| 代码 | 名称 | 最新价 | 涨跌幅√ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | MASK | 3 E Network Technolo | 0.4100 | 36.35% | +0.1093 | 1.08亿 | | KXIN | 开心汽车 | 4.440 | 33.73% | +1.120 | 1116.26万 | | CLIK | 力奇服务 | 7.200 | 28.34% | +1.590 | 134.85万 | | FEBO | 晖宝控股 | 1.0600 | 23.26% | +0.2000 | 293.94万 | | ANPA | Rich Sparkle Holdings | 23.170 | 21.25% | +4.060 | 20.86万 | 中概股收盘涨幅居前的个股为：3 E Network Technolo涨36.35%，开心汽车涨33.73%，力奇服务涨 28.34%，晖宝控股涨23.26%，Rich Sparkle Holdings涨21.25%。(格隆汇) ...

| 代码 | 名称 | 最新价 | 涨跌幅√ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | KXIN | 开心汽车 | 4.150 | 33.87% | +1.050 | 5756.14万 | | PMAX | 安林财经印刷 | 2.850 | 25.55% | +0.580 | 7194.57万 | | YXT | 云学堂 | 0.9730 | 14.00% | +0.1195 | 3.68万 | | GRAN | 均富资本 | 2.290 | 13.37% | +0.270 | 1.73万 | | ટો | 思享无限 | 0.6200 | 12.73% | +0.0700 | 1.48万 | 中概股收盘涨幅居前的个股为：开心汽车涨33.87%，安林财经印刷涨25.55%，均富资本涨13.37%，思 享无限涨12.73%。(格隆汇) ...

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]

Group 1 - The top five gaining Chinese concept stocks at closing were: Kuke Music up 49.06%, Jufu up 43.47%, Kaixin Auto up 40%, American Green Planet up 24.75%, and X3 Holdings up 20% [1] - Kuke Music's latest price was 0.9987 with a gain of 0.3287 and a trading volume of 1.1532 million [1] - Jufu's latest price was 5.380 with a gain of 1.630 and a trading volume of 0.5114 million [1] - Kaixin Auto's latest price was 0.9100 with a gain of 0.2600 and a trading volume of 5.3765 million [1] - American Green Planet's latest price was 2.520 with a gain of 0.500 and a trading volume of 0.3936 million [1] - X3 Holdings' latest price was 1.800 with a gain of 0.300 and a trading volume of 0.2588 million [1]

Core Insights - Kaixin Holdings has established a Digital Asset Management Department to raise funds for acquiring cryptocurrencies like Bitcoin and Ethereum, aiming to implement a digital asset allocation strategy to generate value for the company [1] - The global economy's complexity and volatility have increased uncertainties in traditional investments, while the acceptance of cryptocurrencies among investment institutions is growing, indicating potential long-term returns despite market fluctuations [2] - The company is looking to introduce new strategic investors and acquire high-value projects in the Web3 industry to optimize its equity structure and enhance its innovative asset allocation approach [3] Company Overview - As of October 6, 2025, Kaixin Holdings has issued a total of 27,258,228 ordinary shares, which includes 22,158,228 Class A ordinary shares and 5,100,000 Class B ordinary shares [4] - Kaixin Holdings is transitioning into an AI-driven tech business in China, focusing on developing online live streaming education platforms through AI technologies, thereby expanding its growth opportunities [5]