Swancor Advanced Materials Co Ltd

Swancor Advanced Materials released a draft 2026 equity incentive plan, proposing to grant 8.0672 million second-class restricted shares to 347 incentive recipients, representing 2 percent of the company's total share capital, at a grant price of 91.85 yuan per share. Of these, 6.4538 million shares will be granted initially, with 1.6134 million shares reserved. The performance assessment period runs from 2026 to 2028, with indicators including that revenue from new businesses launched after the company's change of control accounts for no less than 25 percent of total revenue in 2026, net growth in new business revenue of no less than 160 percent in 2027, and net growth in new business revenue of no less than 700 percent in 2028.

Shangpin Home Collection and SWANCOR have officially signed a strategic cooperation agreement. The two sides will engage in deep collaboration around SWANCOR’s globally leading consumer-grade embodied intelligence brand, Qiyuan Robot, to jointly build China’s first Robot-Ready Home ecosystem and open up a new track for physical AI embodied data. Shangpin Home Collection Group Chairman Li Lianzhu, Brand Co-General Manager Zhou Weijia, along with SWANCOR CEO Tian Hua and Global Marketing and Service President Zhang Peng, attended the signing ceremony. This cooperation marks the first full-chain, deep ecological collaboration between China’s home furnishing industry and the consumer humanoid robot sector, signaling Shangpin Home Collection’s official strategic upgrade from a traditional whole-house customization service provider to a technology-driven home furnishing and embodied intelligence scenario data enterprise. Leveraging Shangpin Home Collection’s accumulated database of over 3 million real floor plans, more than 30 million design solutions, and its self-developed 3D simulation technology, combined with Qiyuan Robot’s fully self-developed transformable humanoid robot and the ViLLA home embodied large model, the partnership will integrate the full lifecycle requirements of robot navigation, environmental perception, and task execution into the foundational design logic from the very start of whole-house design. It will also establish a comprehensive service system covering scenario construction, simulation training, and compliant dataset output, filling the gap in home training data for the industry.

Swancor Advanced Materials has established a wholly owned subsidiary named Qiyuan Xinchuang Beijing Technology Company. Its business scope covers AI hardware sales, electronic product sales, software development, AI basic resources and technology platforms, and AI public service platform technical consulting, among other AI-related activities.

SWANCOR New Materials' new CEO Tian Hua recently made his first public remarks, explaining why the company entered the personal robot sector after a change in ownership. Tian believes personal robots could become a new gateway connecting the physical world and artificial intelligence, but this is a long-term industry goal, not something achievable in the short term. He proposed a three-wave curve theory for personal robot development, noting the company is focusing on capturing the second and third curves: the content-dependent stage and the stage where functionality, emotional value, and asset value converge. SWANCOR Qiyuan has already opened offline experience stores in Shanghai, Shenzhen, Xi'an, and other cities to accelerate commercialization. Tian stressed that home scenarios must evolve gradually from simple tasks and settings, with safety as the baseline and intelligence as the ceiling. As of the close on July 3, SWANCOR New Materials' stock price stood at 173.50 yuan, up 7.11%, with a market value of nearly 70 billion yuan. Since its launch in July 2025, the stock has surged more than 21 times cumulatively.