Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
No case yet. It builds on the next filing, report or 13F period.
Chanson International Holding has no measured co-movers clearing our correlation floor, so only its SEC classification is shown.
SIC 2000, Food and Kindred Products, from each company's own filings. Largest first.
tall tick = annual report · 1 on record
The PRC Stores and the U.S. Stores manufacture and sell a wide selection of bakery products, seasonal products (i.e. products sold during particular holiday seasons), and beverage products; some of these stores also offer eat-in services. The PRC Stores and the U.S. Stores currently focus their business in Xinjiang of the PRC and New York City, respectively, and plan to expand to other regions of the PRC and the U.S., with a goal of opening three to five new stores in China annually and eight new stores in the U.S. during the next five years. The PRC Stores and the U.S. Stores aim to make healthy, nutritious, and ready-to-eat food through advanced facilities and industry research and to create a comfortable, yet distinguishable store environment in which customers can enjoy their products. The PRC Stores are a bakery chain consisting of 33 stores operated by Xinjiang United Family and the VIEs under the “George.Chanson” brand in Xinjiang, and the U.S. Stores sell their products in New York City. Chanson 3rd Ave and Chanson Broadway are currently renovating spaces for the opening of two new stores in New York City. Selling through directly-operated stores, instead of franchise stores, allows the operating entities to run their entire operation more efficiently and to exercise greater control over the quality of products and the presentation of their brand, and to better manage customer experience in the stores. The PRC Stores and the U.S. Stores also sell their products on their digital platforms and through third-party online food ordering platforms. The current customer base of the PRC Stores and the U.S. Stores consists of both individual and corporate customers. To expand their customer base, the PRC Stores and the U.S. Stores have developed a variety of marketing and sale strategies, such as increasing their presence on social media platforms, devising pricing and discounting programs, and improving customer in-store experience. The PRC Stores manufacture the majority of bakery products in their central factory located in Urumqi, Xinjiang, prepare beverage products within the stores, and contract third-party manufacturers to produce seasonal products. the U.S. Stores bake bakery products, prepare breakfast, lunch and all-day brunch, bar food, and other light meals for eat in, and make beverage products all within the kitchen in the stores. To ensure the quality and safety of their products, the PRC Stores and the U.S. Stores procure raw materials, including flour, eggs, and milk, from renowned suppliers with a record of consistently supplying high-quality raw materials over decades in the food industry. In addition, the PRC Stores and the U.S. Stores have implemented a rigorous quality control system covering their entire operation process and mandated internal training to improve their employees’ awareness and knowledge of food safety. The PRC Stores and the U.S. Stores have dedicated and highly-experienced product development teams that constantly create new products that reflect market trends and are designed to meet customer demand. As of December 2022, the PRC Stores had more than 707 types of bakery products and seasonal products on sale, including over 145 types of new products introduced to the market since 2021, and the U.S. Stores had 131 types of eat-in menu items and bakery products on sale, including 36 types of new products introduced to the market since 2021. The PRC Stores and the U.S. Stores also offer a large number of beverage products and update their drink menus seasonally and in response to ever changing customer demand. By continuously offering new products and refining their product formulas to enhance existing products, we believe that the PRC Stores and the U.S. Stores are able to steadily bring in new customers and increase the frequency of their existing customers’ visits to their stores, digital platforms, and store page on third-party platforms. For the six months ended June 30, 2022 and 2021, we had total revenue of $8,543,803 and $6,742,121, and net income of $220,793 and $422,685, respectively. The PRC Stores accounted for 78.6% and 89.2% of our total revenue for those periods, respectively, and the U.S. Stores accounted for 21.4% and 10.8%, respectively. For the fiscal years ended December 31, 2021 and 2020, we had total revenue of $14,690,295 and $10,313,512, and net income of $506,769 and a net loss of $164,029, respectively. The PRC Stores accounted for 87.1% and 87.0% of our total revenue for those fiscal years, respectively, and the U.S. Stores accounted for 12.9% and 13.0%, respectively. The PRC Stores primarily generate revenue through sale of bakery products, seasonal products, and beverage products. For the six months ended June 30, 2022 and 2021, revenue derived from sale of bakery products accounted for 93.8% and 93.4% of the PRC Stores’ revenue; revenue derived from sale of seasonal products accounted for 5.4% and 5.4%, and revenue derived from sale of beverage products accounted for 0.8% and 1.2%, respectively. For the fiscal years ended December 31, 2021 and 2020, revenue derived from sale of bakery products accounted for 91.4% and 91.8% of the PRC Stores’ revenue, revenue derived from sale of seasonal products accounted for 7.6% and 6.6%, and revenue derived from sale of beverage products accounted for 1.0% and 1.6%, respectively. The U.S. Stores primarily generate revenue through offering eat-in services and sale of bakery products and beverage products. For the six months ended June 30, 2022 and 2021, revenue derived from offering eat-in services accounted for 27.6%% and 25.9% of the U.S. Stores’ revenue, revenue derived from sale of bakery products accounted for 18.2% and 31.3%, and revenue derived from sale of beverage products accounted for 54.2% and 42.8%, respectively. For the fiscal years ended December 31, 2021 and 2020, revenue derived from offering eat-in services accounted for 22.2% and 37.9% of the U.S. Stores’ revenue, revenue derived from sale of bakery products accounted for 25.0% and 44.6%, and revenue derived from sale of beverage products accounted for 52.8% and 17.5%, respectively. Our principal executive offices are located at No. 26 Culture Road, Tianshan District, Urumqi, Xinjiang, China. Our registered office in the Cayman Islands is located at 4th Floor, Harbour Place, 103 South Church Street, PO Box 10240, Grand Cayman, KY1-1002 Cayman Islands. Our agent for service of process in the U.S. is George Chanson (NY) Corp., located at 41 Madison Avenue, New York, NY.
2 managers report a position worth $7,951 between them, and 1 of them hold 80% of it.
CHSN (Chanson International Holding) has 0 disclosed suppliers and 0 disclosed customers, strongest disclosure first.
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High 1.13 at 8:15 am ET, low 1.05 at 11:30 am ET.
Chanson International Holding
Price, suppliers and customers from SEC filings, institutional ownership and the next report.
Nasdaq · Food and Kindred Products