Feilihua released a statement addressing the abnormal fluctuations in its stock trading, noting a recent surge in market interest surrounding electronic cloth and its pivotal role in electronic circuit manufacturing. Presently, the company's cutting-edge ultra-thin quartz electronic cloth products are in the midst of small-scale testing and certification processes with end-users. Feilihua projects that, by 2025, the revenue generated from its quartz electronic cloth business will constitute roughly 5% (subject to unaudited figures) of its overall operating income. Considering this relatively modest revenue share, it has not yet exerted a substantial influence on the company's financial performance. Moreover, the quartz electronic cloth project is fraught with uncertainties in its subsequent phases, encompassing client product updates, compatibility assessments, and beyond. The landscape of business collaboration and order acquisition remains highly unpredictable, with the potential for future business advancements to fall short of expectations.
