A few days ago, Chenhui Guangbao successfully landed on NASDAQ in the United States and became the leader of Chinese lighting companies listed on the US capital market. Yesterday morning, Zhao Guosong, chairman of Chenhui Guangbao Company, told reporters that the closing price of the company's stock the previous day was 4 US dollars. In the current weak capital market in the United States, Chenhui Lite still showed a strong trend, compared with the opening of the listing. At the time of $2, the company’s stock price has doubled.
It is reported that the stock code is CHHN's Chenhui Guangbao International Co., Ltd., with a total number of 120 million shares. On the day of listing, due to the good performance and growth prospects of Chenhui Guangbao, this stock from China was recognized and sought after by investors, and the trading was very active. The stock price rose 100% on the same day.
Founded in 1994, Chenhui Guangbao Company is only a small factory of more than 20 people more than 10 years ago. It has three R&D and manufacturing bases and 11 international advanced automatic light source production lines. The annual output of light source products is 120 million and lamps 1500. With 10,000 sets, the marketing network covers more than 120 countries and regions in the world. In 2005 and 2006, Chenhui Guangbao won the National Energy Conservation Contribution Award for two consecutive years. On April 3 this year, in the bidding for the national high-efficiency lighting product promotion project, Chenhui Guangbao stood out from more than 30 well-known enterprises including international lighting giants and became one of the winning bidders covering five tenders. Especially in China's first batch of 50 million energy-saving lighting promotion products, Chenhui Guangbao took on the promotion task of 6.9 million in one fell swoop and became the main force in China's lighting energy-saving project.
Zhao Guosong introduced that the listing on the NASDAQ in the United States is another major leap in the company's expansion into the global market. The funds raised after the listing are planned to be used for the development of the main business, with a focus on the energy-saving lighting recycling economy in the Shangyu Industrial Park in Hangzhou Bay. project. The company is currently working with the famous American New Bridge Investment Corp., according to the plan earlier this year, to add 24 million shares to the NASDAQ market by the end of the year.
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