Core Viewpoint - The China Securities Regulatory Commission (CSRC) has launched an investigation into Tianpu Co., Ltd. due to abnormal stock price fluctuations, raising concerns in the market [2]. Group 1: Company Background - Tianpu Co., Ltd. is primarily engaged in the production of automotive rubber hoses and has recently gained significant attention in the market [4]. - The company experienced a dramatic stock price increase of 1663.20% within a year, making it the second-best performing stock of the year [4]. - The surge in stock price was largely attributed to the acquisition by Zhonghao Xinying Technology Co., an AI chip design firm founded by a former Google engineer [4]. Group 2: Stock Performance and Market Reaction - As of December 31, prior to suspension, Tianpu's stock price reached 218.02 CNY per share, with its market capitalization soaring from under 4 billion CNY to 29.232 billion CNY [5]. - The stock price experienced consecutive trading days of limit-up increases on December 29 and 30, driven by news of the establishment of a chip design subsidiary [8]. Group 3: Regulatory Actions and Concerns - The Shanghai Stock Exchange issued a regulatory warning to Tianpu Co. for inaccurate and incomplete information disclosure, as well as insufficient risk warnings [6]. - The CSRC's investigation focuses on the company's failure to adequately disclose its lack of plans for AI-related business, which may have misled investors during the stock price fluctuations [9].

据悉，上交所也已启动对相关事项的违规处理程序，将依法依规予以处理。 中经记者 孙汝祥 夏欣 北京报道 2016年1月9日晚，证监会披露，近期，天普股份（605255.SH）股票价格异常波动，市场高度关注。近 日，证监会已对天普股份股票交易异常波动公告涉嫌重大遗漏立案调查。 下一步，证监会将在全面调查的基础上依法处理，切实维护市场健康稳定发展。 （编辑：罗辑 审核：夏欣 校对：颜京宁） ...

【导读】16倍大牛股天普股份暴雷 中国基金报记者 泰勒 兄弟姐妹们啊，16倍大牛股出大事了，刚刚证监会宣布立案调查。 证监会对天普股份立案调查 收购方中昊芯英则是一家AI芯片设计企业，由曾任谷歌主任工程师的"80后"杨龚轶凡创办。该公司自称是国内唯一掌握高性能TPU架 构AI专用算力芯片研发技术并实现量产的企业。 随后在2025年12月底，由于要约收购公司股份交割完成，上市公司设立芯片设计子公司等消息刺激，再度股价大涨。 1月9日晚间，证监会突然发布公告称，近期，宁波市天普橡胶科技股份有限公司（以下简称天普股份）股票价格异常波动，市场高度 关注。"近日，我会已对天普股份股票交易异常波动公告涉嫌重大遗漏立案调查。下一步，我会将在全面调查的基础上依法处理，切 实维护市场健康稳定发展。" 16倍大牛股为何被查？ 天普股份是近期市场上的热门股之一， 天普股份原本是一家 主营汽车橡胶管路的公司，去年 8月21日 天普股份 公告， 中昊芯英 （杭州）科技有限公司 拟入主公司，自此开启本轮股价上涨。2025年内大涨1663.20%，成为年度涨幅榜上的"第二大牛股"。 截至12月31日停牌前，股价已经涨至218.02元/股， ...

Group 1 - The China Securities Regulatory Commission (CSRC) announced an investigation into Ningbo Tianpu Rubber Technology Co., Ltd. (Tianpu Shares) due to abnormal stock price fluctuations and potential significant omissions in disclosures [1] - Tianpu Shares, primarily engaged in automotive rubber tubing manufacturing, saw its stock price rise dramatically from less than 4 billion yuan to 29.232 billion yuan, marking a 718.39% increase from August 22 to December 31, 2025, and a total annual increase of 1663.2% [3] - The company received a regulatory warning from the Shanghai Stock Exchange on January 5, 2026, for inaccurate and incomplete information disclosure, leading to accountability for the acting chairman and the secretary [5] Group 2 - The acquirer, Zhonghao Xinying, is an AI chip design company founded by Yang Gongyifan, a former Google senior engineer, claiming to be the only domestic enterprise capable of developing and mass-producing high-performance TPU architecture AI chips [6] - The acquisition and the background of the acquirer have generated significant market interest, with Tianpu Shares being perceived as linked to the "artificial intelligence chip" concept, resulting in a 15 consecutive trading day increase in stock price in 2025 [6] - Following the completion of the share acquisition and the establishment of a chip design subsidiary, Tianpu Shares experienced another surge in stock price at the end of December 2025 [6]

