Swancor Advanced Materials (SH:688585) Sou Hu Cai Jing·2025-07-10 00:49Group 1 - A B+ round unicorn, Zhiyuan Robotics, has acquired at least 63.62% of the shares of the listed company, Shuangwei New Materials [1][7] - The acquisition involves a total expenditure of 2.1 billion yuan, with a share transfer price of 7.78 yuan per share [4][7] - The acquisition is a significant case following the implementation of the new "National Nine Articles" and "Merger Six Articles" policies, marking the first acquisition by an embodied intelligence enterprise in the Sci-Tech Innovation Board [5][8] Group 2 - The acquisition is structured in two phases: the first phase involves an investment of 941 million yuan to acquire 29.99% of the shares, while the second phase involves a partial tender offer to acquire an additional 37% for 1.16 billion yuan [5][6] - After the completion of the acquisition, the controlling shareholder of Shuangwei New Materials will change to Zhiyuan Hengyue, with the actual controller being Deng Taihua and the core team including the well-known tech blogger, Zhihui Jun [2][7] Group 3 - Shuangwei New Materials, established in 2000, specializes in the research, production, and sales of high-performance composite materials, primarily used in wind turbine blade manufacturing [8] - In 2023, Shuangwei New Materials achieved a revenue of 1.5 billion yuan and a net profit of 88.68 million yuan [8] - Despite its strong technical capabilities, Shuangwei New Materials' business does not have a direct connection to "embodied intelligence" [9] Group 4 - Following the announcement of the acquisition, the market reacted positively, with Shuangwei New Materials' stock price hitting the daily limit [10] - Zhiyuan Robotics, founded in February 2023, aims to create a general-purpose embodied robot product and application ecosystem, with a full-stack technology system [13] - Zhiyuan Robotics has reached a valuation of 15 billion yuan, making it the highest-valued startup in the embodied intelligence sector [15]