Swancor Advanced Materials (SH:688585) 3 6 Ke·2025-11-12 01:41Core Viewpoint - The company is expanding into the field of embodied intelligence with the development of humanoid robots, which may lead to potential competition with its affiliate, Zhiyuan Robot, under the same actual controller, Deng Taihua [4][6][9]. Group 1: Company Developments - The WeChat account "Zhiyuan Shangwei" published images of a humanoid robot, indicating a height of 1.88 meters, suggesting the launch of a full-sized humanoid robot [2]. - The company, Shangwei New Materials, is independently pursuing the embodied intelligence business, separate from Zhiyuan Robot, which is also controlled by Deng Taihua [4][6]. - Deng Taihua, a seasoned expert in communication and artificial intelligence, is the actual controller of both companies and has committed to maintaining the independence of Shangwei New Materials to avoid significant adverse impacts from potential competition [6][9]. Group 2: Competition Concerns - Legal opinions suggest that having the same actual controller does not automatically imply direct competition; the nature of the business and operational independence must be considered [5][7]. - Shangwei New Materials has stated that it will operate independently in the embodied intelligence sector, ensuring that its business applications differ from those of its affiliate to avoid substantial adverse impacts [8][9]. - The company has confirmed that it does not have any immediate plans for asset sales or mergers that could affect its operational independence [7][9]. Group 3: Financial Performance - As of November 11, the stock price of Shangwei New Materials has increased by 1573.52% since July 9, 2025, significantly outperforming related indices, but this rapid increase poses a risk of a swift decline [9]. - The company's new embodied intelligence robot business is still in the product development stage and has not yet achieved mass production or revenue generation, indicating that it will not positively impact the company's performance in 2025 [9]. - The core 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 [9].