TIP Group(SH:605255) Chang Jiang Shang Bao·2026-01-05 00:08Core Viewpoint - Tianpu Co., Ltd. (605255.SH), the second-largest stock in the A-share market, received a regulatory letter on December 31, 2025, for suspected information disclosure violations, involving the company, its directors, executives, and controlling shareholders [1][7]. Group 1: Stock Performance and Regulatory Actions - From August 22 to December 30, 2025, Tianpu's stock price surged by 718.39%, leading to a suspension for stock trading review starting December 31 [2][8]. - The stock price increased from 12.59 CNY per share at the beginning of 2025 to 218.02 CNY per share by the end of the year, marking a total increase of 1631.69% [4][9]. - This was the fifth suspension for Tianpu in four months due to stock trading anomalies [3][9]. Group 2: Company Financials and Ownership Changes - For the first three quarters of 2025, Tianpu reported revenues of 230 million CNY and a net profit attributable to shareholders of 17.85 million CNY, reflecting year-on-year declines of 4.98% and 2.91% respectively [6]. - The significant stock price increase is attributed to the expectation of a backdoor listing by Zhonghao Xinying, which has taken control of Tianpu [5][15]. - The ownership change involved a series of transactions where Zhonghao Xinying acquired a controlling stake, with the total investment exceeding 2.1 billion CNY [12][14]. Group 3: Market Expectations and Company Statements - Despite repeated denials from Tianpu regarding any backdoor listing actions, market expectations remain high [6][14]. - Tianpu has stated that there are no plans to change its main business or conduct significant asset sales or mergers within the next 12 months [17]. - The company has also denied any plans to engage in artificial intelligence-related business, despite ongoing market speculation [18].