Core Viewpoint - The transformation of Upwind New Materials from a struggling IPO to a market star is primarily attributed to the acquisition by Zhiyuan Robotics, which has significantly boosted the company's stock price and market valuation [2][3]. Group 1: Stock Performance - Upwind New Materials has seen a staggering increase in stock price, with a year-to-date gain exceeding 1800%, making it one of the most notable "tenfold stocks" of the year [2]. - The stock price reached 132.1 yuan per share as of September 25, with a total market capitalization surpassing 53 billion yuan, indicating a significant valuation increase [3]. - The offer price of 7.78 yuan per share from Zhiyuan Robotics represents a stark contrast to the market price, with a price difference of nearly 17 times [3]. Group 2: Acquisition Details - Zhiyuan Robotics plans to acquire approximately 149 million shares of Upwind New Materials, representing 37% of the total share capital, with a total funding requirement of 1.161 billion yuan [2]. - Following the acquisition, Zhiyuan Robotics will hold about 66.99% of Upwind New Materials, solidifying its control over the company [2][4]. - The acquisition is part of a three-step strategy by Zhiyuan Robotics, which has already secured a 29.99% stake through a prior agreement [2][4]. Group 3: Company Background - Upwind New Materials, established in 2000, specializes in the research, production, and sales of high-performance corrosion-resistant materials and composite materials for various applications [3]. - The company had a challenging IPO in 2020, raising only 108 million yuan, marking the lowest fundraising record on the Sci-Tech Innovation Board [3]. Group 4: Zhiyuan Robotics Overview - Zhiyuan Robotics, a relatively new player in the market, has quickly gained attention due to its strong founding team, including notable figures from Huawei [5]. - The company has attracted significant investment from top-tier venture capital and industry giants, indicating strong market confidence in its potential [5][6]. - Zhiyuan Robotics aims to produce 1,000 humanoid robots by the end of 2024, with plans for exponential growth in production capacity across various application fields [6]. Group 5: Market Outlook - The global market for humanoid robots is projected to reach 6.339 billion yuan by 2025, with significant growth expected in the Chinese market [6]. - Despite technological advancements, challenges remain in achieving low-cost, high-reliability mass production, which may affect the timeline for full commercialization [6]. Group 6: Future Considerations - As the deadline for the acquisition approaches, market attention will shift to how Zhiyuan Robotics integrates Upwind New Materials' existing business and leverages its manufacturing capabilities [8].

【导读】上纬新材9月26日开市起停牌核查，系今年以来首只涨幅超20倍股票 中国基金报记者 邱德坤 9月25日晚间， 上纬新材 发布公告称，7月9日至9月25日， 公司股价 多次触及股票交易异 常波动及严重异常波动情形，并且最近两个交易日连续涨停，计划自9月26日开市起停牌，直 到披露核查公告后复牌。 7月9日至9月25日，上纬新材股价累计涨幅达1597.94%，1月6日至9月25日累计涨幅达 2030.65%，成为2025年以来首只股价涨幅超10倍、20倍的股票。 上纬新材股价异动始于7月9日，而其在7月8日发布公告称，拟易主上海智元恒岳科技合伙企 业（有限合伙）（以下简称智元恒岳），后者是智元机器人关联公司上海智元新创技术有限 公司及其核心团队出资设立的持股平台。 截至9月25日收盘，上纬新材股价报132.10元/股，涨幅达20%，总市值为532.8亿元。 已累计15次触及异常波动情形 上纬新材称，7月9日至9月25日，公司股票交易8次触及股票交易异常波动情形，7次触及股 票交易严重异常波动情形。 目前，上纬新材累计发布15次异常波动、严重异常波动、交易风险提示公告，提示股票交易 风险。 7月14日、7月1 ...

