On September 9, Tianpu Shares released an announcement revealing that, from August 22, 2025, to September 9, 2026, the company's stock price had surged by 143.47%. During this period, the stock experienced 16 instances of abnormal price fluctuations and 2 instances of severe abnormal fluctuations. The company had already issued 48 risk warning announcements to alert investors. By September 9, 2026, the company's trailing price-to-earnings (P/E) ratio had soared to an astonishing 16,635.61 times, while its price-to-book (P/B) ratio stood at 10.90 times. Both figures were significantly higher than the industry averages for the auto parts sector. In terms of financial performance, the company reported revenue of RMB 318 million in 2025, marking a year-on-year decline of 6.99%. Net profit attributable to shareholders also decreased by 20.93%, amounting to RMB 26.1466 million. For the first half of 2026, revenue dropped by 5.67% year-on-year to RMB 142 million, and the company incurred a net loss of RMB 14.3258 million. The company explicitly clarified that it has no plans to venture into the AI business. Furthermore, shareholder Zhonghaoxinying has no intentions of injecting assets or pursuing a backdoor listing. Additionally, the company's relatively small public float poses a risk of speculative trading. It is currently under investigation by the China Securities Regulatory Commission (CSRC) for suspected material omissions in its information disclosure.
