At 7:30 a.m. ET on Wednesday, premarket trading is seeing notable activity in several stocks, with early price movements signaling potential opportunities before the opening bell.For active traders, premarket trading offers a head start in spotting potential breakouts, reversals, or sharp price swings. These early moves often indicate where momentum may carry into the regular session, making premarket analysis a key part of the trading day.In the Green - Premarket GainersThe following stocks are trading hi ...

Company Structure and Operations - EZGO operates as a holding company incorporated in the BVI, with all operations and assets located in China through its subsidiaries[51]. - EZGO HK holds 95.24% of the equity interests in Changzhou EZGO and 100% of Changzhou Langyi, which are involved in manufacturing and selling battery packs and IoT-related products[52]. - The VIE Agreements were terminated on September 25, 2025, due to declining sales of e-bicycles, leading to operations solely through non-VIE subsidiaries[56]. - The VIE structure previously allowed EZGO to consolidate financial results under U.S. GAAP, but the termination may impact future financial reporting[65]. - The VIE Exclusive Management Agreement stipulates that the VIE pays service fees set at 95% of after-tax profits, adjusted at Changzhou EZGO's discretion[66]. - The Loan Agreement allows Changzhou EZGO to provide loans to the VIE at an annual interest rate of 24%, with a term of 20 years[70]. - The equity holders of the VIE have pledged 100% of their equity interests to Changzhou EZGO to guarantee performance under the VIE Agreements[67]. - Changzhou EZGO has established a contractual relationship with all equity holders of the VIE, allowing it to exercise voting rights and other rights as an equity holder[72]. - The termination of the VIE Agreements and potential conflicts of interest with equity holders may adversely affect EZGO's business and financial condition[72]. Financial Performance - For the fiscal year ended September 30, 2025, consolidated net revenues were $22,725,157, with a gross profit of $1,380,847[79]. - The operating loss for the same fiscal year was $3,649,180, leading to a net loss attributable to EZGO's shareholders of $8,692,370[79]. - For the fiscal year ended September 30, 2024, the consolidated net revenues were $21,134,425, with a gross profit of $1,509,283[83]. - The operating loss for the fiscal year 2024 was $4,217,071, with a net loss attributable to EZGO's shareholders of $7,284,792[83]. - For the fiscal year ended September 30, 2023, consolidated net revenues were $15,920,659, with a gross profit of $1,139,399[84]. - The company reported a net loss of $7,258,313, with a loss attributable to EZGO's shareholders amounting to $6,783,086[84]. - Operating expenses totaled $5,931,477, leading to a loss from operations of $4,792,078[84]. - The total cost of revenues for the fiscal year 2025 was $21,344,310, indicating a significant operational scale[79]. - The share of losses from subsidiaries for the fiscal year 2025 amounted to $13,094,813, reflecting challenges in subsidiary performance[79]. Cash Flow and Assets - Current assets as of September 30, 2023, were $37,550,743, while total assets amounted to $69,059,678[84]. - The working capital deficit was reported at $495,987, indicating financial strain[84]. - Amounts due from subsidiaries totaled $24,366,787, with significant intercompany eliminations[84]. - The company reported a cash inflow from the disposal of a subsidiary amounting to $184,487 for the fiscal year ended September 30, 2025[86]. - For the fiscal year ended September 30, 2023, total cash provided by operating activities was $6,720,013, while cash used in operating activities was $(7,644,249), resulting in a net cash outflow of $(924,236)[89]. - The total cash used in investing activities amounted to $(21,189,116), which included purchases of long-term investments of $(12,113,425) and cash paid for advances on customized equipment purchases of $(7,221,017)[89]. Regulatory Environment and Compliance - The legal environment in the PRC poses risks regarding the enforceability of the VIE Agreements, which could materially affect EZGO's operations and financial condition[63]. - Recent regulatory developments in China include enhanced supervision over China-based companies listed overseas and new measures for cybersecurity reviews, which may impact business operations[105]. - The Overseas Listing Regulations require issuers to fulfill filing procedures within three working days after applying for an initial public offering in an overseas market, potentially adding compliance burdens[109]. - The PRC government imposes controls on the convertibility of the Renminbi into foreign currencies, which may limit the company's ability to pay dividends in foreign currencies[104]. - The Anti-Monopoly Law requires foreign investors to notify the SAMR of any change-of-control transactions, making M&A activities more complex[106]. - The Measures for Cybersecurity Review stipulate that online platform operators controlling personal information of over one million users must undergo a cybersecurity review before listing abroad, but the company does not meet this threshold[108]. - The PRC government has not explicitly required approval for overseas listings or securities offerings, but future regulations may impact EZGO's operations and ability to accept foreign investments[113]. - EZGO's operations are subject to significant risks due to the evolving legal and regulatory environment in China, which could adversely affect its business and financial condition[120]. Market and Competition - The company may incur losses in the future and faces intense competition in the electric bicycle accessories market, which could adversely affect its market share and financial performance[122]. - The company relied on four major customers for battery sales, accounting for approximately 30%, 27%, 20%, and 12% of sales for the fiscal year ended September 30, 2025[209]. - The company relied on two major customers for e-bicycle sales, which accounted for approximately 56% and 36% of sales revenue for the fiscal year ended September 30, 2025[210]. - The company anticipates significant operating expenses due to public company requirements and efforts to develop and market products, which may lead to future net losses[202]. Internal Controls and Risks - Material weaknesses in internal control over financial reporting have been identified, which could lead to inaccurate financial reporting and potential fraud[219]. - The company lacks sufficient financial reporting personnel knowledgeable in U.S. GAAP, which is a significant material weakness[220]. - The company has limited insurance coverage, exposing it to significant costs and potential business disruptions[225]. - Cybersecurity incidents could materially damage user relationships and adversely affect the company's operating results[224]. Shareholder and Stock Performance - EZGO's Ordinary Shares received a notification from Nasdaq on October 18, 2023, for non-compliance with the minimum bid price requirement of $1.00 per share, with a deadline to regain compliance by April 15, 2024[243]. - A reverse share split at a ratio of 1-for-40 was approved on March 22, 2024, reducing the issued and outstanding Ordinary Shares from 102,165,549 to approximately 2,554,139[244]. - On March 26, 2024, Nasdaq initiated the delisting process due to the Ordinary Shares closing at $0.10 or less for ten consecutive trading days[245]. - EZGO regained compliance with the minimum bid price requirement on May 1, 2024, leading to the cancellation of the scheduled hearing before the Nasdaq Hearings Panel[246]. - On December 30, 2024, EZGO received another notification from Nasdaq for non-compliance with the minimum bid price requirement, with a new deadline of June 30, 2025, to regain compliance[247].