Group 1: Strategic Restructuring - Pingmei Shenma and Shenneng Group announced plans for strategic restructuring by the controlling shareholders, which will not significantly impact their operations [1][1] - The restructuring will not change the controlling shareholders or the actual controllers of either company [1][1] Group 2: Capital Increase - Ganfeng Lithium plans to introduce investors for a capital increase of up to 2.5 billion yuan for its subsidiary, Ganfeng Lithium Technology [2] - The capital increase will be priced at 3 yuan per 1 yuan of registered capital, and the company will waive its preferential subscription rights [2] Group 3: Stock Trading Suspension - Upwei New Materials' stock has been suspended for verification due to multiple instances of abnormal trading fluctuations [3] - The company will conduct an investigation into the trading volatility and will resume trading after the verification process [3] Group 4: Earnings Forecast - Jihong Co. expects a net profit of 209 million to 222 million yuan for the first three quarters of 2025, representing a growth of 55% to 65% year-on-year [4] - The growth is attributed to significant increases in revenue and profit from cross-border social e-commerce and improved operational efficiency in the packaging business [4] Group 5: Fundraising and Projects - Hanyu Pharmaceutical plans to raise up to 968 million yuan through a private placement for various projects including peptide drug production and R&D upgrades [5] - Water Development Gas received acceptance for its securities issuance application from the Shanghai Stock Exchange [6] Group 6: Important Transactions - Tianqi Model's controlling shareholders signed a share transfer agreement to transfer 162 million shares, which will change the controlling shareholder to Jianfa Wanyu [7] - The transaction is expected to lead to a change in the actual controller to the Urumqi Economic and Technological Development Zone State-owned Assets Supervision and Administration Commission [7] Group 7: Investment Projects - Dongfang Yuhong signed an investment agreement to invest 600 million yuan in a new materials industry chain project in Nanning, Guangxi [9] - The project includes mining, processing, and product development [9] - Changqing Group plans to invest 571 million yuan in the second phase of its cogeneration project in Maoming [9]

Group 1 - The core point of the news is that the company, Shangwei New Materials, will suspend its stock trading starting September 26, 2025, due to significant fluctuations in stock prices and ongoing discussions regarding asset integration with its actual controller, Deng Taihua [1][2] - The company has confirmed that there are no clear plans for asset sales, mergers, or restructuring involving its subsidiaries within the next 12 months [1] - The stock has experienced a remarkable increase, becoming the first "10x stock" and later the first "20x stock" of the year, with a closing price of 132.1 yuan per share, reflecting a 20% increase [2] Group 2 - Shanghai Zhiyuan Hengyue Technology Partnership plans to make a tender offer to acquire 37.00% of Shangwei New Materials at a price of 7.78 yuan per share, with a total estimated funding requirement of 1.161 billion yuan [2] - The tender offer period is set from September 29, 2025, to October 28, 2025, and the acquirer has deposited 232 million yuan as a performance guarantee for the offer [2]

Group 1 - The stock of Upwind New Materials (688585) closed at 132.10 yuan on September 25, reaching the daily limit with a trading volume of 9.78 billion yuan and a turnover rate of 1.92% [2][3] - The stock was listed on the daily trading list due to a price increase of 15% at the close [2] - The top five trading departments accounted for a total transaction amount of 1.77 billion yuan, with a net selling amount of 24.22 million yuan [2][3] Group 2 - The main capital inflow for the stock was 18.75 million yuan on the same day [3] - Over the past six months, the stock has appeared on the trading list 19 times, with an average price increase of 11.87% the day after being listed and an average increase of 75.94% in the following five days [3] - The leading buying department was China International Capital Corporation with a purchase amount of 22.16 million yuan, while the top selling department was GF Securities with a selling amount of 43.93 million yuan [3]

公司发函向公司收购人暨控股股东上海智元恒岳科技合伙企业(有限合伙)(简称"智元恒岳")及实际控制 人邓泰华先生核实，截至目前，收购方智元恒岳及其一致行动人上海致远新创科技设备合伙企业(有限 合伙)(简称"致远新创合伙")不存在在未来12个月内对上市公司及其子公司的资产和业务进行出售、合 并、与他人合资或合作的明确计划，或上市公司拟购买或置换资产的明确重组计划。截至目前，未来36 个月内，智元创新不存在通过上市公司借壳上市的计划或安排。 公司将就股票交易波动情况进行停牌核查,，公司股票将于2025年9月26日(星期五)开市起停牌。 智通财经APP讯，上纬新材(688585.SH)公告，公司股票价格自2025年7月9日至2025年9月25日期间多次 触及股票交易异常波动及严重异常波动情形，最近两个交易日连续涨停。公司同时关注到近期市场存在 部分媒体关于上纬新材与实际控制人邓泰华先生及其控制的智元创新(上海)科技有限公司(简称"智元创 新")相关资产进行整合的讨论与报道。 ...

