Swancor Advanced Materials (SH:688585) Zhong Guo Ji Jin Bao·2025-07-30 13:01Core Viewpoint - The stock of Shangwei New Materials, which has seen a dramatic increase in price, is being suspended for review due to significant deviations from its fundamental value and multiple instances of abnormal trading fluctuations [1][6]. Group 1: Stock Performance - On July 30, Shangwei New Materials' stock price reached a record high of 99 yuan per share, closing at 92.07 yuan, with a gain of 9.37% and a total market capitalization of 37.1 billion yuan [1]. - The stock experienced a remarkable increase of 1288.09% year-to-date, making it the first "10x stock" of 2025 [6]. Group 2: Trading Anomalies - From July 9 to July 30, the stock triggered abnormal trading fluctuations seven times, leading to nine announcements regarding trading risks [5][6]. - The trading volume surged significantly, with turnover rates from July 22 to July 30 ranging from 4.80% to 9.50%, indicating a substantial increase compared to previous levels [5]. Group 3: Acquisition and Control Changes - Shangwei New Materials announced that Zhiyuan Robotics plans to acquire at least 63.62% of its shares for approximately 2.1 billion yuan, resulting in a change of control to Zhiyuan Hengyue [6]. - Zhiyuan Robotics, established in February 2023, is recognized for its advanced robotics technology and aims to integrate capital with embodied intelligence through this acquisition [7]. Group 4: Company Background - Shangwei New Materials, founded in 1992, specializes in the research, production, and sales of environmentally friendly high-performance corrosion-resistant materials and composite materials [6]. - The company went public on the Sci-Tech Innovation Board in September 2020 [6].