登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 天普股份（维权）2025年凭借超1600%的累计涨幅成为A股"大牛股"，却在年末因涉嫌信息披露违规收 到上交所监管函。这场狂欢的背后，是股价与业绩的背离——公司前三季度营收、净利润双双下滑，却 因市场流传的AI合作传闻被疯狂炒作。上海市信本律师事务所赵敬国律师（执业证号： 13101200410820485）提示，于2026年1月1日之前买入且有持仓，无论在2026年1月1日及之后是否卖出 的受损投资者，或可通过"新浪股民维权平台"自愿登记索赔。（赵敬国律师专栏） 2025年12月30日晚，宁波市天普橡胶科技股份有限公司（以下简称"天普股份"或"公司"）发布《关于股 票交易风险提示暨停牌核查公告》，公司股价自2025年8月22日至2025年12月30日累计上涨718.39%， 期间已累积巨大交易风险，现已严重偏离上市公司基本面，公司就近期股票交易情 ...

Core Viewpoint - Tianpu Co., Ltd. (605255.SH), the second-largest stock in the A-share market, received a regulatory letter on December 31, 2025, for suspected information disclosure violations, involving the company, its directors, executives, and controlling shareholders [1][7]. Group 1: Stock Performance and Regulatory Actions - From August 22 to December 30, 2025, Tianpu's stock price surged by 718.39%, leading to a suspension for stock trading review starting December 31 [2][8]. - The stock price increased from 12.59 CNY per share at the beginning of 2025 to 218.02 CNY per share by the end of the year, marking a total increase of 1631.69% [4][9]. - This was the fifth suspension for Tianpu in four months due to stock trading anomalies [3][9]. Group 2: Company Financials and Ownership Changes - For the first three quarters of 2025, Tianpu reported revenues of 230 million CNY and a net profit attributable to shareholders of 17.85 million CNY, reflecting year-on-year declines of 4.98% and 2.91% respectively [6]. - The significant stock price increase is attributed to the expectation of a backdoor listing by Zhonghao Xinying, which has taken control of Tianpu [5][15]. - The ownership change involved a series of transactions where Zhonghao Xinying acquired a controlling stake, with the total investment exceeding 2.1 billion CNY [12][14]. Group 3: Market Expectations and Company Statements - Despite repeated denials from Tianpu regarding any backdoor listing actions, market expectations remain high [6][14]. - Tianpu has stated that there are no plans to change its main business or conduct significant asset sales or mergers within the next 12 months [17]. - The company has also denied any plans to engage in artificial intelligence-related business, despite ongoing market speculation [18].

Core Viewpoint - The article highlights the significant performance of the stock market in 2025, with various indices and stocks experiencing substantial gains, indicating a bullish trend and potential investment opportunities in the coming years [3]. Group 1: Market Performance - In 2025, micro-cap stocks surged by 80%, the ChiNext Index rose by 50%, and the North Exchange 50, China Securities 2000, and Sci-Tech 50 indices all increased by over 35% [3]. - The Shanghai Composite Index gained nearly 20% throughout the year, leading to over 600 A-shares achieving a doubling in price, with four stocks increasing by more than ten times [3]. Group 2: Top Performing Stocks - The top-performing stock in 2025 was Aowei New Materials (688585.SH), which saw an 18-fold increase, driven by market interest following the acquisition by Zhiyuan Robotics [5]. - Tianpu Co., Ltd. (605255.SH) ranked second with a 16-fold increase, attributed to rumors of a partnership in artificial intelligence, although the company later clarified it had no such plans [5]. - Other notable stocks included Star Map Control (920116.BJ) and Haibo Technology (688411.SH), both of which also experienced significant price increases [7]. Group 3: Sector Trends - The second half of 2025 was characterized by a focus on technology, particularly in the hardware sector driven by the demand for computing power, with PCB-related stocks becoming particularly popular [8]. - Companies like Shenghong Technology and Dingtai High-Tech saw their stock prices increase by over 5.5 times, with Shenghong's market capitalization reaching 245.9 billion [8]. Group 4: Institutional Investment - In 2025, the total market turnover reached 41.98 trillion, a 64.1% increase from the previous year, indicating a recovery in market activity [9]. - Key players in the AI wave included companies like Zhongji Xuchuang and Xinyi Technology, which were among the top traded stocks, although their price increases varied significantly [9]. Group 5: Future Outlook - The focus for 2026 will be on deepening the exploration of industrial chains, particularly in the robotics sector, with companies like Sanhua Intelligent Control and Wolong Electric Drive favored by institutions [11][12]. - The securities sector is expected to see a valuation recovery in 2026, with significant interest in brokerage stocks, despite mixed performance in 2025 [13].