Core Points - The stock price of Shangwei New Materials (688585.SH) has experienced multiple instances of abnormal trading fluctuations from July 9, 2025, to September 25, 2025, with consecutive trading limit increases in the last two trading days [1] - There are ongoing discussions and reports in the market regarding the integration of assets between Shangwei New Materials and its actual controller, Mr. Deng Taihua, along with his controlled entity, Zhiyuan Innovation (Shanghai) Technology Co., Ltd. [1] - The company has issued a letter to its acquirer and controlling shareholder, Shanghai Zhiyuan Hengyue Technology Partnership (Limited Partnership), and Mr. Deng Taihua to verify the situation [1] - As of now, there are no clear plans from Zhiyuan Hengyue and its concerted parties to sell, merge, or collaborate on the assets and business of the listed company and its subsidiaries within the next 12 months [1] - There are also no explicit restructuring plans for asset purchases or replacements by the listed company [1] - Over the next 36 months, Zhiyuan Innovation has no plans or arrangements for a backdoor listing through the listed company [1] - The company will conduct a suspension of trading to investigate the stock price fluctuations, with trading set to resume on September 26, 2025 [1]

| 证券代码 | 证券简称 | 停复牌类型 | | 停牌起始日 | 停牌期 停牌终 | | 复牌 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 비 止日 | H | | | 688585 | 上纬新材 | A 股 | 停牌 | 2025/9/26 | | | | 9月25日晚，上纬新材公告称，公司股票自2025年7月9日至9月25日期间多次触及异常波动及严重异常波 动情形，最近两个交易日连续涨停。公司已关注到市场关于与实际控制人邓泰华及其控制的智元创新相 关资产整合的讨论与报道，经核实确认，收购方智元恒岳及其一致行动人致远新创合伙不存在未来12个 月内资产重组计划，智元创新也不存在通过上市公司借壳上市的计划或安排。公司股票将于9月26日起 停牌核查。 二级市场上，上纬新材今日涨停。年初至今，累计涨幅超1800%。 上纬新材(688585) < W 闭市 09-25 15:30:40 科 融 132.10 额 9.78亿 股本4.03亿 市盈 719.9 万得 盘口 +22.02 +20.00% 换 1.92% 市值1 533亿 ...

上纬新材表示，公司同时关注到近期市场存在部分媒体关于上纬新材与实际控制人邓泰华及其控制的智 元创新（上海）科技有限公司（以下简称"智元创新"）相关资产进行整合的讨论与报道。公司发函向公 司收购人暨控股股东上海智元恒岳科技合伙企业（有限合伙）（以下简称"智元恒岳"）及实际控制人邓 泰华核实，截至目前，收购方智元恒岳及其一致行动人上海致远新创科技设备合伙企业（有限合伙） （以下简称"致远新创合伙"）不存在在未来12个月内对上市公司及其子公司的资产和业务进行出售、合 并、与他人合资或合作的明确计划，或上市公司拟购买或置换资产的明确重组计划。截至目前，未来36 个月内，智元创新不存在通过上市公司借壳上市的计划或安排。 北京商报讯（记者 马换换 实习记者 李佳雪）9月25日晚间，上纬新材（688585）披露公告称，因公司 股票价格自7月9日至9月25日期间多次触及股票交易异常波动及严重异常波动情形，最近两个交易日连 续涨停。公司将就股票交易波动情况进行停牌核查。经申请，公司股票将于9月26日开市起停牌，自披 露核查公告后复牌。 二级市场上，经统计，上纬新材系年内首只20倍牛股。截至9月25日收盘，公司报涨停价132.1 ...

大牛股，明起停牌！ 9月25日晚，上纬新材公告称，公司股票自2025年7月9日至9月25日期间多次触及股票交易异常波动及严重异常波动情形，最近两个交易日连续涨停。公司已关注到近 期市场存在部分媒体关于上纬新材与实际控制人邓泰华及其控制的智元创新相关资产进行整合的讨论与报道。公司发函向公司收购人暨控股股东上海智元恒岳科技合 伙企业（有限合伙）及实际控制人邓泰华核实，截至目前，收购方智元恒岳及其一致行动人上海致远新创科技设备合伙企业（有限合伙）不存在在未来12个月内对上 市公司及其子公司的资产和业务进行出售、合并、与他人合资或合作的明确计划，或上市公司拟购买或置换资产的明确重组计划。截至目前，未来36个月内，智元创 新不存在通过上市公司借壳上市的计划或安排。 为维护投资者利益，公司将就上述股票交易波动情况进行核查。经向上海证券交易所申请，本公司股票将于2025年9月26日（星期五）开市起停牌，自披露核查公告后 复牌。公司提醒广大投资者注意二级市场交易风险。 | 上纬新材园 17 Q | | | --- | --- | | 688585 科创板 融 L1 ▼ | | | 两融开户不用等! 下班后、周六、周日照常办理 ...