TIP Group(SH:605255) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-17 16:00Core Viewpoint - Tianpu Co., Ltd. (605255.SH) has experienced significant stock price increases, leading to multiple trading suspensions for verification due to abnormal fluctuations, with the stock set to resume trading on September 18, 2025 [2][4]. Stock Performance - From August 22 to September 10, 2025, Tianpu Co., Ltd. achieved a remarkable 185.29% increase in stock price, with a cumulative increase of 288.55% since July 2025, nearly tripling its stock price [3][4]. - As of September 10, 2025, the stock price reached 76 CNY per share, resulting in a total market capitalization of 10.2 billion CNY [4]. Control Change Announcement - The surge in stock price is linked to the announcement of a change in control, where Tianpu's major shareholders plan to transfer a total of 10.75% of shares to Zhonghao Xinying [3][4]. - Zhonghao Xinying and Hainan Xinfan will collectively hold 50.01% of Tianpu's shares if the transfer is completed, with Yang Gongyifan becoming the actual controller [3][5]. Acquisition Funding Status - As of September 15, 2025, the acquisition funds from Zhonghao Xinying (9.65 billion CNY) and Fang Donghui (7.64 billion CNY) have been fully secured, while Hainan Xinfan's contribution of 3.95 billion CNY was completed by September 17, 2025 [7]. - The acquisition does not involve any asset injection plans or significant operational changes for the next 12 months [6]. Company Financials - In the first half of 2025, Tianpu Co., Ltd. reported revenues of approximately 151 million CNY, a year-on-year decrease of 3.44%, and a net profit of 11.3 million CNY, down 16.08% year-on-year [7]. Acquirer Profile - Zhonghao Xinying, established in October 2020, focuses on high-performance AI chips and computing clusters for large-scale AI models, with a valuation exceeding 4 billion CNY as of mid-2025 [8].