Swancor Advanced Materials (SH:688585) Zheng Quan Shi Bao·2025-11-11 23:49Group 1: Industry Development - The recycling non-ferrous metal industry in China is experiencing rapid growth, with production expected to exceed 20 million tons by the end of 2025, marking a significant increase from 14.5 million tons at the end of the 13th Five-Year Plan [6] - From 2021 to 2024, China's recycled non-ferrous metal production is projected to reach 69.3 million tons, accounting for one-quarter of the total production of ten commonly used non-ferrous metals in the country and one-third of the global recycled non-ferrous metal output [6] - The industry has saved 3.6 billion tons of mineral resources and reduced carbon dioxide emissions by 560 million tons over the past four years [6] Group 2: Company Performance - On November 11, 2025, the stock price of Shangwei New Materials surged to the daily limit, with a cumulative increase of 1573.52% from July 9, 2025, to November 11, 2025, significantly outperforming relevant indices [4] - Shangwei New Materials has indicated that its embodied intelligent robot business has not yet generated revenue or profit, and it is not expected to positively impact the company's performance for the fiscal year 2025 [4] - The company has experienced multiple instances of stock trading anomalies, indicating that its stock price has deviated significantly from its current fundamentals, posing a risk of rapid decline [4] Group 3: Market Trends - CITIC Construction Investment has forecasted a bull market for resource products due to supply constraints, with a strong outlook for the non-ferrous metal sector in 2024 and 2025 [7] - The current bull market is characterized by strong demand driven by new productive forces, with AI and robotics materials expected to enter a strong growth cycle [7] - In November, the average stock price increase for non-ferrous metal companies in A-shares was 0.48%, with several stocks, including Shenzhen New Star and Guocheng Mining, seeing increases of over 20% [8]