10倍大牛股，停牌核查

Core Viewpoint - The stock of Shangwei New Materials (688585) has been suspended for investigation due to significant trading fluctuations, with the company experiencing a remarkable increase in stock price, raising concerns about market risks and potential manipulation [1][3][4]. Group 1: Stock Trading and Suspension - Shangwei New Materials announced a suspension of trading starting July 31, 2025, due to multiple instances of abnormal trading fluctuations from July 9 to July 30, 2025 [1][3]. - The company has triggered abnormal trading alerts seven times and has issued nine risk warnings during this period, indicating severe deviations from its fundamental business situation [3][4]. - The stock price surged to 99 CNY per share on July 30, 2025, closing at 92.07 CNY, reflecting a year-to-date increase of over 1288% [4]. Group 2: Company Fundamentals and Business Operations - Despite the stock price volatility, the company stated that its fundamental business has not undergone significant changes, and there have been no major adjustments in market conditions or industry policies [4][7]. - The company specializes in the research, production, and sales of environmentally friendly high-performance corrosion-resistant materials, wind turbine blade materials, new composite materials, and circular economy materials [4][7]. Group 3: Acquisition and Control Changes - The recent surge in stock price was catalyzed by an announcement on July 8, 2025, regarding a proposed acquisition by Shanghai Zhiyuan New Technology Co., Ltd., which aims to gain control of Shangwei New Materials through a share transfer and tender offer [6][7]. - If the acquisition is successful, it will mark the first acquisition case of a physical intelligence enterprise on the Sci-Tech Innovation Board [6]. - The new controlling entity will be Shanghai Zhiyuan Hengyue Technology Partnership (Limited Partnership), with the actual controller changing to Deng Taihua and the core team including Peng Zhihui [6].