Swancor Advanced Materials (SH:688585) 量子位·2025-07-09 01:18Core Viewpoint - Zhiyuan Robotics has significantly altered the development path and landscape of embodied intelligence through its recent acquisition of a controlling stake in the A-share Sci-Tech Innovation Board company, Shuangwei New Materials [1][2][7]. Group 1: Acquisition Details - Zhiyuan Robotics completed the acquisition in two steps, first acquiring 29.99% of Shuangwei New Materials by investing 941 million yuan [4][10]. - The second step involved an investment of 1.16 billion yuan to acquire an additional 37% stake, resulting in a total holding of 63.62% after a minimum investment of 2.1 billion yuan [5][11]. - Prior to the acquisition, Shuangwei New Materials was primarily focused on the wind power sector, with a revenue of 1.5 billion yuan and a net profit of 88.68 million yuan last year, and a market capitalization of nearly 3 billion yuan [5][23]. Group 2: Company Background - Zhiyuan Robotics, co-founded by the well-known figure "Zhihui Jun," has rapidly gained attention and achieved a valuation exceeding 10 billion yuan within three years of its establishment [6][24]. - The company focuses on developing leading general-purpose embodied robot products and applications, with a comprehensive technology stack that includes core component research and development [14][50]. - The actual control of Zhiyuan Robotics is held by Deng Taihua, a former Huawei executive, who has now become the actual controller of Shuangwei New Materials [8][51]. Group 3: Strategic Intentions - The acquisition is seen as a strategic move to leverage the long-term value of Shuangwei New Materials and enhance control over the company, aiming for sustainable development and improved management [19][21]. - Zhiyuan Robotics does not intend to privatize or delist Shuangwei New Materials, indicating a commitment to maintaining its public company status [22][20]. - The acquisition allows Zhiyuan Robotics to integrate resources and accelerate upgrades, positioning itself for growth in the embodied intelligence sector [19][62]. Group 4: Industry Context - The acquisition comes at a time when several companies in the embodied intelligence sector are announcing new financing and developments, indicating a vibrant investment landscape [57][58]. - Zhiyuan Robotics' approach of acquiring a listed company rather than pursuing an IPO is a novel strategy in the hard technology innovation space, potentially setting a new precedent for future operations [63][64].