TIP Group(SH:605255) Sou Hu Cai Jing·2026-01-20 08:20Core Viewpoint - Tianpu Co., Ltd. has experienced dramatic stock price fluctuations driven by speculative trading and strategic corporate maneuvers, raising questions about its governance and business direction [1][6]. Group 1: Company Background - Tianpu Co., Ltd. was initially an unremarkable automotive parts manufacturer with an annual net profit of around 30 million [2]. - The company announced a planned acquisition by an AI chip company, Zhonghao Xinying, in August, which led to a rapid increase in stock price from 26 to over 60, resulting in nine consecutive trading halts [2]. Group 2: Stock Price Movements - Following the establishment of an AI subsidiary in December, the stock price surged to new highs, prompting a trading suspension for verification [2]. - On December 31, the company clarified that it had no actual AI business, subsequently reverting the subsidiary's focus back to its original automotive parts and rubber products [2][4]. - The stock price skyrocketed from 12 to 218 over the course of 2025, marking a 17-fold increase [4]. Group 3: Corporate Governance and Market Reactions - After a significant drop in stock price upon resuming trading on January 12, the company underwent a board restructuring, appointing new executives with backgrounds in AI and semiconductors, which led to another price surge [4]. - Regulatory scrutiny followed, with inquiries regarding whether the executive changes violated previous commitments not to alter the main business or seek shell listings within specified timeframes [5]. Group 4: Market Sentiment and Speculation - The company's actions have been characterized as masterful manipulation of market sentiment, with stock price movements closely tied to strategic announcements and clarifications [6]. - The speculative nature of the trading has left many investors who bought at high prices facing significant losses [6].