Core Viewpoint - The A-share market experienced significant growth in 2025, with major indices like the Shanghai Composite Index and the ChiNext Index showing substantial increases, driven by technological advancements and market revaluation narratives [1][2]. Market Performance - The Shanghai Composite Index closed at 3968.84 points, up 18.41% for the year, while the ChiNext Index surged by 49.57%, reflecting the strong performance of growth stocks during the industrial cycle upswing [1]. - The total market capitalization of A-shares reached 108.74 trillion yuan, a 26.65% increase from the beginning of the year, with 176 companies achieving a market value of over 100 billion yuan, up from 137 at the end of 2024 [5]. Trading Activity - A-share trading volume hit a record high of 420.21 trillion yuan in 2025, marking a 62.64% year-on-year increase, indicating a strong influx of new capital into the market [1]. Individual Stock Highlights - Two stocks, Upwind New Materials and Tianpu Co., saw extraordinary price increases of 1820.29% and 1645.35%, respectively, largely due to changes in control and mergers [6][7]. - The top ten stocks of 2025 included several companies benefiting from restructuring and acquisitions, with five out of ten experiencing significant price surges due to control changes [5][8]. Industry Trends - The "Technology + Resources" theme emerged as a clear market trend in 2025, with aerospace equipment and energy metals sectors showing remarkable growth, with aerospace equipment rising by 146.03% [10]. - AI and related technologies played a pivotal role in driving market narratives, with companies in AI infrastructure and semiconductor sectors experiencing substantial gains [11][12]. Future Outlook - Analysts predict that the A-share market will continue to thrive in 2026, driven by ongoing technological innovations and increased domestic demand, with expectations of a 38% market increase by the end of 2027 [15][16].

Market Performance - In 2025, the A-share market showed strong performance, with the Shanghai Composite Index closing at 3968.84 points, marking an annual increase of 18.41%, the largest since 2020 [2] - The Shenzhen Component Index surged by 29.87%, while the ChiNext Index saw a remarkable rise of 49.57% [2] - The Hong Kong market also performed well, with the Hang Seng Index increasing by 27.77% and the Hang Seng Tech Index rising by 23.45% [3] Sector Performance - The non-ferrous metals sector led the annual gains with a staggering increase of 94.73%, driven by soaring precious metal prices and rare earth export restrictions [4] - The communication sector followed with an 84.75% increase, while electronics, comprehensive, power equipment, and machinery sectors all saw gains exceeding 40% [4] - Conversely, the coal and food & beverage sectors were among the few to record declines, with decreases of 5.27% and 9.69%, respectively [4] Stock Performance - A total of 540 stocks in the A-share market doubled in price in 2025, with the top performers being Upway New Materials and Tianpu Co., with increases of 1820.29% and 1645.35%, respectively [5] - Notable stocks with significant annual gains exceeding 500% included *ST Yushun, *ST Yazhen, and Shenghong Technology, among others [5] - On the downside, 25 stocks experienced annual declines of over 40%, with Shijin Technology leading with a drop of 50.99% [5] Financing Trends - As of December 30, 2025, the A-share financing balance reached a record high of 25,385.25 billion yuan, maintaining above 25 trillion yuan for six consecutive days [9] - The financing balance increased by 6,843.8 billion yuan compared to the end of 2024, representing a year-on-year growth of 36.91% [10] - The electronics and power equipment sectors saw net inflows exceeding 1,000 billion yuan, while communication, machinery, and non-ferrous metals sectors also attracted significant investments [10] Notable Stocks in Financing - A total of 133 stocks had net financing purchases exceeding 10 billion yuan, with New Yisheng, Ningde Times, and Shenghong Technology among the top [12] - The "three swordsmen" of optical modules, New Yisheng and Zhongji Xuchuang, received substantial financing support, with net purchases exceeding 100 billion yuan [13] - Conversely, stocks like Muyuan Foods and Oriental Fortune faced significant net financing repayments, exceeding 10 billion yuan [11][13]

