AgiBot itself has no stock. The Shanghai humanoid maker, also known as Zhiyuan Robotics, is private and only began its Hong Kong IPO process in July 2026. But since 2025 it has controlled a listed company: Swancor Advanced Materials (688585) on Shanghai's STAR Market, a resin maker whose shares have risen more than twentyfold since the deal. Many investors searching for "AgiBot stock" end up buying Swancor without realizing that its revenue still comes from wind-blade materials. This guide separates the two. For the wider landscape, see our Tesla Optimus stocks hub and humanoid robot stocks overview.
- AgiBot: private; Hong Kong IPO process started July 2026, no listing date.
- Listed proxy: Swancor Advanced Materials, 688585 (STAR Market), at least 63.62% held by an AgiBot-led group.
- Swancor value: CNY 62.2B market cap at 154.20 yuan (Sept 18, 2026), versus a 7.78-yuan deal price.
- AgiBot valuation: ~RMB 50B in a round reported as nearly closed (Oct 2026).
- Scale: 2025 revenue RMB 1.05B; ~RMB 2B in H1 2026; 20,000th robot in Sept 2026.
Is There an AgiBot Stock?
Not directly. AgiBot was founded in 2023 by a team including former Huawei engineer Peng Zhihui and has raised money only privately, with strategic backers that include South Korea's LG Electronics and Mirae Asset, which invested in 2025 according to Yicai. What you can buy is a listed company AgiBot controls, plus a handful of funds and partners with indirect exposure.
The Swancor Route: 688585
On July 8, 2025, an AgiBot-led consortium announced a deal to take control of Swancor, a Shanghai maker of wind-turbine blade resins and composites. The terms, as reported by Yicai:
| Deal term | Detail |
|---|---|
| Direct share purchase | 29.99% of Swancor |
| Tender offer | About 37% more |
| Minimum final stake | 63.62% |
| Price | CNY 7.78 per share (the July 2 close) |
| Total cost | Up to CNY 2.1 billion (~$290 million) |
| First reaction | +20% limit-up to CNY 9.34 on July 9, 2025 |
An AgiBot co-founder later became Swancor's chairman. AgiBot has denied that it plans to inject its own business into Swancor as a backdoor listing, as TechNode reported, and its separate Hong Kong IPO plan is consistent with that.
- Jul 2, 2025Swancor closes at CNY 7.78 before a trading halt.
- Dec 31, 2025Market cap CNY 51.38 billion, up from CNY 2.69 billion a year earlier (StockAnalysis).
- Aug 17, 2026Close of CNY 171.38, market cap about CNY 69.1 billion, roughly 22 times the July 2025 level.
- Sept 18, 2026Close of CNY 154.20, market cap CNY 62.2 billion (latest figure we could verify; check a live quote).
What Swancor Actually Earns
Swancor's first-half 2026 report, covered by Yicai on August 17, shows a materials company spending heavily on robots:
The company said its robot business was still at the R&D and validation stage, so all revenue and profit came from resins and composites. Its equity incentive plan targets at least a sevenfold increase in robot revenue in 2028 versus 2026, with no profit condition. R&D jumped to 22% of revenue from about 3%.
Valuation check (our estimate): at CNY 62.2 billion, Swancor trades at roughly 39 times annualized first-half revenue and above the ~RMB 50 billion reportedly being put on all of AgiBot, even though AgiBot owns only about two-thirds of it. The market is pricing Swancor as an AgiBot option, not on its own earnings.
AgiBot's Hong Kong IPO: Where It Stands
- Oct 2025Reuters reports AgiBot plans a Hong Kong IPO in 2026.
- Jul 2026AgiBot formally starts the Hong Kong IPO process, first reported by Securities Times (TechNode).
- Oct 14, 2026Caijing reports AgiBot is close to a RMB 1 billion to 1.5 billion round at about RMB 50 billion, which could push the IPO beyond the end of 2026 due to a 120-day gap rule (TechNode). AgiBot declined to comment.
A Hong Kong listing would give foreign investors much easier access than the STAR Market, much like UBTech (9880.HK). Until a prospectus is published, valuation and timing remain unconfirmed.
