WUXI, China, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (the “Company” or “Mingteng International”) (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced the deepening of its ongoing collaboration with a leading top tier supplier in China in the new energy vehicle (“NEV”) sector, as part of its continued efforts to support the strategic development of new energy technologies in the automotive market. The Company’s cooperating client (the “Client”) ...

Company Performance - Mingteng International Corporation Inc. (NASDAQ: MTEN) experiences a dramatic price drop of 76.72%, falling to $0.14 from a year high of $26.03, potentially linked to market sentiment and company performance [2] - China SXT Pharmaceuticals, Inc. (NASDAQ: SXTC) faces a 49.90% price decline to $0.62, launching a Strategic Artificial Intelligence (AI) Insights Initiative to optimize its portfolio and enhance market analysis [3] - Veea Inc. sees a 40.45% decrease in its price to $0.05, with challenges in the IT services sector impacting its market position [4] - Aclarion, Inc. (NASDAQ: ACON) reports a 39.75% price decrease to $4.92, but shows a significant increase in Nociscan scan volumes and maintains a debt-free balance sheet with $12 million in cash [5] Market Dynamics - The price movements of these companies highlight the volatile nature of the market and the various factors influencing company valuations [6] - Companies are facing challenges such as regulatory issues, technological competition, and market sentiment, which are affecting investor confidence and market positions [4][5]

中概股收盘跌幅居前的个股为：铭腾国际跌43.15%，苏轩堂跌37.5%，脑再生科技跌21.67%，拍明芯城 跌17.65%，星图国际跌15.63%。(格隆汇) | 代码 | 名称 | 最新价 | 涨跌幅 ^ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | MTEN | 铭腾国际 | 0.603 | -43.15% | -0.457 | 729.59万 | | SXTC | 苏轩堂 | 1.250 | -37.50% | -0.750 | 4.16亿 | | RGC | 脑再生科技 | 41.420 | -21.67% | -11.460 | 1.66亿 | | IZM | 拍明芯城 | 2.100 | -17.65% | -0.450 | 56.11万 | | YIBO | 星图国际 | 0.8100 | -15.63% | -0.1500 | 4.59万 | ...

| 代码 | 名称 | 最新价 | 涨跌幅 √ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | RGC | 脑再生科技 | 52.880 | 60.10% | +19.850 | 1.46亿 | | MTEN | 铭腾国际 | 1.0600 | 21.84% | +0.1900 | 97.34万 | | STFS | 星际时尚 | 0.1230 | 21.42% | +0.0217 | 50.25万 | | SXTC | 苏轩堂 | 2.000 | 18.34% | +0.310 | 21.42万 | | ILLR | Triller Group | 0.0300 | 17.65% | +0.0045 | 1.42万 | 中概股收盘涨幅居前的个股为：脑再生科技涨60.10%，铭腾国际涨21.84%，星际时尚涨21.42%，苏轩 堂涨18.34%，Triller Group涨17.65%。(格隆汇) ...

| 代码 | 名称 | 最新价 | 涨跌幅 ^ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | EDHL | Everbright Digital | 0.3816 | -41.42% | -0.2698 | 40.71万 | | WOK | 沃氪医疗 | 0.0648 | -40.00% | -0.0432 | 3434.97万 | | NCT | Intercont | 0.2300 | -36.11% | -0.1300 | 131.07万 | | MTEN | 铭腾国际 | 0.6356 | -29.77% | -0.2694 | 30.24万 | | NCI | 思宏国际 | 1.450 | -24.48% | -0.470 | 91.64万 | 中概股收盘跌幅居前的个股为：Everbright Digital跌41.42%，沃氪医疗跌40%，Intercont跌36.11%，铭腾 国际跌29.77%，思宏国际跌24.48%。(格隆汇) ...

Core Insights - Premarket trading is showing notable activity with early price movements indicating potential opportunities before the market opens [1] Premarket Gainers - Mawson Infrastructure Group Inc. (MIGI) is up 10% at $5.65 [3] - Mingteng International Corporation Inc. (MTEN) is up 9% at $1.88 [3] - Barnwell Industries, Inc. (BRN) is up 9% at $1.20 [3] - Amentum Holdings, Inc. (AMTM) is up 8% at $27.57 [3] - Antelope Enterprise Holdings Limited (AEHL) is up 8% at $2.75 [3] - Protagenic Therapeutics, Inc. (PTIX) is up 8% at $2.43 [3] - Envirotech Vehicles, Inc. (EVTV) is up 8% at $1.18 [3] - Vir Biotechnology, Inc. (VIR) is up 6% at $6.49 [3] - Zoom Communications Inc. (ZM) is up 5% at $82.73 [3] - Core AI Holdings (CHAI) is up 5% at $2.68 [3] Premarket Losers - Foxx Development Holdings Inc. (FOXX) is down 13% at $4.00 [4] - Jaguar Health, Inc. (JAGX) is down 11% at $1.13 [4] - AlphaTON Capital Corp. (ATON) is down 7% at $2.54 [4] - Semtech Corporation (SMTC) is down 6% at $65.81 [4] - Cypherpunk Technologies Inc. (CYPH) is down 5% at $1.73 [4] - SunPower Inc. (SPWR) is down 5% at $1.59 [4] - Visionary Holdings Inc. (GV) is down 4% at $1.23 [4] - Gelteq Limited (GELS) is down 4% at $1.01 [4] - Capricor Therapeutics, Inc. (CAPR) is down 3% at $4.47 [4] - Mobile-Network Solutions (MNDR) is down 3% at $2.82 [4]

