证券代码：688585 证券简称：上纬新材 公告编号：2025-101 上纬新材料科技股份有限公司 股票交易风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 上纬新材料科技股份有限公司（以下简称"公司"、"上纬新材"）股票价 格自 2025 年 7 月 9 日至 2025 年 11 月 11 日累计上涨 1573.52%，11 月 11 日再次 涨停，短期涨幅显著高于科创综指、科创 50 及同行业等相关指数涨幅，期间多 次触及股票交易异常波动及严重异常波动情形，股票价格已严重脱离当前基本面， 存在随时快速下跌的风险，投资者参与交易可能面临较大风险。 公司于近期开展的具身智能机器人业务处于产品开发阶段，尚未实现量产及 规模化销售，相关业务尚未形成营收及利润，预计不会对 2025 年度业绩产生正 向影响。公司与关联方各自独立开展具身智能机器人业务，应用场景不同，确保 与关联方不构成重大不利影响的实质同业竞争。 敬请广大投资者务必充分了解二级市场交易风险，切实提高风险意识，理性 投资并注意投资风险。 一、公司仍将保持 ...

Core Viewpoint - The company, Shangwei New Materials, has announced that its main business remains focused on the research, production, and sales of environmentally friendly high-performance corrosion-resistant materials, wind turbine blade materials, new composite materials, and circular economy materials, with no significant changes reported in operations or market conditions [1] Group 1 - The company is currently developing a new business in embodied intelligent robotics, which is still in the product development stage and has not yet achieved mass production or scale sales, meaning it has not generated revenue or profit, and is not expected to positively impact the 2025 performance [1] - The company's fundamentals have not undergone significant changes; however, the recent stock trading price has severely deviated from the current fundamental situation, indicating a risk of a rapid decline in stock price [1] - If the stock price continues to diverge from the company's fundamentals, the company may apply for a trading suspension review from the Shanghai Stock Exchange according to relevant regulations [1]

Group 1 - The stock of Shangwei New Materials reached a 20% limit up, indicating strong market interest and potential investor confidence [1] - World Group's stock increased by over 15%, reflecting positive market sentiment [1] - Hanyu Group's stock rose by more than 6%, suggesting a favorable trading environment [1] Group 2 - Other companies such as Wuzhou New Spring, Guangyang Co., Riyi Electronics, and Kaierda also experienced stock price increases, indicating a broader trend in the market [1]

Core Viewpoint - The stock of the company, Upwind New Materials (688585.SH), has increased by 1573.52% from July 9, 2025, to November 11, 2025, significantly outperforming related indices, indicating a risk of a rapid decline at any time [1] Group 1: Business Development - The company is currently in the product development stage for its embodied intelligent robot business, which has not yet achieved mass production or scaled sales, and is not expected to contribute positively to the 2025 financial performance [1] - The company and its affiliates are independently developing the embodied intelligent robot business with different application scenarios to ensure no significant adverse impact from substantial competition with affiliates [1] Group 2: Main Business Operations - The company's main business remains focused on the research, production, and sales of environmentally friendly high-performance corrosion-resistant materials, materials for wind turbine blades, new composite materials, and circular economy materials, with no significant changes reported [1] - There have been no major changes in the company's production and operations, market environment, industry policies, production costs, or sales conditions [1]

Core Viewpoint - Zhiyuan Robotics has completed a significant corporate restructuring by changing its company type from a limited liability company to a joint-stock company, indicating a step towards an independent IPO while simultaneously pursuing a strategic acquisition of a listed company platform [2][3][5] Group 1: Corporate Actions - Zhiyuan Robotics has changed its name to Zhiyuan Innovation (Shanghai) Technology Co., Ltd. and its company type to a joint-stock company, which prepares it for an independent IPO [3] - The company has appointed a new board member, Yao Maoqing, indicating a strengthening of its management team [3] - The speculation around Zhiyuan Robotics' potential reverse merger with Shangwei New Materials has cooled following its recent corporate restructuring [5] Group 2: Market Position and Strategy - The company is positioned as a leading player in the humanoid robotics sector, having attracted significant investment from major firms like Tencent, BYD, and JD.com [7] - Zhiyuan Robotics aims to maximize value through a dual strategy of preparing for an independent IPO while also acquiring a listed company to enhance its market presence [6] - The company is focusing on vertical integration to enhance operational efficiency and secure key resources, including quality material supply and customer base expansion [6] Group 3: Financial Performance and Orders - Zhiyuan Robotics has secured multiple significant orders, including a 120 million yuan contract with China Mobile and several other multi-million yuan projects, indicating strong demand for its products [7] - The company reported a substantial increase in delivery volume, achieving thousands of units delivered from January to September this year compared to the previous year [7] - The company anticipates that overseas revenue will account for over 30% of total revenue next year, driven by high demand for automation products in developed markets [8]

人民财讯11月11日电，上纬新材(688585)11月11日发布股票交易风险提示公告，公司于近期开展的具身 智能机器人业务处于产品开发阶段，尚未实现量产及规模化销售，相关业务尚未形成营收及利润，预计 不会对2025年度业绩产生正向影响。目前，公司基本面未发生重大变化，但近期公司股票交易价格已严 重脱离公司目前的基本面情况，公司股价存在随时快速下跌的风险，投资者参与交易可能面临较大的市 场风险。 ...

