Swancor Advanced Materials (SH:688585) Jing Ji Guan Cha Wang·2025-09-26 04:26Core Viewpoint - The stock of Upwind New Materials (688585.SH) has experienced significant volatility, leading to its suspension for investigation after reaching a record high, marking it as the first "20-fold stock" of the year in the A-share market [1][2][3]. Stock Performance - Upwind New Materials' stock price surged from below 7 yuan to over 132.1 yuan, achieving an increase of nearly 1600% from July 9 to September 25 [1][2]. - The stock has been classified as the "doubling king" of the A-share market this year, with its price movements starting after the announcement of a change in control to Zhiyuan Hengyue [2][3]. Regulatory Attention - The stock has triggered multiple alerts for abnormal trading, with the Shanghai Stock Exchange monitoring it closely since July 25, leading to multiple suspensions for investigation [4][5]. Financial Performance - Despite the stock price surge, Upwind New Materials reported a 12.5% increase in revenue to 784 million yuan for the first half of 2025, while net profit decreased by 32.91% to approximately 29.9 million yuan [5][6]. - The decline in net profit is attributed to foreign exchange losses and increased costs related to overseas sales and R&D [6]. Strategic Developments - The company aims to leverage the acquisition by Zhiyuan Hengyue to enhance sustainable development and improve management, focusing on integrating resources and accelerating industrial upgrades [6].