U.S. · ALPHAGBM RESEARCH
At a glanceTianyang Keji received a regulatory letter from the Shenzhen Stock Exchange on October 17 after publishing an NVIDIA GPU procurement announcement through its official WeChat account. On October 9, the company said it had signed a procurement agreement with Company X to purchase 20,000 NVIDIA RTX PRO 5500 Blackwell GPUs. Its shares rose 12.38% on the day of the announcement and another 2.48% the following day. The exchange said the post disclosed only the quantity and product model, without adequately explaining the intended uses, the impact on the company’s overall operations or uncertainties surrounding the agreement, resulting in inaccurate and incomplete disclosure and insufficient risk warnings. In a clarification issued on October 13, Tianyang Keji said the GPUs were not products dedicated to large-model training and were intended for workloads including AI inference, professional graphics rendering, engineering simulation, scientific computing, and audio and video processing. The company plans to fund the purchase through internal funds, bank credit and financial leasing, with delivery and payment conducted in batches. It said the transaction’s specific financial impact could not yet be measured and cited risks involving supply chains, industry supply and demand, overseas technology restrictions, delivery delays, product performance and operational support.
Summary
Tianyang Keji received a regulatory letter from the Shenzhen Stock Exchange on October 17 after publishing an NVIDIA GPU procurement announcement through its official WeChat account. On October 9, the company said it had signed a procurement agreement with Company X to purchase 20,000 NVIDIA RTX PRO 5500 Blackwell GPUs. Its shares rose 12.38% on the day of the announcement and another 2.48% the following day. The exchange said the post disclosed only the quantity and product model, without adequately explaining the intended uses, the impact on the company’s overall operations or uncertainties surrounding the agreement, resulting in inaccurate and incomplete disclosure and insufficient risk warnings. In a clarification issued on October 13, Tianyang Keji said the GPUs were not products dedicated to large-model training and were intended for workloads including AI inference, professional graphics rendering, engineering simulation, scientific computing, and audio and video processing. The company plans to fund the purchase through internal funds, bank credit and financial leasing, with delivery and payment conducted in batches. It said the transaction’s specific financial impact could not yet be measured and cited risks involving supply chains, industry supply and demand, overseas technology restrictions, delivery delays, product performance and operational support.