Swancor Advanced Materials (SH:688585) Hua Xia Shi Bao·2025-09-26 00:32Core Viewpoint - The stock of Shangwei New Materials (688585) has experienced significant volatility, leading to its suspension from trading starting September 26, 2025, due to multiple instances of abnormal trading fluctuations and consecutive trading limits [2][3][5]. Group 1: Stock Performance and Trading Activity - Since July 9, 2025, the stock has been suspended for the second time following a change in control announcement [3]. - The stock price surged by 20% on September 25, 2025, closing at 132.1 yuan per share, marking a cumulative increase of over 1800% year-to-date [3][5]. - The stock has triggered abnormal trading alerts 15 times since July 9, 2025, with 8 instances of abnormal fluctuations and 7 instances of severe fluctuations [5][7]. Group 2: Control Change and Future Plans - The change in control occurred when the company announced its intention to transfer ownership to Shanghai Zhiyuan Hengyue Technology Partnership, which is associated with Zhiyuan Robotics [5][10]. - The company confirmed that there are no plans for asset restructuring in the next 12 months, and no intentions for mergers or acquisitions involving its assets [10].