TIP Group(SH:605255) Xin Lang Cai Jing·2025-12-02 23:49Core Viewpoint - Tianpu Co., Ltd. (605255) has seen its stock price surge over 450%, leading to a fourth suspension for verification, as the company clarifies its position regarding the acquisition by Zhonghao Xinying and denies any plans for asset injection or backdoor listing [1][11]. Group 1: Acquisition Clarification - The actual controller of Tianpu, You Jianyi, reiterated that Zhonghao Xinying has no plans for asset injection or backdoor listing [2][12]. - There are no plans to change the main business of the listed company or to make significant adjustments within the next 12 months [2][12]. - Zhonghao Xinying has initiated its independent IPO process and is currently in the restructuring phase, with no plans for backdoor listing through Tianpu in the next 36 months [3][12]. Group 2: Tender Offer and Shareholding - Following the completion of share transfer and capital increase, Zhonghao Xinying and its concerted parties will control 68.29% of Tianpu's shares, triggering a mandatory tender offer [4][13]. - The tender offer period is from November 20 to December 19, with only 2 accounts having accepted the offer as of December 1, totaling 2,800 shares, which is 0.00209% of the total shares [4][13]. Group 3: Stock Price and Trading Risks - As of November 27, Tianpu's stock closed at 147.00 CNY per share, with a P/E ratio of 605.87 and a P/B ratio of 24.43, significantly higher than the industry averages of 29.71 and 3.05, respectively [6][16]. - The stock has experienced high volatility, with a daily fluctuation of 14.04% and a turnover rate of 7.18% on the last trading day, indicating potential irrational speculation [7][16]. - From August 22 to November 27, the stock price increased by 451.80%, leading to significant trading risks and deviations from the company's fundamentals [6][17]. Group 4: Financial Performance - For the first three quarters of 2025, Tianpu reported a net profit attributable to shareholders of 17.85 million CNY, a year-on-year decrease of 2.91% [10][19]. - The company has emphasized that its main business has not undergone significant changes, urging investors to be cautious of the risks associated with performance decline and irrational speculation [10][19].