作者丨邓浩 11月11日，市场传言上纬新材将联合智元开展机器人业务。上纬新材随即异动拉升，截至收盘股价20CM涨停。 股价年内涨幅近20倍 消息面上，11月3日，一个名为"智元上纬"的微信公众号注册上线。账号主体为"上纬新材料科技股份有限公司"，并于今日发布机器人相关概念海报，引发 市场猜想。 编辑丨骆一帆 一般而言，企业进行股改核心目的是优化产权结构、建立规范的公司治理机制，并为上市或融资做准备。因此，智元此举也引发市场对智元IPO的预期。 此前，智元通过收购获得了科创板上市公司上纬新材的控股权，并继续推动要约收购，一度引发资本市场热炒，上纬新材也成为年内首只20倍大牛股。不 过，智元也多次对外发声否认借壳上市传言。 11月6日晚间，上纬新材公告称，上海智元恒岳科技合伙企业(有限合伙)（下称"智元恒岳"，智元机器人关联持股平台）要约收购公司股份交割完成。智元 恒岳持有股份占上市公司总股本的58.62%，智元恒岳及其一致行动人共计持有上市公司总股本的63.62%。 对此，21世纪经济报道记者从智元获悉，"上纬新材是独立开展具身智能业务，不是联合智元开展。"不过。市场显然对两者的业务预期抱有更大期待。 （图片来 ...

作者丨邓浩 消息面上，11月3日，一个名为"智元上纬"的微信公众号注册上线。账号主体为"上纬新材料科技股份有限公司"，并于今日发布机器人相关概念 海报，引发市场猜想。 对此，21世纪经济报道记者从智元获悉，"上纬新材是独立开展具身智能业务，不是联合智元开展。"不过。市场显然对两者的业务预期抱有更 大期待。 （图片来源：智元上纬官方微信公众号） 编辑丨骆一帆 11月11日，市场传言上纬新材将联合智元开展机器人业务。上纬新材随即异动拉升， 截至收盘股价20CM涨停。 | | 130.20 +21.70 +20.00% | | | | A MI MARE | TT ET | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 688585 父易 | | | SSE CNY 15:30:13 闭市 | | | | | | 料 ■ √ ○ + | | 委比 | 100.00% 委差 | 9821 | Wind ESG评级 A | | | 详情 | | 实力 | | 1 | 之生 | 1862.96% 120日 | | 1613.41% | | 卖四 | | - ...

Company Overview - Zhiyuan Innovation (Shanghai) Technology Co., Ltd. has changed its name to Zhiyuan Innovation (Shanghai) Technology Co., Ltd. and transformed from a limited liability company to a joint-stock company, indicating a potential preparation for an IPO [2] - The company was founded in February 2023 by Peng Zhihui, a participant in the "Huawei Genius Youth Program," and is headquartered in Shanghai [2] - Zhiyuan Robot is a leading player in the domestic humanoid robot sector, with three major product series: Yuan Zheng, Lingxi, and Jingling [2] Financial Activities - Zhiyuan Robot has secured over ten rounds of financing, positioning itself among the top in the domestic industry in terms of financing rounds and valuation [2] - The company recently acquired a 63.62% stake in Shuangwei New Materials for 2.1 billion yuan, which enhances its product capabilities through advanced materials [3] - Shuangwei New Materials reported a revenue of 1.494 billion yuan and a net profit of 88.68 million yuan for 2024, although it faces challenges with rising raw material costs and declining gross margins [3] Industry Trends - The embodied intelligence industry is transitioning from technology validation to mass production, with a significant increase in financing events in the robotics sector [4] - As of August this year, there have been 195 financing events in the robotics field, with 69 being over 100 million yuan, indicating a historical high [4] - Nearly 50 companies in the robotics supply chain have disclosed IPO progress in 2025, including notable firms like Jizhi Technology and Yunjike Technology [4] Challenges - The industry is experiencing intense competition, with 2025 being referred to as the "year of mass production for embodied intelligence," as competitors like Tesla and others accelerate their product development [4] - Technical challenges persist, including a lack of high-quality multimodal action data and unresolved disputes regarding technical routes and core components [4] - The commercialization of humanoid robots is slow, with limited high-value application scenarios, and existing applications face challenges in terms of cost and safety [5]

Market Overview - The A-share market experienced a decline, with the Shanghai Composite Index barely holding above 4000 points, while the ChiNext Index fell over 1% [1] - The Shanghai Composite Index closed down 0.39% at 4002.76 points, the Shenzhen Component Index fell 1.03% to 13289.01 points, and the ChiNext Index dropped 1.4% to 3134.32 points [1] - Total trading volume in the Shanghai and Shenzhen markets was 201.41 billion yuan, a decrease of over 180 billion yuan from the previous day [1] Company Highlights - Upwind New Materials (688585) saw a strong surge, closing at a limit-up price of 130.2 yuan per share, with a total trading volume of 2.15 billion yuan and a market capitalization of 52.5 billion yuan [2] - The stock price of Upwind New Materials rose sharply following the announcement of a new full-size robot, leading to a limit-up [4] - The company confirmed that its operations are normal and denied any plans to divest its existing business [4] New Battery Concepts - New battery concepts, particularly perovskite solar cells, saw significant gains, with Zhonglai Co. reaching a limit-up of 20% [6] - The research team from the Chinese Academy of Sciences achieved a breakthrough in perovskite solar cells, with a conversion efficiency of 27.2% [6] - The market is witnessing a strong trend in the perovskite sector, focusing on supply-side reforms, long-term growth opportunities, and industrialization [8] Smart Grid Sector - The smart grid sector showed active trading, with Juhua Technology hitting a limit-up of 20% [9] - Recent government guidelines aim to enhance the capacity of the power grid to accommodate renewable energy sources, promoting the development of new distribution systems [10] - Investment in national grid projects reached 379.6 billion yuan in the first eight months of 2025, a year-on-year increase of 14% [11]