Shangwei New Materials Posts Loss, Bets on Robot Business Growth

Shangwei New Materials (688585.SH), a stock that has surged over 30-fold in recent market rallies with a total market value approaching 70 billion yuan, released its 2026 semi-annual report. In stark contrast to its soaring share price, the company's first-half performance turned from profit to loss, with net losses in the second quarter expanding significantly quarter-on-quarter.