Zhi Hui Jun ist gestern Abend am Star Market an die Börse gegangen.

ZhiYuan Robotics has rewritten the development path and landscape of embodied intelligence overnight.

Yes, it's ZhiYuan Robotics, an embodied intelligent robot company co - founded by Peng Zhihui (also known as "ZhiHuiJun"). It has recently completed a sensational move.

The relevant entity of ZhiYuan Robotics has completed the control of Shanghai Shangwei New Materials Co., Ltd. (688585), a listed company on the Science and Technology Innovation Board (STAR Market) of the A - share market, through a two - step approach.

First, it invested 941 million yuan to acquire the equity of the core shareholders of Shanghai Shangwei New Materials. After a series of operations, it holds 29.99% of the shares.

Second, it also invested 1.16 billion yuan to acquire 37% of the shares of Shanghai Shangwei New Materials.

Since the effective declaration accounts for 33.63%, the relevant entity of ZhiYuan Robotics has achieved a 63.62% controlling stake in Shanghai Shangwei New Materials, a STAR Market company on the A - share market, with an investment of at least 2.1 billion yuan.

Before being controlled, Shanghai Shangwei New Materials was a new materials company. Its business and products were mainly involved in the wind power generation field. Although it had certain technologies, it was neither embodied nor could it be easily considered intelligent. The company had a revenue of 1.5 billion yuan and a net profit of 88.68 million yuan last year, and its latest market value is nearly 3 billion yuan.

ZhiYuan Robotics was founded less than three years ago. Relying on the fame of Peng Zhihui, the trend of embodied intelligence, and the operation of Huawei - affiliated bigwigs behind it, it has raised billions in financing, and its valuation has long exceeded 10 billion yuan.

Now, ZhiYuan Robotics has taken another astonishing move by acquiring the controlling stake in a STAR Market listed company. Without going through an IPO, it has completed a crucial step towards the public capital market.

Deng Taihua, a Huawei - affiliated bigwig behind Peng Zhihui, and the equity structure of ZhiYuan Robotics have also surfaced in this acquisition.

An Embodied Intelligent Robot Star Relying on Financing Acquires a Listed Company

On July 9th, Shanghai Shangwei New Materials Co., Ltd. (688585), a STAR Market company on the A - share market, issued multiple announcements, officially announcing the transfer of the majority shares and controlling stake.

The key points can be summarized clearly:

First, the company received a notice regarding the equity change of the controlling shareholder. The acquirer is the entity behind ZhiYuan Robotics.

Second, the relevant entity of ZhiYuan first acquired the equity of the core shareholders of Shanghai Shangwei New Materials. After the completion of the share transfer, Zhiyuan Hengyue and Zhiyuan Xinchuang Partnership will jointly hold 29.99% of the shares of the listed company and the corresponding voting rights. According to the above three share transfer agreements, the transfer price is 7.78 yuan per share, and the total transfer price is 941 million yuan.

Third, after the completion of the share transfer, the controlling shareholder of Shanghai Shangwei New Materials Technology Co., Ltd. will change from SWANCOR Samoa to Zhiyuan Hengyue, and Mr. Deng Taihua will become the actual controller of the listed company. Deng Taihua is also the actual controller, chairman, and CEO of ZhiYuan Robotics.

Fourth, according to the announcement, Zhiyuan Hengyue, an affiliated enterprise of ZhiYuan, intends to further increase its shareholding in the listed company through a partial tender offer. The number of shares to be tender - offered is 149,243,840 shares (accounting for 37.00% of the total share capital of the listed company).

At the same time, according to the relevant provisions of "Share Transfer Agreement I", SWANCOR Samoa, STRATEGIC Samoa, and Shangwei Investment Control have irrevocably promised that SWANCOR Samoa will effectively declare and pre - accept the tender offer for 135,643,860 non - restricted tradable shares (accounting for 33.63% of the total number of shares of the listed company) it holds in this tender offer.

Finally, ZhiYuan Robotics will acquire at least 63.62% of the shares of Shanghai Shangwei New Materials Technology Co., Ltd.

The relevant entity of ZhiYuan Robotics has officially obtained the actual control of Shanghai Shangwei New Materials.

It is worth noting that in this acquisition, in the announcement, ZhiYuan Robotics and Deng Taihua were publicly introduced as follows:

Mr. Deng Taihua is the actual controller of the information disclosure obligor. Currently, he serves as the chairman and CEO of Shanghai Zhiyuan Xinchuang Technology Co., Ltd. (ZhiYuan Robotics), which he founded and controls.

ZhiYuan Robotics was established in February 2023 and is committed to building leading general embodied robot products and application ecosystems. It has built a leading full - stack technology of "robot body + AI", has the ability to independently develop core components, integrate and manufacture complete machines, and independently train the large - scale embodied base model. Currently, it has three major robot families: Expedition, Spirit, and Lingxi, and its products cover various commercial scenarios such as interactive services, industrial manufacturing, commercial logistics, and scientific research and education.

Deng Taihua's resume was also announced. It turns out that he and Peng Zhihui are not only superior - subordinate colleagues during their time at Huawei but also alumni of the University of Electronic Science and Technology of China:

Mr. Deng Taihua, of Han ethnicity, was born in 1977. He is a Chinese citizen without permanent overseas residency. He graduated from the Computer Communication major of the University of Electronic Science and Technology of China. He once served as the vice - president of Huawei, the president of the Wireless Product Line, and the president of the Computing Product Line. He is a senior expert in the fields of communication and artificial intelligence. Currently, he serves as the chairman and CEO of ZhiYuan Robotics.

