SWANCOR Advanced Materials reports RMB 1.209 billion revenue for first three quarters, RMB 360 million R&D investment in robotics business

SWANCOR Advanced Materials has released its third-quarter report, with revenue of RMB 1.209 billion for the first three quarters and net profit attributable to shareholders of RMB 63.5181 million, up 4.91% year on year. R&D investment in its consumer-grade embodied intelligent robotics business reached RMB 360 million. As of the end of the reporting period, the robotics R&D team had 295 people and had filed 135 patent applications in total, but the consumer-grade embodied intelligent robotics business recognized no revenue during the reporting period. The company also announced executive changes: Zhao Gang as President and COO, Gao Quanzhong and Liu Dongfang as Co-Presidents, and Dong Hao as Chief Scientist and President of the Embodied Research Center.