本报（chinatimes.net.cn）记者何一华 李未来 北京报道 11月27日盘后，主营橡胶软管及总成产品的天普股份（605255.SH）发布公告称，鉴于近期公司股票价 格短期波动较大，且公司股价累计涨幅较大，自2025年8月22日至2025年11月27日累计上涨451.80%， 期间已累积巨大交易风险，现已严重偏离上市公司基本面，为进一步维护投资者利益，公司就近期股票 交易情况进行停牌核查。 11月28日，《华夏时报》记者就此致电天普股份董秘办，截至发稿电话未能接通。 今年以来，天普股份年内涨幅已经达到1067.6%。一位券商投顾11月28日告诉记者，天普股份股价大涨 是多重因素共振的结果，但是长期来看股价还是要回归基本面，如果后续业绩配不上估值，股价也会出 现A字型走势，怎么涨起来就再怎么跌回去。面对股价异动，投资者要保持理性，不要盲目跟风。 要约收购 公司股价自8月份以来大涨，主要和一份要约收购公告有关。8月21日，天普股份对外披露，中昊芯英将 通过一系列收购交易取得公司控制权，中昊芯英董事长杨龚轶凡也将成为上市公司实际控制人。 公告发布后，资本市场的热情瞬间被点燃。2025年8月22日至9月23 ...

Group 1 - Tianpu Co., Ltd. (605255.SH) announced a change of control with the acquisition led by Zhonghao Xinying, a company specializing in AI chips, for a total cost of 2.12 billion yuan [2][3] - Tianpu Co., Ltd. primarily engages in the research, production, and sales of polymer materials for automotive fluid pipeline systems and sealing system components, making it a leading player in the domestic automotive rubber pipeline industry [3] - Zhonghao Xinying, established in October 2020, is one of the few domestic companies mastering core technologies for TPU (Tensor Processing Unit) training and inference architecture, and has successfully mass-produced its first high-performance TPU AI chip [3] Group 2 - The acquisition involves a three-step process: two equity transfers, capital increase to control the shareholder, and a comprehensive offer [5][6] - In the equity transfer phase, Zhonghao Xinying and capital market veteran Fang Donghui acquired 18.75% of Tianpu's shares for 602 million yuan [6] - The capital increase phase is crucial for the acquisition, with Zhonghao Xinying and related parties investing 1.52 billion yuan to gain control of Tianpu Holdings, ultimately holding 68.29% of Tianpu's shares [7] Group 3 - Tianpu's performance has been under pressure due to the shrinking fuel vehicle market, with both revenue and net profit declining in the first quarter of this year [4] - The acquisition is expected to leverage Zhonghao Xinying's core chip research and development capabilities to enhance Tianpu's operational efficiency and promote long-term healthy development [4] - Following the announcement of the acquisition, Tianpu's stock price experienced significant fluctuations, with a cumulative increase of 24.85% over three consecutive trading days prior to the suspension [7][8]