Swancor Advanced Materials (SH:688585) IPO早知道·2025-07-09 04:03Group 1 - The core viewpoint of the article is that the acquisition of Upwind New Materials by Zhiyuan Robotics marks a significant milestone as the first acquisition case of embodied intelligence companies on the Sci-Tech Innovation Board, potentially becoming a landmark case for new productivity enterprises in the A-share market since the implementation of the "National Nine Articles" and "Merger Six Articles" [2] - Zhiyuan Robotics, established in 2023, aims to create leading general-purpose embodied robot products and applications, having developed a full-stack technology for robots that includes core component self-research and complete machine integration and manufacturing capabilities [3][4] - The company has launched the "Nezha" robot Lingxi X2-N, which features a dual-mode design allowing it to switch between wheeled and legged forms, enhancing its mobility and adaptability in various terrains [3] Group 2 - Zhiyuan Robotics' A2 humanoid robot has received multiple certifications, including CR, CE-MD, CE-RED, and FCC, making it the first humanoid robot globally to achieve certifications in China, the US, and Europe [4] - The company has introduced its first general-purpose embodied base large model, Genie Operator-1, indicating a shift from task-specific tools to autonomous entities with general intelligence capabilities across various sectors [4] - Zhiyuan Robotics has attracted investments from notable institutions and companies, including Hillhouse Capital, Tencent, and BYD, with Hillhouse having invested since the seed round in late 2022 and continuing to support the company in various strategic areas [4][5]