Swancor Advanced Materials

A STAR Market materials company now controlled by AgiBot, which has pivoted it into consumer robots.

Swancor Advanced Materials traces back to Swancor Fine Chemical, founded in 2000 and headquartered in Shanghai; it listed on the Shanghai STAR Market in 2020 (ticker 688585), originally making environmentally friendly, new-energy materials such as resins for wind-turbine blades. In July 2025, AgiBot announced it was taking control through a combination of a negotiated share transfer and a tender offer, ultimately holding about 63.62% of the company; AgiBot co-founder Zhihui Peng (known online as “Zhihuijun”) became chairman. The market initially read this as AgiBot pursuing a backdoor listing, though AgiBot said it had no such plan within three years. Since then, Swancor has independently built consumer- and home-facing robots under the “Swancor Qiyuan” brand, kept separate from AgiBot's commercial and industrial robots. Per its 2026 interim report, it had launched two products, the Qiyuan Q1 and T1, with RMB 210 million in advance customer payments; first-half revenue was RMB 803 million, with a net loss attributable to the parent of RMB 167 million due to robotics R&D spending.

ExampleIn August 2026, Qiyuan Robotics opened pre-orders, reportedly priced around RMB 20,000, aimed at home users.

Also called

Swancor Qiyuan

Related

AgiBot · Backdoor Listing · STAR Market · Humanoid Robot Concept Stocks · Consumer-Grade Robot

Sources

智元机器人拟收购上纬新材63.62%股份（华尔街见闻） (Chinese)
从「智元资本壳」到启元机器人，上纬新材惊险一跃（界面新闻） (Chinese)
启元机器人开启预订 个人机器人叩开家庭新消费大门（科技日报，2026-08-23） (Chinese)

As of

2026-08