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According to public information, Funeng Oriental is mainly engaged in research and development, production, sales and service of high-end intelligent manufacturing equipment such as lithium battery automatic production equipment, as well as precision die-cutting product processing, IDC data storage and operation services. The largest shareholder of the company is Foshan Investment Holding Group Co., Ltd., and the actual controller is Foshan SASAC.The performance in the first three quarters plummeted.On the evening of October 25th, Funeng Oriental announced its third-quarter results, saying that its revenue in the first three quarters of 2024 was about 475 million yuan, a year-on-year decrease of 53.46%. The net profit attributable to shareholders of listed companies was about 6.77 million yuan, a year-on-year decrease of 82.49%; The basic earnings per share was 0.0092 yuan, a year-on-year decrease of 82.51%.

In terms of stock price trend, since September this year, the share price of Funeng Oriental has generally shown a shock rise. From September 6 to December 6, the share price of Funeng Oriental has soared by over 150% in three months. Among them, the cumulative increase in the share price of Funeng Oriental in November was as high as 83.08%. After entering December, the company's share price rose more slowly than the previous month."Big Bull Stock" was put on file by CSRC.Although Funeng Oriental said in the announcement that the company's current operating conditions are normal, the above matters will not have a significant impact on the company's operating activities. But obviously, the news still has an impact on investors.

Although Funeng Oriental said in the announcement that the company's current operating conditions are normal, the above matters will not have a significant impact on the company's operating activities. But obviously, the news still has an impact on investors.At noon on December 4, Funeng Oriental announced that the company's plan to acquire the equity of China Southern Power Grid Integrated Energy (Foshan) Co., Ltd. was in progress, and the formal Equity Transfer Agreement had not been signed, so the implementation process was uncertain.Funeng Oriental said on the investor interaction platform on November 8 that the main business of Guangdong Funeng Big Data Industrial Park Construction Co., Ltd., a subsidiary of the company, is IDC data storage and operation services, and does not involve the research and development of artificial intelligence.