The 519% Surge: What's Behind Swancor's Disruption of the Capital Market? Understanding Their Main Products

Recently, Zhuzhou Weina New Materials (The stock price of 688585.SH has experienced a "10 consecutive limit-ups," with a cumulative increase of over 519%, sparking heated discussions within the industry. While many are amazed by the stock's growth, they are also curious about this low-profile materials company.

What kind of company is it exactly? What are its core products? And why has it gained favor from capital? Below, Zhuan Su Shi Jie will take you on an in-depth understanding of this company.

Shangwei New MaterialsDevelopment History

The development history of Shangwei New Materials spans over thirty years, evolving from a startup in Hsinchu, Taiwan, to expanding into the mainland market, and then entering the capital market while facing changes in control.，The developmental trajectory of each stage is clearly visible. The specific process is as follows:

1992Mr. Cai Chaoyang founded Shangwei Enterprise in Hsinchu, Taiwan.，That is, the predecessor of Swancor.

1993 year… the company was officially renamed Swancor Holding Co., Ltd., in …Taiwan, ChinaEstablishing a production base in Hsinchu. Vinyl ester resin and other fields.

Year 2000CompanyResolutely decided to establish Swire in Songjiang, Shanghai.(Shanghai) Fine Chemicals Co., Ltd.，The business landscape has expanded from Taiwan to the mainland.。

2005Based on an accurate forecast of development trends in the new energy sector, Shangwei New Materials has proactively established a research and development team for wind turbine blade resin.，Enter the wind turbine blade materials market. Successfully launched wind turbine blade resin products in 2007.

2016In response to environmental protection needs, Swancor has launched a research and development project for recyclable thermosetting epoxy resin.

2017To meet development needs, Swancor Enterprises was reorganized into Swancor Advanced Materials Technology Co., Ltd., improving its governance structure and actively preparing for listing.

2020，Shangwei New Materials Successfully Listed on the Sci-Tech Innovation BoardOn its first day of listing, the stock price rose significantly. Subsequently, the company used financing to expand channels, making comprehensive efforts in research and development, production capacity, and market.

July 1, 2025Shangwei New Materials announces plans for a change in control.

On the evening of July 8th, Zhiyuan Robot plans to acquire its controlling interest through a holding platform for 2.1 billion yuan. If the transaction is successful, it will open a new chapter of development.

2. Focusing on High-Performance Materials, What Are Shangwei New Materials' Core Products?

Shangwei New Materials is primarily engaged in the research, development, production, and sales of environmentally friendly high-performance anti-corrosion materials, materials for wind turbine blades, and new composite materials. Below is a detailed introduction of the three major product lines.

Materials for wind turbine blades:Including infusion resins, hand lay-up resins, mold resins, adhesives, prepreg resins, pultrusion resins, etc., they are mainly used in the production of wind turbine blades and form the core layout of the company in the new energy sector.

Environmentally friendly high-performance corrosion-resistant materialsRepresented by vinyl ester resin and special unsaturated polyester resin.Including standard vinyl ester resin series, high-temperature resistant phenolic vinyl ester resin series, flame-retardant vinyl ester resin series, vinyl ester resin flake-filled mortar series, vinyl ester resin primer, vinyl ester resin topcoat, unsaturated polyester resin, and other materials.Widely used in chemical industry, food and pharmaceuticals, environmental protection, energy, electronics and electrical, aviation and other fields, it occupies an important market share due to its corrosion resistance and high performance.

New composite materials: SMC/BMC molding resins and low-shrinkage agents, environmentally friendly and safe materials, etc.Including epoxy resin series for prepregs, epoxy resin series for pultrusion, and epoxy resin series for petroleum pipeline repair.Used in fields such as rail transit and new energy vehicles, aligning with the green development trend.

3. Cross-Sector Integration of New Materials and Robotics: Hype or Future Trend?

On the evening of July 8, Zhiyuan Robotics plans to acquire its controlling stake through a holding platform for 2.1 billion yuan. This announcement has been a significant driver of the stock price surge and highlighted the immense potential of cross-industry integration between the materials and robotics sectors.

The collaboration between Kingfa Sci & Tech and Unitree Technology is a +Robot'sTypical cases.Special engineering plastics developed by Kingfa Technology, such asMaterials such as LCP, PEEK, and carbon fiber reinforced composites, with their excellent mechanical properties and chemical resistance, have been successfully applied to the core components of humanoid robots, providing a solid guarantee for improving the performance and stability of these robots. Additionally, Kingfa Sci & Tech indirectly holds shares in Unitree Robotics through Jinshi Growth Equity Investment (Hangzhou) Partnership (Limited Partnership).

After revisiting the acquisition of Swancor by ZY Robotics, upon the announcement, the stock price of Swancor... Rising, showing capital's attention to this cross-sector collaboration.The acquirer Zhiyuan Robotics (Shanghai Zhiyuan Xincheng Technology Co., Ltd.) was founded by former Huawei...The "prodigy" Peng Zhihui (online name "Zhihui Jun") founded the company, which focuses on the research and development of humanoid robots and embodied intelligence technology. It was established in February 2023. It is reported that Zhiyuan Robotics had produced over 1,000 robots by July 2025, demonstrating its large-scale production capability, with products sold to multiple countries and regions.

However, from a business perspective,The correlation between the two is very low, according to reports.In 2024, more than 80% of Swancor Advanced Materials' revenue came from corrosion-resistant materials and the wind power sector.。

In addition,Shangwei New Materials Indicates thatIts thermosetting resin can be used for industrial robots, but the mainstream material for humanoid robots remains thermoplastic resin, with limited current business correlation.

Thermosetting resins undergo a chemical cross-linking reaction after processing and molding, forming an insoluble and infusible rigid structure that cannot be reshaped by reheating once molded. In contrast, humanoid robots require high flexibility, lightweight components, and complex structural design (such as joints needing frequent movement and shells requiring adaptation to curved shapes), making thermoplastic resins more suitable.

Regardless of whether the current capital enthusiasm is somewhat speculative, what we look forward to even more is seeing plastic materials gain wider and deeper applications in the field of robotics.。At the same time, also looking forward to moreIntegration of multi-material enterprises and robotics enterprisesCooperate to drive the entire industry toward a broader future.

Editor: Yun Shimeng (Carrie)