No. Shanghai Phoenix Sheng Xiang Bicycle Company was established on March 20th, 2003, and its legal representative is Li Jincheng, who holds 80% of the shares. The predecessor of Fenghuang brand bicycle can be traced back to the 23rd year of Guangxu reign in Qing Dynasty, that is, Tongchang Vehicle Store, which was founded in 1897, and was awarded the title of the first "China Famous Trademark". The two companies have nothing to do with each other.