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LingoAce Integrates Cambridge’s “Power Up” to Elevate Its Premium English Live Classes for Global Learners

SINGAPORE and NEW YORK, Sept. 5, 2025 /PRNewswire/ — LingoAce, a leading global education technology company, today announced the integration of Cambridge University Press & Assessment’s internationally acclaimed English series “Power Up” into its Premium English Live Class curriculum. The first Level 1 and Level 2 courses launched this September, designed for learners aged 5–12 who study English as a foreign language (EFL). This strategic move will provide students with a more rigorous, engaging, and outcome-driven learning experience, aligned with both global standards and real-world communication needs.

Global Standards, Designed for Evolving Learners

LingoAce’s adoption of “Power Up” follows an extensive evaluation process aimed at meeting evolving learner needs and parental expectations. Developed by Cambridge University Press & Assessment, “Power Up” aligns with the Common European Framework of Reference for Languages (CEFR) from Pre-A1 to B1 levels, with a clear progression toward Cambridge Young Learners English (YLE), Key English Test (KET), and Preliminary English Test (PET) exams.

The series blends academic rigor with real-life relevance, combining linguistic, cross-disciplinary, and cultural content to strengthen core language skills while nurturing critical thinking and intercultural understanding. It also seamlessly complements diverse national curricula, making it adaptable for learners across regions.

LingoAce × Power Up: From Quality Content to Measurable Impact

Through a tailored curriculum design and an immersive digital classroom environment, LingoAce transforms “Power Up” into a learning journey that’s both highly effective and deeply engaging:

  • Native-Level Language Mastery with Certified and Experienced Teachers

LingoAce’s certified and experienced native English-speaking teachers deliver “Power Up” lessons in a fully immersive, 100% English-speaking environment, recreating authentic life and academic contexts. Students receive real-time feedback on pronunciation, grammar, and expression from a native-speaker perspective while gaining insights into the cultural and cognitive frameworks behind the English language. This dual focus ensures simultaneous growth across listening, speaking, reading, and writing, helping learners progress toward native-like fluency.

  • Engagement-Driven Learning, Precision-Engineered for Results

Designed for young learners, “Power Up” pairs seamlessly with LingoAce’s interactive teaching methods to turn each lesson into an exploration. Each textbook unit is delivered through 10 focused lessons: nine for new content and one for consolidation and assessment. A spiral learning approach reinforces key concepts with increasing complexity, while LingoAce’s 25-minute “Teach–Practice–Feedback” model ensures maximum retention and measurable skill growth in every session.

Empowering Future Global Citizens

“Language learning is not just about mastering vocabulary and grammar—it’s about unlocking the ability to connect, collaborate, and thrive in a global community,” said Hugh Yao, Founder and CEO of LingoAce. “By integrating ‘Power Up’ into our English Live Class, we’re offering students not just a world-class curriculum, but the cultural understanding and confidence to communicate anywhere in the world.”

The integration marks a significant step in LingoAce’s mission to combine world-class educational content with innovative EdTech solutions. The company plans to further enhance its offerings with AI-driven personalization, immersive learning environments, and expanded cross-cultural content, ensuring that students worldwide can achieve lasting language mastery and global readiness.

About LingoAce

LingoAce is a global education technology company on a mission to make learning for kids more engaging, effective, and accessible through technology. Founded in 2017, the company is headquartered in Singapore and has global operations throughout the United States, Southeast Asia, Europe, and China. Backed by the world’s top investors, including Peak XV Partners (formerly Sequoia India & Southeast Asia), Owl Ventures, Tiger Global, and Shunwei Capital, LingoAce has a roster of more than 5,000 professionally certified teachers and has taught more than 20 million classes to PreK-12 learners in more than 100 countries. In 2023, LingoAce was named to Fast Company’s World’s Most Innovative Companies list and the GSV EdTech 150 list of the world’s most transformative edtech companies for the second year in a row. In 2025, LingoAce won the EdTechX Asia Pacific Award. Learn more about LingoAce: https://www.lingoace.com/.

 

MiniTool ShadowMaker 4.8 Brings New Folder Support and UI Fixes

VANCOUVER, BC, Sept. 5, 2025 /PRNewswire/ — MiniTool Software Limited announced a new version of its Windows backup software: MiniTool ShadowMaker 4.8. This release supports creating and renaming new folders when selecting a backup destination, improves interface display, and fixes several known issues.

