industry) also includes Shenzhen Topband (002139.SZ), Beijing Aerospace Shenzhou Intelligent Equipment Technology (300455.SZ), Hanwei Electronics (300007.SZ), Oxford Instruments (OXIG.L), Suzhou Hengmingda Electronic Technology (002947.SZ), Anritsu (6754.T).
Is Shanghai Feilo Acoustics expensive compared with its peers?
On ev / sales it trades at 6.8× against a peer median of 2.2×, 5th most expensive of 21 in its peer set.
How has Shanghai Feilo Acoustics stock performed?
Over six months to 6 Nov 2026 the shares returned -29.9% against -17.9% for the median peer; over one year -44.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.