北京商报讯(记者马换换王蔓蕾)9月18日晚间，据上交所官方微博消息，天普股份（605255）近期多次 出现异常波动情形，公司已多次发布风险提示公告，提请广大投资者审慎投资，注意投资风险。部分投 资者在交易该股过程中存在影响市场正常交易秩序、误导投资者交易决策的异常交易行为，上交所依规 对相关投资者采取了暂停账户交易等自律监管措施。 上交所再次提醒投资者关注风险，审慎参与，合规交易。 交易行情显示，8月22日—9月18日这12个交易日内，天普股份股价接连斩获12个涨停板，按不复权方式 统计，公司股价区间累计涨幅达213.81%。 ...

Group 1 - The core issue is the abnormal trading behavior of Tianpu Co., which has led to significant stock price fluctuations and prompted the Shanghai Stock Exchange to issue multiple risk warnings to investors [1][4]. - Tianpu Co. has experienced a substantial short-term stock price increase, with a reported price of 83.60 yuan per share, marking a 12-day consecutive limit-up [2]. - The company has acknowledged that its stock price has deviated significantly from its fundamental value, indicating a potential risk of rapid decline in the future [4]. Group 2 - Tianpu Co. has disclosed that the acquisition plan by Zhonghao Xinying does not involve any asset injection, and the existing capital securitization path of Zhonghao Xinying is unrelated to the acquisition of the listed company [5]. - There is uncertainty regarding the change of control of the company, which adds to the overall risk profile of the investment [5].

Group 1 - The core viewpoint of the article highlights the abnormal trading activities of Tianpu Co., Ltd. (605255), which have led to significant stock price fluctuations and prompted the Shanghai Stock Exchange to issue multiple risk warnings to investors [1][2][4] - Tianpu Co., Ltd. has experienced a substantial stock price increase, with a reported 12 consecutive trading days of gains, culminating in a total increase of 213.8% since August 22, 2025, closing at 83.60 yuan per share [4][6] - The company has indicated that its stock price has deviated significantly from its fundamental value, raising concerns about potential rapid declines in the future [4] Group 2 - The Shanghai Stock Exchange has taken regulatory measures against certain investors for engaging in abnormal trading behaviors that disrupt normal market order [1] - Tianpu Co., Ltd. has disclosed that four insiders engaged in stock trading during a specified period, and they have since returned their profits to the company [4] - The uncertainty surrounding the change of control of the company and the lack of asset injection plans from the acquirer, Zhonghao Xinying, further complicate the situation [4]

上交所最新通报！ 9月18日晚间，上交所发布情况通报称，天普股份（605255）近期多次出现异常波动情形，公司已多次发布风险提示公告，提请广大投资者审慎投资，注 意投资风险。部分投资者在交易该股过程中存在影响市场正常交易秩序、误导投资者交易决策的异常交易行为，上交所依规对相关投资者采取了暂停账户 交易等自律监管措施。上交所再次提醒投资者关注风险，审慎参与，合规交易。 根据公告，本次交易收购方由中昊芯英、海南芯繁企业管理合伙企业(有限合伙)(简称"海南芯繁")与自然人方东晖三方组成，合计出资金额超21亿元。其 中，中昊芯英作为出资主体，承担约9.65亿元收购资金，海南芯繁出资约3.95亿元，方东晖则出资约7.64亿元。 全部交易完成后，中昊芯英、海南芯繁将分别持有天普控股30.52%、19.49%的股份，合计持股达到50.01%，公司原实际控制人尤建义持股比例降至 25%。 中昊芯英实际控制人杨龚轶凡由此控制天普控股，并通过天普控股控制上市公司，杨龚轶凡成为天普股份新的实际控制人。此外，自然人方东晖也将持有 天普控股24.99%的股份。 公开资料显示，中昊芯英成立于2020年10月，由前谷歌TPU核心研发团队负 ...

