Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - TechCreate Group Ltd. (TCGL) is up 99% at $205.71 - VivoSim Labs, Inc. (VIVS) is up 74% at $2.96 - La Rosa Holdings Corp. (LRHC) is up 55% at $4.66 - Sandisk Corporation (SNDK) is up 23% at $668.13 - Springview Holdings Ltd (SPHL) is up 19% at $4.76 - BUUU Group Limited (BUUU) is up 16% at $10.86 - Deckers Outdoor Corporation (DECK) is up 11% at $111.64 - Lumentum Holdings Inc. (LITE) is up 10% at $419.58 - Chanson International Holding (CHSN) is up 10% at $2.15 - Century Therapeutics, Inc. (IPSC) is up 9% at $2.20 [3] Premarket Losers - Kaixin Holdings (KXIN) is down 43% at $5.70 - Brand Engagement Network, Inc. (BNAI) is down 32% at $35.56 - PennyMac Financial Services, Inc. (PFSI) is down 21% at $117.50 - Schneider National, Inc. (SNDR) is down 19% at $24.05 - Moolec Science SA (MLEC) is down 19% at $5.23 - Nuwellis, Inc. (NUWE) is down 18% at $3.43 - Digital Currency X Technology Inc. (DCX) is down 16% at $3.44 - Serina Therapeutics, Inc. (SER) is down 15% at $3.03 - Namib Minerals (NAMM) is down 11% at $5.00 - ZeroStack Corp. (ZSTK) is down 6% at $11.00 [4]

中概股收盘跌幅居前的个股为：天睿祥跌91.06%，Masonglory跌60.98%，苏轩堂跌27.54%，开心汽车跌 26.06%，朴荷生物科技跌23.6%。(格隆汇) | 代码 | 名称 | 最新价 | 涨跌幅 ^ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | TIRX | 天睿祥 | 0.118 | -91.06% | -1.202 | 1454.5万 | | MSGY | Masonglory | 0.800 | -60.98% | -1.250 | 555.96万 | | SXTC | 苏轩堂 | 0.0500 | -27.54% | -0.0190 | 216.08万 | | KXIN | 开心汽车 | 10.130 | -26.06% | -3.570 | 1.5亿 | | BYAH | 朴荷生物科技 | 0.0955 | -23.60% | -0.0295 | 68.43万 | ...

Group 1 - The top gainers among Chinese concept stocks include 3 E Network Technology, which rose by 36.35%, followed by Happy Auto with a 33.73% increase, and Liqi Services with a 28.34% rise [1] - 3 E Network Technology's latest price is 0.4100, with a gain of 0.1093 and a trading volume of 108 million [1] - Happy Auto's latest price is 4.440, showing an increase of 1.120 with a trading volume of 11.1626 million [1] Group 2 - Liqi Services has a latest price of 7.200, reflecting a gain of 1.590 and a trading volume of 1.3485 million [1] - Huibao Holdings increased by 23.26%, with a latest price of 1.0600, gaining 0.2000 and a trading volume of 2.9394 million [1] - Rich Sparkle Holdings saw a rise of 21.25%, with a latest price of 23.170, an increase of 4.060, and a trading volume of 208.6 thousand [1]

Core Viewpoint - Chinese concept stocks experienced significant gains, with notable increases in share prices for several companies, indicating a positive market sentiment towards these stocks [1] Group 1: Stock Performance - Kaixin Auto (KXIN) saw a remarkable increase of 33.87%, closing at 4.150, with a trading volume of 57.56 million [1] - Anlin Financial Printing (PMAX) rose by 25.55%, ending at 2.850, with a trading volume of 71.95 million [1] - Yunxuetang (YXT) increased by 14.00%, closing at 0.9730, with a trading volume of 0.0368 million [1] - Junfu Capital (GRAN) experienced a gain of 13.37%, closing at 2.290, with a trading volume of 0.0173 million [1] - Sixiang Unlimited (TO) rose by 12.73%, ending at 0.6200, with a trading volume of 0.0148 million [1]

Group 1 - The core point of the article highlights the significant declines in the stock prices of several Chinese concept stocks, with Yueda Digital leading the drop at 27.37% [1] - Yueda Digital's latest price is reported at 1.300, with a decrease of 0.490 and a trading volume of 18.57 million [1] - Other notable declines include KXIN (25.48% drop), YGMZ (21.06% drop), LZMH (17.12% drop), and INHD (15.40% drop) [1] Group 2 - KXIN's latest price is 3.100, with a decrease of 1.060 and a trading volume of 2.64 million [1] - YGMZ's latest price is 0.0862, with a decrease of 0.0230 and a trading volume of 3.61 million [1] - LZMH's latest price is 2.445, with a decrease of 0.505 and a trading volume of 0.61 million [1] - INHD's latest price is 0.1472, with a decrease of 0.0268 and a trading volume of 4.85 million [1]

