Analysis of the Strong Performance of Feiwo Technology (301232)

Feiwo Technology (301232) recently entered the strong stock pool, with its strong performance driven by both the wind power industry’s fundamental recovery and commercial aerospace concept speculation. As a leading enterprise holding over 70% global market share in wind turbine blade embedded nut sleeves, the company benefits from the industry’s expected 8.8% CAGR in global wind power installed capacity [2]. In Q1-Q3 2025, its revenue reached 1.898 billion yuan (up 57.46% YoY) and net profit was 46 million yuan (up 163.26% YoY), turning losses into profits [2]. Meanwhile, although its commercial aerospace business accounts for less than 1% and is in the initial stage, its cooperation with German aviation enterprise Heggemann still attracted strong market attention, becoming a catalyst for concept speculation [2].

Since April 2025, the stock has risen from 28 yuan to 126 yuan, with an annual gain over 410% and 12 record highs in the past month [3][5]. On Dec 24 and 25, it rose by 14.22% and 3.28% respectively, with a turnover rate of 23.35%, and main funds had continuous net inflows (126.1745 million yuan on Dec 24 and 148.2021 million yuan on Dec 25) [1][4]. On Dec 24, the 5-day moving average crossed the 10-day moving average to form a golden cross, showing a positive short-term technical pattern [6].

Feiwo Technology’s strong performance reflects the market’s pursuit of targets with ‘performance reversal + popular concept’. The wind power industry’s deterministic growth provides solid fundamental support, while the commercial aerospace concept amplifies market sentiment. Continuous net inflow of main funds and active participation of financing investors (net financing purchase of 121.1837 million yuan on Dec 26) [1] further推动 the rapid stock price rise. However, note the extremely low proportion of commercial aerospace business—excessive speculation may lead to deviation between stock price and fundamentals.

• Opportunities
  : Clear long-term growth expectations for the wind power industry; as a niche segment leader, the company is expected to benefit continuously; commercial aerospace business expansion provides potential growth space.
• Risks
  : Concept speculation risk (commercial aerospace business accounts for <1%) [2]; overvaluation risk (annual gain over 410%); industry fluctuation risk (wind power industry affected by policies and raw material prices) [2].
• Key Price Levels
  : Support at 120 yuan (critical support for recent correction), resistance at 130 yuan (pressure near historical high).

Feiwo Technology (301232)'s strong performance is jointly driven by wind power industry recovery-induced performance reversal and commercial aerospace concept speculation. Technicals show short-term positive trends with active capital trading, but risks like concept speculation, overvaluation, and industry fluctuations need vigilance. Investors should comprehensively judge based on fundamentals, industry trends, and market sentiment to avoid blind following.