Core Viewpoint - Tianpu Co., Ltd. (605255) has experienced significant stock price fluctuations due to a proposed acquisition by Zhonghao Xinying, which aims to gain control over the company through various financial maneuvers totaling over 2.1 billion yuan [3]. Group 1: Company Announcement and Stock Activity - On September 17, Tianpu Co., Ltd. announced that its stock would resume trading on September 18 after multiple risk warning announcements due to abnormal trading activities [3]. - The stock price surge was attributed to a takeover bid from Zhonghao Xinying and its partners, who plan to acquire control of Tianpu Co., Ltd. through a combination of share transfers and capital increases [3]. - The total investment from the acquirers includes approximately 9.65 billion yuan from Zhonghao Xinying, 3.95 billion yuan from Hainan Xinfan, and 7.64 billion yuan from individual investor Fang Donghui [3]. Group 2: Acquisition Details and Future Plans - Following the completion of the acquisition, Zhonghao Xinying and Hainan Xinfan will hold 30.52% and 19.49% of Tianpu Co., Ltd., respectively, giving them a combined stake of 50.01% [3]. - The new actual controller of Tianpu Co., Ltd. will be Yang Gongyifan, the actual controller of Zhonghao Xinying, while Fang Donghui will hold 24.99% of Tianpu Co., Ltd. [3]. - Tianpu Co., Ltd. has stated that there are currently no plans to change its main business or make significant adjustments within the next 12 months, nor are there plans for asset sales or mergers [4]. Group 3: Regulatory and Compliance Considerations - The share transfer is subject to compliance confirmation from the Shanghai Stock Exchange and must undergo the necessary registration procedures with the China Securities Depository and Clearing Corporation [5]. - There is uncertainty regarding the approval process and timeline for the acquisition, which may affect the completion of the transaction [5].

#上交所提示审慎投资天普股份#【上交所：天普股份近期多次出现异常波动情形 提请广大投资者审慎 投资】据上交所发布微博，天普股份近期多次出现异常波动情形，公司已多次发布风险提示公告，提请 广大投资者审慎投资，注意投资风险。部分投资者在交易该股过程中存在影响市场正常交易秩序、误导 投资者交易决策的异常交易行为，上交所依规对相关投资者采取了暂停账户交易等自律监管措施。上交 所再次提醒投资者关注风险，审慎参与，合规交易。（人民财讯） ...

Core Viewpoint - Tianpu Co., Ltd. (605255.SH) has experienced a significant stock price surge, reaching a total market value of 11.2 billion yuan, with a cumulative increase of over 213% since August 22, following a resumption of trading after a suspension for stock price volatility [1][3]. Group 1: Stock Performance and Trading Resumption - Tianpu Co., Ltd. resumed trading on September 18 after a suspension due to abnormal stock trading fluctuations, achieving a daily limit increase [1][3]. - The stock has recorded 12 consecutive daily limit increases since August 22, with a total increase exceeding 213% [1][3]. Group 2: Insider Trading Investigation - An investigation revealed that four insiders engaged in stock trading between February 14 and August 14, with all profits returned to the company [3][4]. - The insiders included the spouse of the financial director and other related parties, with one individual making frequent trades and earning 59,900 yuan [4]. Group 3: Share Transfer and Control Change - The stock price surge began after an announcement on August 21 regarding a share transfer of 10.75% from Tianpu Holdings to Zhonghao Xinying, which would result in a change of actual control [4][5]. - Zhonghao Xinying is noted for its expertise in AI chip technology and has a valuation exceeding 4 billion yuan as of mid-2023 [4]. Group 4: Future Business Direction - Despite market expectations for asset injection post-acquisition, Tianpu Co., Ltd. clarified that there are no plans for significant changes to its main business in the next 12 months [5]. - The current actual controller, You Jianyi, stated the intention to transfer control to introduce new capabilities for company transformation, as he is unable to manage the company due to personal reasons [5].