Group 1 - The core viewpoint of the article highlights the abnormal stock price fluctuations of Ningbo Tianpu Rubber Technology Co., Ltd. (Tianpu Co.), which has attracted significant market attention and led to an investigation by the China Securities Regulatory Commission (CSRC) for potential major omissions in the trading announcements [1] - Tianpu Co.'s stock price has shown unusual activity since the second half of 2025, with a remarkable increase of over 16 times last year, and the stock is currently suspended with the latest price reported at 218.02 yuan [2][3] - The total market capitalization of Tianpu Co. is approximately 29.2 billion yuan, with a trading volume of 1,228.19 million and a turnover rate of 0% [3]

近期，宁波市天普橡胶科技股份有限公司（简称天普股份）股票价格异常波动， 市场高度关注。近日，我会已对天普股份股票交易异常波动公告涉嫌重大遗漏立案调 查。下一步，我会将在全面调查的基础上依法处理，切实维护市场健康稳定发展。 ...

Core Viewpoint - The Shanghai Stock Exchange issued a regulatory warning to Ningbo Tianpu Rubber Technology Co., Ltd. (Tianpu) and its responsible persons due to irregular stock price fluctuations and inadequate disclosure of information regarding its business operations [3][4]. Group 1: Regulatory Actions - The Shanghai Stock Exchange found that Tianpu's stock price experienced a consecutive two-day limit-up on December 29 and 30, 2025, triggering abnormal fluctuation standards [3]. - Tianpu established a wholly-owned subsidiary, Hangzhou Tianpu Xincai Technology Co., Ltd., on December 26, 2025, with a business scope that included artificial intelligence-related services, which led to market speculation [3][4]. - The company later changed the subsidiary's business scope to rubber product manufacturing and automotive parts, raising concerns about the timing and transparency of these changes [3][4]. Group 2: Financial Performance - For the first three quarters of 2025, Tianpu reported a main revenue of 230 million yuan, a year-on-year decrease of 4.98%, and a net profit attributable to shareholders of 17.85 million yuan, down 2.91% year-on-year [6]. - The company's stock price surged over 16 times in 2025, with a closing price of 218.02 yuan per share on December 30, 2025, compared to 12.49 yuan per share at the beginning of the year, resulting in a cumulative increase of 1645.44% [6].

证券日报网讯 1月7日，天普股份在互动平台回答投资者提问时表示，截至目前，中昊芯英已启动独立 自主的首次公开发行股票（IPO）相关工作，现已进入股份制改制（股改）过程阶段。中昊芯英自身现 有资本证券化路径与上市公司无关。公司股价累计涨幅、短期波动较大，敬请广大投资者注意二级市场 交易风险。 （文章来源：证券日报） ...

Core Viewpoint - The regulatory warning letter issued to Ningbo Tianpu Rubber Technology Co., Ltd. highlights issues of information disclosure violations and reflects the company's impulsive attitude in the face of market trends, particularly regarding its operations related to artificial intelligence [1][2][3] Group 1: Incident Overview - Tianpu Rubber became the first listed company in the Shanghai Stock Exchange to receive a regulatory warning in 2026 due to its rapid change in the business scope of its newly established subsidiary, Tianpu Xincai [1][5] - The company initially registered the subsidiary with a business scope that included "artificial intelligence theory and algorithm software development," but quickly reverted to its traditional business of "rubber product manufacturing" after media speculation led to stock price fluctuations [1][6] Group 2: Regulatory Concerns - The incident drew regulatory attention because it occurred during a sensitive period when the company had announced a new actual controller involved in AI chips, leading to multiple abnormal stock price movements [2][7] - The Shanghai Stock Exchange pointed out that the company failed to clarify its lack of plans for AI-related business, which contributed to market confusion and misled investors [2][7] Group 3: Governance and Market Management Issues - The warning letter not only addresses specific disclosure violations but also reveals deeper issues in the company's governance and market management philosophy [3][8] - It indicates a lack of diligence from the company's leadership in ensuring compliance with information disclosure, reflecting a trend among traditional manufacturing companies to chase market attention rather than focus on substantive business transformation [3][8] - Such behaviors undermine the seriousness and credibility of information disclosure, potentially destabilizing market pricing mechanisms [3][8]

格隆汇1月7日丨天普股份(605255.SH)在投资者互动平台表示，截至目前，中昊芯英已启动独立自主的 首次公开发行股票(IPO)相关工作，现已进入股份制改制(股改)过程阶段。中昊芯英自身现有资本证券化 路径与上市公司无关。公司股价累计涨幅、短期波动较大，敬请广大投资者注意二级市场交易风险。 ...