What’s New in MiniTool ShadowMaker 4.8?

  1. Destination Folder Creating and Renaming: In MiniTool ShadowMaker 4.8, users can create new folders and rename existing ones when selecting a target destination. This enhancement makes it easier to organize and manage backup files. For instance, you can create separate folders for system backups, personal documents, or work projects, and rename them in ways that suit your needs. By reducing confusion and improving file management efficiency, this feature ensures that the right backup can be located quickly whenever system/file restoration is required.
  2. Clearer Mount Prompts: The mounting process provides more detailed prompts after the update, informing users where to view the mounted volume.
  3. Updated Interface Icons: The menu icon in Manage has been updated in MiniTool ShadowMaker 4.8. The original three-dot icon confused some users, so it has been replaced with a clearer three-line icon for better recognition.
  4. USB Media Creation Fix: Fixed an issue where the bootable media creation tool did not support a USB hard drive in the previous versions.
  5. Addressed Shared Disk Adding Failure: This update resolved an issue in the bootable edition where adding previously backups from a shared drive would get stuck on the Shared interface.
  6. Enhanced Media Builder Display: The issue of Media Builder display on high-DPI screens has been resolved, ensuring all UI elements are visible.
  7. Additional Fixes and Improvements: MiniTool ShadowMaker 4.8 also resolved several user-reported issues, including blocking multiple instances from running, preventing the window from reappearing after clicking Show Desktop, and making file sync navigation more user-friendly.

About MiniTool ShadowMaker

As a Windows backup and recovery software, MiniTool ShadowMaker focuses on protecting important data against system crashes, accidental deletion, and hardware failures. It supports system backup, file and folder backup, and disk/partition backup, meeting users’ different needs.

With file-level backup, users can select specific documents, photos, music, or videos and keep them safe with ease. The software provides multiple backup schemes, including full backup, incremental backup, and differential backup, giving users the flexibility to save storage space and restore files more efficiently.

MiniTool ShadowMaker allows setting up automatic backups at daily, weekly, or monthly intervals. This make sure that important data is continuously protected without manual action. In addition, backup encryption and management provide extra security and flexibility for both home and business users.

Beyond data backup, MiniTool ShadowMaker also boasts many useful features such as disk cloning, bootable media creation, PXE boot, and Universal Restore. With these features, users can better protect and restore their computers.

For more information about MiniTool ShadowMaker 4.8 and its functions, please visit https://www.minitool.com/.

About MiniTool

MiniTool Software Limited is a professional software company that specializes in the research and development of computer software. The business is involved in data backup software, partition manager, data recovery software, video editor, video converter, and more.

 

Applications for the Singapore SME 500 Award 2025 Officially Closed; Winners to be Announced on 30 September 2025

SINGAPORE, Sept. 5, 2025 /PRNewswire/ — The Association of Trade and Commerce (ATC) announced that applications for the Singapore SME 500 Award 2025 has officially closed on 31 August 2025. The Award, widely recognised as one of Singapore’s long-running and leading business accolades for small and medium-sized enterprises (SMEs), received an overwhelming response from enterprises across diverse industries.

The list of winners for the Singapore SME 500 Award 2025 will be released on 30 September 2025. The assessment for the Singapore SME 500 Award covers both quantitative and qualitative aspects of business excellence, including financial performance, operational capability, innovation, sustainability, and economic contributions.

Each year, the SME 500 Award seeks to recognise the resilience, adaptability, and leadership, amongst business excellence within Singapore’s enterprises. This year’s cohort reflects the strength of our SME community and their role in driving growth, digitalisation, and sustainability in alignment with Singapore’s national economic goals.

The SME 500 is not only a recognition of business performance but also a platform that encourages enterprises to benchmark themselves against best practices and gain increased visibility through the support of ATC.

The Singapore SME 500 Award 2025 winners will be formally recognised at the upcoming SMESummit 2025, an annual flagship event organised by ATC to bring together business leaders, public stakeholders and industry leaders for sharing of industry insights and collaborations.

For more information on the Singapore SME 500 Award and past winners, please visit https://sme500.atc.sg/?utm_source=PR.

