On Friday, October 4th Eastern Time, the three major indexes of the US stock market collectively closed higher. The Dow Jones Industrial Average closed up 0.81% at 42352.75 points, continuing to hit a historic high; The S&P 500 index closed up 0.90% at 5751.07 points; The Nasdaq Composite Index closed up 1.22% at 18137.85 points. From the weekly chart, all three major indices recorded a four-day consecutive increase.
Chinese concept stocks continue to strengthen, with the Nasdaq China Golden Dragon Index rising over 3% on Friday, nearly 12% for the week, and rising for four consecutive weeks. The stock price of CHSN International surged by 387.17% overnight, leading the rise of Chinese concept stocks.
The company recently announced that due to an additional issuance, its share capital increased by 8.9803 million shares to 21.4056 million shares.
On the evening of March 30, 2023, Xiangsong International went public on NASDAQ at an issue price of $4, raising $15 million (approximately RMB 103 million).
According to the financial report of Xiangsong International, the company achieved a revenue of 17.25 million US dollars (approximately 122.5 million yuan) in 2023, and a revenue of 7.5427 million US dollars in the first half of 2024.
Founded in 2009, Xiangsong International is a chain bakery that produces and sells a variety of baked goods, seasonal products, and beverage products. According to the prospectus of Xiangsong International, it has a total of 31 chain stores under its umbrella.