Swancor Advanced Materials (SH:688585) 证券时报·2025-10-10 15:00Core Viewpoint - The company, Shangwei New Materials (688585), will resume trading on October 13, 2025, after a suspension due to unusual trading fluctuations. The company has confirmed that there are no immediate plans for asset sales or mergers involving its controlling shareholder, Deng Taihua, and related entities [2][4]. Summary by Sections Company Announcement - Shangwei New Materials announced the resumption of its stock trading on October 13, 2025, after being suspended for unusual trading activity [2]. - The company has addressed media discussions regarding asset integration with its controlling shareholder and confirmed that there are no plans for asset sales or mergers in the next 12 months [4]. Financial Performance - For the first half of 2025, the company reported a revenue of 784 million yuan, an increase of 12.50% year-on-year. However, the net profit attributable to shareholders was 29.90 million yuan, a decrease of 32.91% compared to the previous year [4]. - The decrease in net profit is attributed to foreign exchange losses from overseas accounts receivable, increased overseas sales costs, and higher research and testing expenses [4]. Market Activity - The company's stock has experienced significant volatility, with a year-to-date increase of nearly 1900%, currently priced at 132.10 yuan per share, resulting in a market capitalization exceeding 50 billion yuan [7]. - The stock has triggered unusual trading alerts multiple times, with the Shanghai Stock Exchange monitoring the situation closely [6].