The 20x bull stock Swancor Advanced Materials announced on the evening of October 10th the results of its trading suspension review, stating it will resume trading on Monday (October 13th).
Previously, Zhiyuan Robotics' acquisition of Swancor Advanced Materials shares was viewed by the market as potential "asset integration." In this announcement, Swancor Advanced Materials reiterated that the acquirer has no asset restructuring plans within the next twelve months. Within the next 36 months, Zhiyuan Innovation has no plans or arrangements for backdoor listing through the listed company.
Additionally, market rumors yesterday claimed that Zhiyuan Robotics plans to list in Hong Kong next year, having hired China International Capital Corporation, CITIC Securities, and Morgan Stanley to handle its stock issuance, targeting a valuation of $5.1 to $6.4 billion. On October 11th, relevant personnel from Zhiyuan Robotics clarified to reporters that this information is false.
**Zhiyuan's Entry Triggers Consecutive Limit-Ups**
On July 8th, Swancor Advanced Materials issued three share transfer agreements and equity tender offer reports in one go.
Specifically, Zhiyuan Hengyue plans to acquire 101 million shares held by controlling shareholder SWANCOR Samoa through agreement transfer, representing 24.99% of the company's total share capital. Zhiyuan Xinchuo Partnership plans to acquire 2.4009 million shares from SWANCOR Samoa and 17.7673 million shares from Goldwind Investment Holdings through agreement transfer, totaling approximately 5% of the company's total share capital.
After completion of this share transfer, Zhiyuan Hengyue and Zhiyuan Xinchuo Partnership will collectively own 29.99% of the listed company's shares and corresponding voting rights. The controlling shareholder will change from SWANCOR Samoa to Zhiyuan Hengyue, with Deng Taihua becoming the actual controller of the listed company.
Zhiyuan Hengyue is a shareholding platform jointly established by Shanghai Zhiyuan Xinchuo Technology Co., Ltd., an affiliated company of Zhiyuan Robotics, and its core team. Zhiyuan Xinchuo Partnership refers to Shanghai Zhiyuan Xinchuo Technology Equipment Partnership (Limited Partnership), which is also a party acting in concert with Zhiyuan Hengyue.
Following the announcement, Swancor Advanced Materials began a consecutive limit-up streak. As of October 10th, its closing price was 132.10 yuan per share, with a latest P/E ratio of 600.85 times and latest rolling P/E ratio of 719.93 times according to CSI Index Co., Ltd. The average rolling P/E ratio for the chemical raw materials and chemical products industry over the recent month was 26.96 times, significantly above the industry average.
On September 24th, Swancor Advanced Materials officially published its "Tender Offer Report," with Zhiyuan Robotics and Zhiyuan Hengyue planning to tender for 149 million shares of Swancor Advanced Materials at 7.78 yuan per share (representing 37.00% of the listed company's total share capital).
On the evening of September 25th, Swancor Advanced Materials announced a trading suspension for review starting September 26th due to multiple instances of abnormal and severely abnormal trading fluctuations since July, consecutive limit-ups over the recent two trading days, and market discussions and reports about Zhiyuan asset integration, until yesterday's announcement of resumption.
**Continuous Industrial Orders**
Regarding the other protagonist, Zhiyuan Robotics, its commercialization process has significantly accelerated this year.
At Zhiyuan Robotics' first partner conference on August 21st, it was revealed that the company has focused on eight major scenarios: explanatory reception, cultural entertainment performances, industrial manufacturing, logistics sorting, security patrol, commercial cleaning, data collection and training, and scientific research and education, launching customized solutions and achieving large-scale applications across multiple industries.
Deng Taihua, Chairman and CEO of Zhiyuan Robotics, predicted that "2025 will mark the inflection point for commercial development of embodied intelligent robots, ultimately becoming the 'next-generation mass intelligent terminal' after smartphones and automobiles."
Regarding robot sales volumes, Deng Taihua disclosed that several thousand units are expected to ship this year, with tens of thousands next year, hoping to reach hundreds of thousands annually in the coming years.
Industry insiders generally believe Zhiyuan Robotics adopts a "Huawei ecosystem approach," growing rapidly through joint ventures, investments, and partnerships binding upstream and downstream players. For example, in the first half of the year, Dafeng Industrial and JEP Intelligent successively announced partnerships with Zhiyuan Robotics to establish joint ventures.
On August 11th, Zhiyuan Robotics revealed through its official WeChat account that it had reached a tens of millions yuan project cooperation with Fulin Precision Engineering, with nearly 100 Expedition A2-W units to be deployed at Fulin's factories, marking the first large-scale commercial contract for embodied robots in China's industrial sector.
On October 9th, Zhiyuan Robotics officially announced a partnership with Longcheer Technology, a leading global intelligent product ODM company. The two parties have engaged in deep strategic cooperation for embodied intelligent robot applications in industrial scenarios, with Longcheer placing framework orders worth hundreds of millions yuan for Zhiyuan Genie G2 robots.
According to reports, the cooperation between Zhiyuan and Longcheer will deploy nearly 1,000 robots, representing one of the largest orders in China's industrial embodied intelligent robot sector, marking the entry of industrial-grade embodied intelligence into core consumer electronics precision manufacturing scenarios.
Specifically, Zhiyuan Genie G2 will initially focus on tablet production lines, achieving batch deployment of embodied intelligent robots in consumer electronics assembly and manufacturing scenarios. Genie G2 will leverage AI interaction and coordination capabilities in flexible grasping, multi-station collaboration, and production line data integration.
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