Group 1 - The article reports significant declines in the stock prices of several Chinese concept stocks, with Mingzhu Freight experiencing the largest drop of 34.15% [1] - Other notable declines include Kaixin Automotive down 30.83%, INNO Holdings down 16.33%, Ridgetech down 15.97%, and Tongcheng Tongmei down 14.31% [1] - The trading volumes for these stocks varied, with Mingzhu Freight having a trading volume of 6.9956 million, while INNO Holdings had a much higher trading volume of 39.2023 million [1]

Group 1 - The core point of the article highlights significant declines in the stock prices of several Chinese concept stocks, with notable drops in their trading volumes and market performance [1] Group 2 - KXIN (KXIN Auto) experienced a drastic decline of 62.36%, closing at 0.455 with a drop of 0.755 and a trading volume of 9.4727 million [1] - EPWK (Yipin Weike) saw a decrease of 38.10%, closing at 0.0403 with a drop of 0.0248 and a trading volume of 1.4236 million [1] - WXM (Shanyou International) fell by 22.02%, closing at 0.4600 with a drop of 0.1299 and a trading volume of 1.3871 million [1] - POM (Shiliu Yunyi) dropped by 20.80%, closing at 3.580 with a drop of 0.940 and a trading volume of 9.5167 million [1] - YGMZ (Mingzhu Freight) decreased by 17.76%, closing at 1.250 with a drop of 0.270 and a trading volume of 0.361 million [1]

Group 1 - The core point of the article highlights the significant declines in the stock prices of several Chinese concept stocks, with notable drops including KXIN down 30.11% and YGMZ down 27.8% [1] Group 2 - KXIN (Happy Auto) closed at 1.230, experiencing a drop of 30.11%, which translates to a decrease of 0.530, with a trading volume of 21.45 million [1] - YGMZ (Mingzhu Logistics) closed at 0.1062, down 27.8%, reflecting a decrease of 0.0409, with a trading volume of 1.067 million [1] - IZM (Paiming Xincheng) saw a decline of 24.64%, closing at 1.040, down 0.340, with a trading volume of 287,100 [1] - ZEPP (Huami Technology) closed at 22.400, down 17.92%, which is a decrease of 4.890, with a trading volume of 17.78 million [1] - MIMI (Mint) closed at 0.7200, down 16.28%, reflecting a decrease of 0.1400, with a trading volume of 112,810 [1]

Group 1 - The top five gaining Chinese concept stocks at the close were: Chang'an Energy up 51.53%, Haodingduo up 28.62%, Kaixin Auto up 27.56%, Huhu Technology up 15.51%, and Zhengkang International up 14.12% [1] - Chang'an Energy (PTLE) had a closing price of 0.2820 with a gain of 51.53%, translating to an increase of 0.0959 and a trading volume of 206 million [1] - Haodingduo (MAMK) closed at 7.100, rising by 28.62%, which is an increase of 1.580 with a trading volume of 4.3489 million [1] Group 2 - Kaixin Auto (KXIN) saw a closing price of 1.620, up 27.56%, reflecting an increase of 0.350 and a trading volume of 17.5516 million [1] - Huhu Technology (HUHU) closed at 7.410, gaining 15.51%, which is an increase of 0.995 with a trading volume of 0.5916 million [1] - Zhengkang International (ZKIN) had a closing price of 2.910, up 14.12%, translating to an increase of 0.360 and a trading volume of 0.3609 million [1]

Core Viewpoint - Kaixin Holdings has signed a term sheet to acquire a 51% stake in Honglu Technology, aiming to enhance collaboration in the "AI + Animation" ecosystem and promote AI innovation in animation production [1] Company Overview - Kaixin Holdings is transitioning into an AI-driven technology business in China, focusing on expanding its AI capabilities and exploring new growth opportunities [6] - Honglu Technology specializes in animation technology innovation, including the shift from traditional animation to computer-generated graphics, and utilizes emerging technologies such as rendering and AI research [2] Strategic Advantages of Honglu Technology - **Technical Advantage**: Comprehensive coverage of the 3D animation production process, utilizing UE5 Unreal Engine and AI technology R&D capabilities [3] - **Team Advantage**: The core team has over 10 years of industry experience and has produced nearly 5,000 hours of S-rated anime series [3] - **Content Sources Advantage**: Strategic partnerships with Youku Entertainment and suppliers of high-quality S-rated anime series [4] - **IP Advantage**: Ownership of original and novel copyright IP, a large fan base, and the ability to generate diverse derivative products [4] - **Qualifications Advantage**: Registered 19 software patents, showcasing strong technical capabilities in animation and design [4] - **Network Advantage**: Deep partnerships with Xuanji Technology and major video platforms like Youku, Tencent, and iQiyi, creating a robust ecosystem [4] Recent Developments - The previously intended acquisition of Xingcan was terminated as it did not meet mutual expectations, allowing Kaixin to focus on optimizing AI application scenarios [5]