C Tianbo Falls Below IPO Price Five Days After Listing
C Tianbo, an automotive thermal-management components maker, fell below its IPO price five days after listing. The stock, issued at RMB 62.65, traded at RMB 62.53 on September 11, 2026, down 3.87%. It peaked intraday at RMB 110.11 on its first day, closing that session up 33.25%, then retreated steadily. Revenue rose from RMB 1.27 billion in 2023 to RMB 1.961 billion in 2025.
On September 11, 2026, shares of C Tianbo fell below their issue price five days after listing. The stock, issued at RMB 62.65, traded at RMB 62.53 as of September 11, a decline of 3.87%. On its first trading day, C Tianbo hit an intraday high of RMB 110.11 and closed up 33.25%; the shares then retreated in successive sessions and moved lower again on September 11.
Tianbo Intelligent is a manufacturer of automotive thermal-management system components, mainly thermostats, smart water valves and other temperature-control parts, as well as temperature sensors and AVAS electroacoustic components. In 2025, all of China's top ten automaker groups by sales were its customers. From 2023 to 2025, the company's revenue was RMB 1.27 billion, RMB 1.693 billion and RMB 1.961 billion, respectively, while net profit attributable to shareholders was RMB 112 million, RMB 323 million and RMB 351 million.