About the Association of Trade and Commerce (ATC)

The Association of Trade and Commerce (ATC) is a business association dedicated to advocating and representing the interests of Singapore’s enterprises across diverse industries and trade sectors.

As an enterprise-centric and community-based organisation, ATC actively advocates for the growth and development of businesses, focusing on key pillars such as capability building, transformation, globalisation, and community engagement. ATC is committed to fostering a pro-enterprise trade environment in Singapore. We engage closely with the business community, as well as private and public sector partners, to design and implement relevant programmes that supports enterprises to innovate, transform, and expand internationally.

As a trusted advocate, strategic partner, and dynamic network, ATC plays a pivotal role in enabling enterprises to thrive in an evolving economic landscape.

 

UNITED ARROWS to Launch Global Online Store in September 2025

Bringing Japan’s Distinctive Fashion Culture to the World

TOKYO, Sept. 5, 2025 /PRNewswire/ — UNITED ARROWS, one of Japan’s leading fashion companies, will open its official global online store in September 2025. This long-awaited launch will enhance access to the brand’s unique worldview—until now available to overseas customers only through the Japanese site—offering a fully localized and seamless shopping experience.
 (Official Global Online Store: https://united-arrows-global.com/)

Since its founding in 1989, UNITED ARROWS has curated “real clothes” that combine refined Western aesthetics with Japanese sensibilities. From British and Italian tailored styles to trend-leading designer labels and timeless American casual wear, the brand offers fashion with enduring value across genres.

In addition to featuring both domestic and international brands, UNITED ARROWS is renowned for exclusive collaborations that embody its select shop philosophy. The company operates 30 distinctive brands, including its flagship UNITED ARROWS, high-end women’s labels such as Drawer and BLAMINK, casual luxury lines like H BEAUTY&YOUTH, the contemporary women’s brand LOEFF, genre-defying 6, and widely popular everyday labels BEAUTY&YOUTH and Green Label Relaxing.

Guided by the corporate philosophy of “creating a rich and high-quality lifestyle culture,” UNITED ARROWS continues to inspire and enrich people’s lives through fashion. The global store marks a major step in sharing this philosophy worldwide—offering global customers direct access to Japan’s premium fashion culture and lifestyle.

For updates on the store launch and upcoming collections, follow the official Instagram account https://www.instagram.com/unitedarrows_global/

Global Online Store Official URL: https://united-arrows-global.com/

World’s First AI Data Analyst “Ada” Ranked #1 Product of the Day on Product Hunt

SINGAPORE, Sept. 5, 2025 /PRNewswire/ — Ada, the world’s first AI data analyst, has secured the #1 Product of the Day ranking on Product Hunt following its official launch. This achievement underscores the market’s overwhelming demand for Ada’s breakthrough approach to automating complex data workflows—a mission resonating with analysts and decision-makers globally.

Ada Ranked #1 Product of the Day on Product Hunt
Ada Ranked #1 Product of the Day on Product Hunt

Built to eliminate tedious manual processes like data cleaning, SQL generation, and report creation, Ada leverages cutting-edge Large Language Models (LLMs) and an intelligent agent architecture. Its ability to transform raw data into actionable insights in minutes has captivated the Product Hunt community of tech innovators, earning the top spot through enthusiastic upvotes and engagement.

Turning Data Chaos into Strategic Clarity

“Being named #1 on Product Hunt validates our vision to liberate professionals from drowning in data,” said Steven Cen, Product Manager at Ada. “Users recognize that Ada isn’t just a tool — it’s an AI partner that turns cold numbers into strategic clarity, empowering faster, smarter decisions.”

Ada’s Product Hunt triumph highlights its core innovations:

  • Automated Professional Reports: Generate enterprise-grade reports with visual insights and recommendations in 5 minutes.
  • Cross-Source Intelligence: Unify databases, APIs, and real-time web data to uncover hidden correlations.
  • Predictive Precision: Project trends using historical and live data to conclude every analysis with actionable steps.
  • Human-AI Collaboration: An editable analysis editor that begins with AI and perfects with human expertise.

Why Product Hunt’s Community Embraces Ada

Ada’s agent-based architecture requires no advanced technical skills, democratizing data intelligence for finance, retail, and cross-industry teams. Early adopters are already reporting dramatic efficiency gains, particularly in high-speed sectors where rapid analysis is critical.

