Core Viewpoint - Tianpu Co., Ltd. has resumed trading with a significant stock price increase, raising questions about the acquisition by Zhonghao Xinying Technology Co., Ltd. and its implications for the company's future direction in the electric vehicle sector [2][3]. Group 1: Acquisition Details - Zhonghao Xinying plans to invest 1.36 billion yuan to gain control of Tianpu Co., Ltd., with the intention of shifting the company's focus from traditional fuel vehicles to electric vehicles [2][3]. - Tianpu Co., Ltd. has denied any asset injection plans related to the acquisition, asserting that the transaction does not constitute a backdoor listing [3][5]. - The acquisition is seen as a strategic move to leverage Tianpu's automotive resources and industry qualifications, despite the significant financial strain on Zhonghao Xinying [3][4]. Group 2: Financial Concerns - Zhonghao Xinying's financial situation is precarious, with reported losses of 42.98 million yuan in 2022 and projected losses of 143.7 million yuan in the first half of 2025, which raises concerns about its ability to meet the financial requirements for the acquisition [5][6]. - The company has a potential liability of up to 1.731 billion yuan due to performance-based agreements, which could complicate the acquisition process [5][6]. Group 3: Market Reactions and Regulatory Scrutiny - Tianpu Co., Ltd. has experienced a dramatic stock price increase of 572% this year, leading to regulatory scrutiny regarding potential insider trading [7][8]. - The company has conducted an internal review and found that four individuals with insider information engaged in stock trading prior to the announcement of the control change, but they claim this does not constitute insider trading [7].

证券代码：605255 证券简称：天普股份 公告编号：2025-046 宁波市天普橡胶科技股份有限公司 关于股票交易风险提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●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。公司股票价格 2025 年 8 月 22 日至 2025 年 9 月 18 日连续 12 个交易日涨停，累计上涨 213.81%，目前公司 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。敬请广大投资者 注意二级市场交易风险。 ●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。收购方没有在未来 12 个月内改变上市公司主营业务 或者对上市公司主营业务做出重大调整的明确计划；没有在未来 12 个月内对上 市公司及其子公司的资产和业务进行出售、合并、与他人合资或合作的明确计 划，或上市公司拟购买或置换资产的明确重组计划；及中昊芯英自身现有资本 证券化路径亦与本次收购无关。 ●若本次 ...

人民财讯9月18日电，12连板天普股份(605255)9月18日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。 转自：证券时报 ...

格隆汇9月18日｜天普股份发布公告，公司股票价格2025年8月22日至2025年9月18日连续12个交易日涨 停，累计上涨213.81%，目前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。此外， 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。若本 次交易存在内幕交易、操纵市场等异常交易行为情形，后续本次交易可能会存在终止的风险，敬请广大 投资者充分注意交易可能会终止的风险。 ...

Core Viewpoint - Tianpu Co., Ltd. has experienced a significant stock price surge, with a cumulative increase of over 213% since August 22, 2023, following the announcement of a change in control and the involvement of a new major shareholder, Zhonghao Xinying [1][4]. Group 1: Stock Performance and Trading Activity - Tianpu Co., Ltd. resumed trading on September 18, 2023, after a suspension for stock trading irregularities, achieving a price of 83.6 yuan per share and a total market capitalization of 11.2 billion yuan [1][3]. - The stock has recorded 12 consecutive trading days of gains, with the last trading day before the suspension being September 11, 2023 [1][3]. - Four insiders were found to have engaged in stock trading during the period from February 14 to August 14, 2025, but the company stated that these transactions occurred before the insiders were aware of any material information [3]. Group 2: Change in Control and Future Plans - The stock price increase was triggered by an announcement on August 21, 2023, regarding the transfer of 10.75% of shares from the controlling shareholder to Zhonghao Xinying, which would result in a new actual controller for the company [4][5]. - Zhonghao Xinying is recognized in the AI chip sector and has a valuation exceeding 4 billion yuan as of mid-2023 [5]. - Despite market expectations for asset injection following the change in control, Tianpu Co., Ltd. clarified that there are no plans for asset injection or significant changes to the company's main business in the next 12 months [5]. - The current actual controller, You Jianyi, indicated that the transfer of control aims to bring in new capabilities to facilitate the company's transformation and upgrade, as he is unable to continue leading the company due to personal limitations [5]. Group 3: Financial Performance - For the first half of 2023, Tianpu Co., Ltd. reported revenue of 151 million yuan, reflecting a year-on-year decline [5][8]. - The net profit attributable to the parent company was 11.3 million yuan, down 16.08% compared to the previous year [8].

天普股份股票交易风险提示性公告，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。 ...

天普股份晚间公告，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。 ...

Core Viewpoint - The acquisition of Tianpu Co. by Zhonghao Xinying aims to transition the company from traditional fuel vehicles to the new energy vehicle sector, despite concerns regarding Zhonghao's financial stability and the relevance of this acquisition to its core AI chip business [1][2][3]. Group 1: Acquisition Details - Zhonghao Xinying plans to invest a total of 1.36 billion yuan to gain control of Tianpu Co. [2][3] - Tianpu Co. has denied any asset injection plans related to this acquisition, asserting that it does not constitute a backdoor listing [3][4]. - The previous controlling shareholder, You Jianyi, transferred control due to personal limitations in driving the company's transformation [3]. Group 2: Financial Concerns - Zhonghao Xinying's financial situation is precarious, with reported losses of 42.98 million yuan in 2022, 81.33 million yuan in 2023, and projected losses of 143.7 million yuan in the first half of 2025, failing to meet the main board's IPO profitability standards [4][5]. - The company has a potential liability of up to 1.731 billion yuan due to performance-based agreements, which could trigger significant financial repercussions if not met [4]. Group 3: Market Activity and Regulatory Scrutiny - Tianpu Co.'s stock has seen a dramatic increase of 572% this year, raising suspicions of insider trading, particularly around the time of the acquisition announcement [7]. - Four individuals with insider knowledge engaged in stock trading prior to the public announcement, but the company claims these transactions do not constitute insider trading [7][8].

