2 1 Shi Ji Jing Ji Bao Dao·2025-11-10 04:32Group 1 - The core point of the news is that Zhiyuan Robotics has completed its share reform, which has attracted significant market attention and raised speculation about its potential IPO [1] - Zhiyuan Innovation (Shanghai) Technology Co., Ltd. has changed its name to Zhiyuan Innovation (Shanghai) Technology Co., Ltd. and transformed from a limited liability company to a joint-stock company, indicating a step towards potential public listing [1] - The company was established in February 2023 with a registered capital of approximately 826.4 million RMB, focusing on the research and development of intelligent robots and related sales [1] Group 2 - There have been multiple rumors regarding Zhiyuan Robotics' plans for a backdoor listing or an IPO in Hong Kong, although the company has denied having any clear plans for such actions [1] - On July 10, it was reported that Zhiyuan Robotics planned to acquire at least 63.62% of the shares of Upwind New Materials, which led to a significant increase in Upwind's stock price [1] - Upwind New Materials issued a risk warning regarding its stock price, which had surged by 1229.95% from July 9, 2025, to November 6, 2025, significantly outpacing relevant indices [2]