“Your data deserves better than spreadsheets,” added Steven Cen. “Product Hunt’s recognition proves that the revolution we envisioned is here. Ada is redefining how professionals interact with data.”

Availability

Ada is now available for enterprises and individual professionals. Experience the future of data analysis:

About Ada

Ada is the world’s first AI data analyst, developed by a team of data scientists and AI experts. Its mission is to make advanced data intelligence accessible, efficient, and actionable for all. Just Ada It.

SEMI Reports Global Semiconductor Equipment Billings Increased 24% Year-Over-Year in Q2 2025

Strong Growth in the First Half of the Year Driven by Advanced Logic and DRAM Applications

MILPITAS, Calif., Sept. 5, 2025 /PRNewswire/ — SEMI, the industry association serving the global semiconductor and electronics design and manufacturing supply chain, today announced in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report that global semiconductor equipment billings increased 24% year-over-year to US$33.07 billion in the second quarter of 2025. Second quarter 2025 billings registered a 3% quarter-over-quarter expansion supported by the leading-edge logic, advanced high bandwidth memory (HBM) related DRAM applications, as well as increase in shipments to Asia.

Semiconductor Equipment Billings by Region
Semiconductor Equipment Billings by Region

“The global semiconductor equipment market registered a strong first half of 2025 with more than $65 billion in revenue, building on the record billings of $117 billion in 2024,” said Ajit Manocha, SEMI President and CEO. “Chipmakers continue to invest in production capacity to support advanced logic and memory innovation powering the AI wave, as well as key projects to bolster regional supply chain resilience.”

Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the WWSEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry. 

Following are quarterly billings data in billions of U.S. dollars, with quarter-over-quarter and year-over-year changes by region:

The SEMI Equipment Market Data Subscription (EMDS) provides comprehensive market data for the global semiconductor equipment market. The subscription includes three reports:

  • Monthly SEMI Billings Report, a perspective on equipment market trends
  • Monthly WWSEMS, a detailed report of semiconductor equipment billings for seven regions and 24 market segments
  • SEMI Semiconductor Equipment Forecast, an outlook for the semiconductor equipment market

Download a sample of the EMDS report.

For more information about the report or to subscribe, please contact the SEMI Market Intelligence Team at mktstats@semi.org. More details are also available on the SEMI Market Data webpage.  

About SEMI

SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.

Association Contacts
Sherrie Gutierrez/SEMI
Phone: 1.831.889.3800
Email: sgutierrez@semi.org 

Stephanie Quinn/Kiterocket (Media Inquiries)
Phone: 1.480.316.8370
Email: squinn@kiterocket.com  

Semiconductor Equipment Market Revenue by Region
Semiconductor Equipment Market Revenue by Region

 

 

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

HONG KONG, Sept. 5, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) today announced its unaudited financial results for the second quarter ended June 30, 2025.

Financial and Operational Highlights

  • As of June 30, 2025, the company’s total mining capacity reached 50 EH/s, primarily driven by the acquisition of 18 EH/s in June 2025. Furthermore, in May, Cango completed the divestiture of its China-based assets for US$352 million, generating substantial liquidity to support ongoing strategic initiatives.
  • Total revenues were US$139.8 million during the period, with the Bitcoin mining business generating revenue of US$138.1 million.
  • Adjusted EBITDA was US$99.1 million during the period.
  • A total of 1,404.4 Bitcoins were mined during the quarter. Average cost to mine, excluding depreciation of mining machines, was US$83,091 per Bitcoin, with all-in costs of US$98,636 per Bitcoin. As of the end of June 2025, the Company had mined 3,879.2 Bitcoins since entering the Bitcoin mining industry.
  • The net loss for the period was mainly attributable to the one-off loss on discontinued operations and the non-cash impairment loss from mining equipment contracted last November and settled via equity in June of this year—triggered by the significant appreciation in Cango’s share price between signing and delivery. These charges related to the Company’s strategic steps rather than operational underperformance. Excluding the impairment and the one-off loss from discontinued operations, adjusted EBITDA stood at US$99.1 million during the period, demonstrating the strength and profitability of the core Bitcoin mining business.

