The company was founded on November 18, 1984 and is the first joint-stock listed company in New China. On November 14, 1986, Deng Xiaoping, the chief designer of China's reform and opening up, gifted Feilo Audio shares to visiting Mr. John Van Erlin, then chairman of the New York Stock Exchange in the United States, and also gave the world confidence in developing the securities market. As a result, the international community was amazed by “China shaking hands with the stock market.” The company's core business includes three segments: intelligent hardware products, solutions, and inspection and testing. The company's smart hardware segment includes automotive lighting, vehicle body control, module packaging, chip testing services, and solution segments include smart water, intelligent manufacturing, and industrial internet security.