Zhejiang Fenglong Electric

A Zhejiang precision-parts listed company that has come under UBTech's control since 2026.

Zhejiang Fenglong Electric (002931.SZ) listed on the Shenzhen Stock Exchange in 2018, with core businesses in three lines of precision components — for garden machinery, automobiles, and hydraulics — supplying complete-equipment makers including STIHL and Honda. It entered embodied-AI news because of a change in control: on December 24, 2025, Hong Kong-listed humanoid-robot company UBTech announced it would acquire about 43% of Fenglong for roughly RMB 1.665 billion through a combination of a negotiated share transfer and a partial tender offer; the share transfer closed in March 2026, making UBTech founder Jian Zhou the actual controller, and the partial tender offer completed on April 24, bringing UBTech's total stake to about 43.01%. The market speculated this might be UBTech's route back to an A-share listing, though Fenglong said UBTech would not pursue a backdoor listing within three years.

Related

UBTech Robotics · Backdoor Listing · Humanoid Robot Concept Stocks · First Listed Humanoid Robot Stock

Sources

优必选正式入主锋龙股份（证券时报网） (Chinese)
方达助力优必选科技收购锋龙股份控制性股权 (Chinese)
锋龙股份再回应：优必选三年内不会借壳上市（新京报） (Chinese)

As of

2026-04