36氪获悉，12连板天普股份发布股票交易风险提示性公告称，公司股价短期上涨幅度极大，目前已积累 巨大交易风险，公司股价已严重偏离上市公司基本面，未来存在快速下跌的风险。收购方中昊芯英无资 产注入计划，中昊芯英自身现有资本证券化路径亦与本次收购上市公司无关。公司控制权变更事项存在 不确定性。 ...

Macro Dynamics - China's cumulative sales of new energy vehicles have surpassed 40 million, maintaining the world's leading position in production and sales for ten consecutive years, contributing to global carbon reduction goals [2] Government Response - The Ministry of Commerce of China responded to the EU's imposition of anti-subsidy taxes on Chinese electric vehicles, urging the EU to avoid weaponizing tariffs and to eliminate market barriers, promoting fair competition and cooperation in the industry [3] Financial Institutions - China Pacific Insurance announced the completion of the issuance of HKD 15.556 billion zero-coupon convertible bonds, which will be listed on the Hong Kong Stock Exchange [8] - HSBC Hong Kong announced a reduction in the annual interest rates for Hong Kong dollar and US dollar savings accounts, effective September 19, 2025 [9] - UBS predicts that the Federal Reserve may further cut interest rates by 75 basis points by the first quarter of 2026, following a recent 25 basis point reduction [10] Market Data - As of September 18, A-share indices experienced a decline, with the Shanghai Composite Index down 1.15%, Shenzhen Component down 1.06%, and ChiNext down 1.64%, with a total market turnover of approximately CNY 3.16 trillion [12] - The financing balance of the two markets increased by CNY 12.646 billion, with the Shanghai Stock Exchange reporting CNY 1.209727 trillion and the Shenzhen Stock Exchange CNY 1.170886 trillion [13] - The Hang Seng Index fell by 1.35%, while Huahong Semiconductor rose over 8% [14] Company Dynamics - Huawei expressed confidence in providing sufficient computing power for the development of artificial intelligence, emphasizing its role in the future of AI in China [15] - DeepSeek issued a statement warning against fraudsters impersonating the company, clarifying that it has never requested payments to personal or unofficial accounts [16] - *ST Chuangxing announced that its chairman is under investigation, but the company’s operations remain normal [17] - Tianpu Co., which has seen a 12-day stock price increase, warned that its stock price has significantly deviated from its fundamentals, indicating potential risks of a rapid decline [18] - Changan Automobile confirmed the fulfillment of its 60-day payment commitment and is exploring new technologies and products [20] - Shenzhen Huaqiang stated that it provides electronic components to Yushu Technology [21] - Fulim Precision signed a prepayment agreement with CATL for CNY 1.5 billion to secure lithium iron phosphate supply, enhancing strategic cooperation [22]

Core Viewpoint - Tianpu Co., Ltd. has resumed trading with a significant stock price increase, marking a 12-day consecutive rise, following the announcement of a major acquisition by Zhonghao Xinying Technology Co., Ltd. [3] Summary by Sections Acquisition Details - Zhonghao Xinying plans to invest 1.36 billion yuan to gain control of Tianpu Co., Ltd., aiming to shift the company's focus from traditional fuel vehicles to the new energy vehicle sector [3][6] - Tianpu Co., Ltd. has denied any asset injection plans related to this acquisition, asserting that the transaction does not constitute a backdoor listing [5][6] Financial Analysis - Zhonghao Xinying has reported consecutive losses, with net profits of -42.98 million yuan in 2022, 81.33 million yuan in 2023, and 88.91 million yuan in 2024, along with a loss of 143.7 million yuan in the first half of 2025, failing to meet the main board's backdoor listing standards [7] - The acquisition may require up to 804 million yuan in additional funding, while Zhonghao Xinying's available funds are only 1.051 billion yuan after recent financing [6][7] Stock Performance - Tianpu Co., Ltd.'s stock has surged by 572% in 2023, rising from 12.44 yuan to 83.6 yuan, with significant price movements noted around key dates [8] - The stock experienced a notable increase following the acquisition announcement, leading to concerns about potential insider trading, although the company claims that transactions by insiders occurred before the acquisition information was known [8][9]