SWANCOR NANOTECH has issued a risk warning announcement regarding trading in its shares: the company's stock price has recently surged by more than 100% cumulatively, representing an excessive short-term gain and raising the risk of overheating. As of November 6, 2026, the company's price-to-earnings (P/E) ratio stood at 1,767.36x, compared with an average trailing twelve-month P/E ratio of 19.57x for the chemical raw materials and chemical products industry over the past month—far above the industry average. On the performance front, in the first three quarters of 2026, the company reported revenue of RMB 1.209 billion, down 5.51% year on year, and a net loss attributable to shareholders of RMB 422 million, a year-on-year decline of 796.94%. In addition, the consumer-grade embodied intelligent robotics business accounts for a relatively small share of revenue, and its impact on the company's full-year 2026 revenue and profitability cannot yet be estimated.