Mr. Paul Yu, CEO of Cango, said, “This quarter marks a significant milestone as we report our first full quarter following our strategic transformation. In just nine months, we’ve established ourselves as one of the largest Bitcoin miners globally, supported by our asset-light strategy that enables quick scaling with minimal upfront capital. While this approach incurs higher cash costs per Bitcoin, our lower depreciation expenses ensure competitive all-in costs and strong capital efficiency. Our recent acquisition of 18 EH/s increased our total mining capacity to 50 EH/s, contributing to a 44% increase in Bitcoin production in July. This growth underscores the impact of our expanded operations and supports further scaling through organic initiatives and strategic acquisitions. Additionally, our acquisition of 50 MW mining facility in Georgia enhances our energy security and lowers power costs, providing operational expertise for future HPC and energy initiatives.”

Full article link: https://www.prnewswire.com/news-releases/cango-inc-reports-second-quarter-2025-unaudited-financial-results-302546670.html 

Investor Relations Contact
Email: ir@cangoonline.com 

Chanson International Holding Announces First Half of Fiscal Year 2025 Financial Results

URUMQI, China, Sept. 5, 2025 /PRNewswire/ — Chanson International Holding (Nasdaq: CHSN) (the “Company” or “Chanson”), a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States, today announced its unaudited financial results for the six months ended June 30, 2025.

Mr. Gang Li, Chairman of the Board of Directors and Chief Executive Officer of the Company, commented, “In the first half of fiscal year 2025, despite facing various challenges, we have shown resilience and adaptability in a dynamic market. With the revenue growth we achieved, we have successfully maintained our gross margins at above 40%, by enforcing cost control measures and enhancing operating efficiency. Additionally, with an increased cash reserve as of June 30, 2025, we are in a solid position to manage market uncertainties. As we move forward, we remain confident in our long-term growth strategy and execution capabilities. Our expansion initiatives in both the United States and China are expected to remain a key focus of our growth. We aim to further drive revenue by attracting new customers and encouraging repeat business from existing ones. We aim to achieve these results by strengthening opportunistic purchasing, optimizing inventory management, maintaining strong store conditions, and effectively marketing both current and new product offerings. We believe that those efforts will help us navigate short-term headwinds and support long-term growth in the near future.”

First Half of Fiscal Year 2025 Financial Summary

  • Total revenue was $8.7 million, compared to $7.5 million for the same period of last year.  
     
  • Gross profit was $3.9 million, compared to $3.1 million for the same period of last year.
  • Gross margin was 44.5%, compared to 41.5% for the same period of last year.    
  • Net loss was $1.0 million, compared to net income of $0.02 million for the same period of last year.    
  • Basic and diluted loss per share were $2.87, compared to basic and diluted earnings per share $0.15 for the same period of last year.

First Half of Fiscal Year 2025 Financial Results

Revenue

Total revenue was $8.7 million for the six months ended June 30, 2025, which increased by 15.2%, from $7.5 million for the same period of last year. The increase in revenue was due to increased revenue from the stores in China (the “China Stores”), which was partially offset by decreased revenue from the stores in the United States (the “United States Stores”).

China Stores

Revenue from the China Stores was $7.8 million for the six months ended June 30, 2025, which increased by $1.3 million or 19.7%, from $6.5 million for the same period of last year. The increase was mainly due to the increased revenue from bakery products as well as from other products.

  • Revenue from bakery products was $7.2 million for the six months ended June 30, 2025, which increased by 20.8%, from $5.9 million for the same period of last year. The increase was mainly attributed to the increased revenue generated by the newly opened bakery stores, as nineteen bakery stores have been opened since the second half of fiscal year 2024.
  • Revenue from other products was $0.63 million for the six months ended June 30, 2025, which increased by 8.5%, from $0.58 million for the same period of last year. The increase was mainly due to increased revenue from seasonal products, which was partially offset by decreased revenue from beverage products. Revenue from seasonal products was $0.51 million for the six months ended June 30, 2025, which increased by 39.0% from $0.36 million for the same period of last year. The increase was due to increased revenue from group purchases from corporate customers of the China Stores, as we offered more sales promotions and price discounts to attract more customers and received more group purchases orders. Revenue from beverage products was $0.12 million for the six months ended June 30, 2025, a decrease by 42.9% from $0.22 million for the same period of last year. The opening of new stores by several well-known coffee chain brands in Xinjiang, offering products at very low prices to gain market share, provided customers with more choices and contributed to a decline in beverage product revenue at our China Stores. As of June 30 2025, two coffee bakery stores were closed, one in fiscal year 2024 and another in the six months ended June 30, 2025.