The co - founder of ZhiYuan Robotics, Peng Zhihui (also known as "ZhiHuiJun"), who was more well - known before, also appeared in the introduction:

Finally, in the announcement, the reason why the relevant entity of ZhiYuan Robotics acquired a listed company with little business connection was explained as follows:

The acquirer and its shareholders recognize the long - term value of the listed company and the service ability of the A - share capital market for technological innovation and industrial innovation. They intend to further strengthen their control over the listed company through this tender offer.

After the completion of this tender offer, the acquirer will, starting from the perspective of being beneficial to the sustainable development of the listed company and the rights and interests of the shareholders of the listed company, especially small and medium - sized shareholders, further give play to the advantages of technology - innovative enterprises in integrating industrial chain resources, breaking through technological bottlenecks, and accelerating industrial upgrading, improve the operation and management of the listed company, and promote the long - term and healthy development of the listed company.

This tender offer is an active offer and is not to fulfill the statutory obligation of tender offer. The purpose of this tender offer is not to delist Shanghai Shangwei New Materials.

The summary translation is also very simple:

First, it values the status and value of Shanghai Shangwei New Materials as a listed company.

Second, after the acquisition, it will further integrate resources to accelerate upgrading and make the company bigger and stronger.

Third, it will not privatize or delist the company.

Of course, for those who pay attention to Shanghai Shangwei New Materials, the acquisition by the relevant entity of ZhiYuan Robotics is both a surprise and a pleasant one.

Before being controlled, Shanghai Shangwei New Materials was a new materials company. Its business and products were mainly involved in the wind power generation field. Although it had certain technologies, it was neither embodied nor could it be easily considered intelligent. The company had a revenue of 1.5 billion yuan and a net profit of 88.68 million yuan last year, and its latest market value is nearly 3 billion yuan.

But who would have thought that a popular leading startup in the field of embodied intelligence, although its business revenue flywheel has not yet been fully demonstrated, with billions in financing based on concepts and a valuation of tens of billions, could now use the real - money financing to acquire a related listed company.

What kind of company is ZhiYuan Robotics at the core?

Peng Zhihui and the ZhiYuan Robotics He Founded

ZhiYuan Robotics was founded in 2023. Although the actual controller, Deng Taihua, "showed up late", the company's initial success was inseparable from Peng Zhihui (also known as "ZhiHuiJun"), a popular online UP master, co - founder, and current CTO.

Before founding ZhiYuan Robotics, he was already a well - known individual player in the technology circle:

His real name is Peng Zhihui. He was born in 1993 and graduated from the University of Electronic Science and Technology of China with a bachelor's and a master's degree.

Due to his love for computer science, Peng Zhihui first self - studied during his undergraduate years and then changed his major during his postgraduate studies.

The reason why he is "well - known" is partly due to his outstanding performance online.

In November 2017, he first posted self - made videos on Bilibili under the account "@ZhiHuiJun". So far, he has released 48 works in total. Each work has a very high technical threshold, such as an autonomous - driving bicycle, a robotic arm for sewing grapes, and the robot Lingxi X2 dancing the "Subject Three". These works have attracted many viewers.

Coupled with the high - quality video production and the disclosure of technical details, he became famous overnight and won the title of "Top 100 UP Masters of the Year" in 2021. So far, he has accumulated more than 2.8 million fans.

On the other hand, his job - hunting experience also adds to his reputation.

After graduating with a master's degree in 2018, Peng Zhihui joined OPPO Research Institute. Facing two job offers, one in hardware and the other in algorithms, he chose to be an AI algorithm engineer.

Two years later, he joined Huawei through the top - tier "Genius Youth" program and became an expert in Ascend AI edge computing.

The "Genius Youth" program of Huawei is one of the most well - known projects for large enterprises to recruit top - tier talents. It is said that candidates need to go through seven rounds of interviews until they face the president of Huawei. At the same time, the annual salary and total package are very attractive, starting from one million yuan.

Peng Zhihui lived up to this reputation. In 2021, just one year after joining Huawei, he was praised by Ren Zhengfei in a speech, who said that he was "the driving force for Huawei's innovation".

At the end of 2022, when ChatGPT was just emerging, the technological development behind it was like a thunderbolt to this man under 30 years old.

So, Peng Zhihui bid farewell to the Ascend Department of Huawei's Computing Product Line, where he had worked for two years, and the "Huawei Genius Youth" identity that outsiders always talked about with relish, and joined the startup army.

Later, when Peng Zhihui first communicated with QbitAI as an entrepreneur, he revealed his true feelings:

If I had chosen a little later, maybe there would be no need to start a business for this.

In February 2023, ZhiYuan Robotics was officially established.

Peng Zhihui appeared publicly as the co - founder and CTO of ZhiYuan Robotics.

The company progressed very quickly. In August of the same year, Peng Zhihui presented a well - structured prototype.

The company's first humanoid robot, Expedition A1, made its debut. It was the first to be connected to a large - scale model and could walk like a normal person on the spot.

At that time, with the help of large - scale model technology, the concept of embodied intelligence began to gain popularity. The army of humanoid robot and embodied intelligence startups was like a great flood. But after analyzing all aspects, ZhiYuan Robotics has never left the game and has always remained in the first echelon so far.

From the perspective of financing progress, it has completed multiple rounds of financing in just over two years. In May this year, the officially announced financing valuation reached 15 billion yuan.

This figure represents far more than just being a "unicorn". Comparing its 15 - billion - yuan valuation with