Swancor Advanced Materials Co., Ltd. (688585.SH) Latest Company News

Oct 29, 2026, 11:16 UTC
Swancor Advanced Materials reported third-quarter 2026 revenue of 406 million yuan, down 18.04% year over year, and a net loss attributable to shareholders of 255 million yuan, compared with a profit of 30.6758 million yuan a year earlier; its nine-month revenue was 1.209 billion yuan and its net loss was 422 million yuan.
Source:
- finance.sina.cn
Oct 29, 2026, 10:33 UTC
Shanghai Weihai New Material reported third-quarter revenue of 1.209 billion yuan, attributable net profit from its main business of 63.5181 million yuan, up 4.91% year over year, and R&D spending of 384 million yuan, up 1,182.01%.
Source:
- finance.sina.cn
Oct 29, 2026, 10:33 UTC
Shanghai Weihai New Material said its Qiyuan Q1 and Qiyuan T1 consumer embodied-intelligence robots went on sale in September and began deliveries in October; the new business had not yet recognized revenue.
Source:
- finance.sina.cn
Oct 29, 2026, 09:36 UTC
Qiyuan Robotics and Tencent Cloud agreed to a strategic partnership to develop a cloud-edge-device collaborative consumer personal-robot solution centered on personal robots and WorkBuddy.
Source:
- finance.sina.cn
Oct 24, 2026, 03:57 UTC
Qiyuan Robotics, a subsidiary of Sunway New Materials, launched its “Physical AI Qizai Plan,” opening its robot development platform, tools and computing support to developers and soliciting embodied-intelligence skills, interaction personas and scenario proposals.
Source:
- finance.sina.cn
Oct 20, 2026, 05:06 UTC
Shangwei New Materials' wholly owned subsidiary Qiyuan Xinchang (Shanghai) Technology Co., Ltd. and other shareholders established Yuan Dong Smart (Shanghai) Technology Co., Ltd.
Source:
- finance.sina.cn
Sep 21, 2026, 02:36 UTC
Shangwei New Materials established a wholly owned technology services subsidiary, Yuanqi Hechuang (Shanghai) Technology Services Co., Ltd., in Shanghai.
Source:
- finance.sina.cn
Sep 21, 2026, 02:01 UTC
PrimeBot launched the Q1 and T1 personal robots, featuring a mass-produced quasi-direct-drive egg joint, with pre-orders opened on August 23 and shipping scheduled from October 1.
Source:
- pandaily.com
Sep 11, 2026, 11:13 UTC
Swancor Advanced Materials' Qiyuan Robotics and Feikuo Technology demonstrated a health-monitoring application for the Qiyuan Q1 robot at the 2026 Inclusion Bund Conference in Shanghai, enabling heart rate and blood oxygen measurement via handshake.
Source:
- finance.sina.cn
Sep 2, 2026, 10:53 UTC
Core technical personnel Cheng Chao resigned from Shanghai Wei New Materials for personal reasons and completed departure procedures, no longer holding any position in the company.
Source:
- finance.sina.cn
Aug 23, 2026, 02:27 UTC
Shangwei New Materials opened pre-orders for its consumer robots Qiyuan Q1 and Qiyuan T1 on August 23, with first shipments expected in September.
Source:
- finance.sina.cn
Jul 23, 2026, 01:31 UTC
Different Group and Shangwei New Materials signed a five-year strategic cooperation agreement at WAIC 2026 to jointly develop the embodied intelligent consumer ecosystem.
Source:
- aastocks.com
Jul 9, 2026, 12:01 UTC
Shang Wei New Materials' subsidiary Qiyuan Robot will open its first store in South China in Guangzhou.
Source:
- finance.sina.cn

688585.SH

Shanghai Weihai New Material reported third-quarter revenue of 1.209 billion yuan, attributable net profit from its main business of 63.5181 million yuan, up 4.91% year over year, and R&D spending of 384 million yuan, up 1,182.01%.

Shanghai Weihai New Material said its Qiyuan Q1 and Qiyuan T1 consumer embodied-intelligence robots went on sale in September and began deliveries in October; the new business had not yet recognized revenue.

Qiyuan Robotics and Tencent Cloud agreed to a strategic partnership to develop a cloud-edge-device collaborative consumer personal-robot solution centered on personal robots and WorkBuddy.

Qiyuan Robotics, a subsidiary of Sunway New Materials, launched its “Physical AI Qizai Plan,” opening its robot development platform, tools and computing support to developers and soliciting embodied-intelligence skills, interaction personas and scenario proposals.

Shangwei New Materials' wholly owned subsidiary Qiyuan Xinchang (Shanghai) Technology Co., Ltd. and other shareholders established Yuan Dong Smart (Shanghai) Technology Co., Ltd.

Shangwei New Materials established a wholly owned technology services subsidiary, Yuanqi Hechuang (Shanghai) Technology Services Co., Ltd., in Shanghai.

PrimeBot launched the Q1 and T1 personal robots, featuring a mass-produced quasi-direct-drive egg joint, with pre-orders opened on August 23 and shipping scheduled from October 1.

Swancor Advanced Materials' Qiyuan Robotics and Feikuo Technology demonstrated a health-monitoring application for the Qiyuan Q1 robot at the 2026 Inclusion Bund Conference in Shanghai, enabling heart rate and blood oxygen measurement via handshake.

Core technical personnel Cheng Chao resigned from Shanghai Wei New Materials for personal reasons and completed departure procedures, no longer holding any position in the company.

Shangwei New Materials opened pre-orders for its consumer robots Qiyuan Q1 and Qiyuan T1 on August 23, with first shipments expected in September.

Different Group and Shangwei New Materials signed a five-year strategic cooperation agreement at WAIC 2026 to jointly develop the embodied intelligent consumer ecosystem.

Shang Wei New Materials' subsidiary Qiyuan Robot will open its first store in South China in Guangzhou.