[Shangwei New Materials’ R&D investment surged 11.8 times and main business profits increased by 4.91%] On October 29, Shanwei New Materials (688585.SH) announced on October 29 that the company’s revenue in the first three quarters was 1.209 billion yuan, and its main business net profit attributable to the parent company was 63.5181 million yuan, a year-on-year increase of 4.91%. R&D investment was 384 million yuan, a year-on-year increase of 1182.01%, of which 360 million yuan was invested in robot business R&D. During the reporting period, the company's consumer-grade embodied intelligent robot business made key progress. Qiyuan Q1 and Qiyuan T1 robots were launched in September and will be delivered from October. No revenue has yet been recognized from the new business.