Group 1 - Dagan Holdings' shareholder plans to reduce holdings by up to 3% of the company's shares, totaling approximately 9.52 million shares [1] - China Resources Sanjiu intends to invest up to 10 billion yuan of its own funds in bank wealth management products, with a rolling investment strategy [1] - Xinyu Guoke's shareholder plans to reduce holdings by up to 1% of the company's shares, totaling approximately 276.76 thousand shares [3] Group 2 - Tianpu Co. has completed the stock trading suspension review and will resume trading after a period of abnormal price fluctuations [5] - Xinhang New Materials' controlling shareholder plans to reduce holdings by up to 2% of the company's shares, totaling approximately 174.88 thousand shares [6] - Yinbang Co.'s shareholder plans to reduce holdings by up to 3% of the company's shares, totaling approximately 24.66 million shares [7] Group 3 - Yuanfei Pet's shareholders plan to collectively reduce holdings by up to 3.48% of the company's shares, totaling approximately 565.14 thousand shares [7] - Changchun High-tech's subsidiary will gain exclusive agency rights for three products in mainland China [9] - Hanyi Co.'s controlling shareholder plans to reduce holdings by up to 3% of the company's shares, totaling approximately 294 thousand shares [10] Group 4 - Zhongcai Energy's subsidiary signed a total contract worth 347 million yuan for a project in Hubei Province [11] - Ruifeng Bank's shareholder reduced holdings by 408.83 thousand shares, decreasing their ownership from 6.10% to 5.89% [12] - Shanghai Construction's gold business revenue is low, accounting for less than 0.5% of total revenue [13] Group 5 - Guanggang Gas's shareholder plans to reduce holdings by up to 2.63 million shares, approximately 1.9994% of the company's total shares [14] - Kairun Co.'s controlling shareholder has decided to terminate the share reduction plan early [15] - Boyun New Materials' shareholder plans to reduce holdings by up to 1% of the company's shares, totaling approximately 573 thousand shares [16] Group 6 - Yuanda Environmental's acquisition of assets and fundraising has been approved by the Shanghai Stock Exchange [17] - ST Ningke's stock will be subject to delisting risk warning due to the company's restructuring [18] - Anke Biotech's investee company has received approval for a key II phase clinical trial for a new injection [19] Group 7 - Shuanglu Pharmaceutical's director plans to reduce holdings by up to 37.52 thousand shares, approximately 0.0365% of the company's total shares [20] - Zhongji Xuchuang's specific shareholder's holding ratio changed by more than 1% [21] - ST Nanzhi plans to sell real estate development and leasing business assets for 1 yuan to focus on urban operation [22]

Group 1 - The acquisition involves three parties: Zhonghao Xinying, Hainan Xinfan, and Fang Donghui, with a total investment of 2.123 billion yuan, all funded by their own capital [3] - As of now, Zhonghao Xinying has fully paid 966.5 million yuan, and Fang Donghui has fully paid 764 million yuan, while Hainan Xinfan has paid 276 million yuan out of the required 395 million yuan, with the remaining expected by September 19, 2025 [3] - Tianpu Co., Ltd. stock has reached a "limit-up" status, marking its 12th consecutive trading day of gains [3] Group 2 - Tianpu Co., Ltd. specializes in high polymer fluid pipeline systems and sealing system components for automobiles, serving major clients like Geely and Bosch [6] - The company's net profit has remained between 20 million to 30 million yuan over the past three years, with a 16.08% year-on-year decline in net profit for the first half of 2025 [6] - As of June 30, 2025, Tianpu's asset-liability ratio stands at 4.67% [6] Group 3 - Zhonghao Xinying focuses on AI chip design and sales, with significant differences in business operations compared to Tianpu [6] - Zhonghao Xinying has developed China's first fully self-developed high-performance TPU architecture AI chip, achieving mass production [8] - The company's revenue has shown substantial growth, with figures of 82 million yuan in 2022, 485 million yuan in 2023, and 598 million yuan in 2024, although it reported a net loss of 144 million yuan in the first half of 2025 [8] Group 4 - The acquisition aims to introduce a new controlling shareholder to enhance Tianpu's transformation and sustainable development [13] - Yang Gongyifan, the actual controller of Zhonghao Xinying, sees potential in Tianpu's industry and aims to improve its operational quality [13] - The acquisition does not intend to terminate Tianpu's listing status, and there are no immediate plans to change its main business [16] Group 5 - Following the share transfer, Zhonghao Xinying and Fang Donghui are expected to hold 10.75% and 8.00% of Tianpu's shares, respectively [17] - The share transfer will result in Zhonghao Xinying, Hainan Xinfan, and Fang Donghui collectively controlling 68.29% of Tianpu's shares, triggering a mandatory tender offer [18] - The transaction is designed to optimize shareholder structure and governance, with commitments to maintain stability in Tianpu's controlling shareholder and actual controller [21]