Chanson International Holding, known as Chanson International, filed a report with the U.S. Securities and Exchange Commission (SEC) for the six months ended June 30, 2024. The report included unaudited condensed consolidated interim financial statements, management's discussion and analysis, and a press release announcing the financial results for the first half of the fiscal year 2024. The company reported a decrease in revenue by 14.4% to $7,542,682 compared to the previous year, primarily due to reduced consumer spending in China and increased competition in the U.S. The net income also saw a significant decline of 91.8% to $23,412. Chanson International's operating expenses decreased by 12.6%, and the company experienced a net cash increase from operating activities. The report also highlighted the impact of COVID...Show More

Chanson International Holding, known as Chanson International, filed a report with the U.S. Securities and Exchange Commission (SEC) for the six months ended June 30, 2024. The report included unaudited condensed consolidated interim financial statements, management's discussion and analysis, and a press release announcing the financial results for the first half of the fiscal year 2024. The company reported a decrease in revenue by 14.4% to $7,542,682 compared to the previous year, primarily due to reduced consumer spending in China and increased competition in the U.S. The net income also saw a significant decline of 91.8% to $23,412. Chanson International's operating expenses decreased by 12.6%, and the company experienced a net cash increase from operating activities. The report also highlighted the impact of COVID-19 on consumer behavior and the company's strategy to adapt by opening more stores and developing affordable products. The company's future plans include opening additional stores in the U.S. and China, funded by cash on hand, operating cash flows, IPO proceeds, and potential equity financing. The report was signed by Gang Li on September 27, 2024.