United States Stores

Revenue from the U.S. Stores was $0.9 million for the six months ended June 30, 2025, which decreased by 13.2% from $1.0 million for the same period of last year. The decrease was mainly due to decreased revenue from bakery products and eat-in services, which was partially offset by the slightly increased revenue from beverage products.

  • Revenue from bakery products was $0.22 million for the six months ended June 30, 2025, which decreased by 10.1% from $0.24 million for the same period of last year. The decrease was due to the decreased revenue from Chanson 23rd Street LLC (“Chanson 23rd Street”) and Chanson 1293 3rd Ave LLC (“Chanson 3rd Ave”). Facing increased competition from competitors operating in the same area, Chanson 23rd Street suspended its business operation of bakery products and eat-in services in April 2025 and Chanson 3rd Ave suspended all business operation in January 2025. However, the decrease in revenue from bakery products was partially offset by the increased revenue from Chanson Broadway as we implemented a series of performance-enhancing measures, including extending business hours, optimizing the products mix and offering more sales promotions and price discounts to attract more customers.
  • Revenue from beverage products remained relatively stable at $0.64 million for the six months ended June 30, 2025, with a slight increase by 1.9% from $0.63 million for the same period of last year. The increase was due to the increased revenue of beverage products generated by Chanson Broadway, resulting from implementation of the performance-enhancing measures as mentioned above. The increase was partially offset by the decreased revenue from Chanson 23rd Street, primarily attributable to increased competition from competitors operating in the same area, as well as the decreased revenue from Chanson 3rd Ave resulting from the suspension of business operation as mentioned above.
  • Revenue from eat-in services was $0.05 million for the six months ended June 30, 2025, which decreased by 72.9% from $0.17 million for the same period of last year. As mentioned above, Chanson 23rd Street suspended its business operation of bakery products and eat-in services in April 2025 and Chanson 3rd Ave suspended all business operation in January 2025, hence, revenue from eat-in services decreased for the six months ended June 30, 2025.

Gross Profit and Gross Margin

Gross profit was $3.9 million for the six months ended June 30, 2025, which increased by 23.6% from $3.1 million for the same period of last year. Gross margin was 44.5% for the six months ended June 30, 2025, which increased by 3.0 percentage points from 41.5% for the same period of last year.

Operating Expenses

Operating expenses were $5.1 million for the six months ended June 30, 2025, compared to $3.7 million for the same period of last year.

  • Selling expenses were $2.8 million for the six months ended June 30, 2025, which increased by 26.3%, from $2.2 million for the same period of last year, mainly due to an increase in selling expenses of $0.6 million from the China Stores. The increase in the China Stores was primarily attributable to (i) an increase in salaries and welfare benefit expenses of $0.21 million, as the China Stores hired additional sales staff for the new stores; (ii) an increase in online platform service fees of $0.14 million, resulting from the increased online sales on the third-party platform during the six months ended June 30, 2025; and (iii) an increase in rental expenses, renovation expenses and electricity expenses of $0.08 million, as twenty-three stores have been opened since the second half of fiscal year 2024.    
  • General and administrative expenses were $2.2 million for the six months ended June 30, 2025, which increased by 53.7 % from $1.5 million for the same period of last year. The increase was primarily due to an    increase in allowance for credit losses of $0.5 million. On April 3, 2023, we entered a loan agreement with Liberty Asset Management Capital Limited (the “Borrower”) to lend the Borrower $2.0 million for two years, with a maturity date of April 3, 2025. Due to the Borrower’s financial distress, we collected $1.5 million upon maturity of the loan, and the remaining balance of 0.5 million was charged off and recognized as the bad debt written-off. The increase in general and administrative expenses was also attributable to the increased audit, legal and professional service fees due to issuance of additional equity security during the six months ended June 30, 2025.

Net Income (Loss)

Net loss was $1.0 million for the six months ended June 30, 2025, compared to net income of $0.02 million for the same period of last year.

Basic and Diluted Earnings (Loss) per Share

Basic and diluted loss per share were $2.87 for the six months ended June 30, 2025, compared to basic and diluted earnings per share of $0.15 for the same period of last year.

