US Stock Market Move | Quantasing Group Ltd. ADR (QSG.US) rose over 11%

On September 19th (Tuesday), Quantasing Group Ltd. ADR (QSG.US) closed up 11.59% at $1.83 per share. The financial report shows that the company's total revenue for the 2024 fiscal year reached $3.8 billion, a year-on-year increase of 23.2%; fourth quarter revenue was $1 billion, a year-on-year increase of 20.7%; adjusted net profit has been profitable for seven consecutive quarters, and profitability continues to improve. Quantasing Group Ltd. ADR users continue to maintain high-quality growth. As of June 30, 2024, the total number of registered users of Quantasing Group Ltd. ADR reached 127.6 million. The vigorous development of the silver economy is an important strategic direction for addressing population aging. In early 2024, both the Central No. 1 Document "Opinions of the General Office of the State Council on Developing the Silver Economy to Improve the Well-being of the Elderly" and the "2024 Government Work Report of the State Council" emphasized the strengthening of elderly consumer goods and services supply, accelerating the release of new momentum for the silver economy, and pushing the development of the silver economy into the "fast lane". In June, Quantasing Group Ltd. ADR released the "Middle-aged and Elderly Service Market White Paper" data showing that the scale of China's middle-aged and elderly consumer market exceeds 14 trillion yuan, and is expected to maintain a strong growth trend in the next five years. With the process of population aging, its diversified and high-level demands are driving the industry to expand into broader and deeper fields.