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Chijet Motor Company, Inc. (CJET) is up 40% at $2.67 - JX Luxventure Group Inc. (JXG) is up 19% at $4.12 - Inspire Medical Systems, Inc. (INSP) is up 15% at $103.50 - Epsium Enterprise Limited (EPSM) is up 15% at $4.14 - Oscar Health, Inc. (OSCR) is up 12% at $15.13 - Green Dot Corporation (GDOT) is up 11% at $13.21 - Butterfly Network, Inc. (BFLY) is up 6% at $2.82 - Cullinan Therapeutics, Inc. (CGEM) is up 5% at $10.00 - Vir Biotechnology, Inc. (VIR) is up 5% at $5.99 - Nvni Group Limited (NVNI) is up 5% at $3.17 [3] Premarket Losers - Clearside Biomedical, Inc. (CLSD) is down 69% at $0.82 - Twin Hospitality Group Inc. (TWNP) is down 20% at $2.84 - Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is down 15% at $1.35 - Mobile-Network Solutions (MNDR) is down 12% at $4.16 - Waldencast plc (WALD) is down 10% at $2.75 - authID Inc. (AUID) is down 9% at $1.21 - EZGO Technologies Ltd. (EZGO) is down 6% at $1.98 - SciSparc Ltd. (SPRC) is down 5% at $2.34 - Twin Vee Powercats Co. (VEEE) is down 5% at $1.70 - Agape ATP Corporation (ATPC) is down 5% at $1.22 [4]

Accessibility StatementSkip Navigation CHANGZHOU, China, Nov. 19, 2025 /PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or "we," "our," or the "Company"), a leading short-distance transportation solutions provider in China, today announced that on November 7, 2025, its board of directors approved a reverse split of its ordinary shares on a one-for-twenty-five basis (the "Reverse Share Split"), and a change in par value of its ordinary shares to no par value. The Company's ordinary shares will b ...

