Swancor Advanced Materials (SH:688585) Di Yi Cai Jing·2025-10-10 12:52Core Viewpoint - The company, Shangwei New Materials, announced the completion of its investigation into abnormal stock trading fluctuations and will resume trading on October 13, 2025, after a suspension that began on September 26, 2025 [1][2]. Group 1: Company Investigation and Findings - The company has noted media discussions regarding asset integration involving its actual controller, Deng Taihua, and Zhiyuan Innovation (Shanghai) Technology Co., Ltd. [3] - The company confirmed that the acquiring party, Zhiyuan Hengyue, and its affiliates do not have any clear plans for asset sales, mergers, or partnerships involving the listed company or its subsidiaries within the next 12 months [3]. - The company's main business remains focused on the research, production, and sales of environmentally friendly high-performance corrosion-resistant materials, wind turbine blade materials, new composite materials, and circular economy materials, with no significant changes reported [3]. Group 2: Stock Performance and Market Context - As of October 10, 2025, the external circulation of the company's shares is relatively small, with major shareholders holding approximately 84% of the A-shares, leaving only about 16% for external circulation [4]. - Prior to the suspension, the company's stock price had surged, reaching a limit increase on September 25, 2025, with a year-to-date increase exceeding 1800% [4]. - The stock's performance metrics include a year-to-date increase of 1891.60%, with an annualized return of 6129.87%, and a maximum drawdown of -35.64% [5].