AgiBot by the Numbers
| Metric | Figure | Source |
|---|---|---|
| 2025 revenue | RMB 1.05 billion | Caijing via TechNode |
| H1 2026 revenue | Nearly RMB 2 billion | Gasgoo (Oct 30, 2026) |
| H1 2026 humanoid shipments | 8,600+ units, ranked No. 1 globally | IDC |
| Cumulative production | 10,000th unit March 2026; 20,000th September 2026 | AgiBot, Gasgoo |
| Profitability | Not disclosed | n/a |
Those volumes make AgiBot the shipment leader, ahead of Unitree, which reported 2025 revenue of about 1.7 billion yuan. Deployments span factory lines, hotels, retail and tourism venues. Compared with Tesla's Optimus, which is still ramping (see our Optimus production timeline), AgiBot is selling at scale today, mostly in China.
How Foreign Investors Can Get Exposure
- Swancor (688585): a STAR Market A-share. Most foreign retail investors cannot buy it in a normal brokerage account; access usually runs through QFII channels or Stock Connect eligibility, which changes with index inclusion. Ask your broker.
- LG Electronics (066570, Korea Exchange): a strategic investor in AgiBot; the stake is immaterial to LG's value.
- ETFs: humanoid funds mostly hold Unitree, UBTech and component makers rather than Swancor; check current holdings in our humanoid robot ETF comparison.
- Wait for the Hong Kong IPO: the cleanest route if it happens.
Investors who want China's humanoid supply chain rather than a single maker can look at the listed actuator and reducer names in our Optimus suppliers guide.
Risks
- Shell premium: Swancor's price rests on AgiBot sentiment, not on its loss-making materials business.
- No backdoor listing promised: AgiBot has said it is not injecting its business into Swancor, so holders may never own AgiBot's robots directly.
- IPO dilution and timing: a Hong Kong listing could pull attention and capital away from Swancor.
- Geopolitics: US restrictions on Chinese robots and export controls on AI chips.
- Volatility: STAR shares can move 20% a day.
This article is for information only and is not investment advice.
FAQ: AgiBot Stock
Is AgiBot a publicly traded company?
No. AgiBot (Zhiyuan Robotics) is private as of November 10, 2026. It started preparing a Hong Kong IPO in July 2026 but has not listed. It does control Swancor Advanced Materials, which trades on Shanghai's STAR Market under 688585.
What is the AgiBot stock ticker?
AgiBot has no ticker of its own. The listed company it controls is Swancor Advanced Materials (688585.SS). If AgiBot completes its Hong Kong IPO, it would receive a new HKEX code.
Is Swancor the same as AgiBot?
No. A consortium led by AgiBot bought at least 63.62% of Swancor in 2025, but Swancor remains a separate company whose revenue in the first half of 2026 still came entirely from resins and composite materials. AgiBot has denied plans to use Swancor for a backdoor listing.
When is the AgiBot IPO?
There is no confirmed date. AgiBot began the Hong Kong IPO process in July 2026. In October 2026 Caijing reported that a new funding round could push the listing beyond the end of 2026 because of a required gap between pre-IPO financing and listing.
How much is AgiBot worth?
Investors cited by Caijing in October 2026 said AgiBot was close to a funding round at a valuation of about RMB 50 billion (roughly $7 billion). AgiBot declined to comment.
The Bottom Line
There is no AgiBot stock yet. The only listed vehicle is Swancor (688585), which an AgiBot-led group bought at 7.78 yuan a share and which traded around 154 yuan in September 2026, a valuation above what AgiBot itself is reportedly raising at, while its robot business has no revenue yet. AgiBot leads global humanoid shipments, with about RMB 2 billion in first-half revenue, but the real investable event is its Hong Kong IPO, which may slip into 2027. We will update this page when a prospectus appears.
Sources: Yicai (Jul 9, 2025; Aug 17, 2026), TechNode/Caijing (Oct 14, 2026), TechNode (Jul 10, 2025; Jul 27, 2026), Gasgoo (Oct 30, 2026), StockAnalysis (Sept 18, 2026), IDC, Reuters. Not investment advice. Last fact-check: November 10, 2026.
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