Swancor Advanced Materials (SH:688585) Mei Ri Jing Ji Xin Wen·2025-08-06 02:21Core Viewpoint - The stock price of Aowei New Materials experienced significant volatility, with a notable drop of 16.73% at the opening on August 6, 2023, following multiple warnings from the Shanghai Stock Exchange regarding abnormal trading behavior and risks associated with the stock [2][3]. Group 1: Stock Performance - On August 5, Aowei New Materials' stock price surged to a "20CM" limit up, closing at a price above 110 yuan, resulting in a market capitalization of 446 billion yuan, compared to a price of 7.78 yuan and a market cap of 31 billion yuan before the rally [4]. - The stock has seen a cumulative increase of 1320.05% from July 9 to August 5, 2025, with multiple instances of abnormal trading fluctuations [2][4]. - The trading volume on August 5 reached 23.19 billion yuan, indicating significant trading activity despite the risks highlighted by the exchange [3]. Group 2: Company Background - Aowei New Materials is a major supplier of environmentally friendly corrosion-resistant resins, with its business covering high-performance corrosion-resistant materials, materials for wind turbine blades, new composite materials, and circular economy materials [4]. - The company has had unstable operating performance since its listing in 2020 and was previously considered a niche player in the chemical industry [4]. - On July 8, 2023, Aowei New Materials announced that Zhiyuan Robotics acquired at least 63.62% of its shares through a combination of agreement transfer and tender offer, marking a significant acquisition in the A-share market [4][5].