Group 1 - The core point of the article highlights the significant stock price increases of several Chinese concept stocks, with notable gains in percentage terms [1] Group 2 - Mingzhu Freight (YGMZ) saw a price increase of 44.58%, closing at 0.1800, with a trading volume of 130 million [1] - Easy Electric (EZGO) experienced a rise of 37.90%, closing at 0.2001, with a trading volume of approximately 42.85 million [1] - Hengfeng Technology Innovation (FOFO) increased by 32.51%, closing at 11.740, with a trading volume of 2.03 million [1] - Haichuan Securities (MTC) rose by 25.34%, closing at 2.770, with a trading volume of 360 million [1] - Junchang Digital (EHGO) had a gain of 16.28%, closing at 0.4315, with a trading volume of 314,800 [1]

Core Viewpoint - Chinese concept stocks experienced significant gains, with Kuke Music leading the surge with a remarkable increase of 321.3% in its stock price [1]. Group 1: Stock Performance - Kuke Music (KUKEY) saw a price increase to 0.4213, up 321.3%, with a gain of 0.3213 and a trading volume of 1.22 billion [1]. - EZGO (EZGO) rose by 29.11% to 0.1752, gaining 0.0395, with a trading volume of 46.41 million [1]. - Gran Capital (GRAN) increased by 23.9% to 3.085, with a gain of 0.595 and a trading volume of 112,400 [1]. - Agencia Comercial Sp (AGCC) experienced a 19.81% rise to 6.410, gaining 1.060, with a trading volume of 1.25 million [1]. - New Oxygen (SY) rose by 19.24% to 3.470, with a gain of 0.560 and a trading volume of 9.95 million [1].

Core Viewpoint - Chinese concept stocks experienced significant declines, with the top five losers showing steep drops in their stock prices. Group 1: Stock Performance - Libang Kitchenware (LBGJ) fell by 50.93%, closing at 0.660, with a decrease of 0.685 and a trading volume of 3.6995 million [1] - Zhengye Biological (ZYBT) dropped by 39.64%, ending at 3.000, down by 1.970, with a trading volume of 8.2297 million [1] - Reaya Electronics (RAYA) decreased by 33.05%, closing at 0.0476, down by 0.0235, with a trading volume of 3.9496 million [1] - Xiao i Robot (AIXI) saw a decline of 23.21%, closing at 1.290, down by 0.390, with a trading volume of 1.4258 million [1] - Easy Electric (EZGO) fell by 16.08%, ending at 0.1879, down by 0.0360, with a trading volume of 0.9919 million [1]

Core Viewpoint - Chinese concept stocks experienced significant gains, with the top five performers showing substantial percentage increases in their stock prices [1] Group 1: Stock Performance - Youxin Technology (YAAS) saw a price increase of 42.17%, closing at 0.1062, with a trading volume of 83.76 million [1] - Easy Electric (EZGO) rose by 38.21%, ending at 0.2239, with a trading volume of 17.06 million [1] - Luda Technology (LUD) increased by 29.01%, closing at 14.720, with a trading volume of 0.87 million [1] - Mingteng International (MTEN) experienced a 23.35% rise, closing at 10.670, with a trading volume of 0.30 million [1] - Hengfeng Technology Innovation (FOFO) gained 20.24%, closing at 19.250, with a trading volume of 3.85 million [1]

Group 1 - The top five Chinese concept stocks that experienced the largest declines in closing prices are: EZGO down 39.68%, STAK down 28.36%, CNF down 17.9%, SFWL down 15.2%, and YB down 11.46% [1] - EZGO's latest price is 0.2051 with a decrease of 0.1349 and a trading volume of 1.38 million [1] - STAK's latest price is 1.010 with a decrease of 0.400 and a trading volume of 1.2087 million [1] - CNF's latest price is 0.4100 with a decrease of 0.0894 and a trading volume of 0.1286 million [1] - SFWL's latest price is 1.060 with a decrease of 0.190 and a trading volume of 0.0562 million [1] - YB's latest price is 23.305 with a decrease of 3.015 and a trading volume of 3.3121 million [1]

Group 1 - The top five Chinese concept stocks that experienced the largest declines in closing prices are EZGO, LXEH, LZMH, XTKG, and CCM [1] - EZGO (code: EZGO) dropped by 32.39%, closing at 0.3448 with a trading volume of 823,800 [1] - LXEH (code: LXEH) fell by 27.08%, closing at 2.100 with a trading volume of 1,100,600 [1] - LZMH (code: LZMH) decreased by 21.54%, closing at 4.480 with a trading volume of 2,158,200 [1] - XTKG (code: XTKG) declined by 15.24%, closing at 1.780 with a trading volume of 1,038,500 [1] - CCM (code: CCM) saw a drop of 11.00%, closing at 5.340 with a trading volume of 199,000 [1]