In less than half a year, Tianpu Co., Ltd. has issued 28 risk warnings to investors.

On the evening of February 3rd, Tainpu Co., Ltd. (SH605255) once again issued a risk warning announcement regarding stock trading. This marks the 28th time the company has issued a risk warning since August 2025 (including announcements of abnormal stock movements and risk alerts). In the announcement, Tainpu Co., Ltd. not only reaffirmed that the company has been under investigation by the China Securities Regulatory Commission, recently received a regulatory warning decision, paid taxes and late fees, but also emphasized once again that the company has no artificial intelligence (AI) related business or plans for asset injection.

It is worth noting that, in the announcement, Tainpu Co., Ltd. explicitly stated that as of February 3rd, the company’s latest price-to-earnings ratio (PE) has reached 600.21 times, while the industry average PE is only 32.35 times. The company’s stock price has seriously deviated from its fundamentals.

Tainpu Co., Ltd. also clearly stated in the announcement: “The company’s stock price may experience rapid declines at any time in the future.” The company reminds investors to pay attention to the risks of secondary market trading and to make rational decisions.

On the evening of February 3rd, Tainpu Co., Ltd. announced that the closing prices of the company’s stock on February 2nd and February 3rd deviated by a cumulative 20%, indicating abnormal fluctuations in stock trading.

Data shows that on February 2nd, Tainpu’s stock hit the daily limit up, and on February 3rd, it rose another 8.75%. Just on January 26th, the stock price hit the daily limit down, and from January 27th to January 30th, it experienced consecutive declines, with a total drop of 21.05%. These sharp short-term fluctuations have attracted significant market attention for this company mainly engaged in automotive parts.

In fact, the abnormal stock movements of Tainpu Co., Ltd. have been ongoing for quite some time.

According to the announcement, from August 22, 2025, to February 3, 2026, the company’s stock price increased by a total of 446.66%. During this period, the stock was involved in 12 instances of abnormal fluctuations, with 2 cases of severe abnormal fluctuations. To “cool down” the market, the company has issued a total of 28 announcements regarding abnormal fluctuations or risk warnings, repeatedly emphasizing that the stock price has accumulated significant trading risks.

The surge in stock price is not supported by the company’s impressive performance. On the contrary, the company’s fundamentals have not improved. The Q3 2025 financial report shows that the company achieved an operating income of 230 million yuan in the first three quarters, a decrease of 4.98% year-over-year; net profit attributable to shareholders of the listed company was 17.85 million yuan, down 2.91% year-over-year.

As of February 3, 2026, Tainpu’s closing price was 145.63 yuan per share, with a latest PE ratio of 600.21 times, while the average PE ratio in the automotive parts industry is only 32.35 times. Meanwhile, the company’s price-to-book ratio (P/B) has reached 24.20 times, far above the industry average of 3.50 times.

In response, Tainpu Co., Ltd. stated in the announcement: “Currently, the company’s stock price has seriously deviated from the company’s fundamentals, and there is a risk of rapid decline at any time in the future.”

In addition to irrational stock price fluctuations, Tainpu Co., Ltd. also faces a series of regulatory issues and market rumors.

Most notably, on January 9, 2026, the company received a “Notice of Investigation” issued by the China Securities Regulatory Commission. The notice indicates that due to suspected major omissions in the abnormal stock fluctuation announcement, the CSRC has decided to initiate an investigation into the company.

Prior to this, regulatory authorities had taken action against Tainpu Co., Ltd. On December 31, 2025, the company received a regulatory letter from the Shanghai Stock Exchange; on January 5, 2026, the SSE issued another regulatory warning to the company.

Behind the significant stock price volatility, rumors in the market about the company’s “artificial intelligence” and “asset injection” are important catalysts. In response, Tainpu Co., Ltd. clarified in the announcement that market rumors claiming the company has signed a framework cooperation agreement with shareholder Zhonghao Xinying (Hangzhou) Technology Co., Ltd. (“Zhonghao Xinying”) to develop AI-related business are false. After self-inspection and confirmation with shareholders, the company has no plans to develop AI business nor has it signed any related cooperation agreements.

The announcement further explained that neither the company nor its subsidiary, Tainpu Xincai, possesses AI-related technology or R&D personnel. The company’s main products remain high-polymer fluid pipeline systems and sealing system parts and assemblies for automotive use, mainly applied in traditional fuel vehicles, with no significant changes.

Regarding market speculation that Zhonghao Xinying might “backdoor” list or inject assets into the listed company, Tainpu Co., Ltd. also denied these rumors. The company confirmed with shareholder Zhonghao Xinying that it has initiated independent IPO-related work, and its capital securitization path is unrelated to the listed company. There are no plans for a “backdoor” listing through the listed company within the next 36 months. Additionally, Zhonghao Xinying has no concrete plans to make major adjustments to the company’s main business or inject assets within the next 12 months.

(Source: Daily Economic News)