BUZZ-China's Swancor drops after co says robotics business has not yet generated profit

Reuters2025-12-30

** Shares of China's Swancor Advanced Materials 688585.SS drop 15.1% to 112.23 yuan, on course for biggest one-day pct fall since October 13

** Producer of high-performance corrosion-resistant and wind turbine blade materials warns investors of risks after a stock price rally, saying humanoid robotics business is still in development phase and has not yet generated revenue and profit

** Co says the robotics business is not expected to have a positive impact on the 2025 annual performance

** Stock has risen more than 17 times in value so far this year, while the benchmark CSI 300 Index .CSI300 is up 17.7%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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