Core Viewpoint - Tianpu Co., Ltd. (605255.SH) announced a suspension of trading starting September 4 for compliance verification after experiencing a continuous trading surge from August 22 to September 3, with a total increase of 135.77% in stock price [1][2]. Group 1: Acquisition and Control Change - Tianpu Co., Ltd. disclosed a control change plan in August, where Yang Gongyifan, the actual controller of Zhonghao Xinying Technology Co., Ltd., intends to acquire control of Tianpu Co. through a capital increase and share transfer, investing over 2.1 billion yuan [1]. - The acquisition process faces multiple obstacles, including the need for compliance confirmation from the Shanghai Stock Exchange and other regulatory approvals, which introduces uncertainty regarding the completion timeline [1]. Group 2: Business Performance and Valuation - Tianpu Co., Ltd. reported a decline in performance, with a revenue of 151 million yuan for the first half of 2025, down 3.44% year-on-year, and a net profit of 11.3 million yuan, down 16.08% year-on-year [2]. - The company's rolling price-to-earnings (P/E) ratio reached 272.5 times, and the price-to-book (P/B) ratio was 10.42 times, significantly higher than the automotive parts industry averages of 30.2 times and 3.16 times, respectively [2]. - The total share capital of Tianpu Co. is 134 million shares, with only 33.52 million shares available for trading, which increases the risk of irrational stock price speculation [3].
“9连板”天普股份停牌核查 称控制权变更事项存在不确定性