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E-Home Household Service Holdings announced its financial results for the six months ended December 31, 2023. Total revenues were $26.95 million, with a gross profit margin of 24.4%. However, net profit decreased due to increased expenditure on brand promotion and advertising. The company's net assets were $149.11 million as of December 31, 2023. The company expanded its public cleaning business, restructured elderly care and electrical maintenance businesses, and signed contracts for property and public place cleaning. Despite challenges from economic downturn and industry changes, the company's turnover remained stable.
The company's Chairman and CEO, Mr. Wenshan Xie, expressed confidence in improving profitability by restructuring business models, adding new contracts, implementing a strategic plan for cleaning services, and introducing AI technology for customer service and housekeeping.
E-Home Household Services Holdings (NASDAQ:EJH) has signed cleaning service agreements with several property companies in China, totaling over RMB 6 million. The company aims to provide quality services and expand its market presence through these contracts.
