15连板！605255，停牌核查！

Core Viewpoint - Tianpu Co., Ltd. (605255) has experienced a significant stock price increase of 317.72% over 15 consecutive trading days, leading to a suspension for verification due to a severe deviation from the company's fundamentals [1][2]. Group 1: Stock Performance and Trading Suspension - The stock price of Tianpu Co., Ltd. reached 111.28 CNY per share, with a total market capitalization of 14.9 billion CNY [2]. - The company announced a trading suspension starting September 24, 2025, for verification of recent stock trading fluctuations, marking the third suspension for the company [1][6]. Group 2: Acquisition and Control Change - The recent surge in stock price is attributed to a takeover bid by Zhonghao Xinying (Hangzhou) Technology Co., Ltd., which aims to gain control of Tianpu Co., Ltd. through various means, including equity transfer and capital increase [4]. - The total investment for the acquisition exceeds 2.1 billion CNY, with Zhonghao Xinying contributing approximately 965 million CNY, Hainan Xinfan contributing about 395 million CNY, and individual investor Fang Donghui contributing around 764 million CNY [4]. - After the completion of the transaction, Zhonghao Xinying and Hainan Xinfan will hold 30.52% and 19.49% of Tianpu's shares, respectively, totaling 50.01%, while the original controlling shareholder's stake will decrease to 25% [4]. Group 3: Company Background and Future Plans - Zhonghao Xinying, founded in October 2020 by Yang Gongyifan and a team of top overseas technology experts, focuses on high-performance AI chips and computing clusters for the AIGC era [5]. - The company has completed nine rounds of financing in 2023, with a current valuation of 4.412 billion CNY [5]. - Despite the acquisition, Tianpu Co., Ltd. has stated that there are no plans for asset injection or significant changes to the company's main business within the next 12 months [6]. Group 4: Market Risks and Regulatory Actions - The company has warned investors about the risks of irrational speculation due to a relatively small external circulation of shares, with 75% of the total shares held by the controlling shareholder and related parties [6]. - The Shanghai Stock Exchange has issued multiple warnings regarding abnormal trading behaviors and has taken regulatory measures against certain investors to maintain market order [7].