抢位科创板“具身智能第一股”？智元“闪电”入主上纬新材 借壳上市疑云待解

Group 1 - The core focus of the news is on Zhiyuan Robotics' strategic move to acquire control of Upwind New Materials through a dual-track approach of "agreement transfer + tender offer," which is interpreted as a key step towards a backdoor listing [2][3][4] - Zhiyuan Robotics, founded in February 2023, has completed nine rounds of financing and achieved mass production of 1,000 units of its robots by January this year, indicating strong market interest and growth potential [2][7][8] - The company is facing significant challenges in commercializing humanoid robots, similar to its competitor Yushu Technology, highlighting the industry's ongoing struggle with practical application [2][8] Group 2 - The acquisition involves Zhiyuan Hengyue, a holding platform established by Zhiyuan Robotics and its core team, which plans to acquire 37% of Upwind New Materials' shares at a price of 7.78 yuan per share [3][4] - Prior to the transaction, SWANCOR Samoa held 64.02% of Upwind New Materials, and after the completion of the share transfer, the controlling shareholder will change to Zhiyuan Hengyue, with the actual controller being CEO Deng Taihua [4][5] - Industry experts suggest that this move can be seen as a preparatory step for a backdoor listing, as Zhiyuan Robotics aims to leverage the public company to acquire its core business, thereby completing the backdoor listing process [5][6] Group 3 - The humanoid robotics sector has seen a surge of interest, with few companies listed on secondary markets, making Zhiyuan Robotics' entry into Upwind New Materials noteworthy [6][7] - The company is positioned as a leading player in the humanoid robotics market, with its latest product, Lingxi X2, showcasing advanced interaction capabilities and aiming for diverse application scenarios beyond research and education [8] - The strategic acquisition is expected to enhance Zhiyuan Robotics' supply chain efficiency by integrating upstream material resources with downstream product development, thereby improving overall business synergy [5][6]