On Thursday, shares of ORIS.US soared more than 84% in pre-market trading, reaching $2.82. The company, Min Dong Hong Group, is based in China's Fujian Province, where it specializes in the cultivation, processing, and refining of white and red tea. These products are then sold to distributors and end consumers across China.
White tea is the core product for Min Dong Hong, contributing significantly to its revenue. From 2022 to 2023, the company's total revenue was 20.2 million yuan and 19.9 million yuan, with white tea accounting for 83.2% and 82.4% of the total revenue respectively. Meanwhile, red tea contributed 16.7% and 15.7% to the total revenue during the same periods.
