Swancor Advanced Materials (SH:688585) 证券时报·2025-08-04 15:21Core Viewpoint - The stock of Shangwei New Materials (688585) is set to resume trading after a three-day suspension for investigation, marking it as the first tenfold stock in A-shares this year [1][3]. Group 1: Stock Performance - Shangwei New Materials experienced a dramatic increase in stock price, rising 1083% from approximately 3 billion yuan to 37.1 billion yuan within 16 trading days from July 9 to July 30, 2025, with a year-to-date increase of 1282% [3][4]. - The stock's current price-to-earnings ratio stands at 418.77 times as of August 4, 2025 [6]. Group 2: Acquisition and Corporate Changes - The surge in stock price was triggered by the announcement that Zhiyuan Robotics' operating entity and core team plan to acquire at least 63.62% of Shangwei New Materials, making them the controlling shareholder [4]. - This acquisition is viewed as a landmark case for new productivity enterprises in A-shares and the first acquisition case for intelligent enterprises on the Sci-Tech Innovation Board [4]. Group 3: Financial Performance and Risks - Preliminary estimates for the first half of 2025 indicate Shangwei New Materials expects revenue of 784 million yuan, a 12.5% increase year-on-year, while net profit is projected at 29.9 million yuan, a decrease of 32.91% compared to the previous year [5]. - The decline in net profit is attributed to increased overseas shipping costs and commissions, as well as foreign exchange losses due to currency fluctuations [5]. - The company has highlighted several risks, including the lack of significant changes in its fundamentals, the absence of asset restructuring plans in the next twelve months, and the potential for stock price to deviate from current fundamentals [5][6].