Core Insights - In 2025, nearly 80% of A-shares (4,230 stocks) experienced annual gains, with the Shanghai Composite Index rising by 18.41% and 2,921 stocks outperforming the market [1][4] - A total of 540 stocks doubled in price, and 10 stocks saw gains exceeding 500%, becoming "wealth creation machines" for investors [1][4] Top Gainers - The top gainer, Shangwei New Materials, surged by 1,820.29%, followed by Tianpu Co., which rose by 1,645.35%. Both companies benefited from restructuring and acquisition activities [2][5] - Shangwei New Materials had 16 trading halts, while Tianpu Co. had 33, indicating strong market interest [2][5] Controversial Stocks - *ST Yushun and *ST Yezhen, both under delisting risk warnings, achieved remarkable gains of 719% and 637%, respectively. This volatility is viewed as speculative behavior by investors [3][6] - *ST Yushun recorded 70 trading halts, the highest in A-shares, while *ST Yezhen had 65 [3][6] Other Notable Performers - The remaining stocks in the top 10, including Shenghong Technology, Feiwo Technology, Filinger, Ding Tai High-Tech, Hengbo Co., and Shunhao Co., saw annual gains between 500% and 600% [3][6] - Shenghong Technology's 586% increase was driven by the expansion of the AI server market, with a 324% rise in net profit for the first three quarters [3][6] - Feiwo Technology, a leader in wind power fasteners, benefited from the booming commercial aerospace and low-altitude economy, achieving a 581% increase [3][6] - Shunhao Co. entered the commercial aerospace sector through a 1.1 billion yuan acquisition, resulting in a 507% stock price increase [3][6] Industry Distribution - The top 10 gainers represented a diverse range of industries, including plastics, automotive parts, optical electronics, household goods, wind power equipment, and packaging [4][7]

12月30日，天普股份发布公告，12月3日至12月30日股票价格多次涨停，累计上涨48.31%，公司股票将于12月31日开市起停牌，自披露核查公告后复牌。 这是天普股份近四个月第五次发布核查公告。 2025A股第二牛股，昨天被停牌核查，今天就被出具监管函！ 12月31日，上交所向天普股份（605255）下发监管工作函，涉及对象为上市公司、董事、高级管理人员、控股股东及实际控制人；处理事由为宁波市天普 橡胶科技股份有限公司涉嫌信息披露违规。 | 证券商称 | 监管类型 处理事由 涉及对象 外理日期 | | --- | --- | | 天普股份 | 监管工作函 关于宁波市天普橡胶科技股份有限公司涉嫌信息披露违规的监管 上市公司,董事,高级管理人员,控股股东及实际控 2025-12-31 | | | 工作函 制人 | 天普股份2025年整体上涨1645%，涨幅居A股第二。汽车零部件企业中昊芯英拟要约收购天普股份实现控股，重组利好刺激下，天普股份全年走出33个涨 停板。 SFC 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，8月22日至12月30日累计上涨718.39%。8月2 ...