Balance Sheet

As of June 30, 2025, the Company had cash of $22.1 million, compared to $12.1 million as of December 31, 2024.

Cash Flow

Net cash used in operating activities was $0.4 million for the six months ended June 30, 2025, compared to net cash provided by $0.8 million for the same period of last year.

Net cash provided by investing activities was $1.5 million for the six months ended June 30, 2025, compared to $1.4 million for the same period of last year.

Net cash provided by financing activities was $8.6 million for the six months ended June 30, 2025, compared to $0.4 million for the same period of last year.

About Chanson International Holding

Founded in 2009, Chanson International Holding is a provider of bakery, seasonal, and beverage products through its chain stores in China and the United States. Headquartered in Urumqi, China, Chanson directly operates stores in Xinjiang, China and New York, United States. Chanson currently manages 60 stores in China, and three stores in New York City while selling on digital platforms and third-party online food ordering platforms. Chanson offers not only packaged bakery products but also made-in-store pastries and eat-in services, serving freshly prepared bakery products and extensive beverage products. Chanson aims to make healthy, nutritious, and ready-to-eat food through advanced facilities based on in-depth industry research, while creating a comfortable and distinguishable store environment for customers. Chanson’s dedicated and highly-experienced product development teams constantly create new products that reflect market trends to meet customer demand. For more information, please visit the Company’s website: http://ir.chanson-international.net/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

Chanson International Holding
Investor Relations Department
Email: IR@chansoninternational.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

CHANSON INTERNATIONAL HOLDING AND SUBSIDIARIES

 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 June 30,

 December 31,

2025

2024

(Unaudited)

(Audited)

 ASSETS

 CURRENT ASSETS:

 Cash and cash equivalents

$

22,092,155

$

12,102,763

 Accounts receivable

2,412,842

991,467

 Inventories

712,040

738,773

 Long term loan to a third-party, current

2,000,000

 Prepaid expenses and other current assets

2,255,097

2,595,417

27,472,134

18,428,420

 NON-CURRENT ASSETS:

 Operating lease right-of-use assets

11,207,618

11,021,615

 Property and equipment, net

5,322,405

4,444,473

 Intangible assets, net

244,375

262,500

 Long term security deposits

681,011

944,170

 Long term debt investment

6,359,014

6,359,014

 Long term prepaid expenses

275,949

315,642

24,090,372

23,347,414

 TOTAL ASSETS

$

51,562,506

$

41,775,834

 LIABILITIES

 CURRENT LIABILITIES:

 Short-term bank loans

$

418,576

$

1,507,159

 Current portion of long-term bank loans

306,956

 Accounts payable

2,443,259

2,127,740

 Due to a related party

2,811

772,489

 Taxes payable

174,290

48,712

 Deferred revenue

7,228,151

6,697,964

 Operating lease liabilities, current

2,221,418

2,325,390

 Other current liabilities

929,801

662,963

13,725,262

14,142,417

 NON-CURRENT LIABILITIES

 Operating lease liabilities, non-current

9,135,236

9,207,971

 Long-term bank loans

4,157,853

13,293,089

9,207,971

 TOTAL LIABILITIES

27,018,351

23,350,388

 COMMITMENTS AND CONTINGENCIES (Note 15)

 SHAREHOLDERS’ EQUITY

 Ordinary shares, $0.08 par value, 62,500,000 shares
authorized; 643,411 shares and 341,247 shares issued
and outstanding as of June 30, 2025 and December
31, 2024, respectively:*

 Class A ordinary share, $0.08 par value, 55,000,000
shares authorized; 572,536 shares and 270,372 shares
issued and outstanding as of June 30, 2025 and
December 31, 2024, respectively

45,802

21,629

 Class B ordinary share, $0.08 par value, 7,500,000
shares authorized; 70,875 shares issued and
outstanding as of June 30, 2025 and December 31,
2024, respectively

5,670

5,670

 Additional paid-in capital

24,610,553

17,724,592

 Statutory reserve

661,924

661,924

 (Accumulated deficit) retained earnings

(657,455)

391,338

 Accumulated other comprehensive loss

(122,339)

(379,707)

 TOTAL SHAREHOLDERS’ EQUITY

24,544,155

18,425,446

 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

51,562,506

$

41,775,834

 * Retrospectively restated for effect of the reverse split on August 18, 2025

 