Group 1 - The top five Chinese concept stocks that experienced the largest declines at closing were: Shangao Life Sciences down 61.73%, Yipin Weike down 31.55%, Yiying Securities down 29.83%, Phoenix Asia down 20.71%, and Mingteng International down 18.1% [1] - Shangao Life Sciences had a latest price of 1.500 with a decline of 2.420 and a trading volume of 154,700 [1] - Yipin Weike's latest price was 0.0753, down 0.0347, with a trading volume of 13,576,300 [1] - Yiying Securities closed at 0.1614, down 0.0686, with a trading volume of 6,469,500 [1] - Phoenix Asia's latest price was 13.320, down 3.480, with a trading volume of 16,680 [1] - Mingteng International had a latest price of 4.480, down 0.990, with a trading volume of 29,100 [1]

Financial Performance - Total revenues for the six months ended June 30, 2025, increased to $5,261,469, representing a 13.2% growth compared to $4,646,389 for the same period in 2024[5] - Gross profit for the six months ended June 30, 2025, was $1,468,420, a decrease of 11.0% from $1,651,788 in 2024[5] - Net loss for the six months ended June 30, 2025, was $1,356,773, compared to a net loss of $265,842 in 2024, indicating a significant increase in losses[5] - Mold production revenue was $3,634,475 for the six months ended June 30, 2025, compared to $3,312,007 in 2024, reflecting an increase of about 9.7%[56] - Machining services revenue rose to $1,135,540 in the first half of 2025, up from $816,082 in 2024, marking a significant increase of approximately 39.1%[56] - The basic and diluted loss per share for the six months ended June 30, 2025, was $(0.20), compared to $(0.05) for the same period in 2024, with a net loss of $1,356,773,000[126] Assets and Liabilities - Total current assets as of June 30, 2025, were $9,019,850, up from $8,641,942 as of December 31, 2024[4] - Total assets decreased to $12,816,280 as of June 30, 2025, from $13,961,603 as of December 31, 2024[4] - Total liabilities increased to $5,689,118 as of June 30, 2025, compared to $5,507,972 as of December 31, 2024[4] - Cash and cash equivalents decreased to $1,755,205 as of June 30, 2025, from $2,080,715 as of December 31, 2024[4] - Trade accounts receivable as of June 30, 2025, amounted to $3,959,338, a decrease from $4,187,946 as of December 31, 2024[91] - Total inventories as of June 30, 2025, were valued at $1,485,361, compared to $1,183,572 as of December 31, 2024[93] - Total other liabilities increased to $2,269,998 as of June 30, 2025, up from $1,829,642 as of December 31, 2024, primarily due to an increase in payroll payable and loans from third parties[103] Research and Development - Research and development expenses increased to $409,623 for the six months ended June 30, 2025, compared to $288,182 in 2024, reflecting a 42.0% increase[5] - Research and development expenses include costs for projects such as adjustable casting molds for automotive parts, which are expensed as incurred[61] Equity and Shareholder Information - The weighted average number of ordinary shares outstanding increased to 6,839,600 for the six months ended June 30, 2025, from 5,448,846 in 2024[5] - The total shareholders' equity as of June 30, 2025, was $7,127,162,000, reflecting the re-designation of ordinary shares to Class A and Class B[133] Foreign Currency and Taxation - The company reported a foreign currency translation loss of $30,304 for the six months ended June 30, 2025[5] - The effective tax rate for the Company for the six months ended June 30, 2025, was (4.7)%, compared to 2.8% for the same period in 2024[118] - The provision for income taxes for the six months ended June 30, 2025, was $61,212, compared to a benefit of $(7,548) for the same period in 2024[118] Initial Public Offering - Mingteng International completed its initial public offering on April 22, 2024, issuing 1,050,000 shares at $4.00 per share, raising gross proceeds of $4.20 million[13] - An additional 157,500 shares were issued on May 10, 2024, related to the over-allotment arrangement, generating gross proceeds of $0.63 million[13] - The total net proceeds received by the company after deducting expenses from the IPO amounted to $3,293,096[13] Impairments and Provisions - The Company recorded impairment for contract costs of $13,165 for the six months ended June 30, 2025, compared to nil in 2024[58] - The company did not record any impairment charges for long-lived assets for the six months ended June 30, 2025[34] - As of June 30, 2025, the Company recognized impairment charges on equity investments amounting to $1,356,618 due to a write-down of the investment's fair value to zero[98] Legal and Compliance - The company has no outstanding litigation as of June 30, 2025, indicating a stable legal standing[124] - The Company has no significant unrecognized uncertain tax positions as of June 30, 2025[66] Miscellaneous - The Company recognized lease liabilities based on the present value of fixed lease payments, with most leases having initial terms ranging from 1 to 3 years[46] - The Company has not used any derivative financial instruments to manage interest rate risk exposure, which is considered not material[83] - The foreign currency risk indicates that the RMB is not freely convertible, affecting the company's financial operations[125]

Group 1 - The core point of the article highlights the significant declines in the stock prices of several Chinese concept stocks, with notable drops exceeding 60% for some companies [1] Group 2 - JZXN (Jiuzhi New Energy) experienced a drop of 60.27%, closing at 0.425 with a trading volume of 3.9579 million [1] - MTEN (Ming Teng International) fell by 38%, closing at 6.200 with a trading volume of 2.2114 million [1] - YAAS (Youxin Technology) saw a decline of 32.89%, closing at 0.0451 with a trading volume of 4.1611 million [1] - EPOW (Huiyang New Energy) decreased by 26.91%, closing at 0.899 with a trading volume of 59.1834 million [1] - ORIS (Mindong Hong) dropped by 24.39%, closing at 0.2030 with a trading volume of 4.6224 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]