此前，天普股份于12月30日晚间发布公告称，公司股票于12月31日开市起停牌核查。 数据显示，12月30日，天普股份股价收报218.02元/股，2025年，该股累计涨幅达1645.35%。 公司股票多次停牌核查 12月31日，上交所向天普股份（605255）下发监管工作函，涉及对象为上市公司、董事、高级管理人员、控股股东及实际控制人；处理事由为公司涉嫌 信息披露违规。 天普股份12月30日晚间公告，公司股票价格自2025年8月22日至2025年9月23日连续15个交易日涨停，期间多次触及股票交易异常波动，公司已就上述股 票交易波动情况进行三次停牌核查；复牌后2025年10月16日至11月27日股票价格多次涨停，期间多次触及股票交易异常波动，公司已就上述股票交易波 动情况进行第四次停牌核查；复牌后2025年12月3日至12月30日股票价格多次涨停，累计上涨48.31%。 | 证券代码 | 证券简称 | 监管类型 处理事由 | 涉及对象 | 处理日期 | | --- | --- | --- | --- | --- | | 605255 | 天蒿股份 | 监管工作函 关于宁波市天音橡胶科技股份有限 | 上市公司,董 ...

Core Viewpoint - The A-share market experienced significant growth in 2025, with major indices showing impressive gains and a total market capitalization increase of 25.30 trillion yuan, reflecting a robust performance driven by high-tech industries and emerging sectors [2][3][5]. Market Performance - The major indices for 2025 recorded the following gains: - Sci-Tech 100: +54.63% - ChiNext Index: +49.57% - Shenzhen Component Index: +29.87% - Shanghai Composite Index: +18.41% [4][6]. - The total market capitalization of A-shares reached 118.91 trillion yuan, up from 93.61 trillion yuan at the beginning of the year, marking a 27.03% increase [5][6]. Sector Contributions - High-tech industries contributed significantly to the market capitalization increase, with the information technology, materials, and industrial sectors accounting for over 60% of the total market value growth [6]. - The electronics, instruments, and components sector saw its market capitalization rise from 5.26 trillion yuan to 8.82 trillion yuan, an increase of 3.55 trillion yuan, making it the sector with the highest market value growth [6]. Individual Stock Performance - The stock with the highest increase in 2025 was Shangwei New Materials, which surged by 1820.29%, earning the title of "King of Gains" for the year [6]. - Other notable performers included Tianpu Co., which rose by 1645.35%, and *ST Yushun, which increased by 719.38% [6]. Future Market Outlook - Institutions are optimistic about the market's performance in 2026, with expectations of a "slow bull" market and continued upward momentum [7][8]. - Analysts predict that the overall performance of listed companies will improve, supported by favorable economic policies and liquidity conditions [8][9]. - The technology sector is expected to remain a key focus, with ongoing trends in AI and other high-tech industries driving growth [9].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 2025年年内，天普股份第三次收到监管工作函。 12月31日晚间，天普股份因涉嫌信息违规披露，收到上交所的监管工作函，涉及对象包括上市公司、董 事、高级管理人员、控股股东及实际控制人。 | 证券代码 | 证券简称 | 监管类型 处理事由 涉及对象 | | 处理日期 | | --- | --- | --- | --- | --- | | 605255 | 天普股份 | 监管工作函 关于宁波市天普橡胶科技股份有限 上市公司,董事,高 | | 2025-12-31 | | | | 公司涉嫌信息披露违规的监管工作 | 级管理人员,控股股 | | | | | 图 东及实际控制人 | | | 剔除今年上市的次新股，天普股份以1645.35%的涨幅位列今年十大牛股的第二位。 自2025年8月22日至2025年12月30日，天普股份股价累计上涨718.39%，期间已累积巨大交易风险，现 已严重偏离上市公司基本面，公司股票自12月31日停牌核查。而这已经是公司筹划实控人变更以来第五 次停牌核查。 天普股份强调，公司无开展人工智能相关业务的计划，与股东中昊 ...