 

CHANSON INTERNATIONAL HOLDING AND SUBSIDIARIES

 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE (LOSS) INCOME

  For the Six Months Ended June 30, 

2025

2024

 REVENUE

$

8,688,208

$

7,542,682

 COST OF REVENUE

4,822,856

4,415,407

 GROSS PROFIT

3,865,352

3,127,275

 OPERATING EXPENSES

 Selling expenses

2,817,128

2,230,905

 General and administrative expenses

2,238,769

1,456,499

 Total operating expenses

5,055,897

3,687,404

 LOSS FROM OPERATIONS

(1,190,545)

(560,129)

 OTHER INCOME (EXPENSE)

 Interest expense, net

(78,343)

(25,278)

 Other (expense) income, net

(76,487)

314,670

 Interest income from long term debt investment

359,014

359,014

        Total other income, net

204,184

648,406

 (LOSS) PROFIT BEFORE INCOME TAX EXPENSE

(986,361)

88,277

 INCOME TAX EXPENSE

(62,432)

(64,865)

 NET (LOSS) INCOME 

(1,048,793)

23,412

 Foreign currency translation gain

257,368

16,207

 TOTAL COMPREHENSIVE (LOSS) INCOME

$

(791,425)

$

39,619

 (Loss) earnings per ordinary share – basic and diluted

$

(2.87)

$

0.15

 Weighted average shares – basic and diluted *

365,523

155,316

 * Retrospectively restated for effect of the reverse split on August 18, 2025

 

CHANSON INTERNATIONAL HOLDING AND SUBSIDIARIES

 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

  For the Six Months Ended June 30, 

2025

2024

 Cash flows from operating activities:

 Net (loss) income 

$

(1,048,793)

$

23,412

 Adjustments to reconcile net (loss) income to net cash
(used in) provided by operating activities:

 Amortization of operating lease right-of-use assets

1,277,452

1,697,141

 Depreciation and amortization

392,976

445,787

 Write off of bad debts

500,000

 Loss on disposal of property and equipment

77,505

 Accrued interest income from long term debt investment

(359,014)

(359,014)

 Interest income from loan to a third-party

(44,877)

 Changes in operating assets and liabilities:

 Accounts receivable

(1,387,301)

(40,507)

 Inventories

37,621

(65,027)

 Prepaid expenses and other current assets

372,248

286,121

 Long term security deposits

269,171

49,350

 Long term prepaid expenses

44,851

32,953

 Accounts payable

277,671

213,875

 Taxes payable

124,895

(19,020)

 Deferred revenue

403,151

299,816

 Other current liabilities

255,300

(79,738)

 Operating lease liabilities

(1,628,032)

(1,634,128)

 Net cash (used in) provided by operating activities

(390,299)

806,144

 Cash flows from investing activities:

 Purchase of property and equipment

(310,368)

(34,268)

 Proceeds from disposal of property and equipment

34,562

 Interest income received from long term debt investment

359,014

534,575

 Repayment from loans to third parties

1,500,000

862,088

 Net cash provided by investing activities

1,548,646

1,396,957

 Cash flows from financing activities:

 Proceeds from sales of the Equity Security Units, net of
issuance costs

6,910,134

 Proceeds from short-term bank loans

413,658

422,095

 Repayments of short-term bank loans

(1,516,747)

 Proceeds from long-term bank loans

4,412,355

 Payments made to a related party

(1,640,710)

(56,298)

 Net cash provided by financing activities

8,578,690

365,797

 Effect of exchange rate fluctuation on cash and cash
equivalents

252,355

57,630

 Net increase in cash and cash equivalents

9,989,392

2,626,528

 Cash and cash equivalents, beginning of period

12,102,763

1,481,302

 Cash and cash equivalents, end of period

$

22,092,155

$

4,107,830

 Supplemental cash flow information

 Cash paid for income taxes

$

14,995

$

40,889

 Cash paid for interest

$

74,745

$

68,450

 Non-cash operating, investing and financing activities

 Property and equipment acquired in settlement of the
amount due from a related party

$

954,293

$

 Reduction of right-of-use assets and operating lease
obligations due to early termination of lease agreement

$

270,532

$

60,277

 Right of use assets obtained in exchange for operating
lease liabilities

$

1,560,535

$

1,697,141