E-Home Household Svc Hldgs Ltd Stock Price, News & Analysis

E-Home Household Services Holdings Limited (NASDAQ: EJH), based in Fuzhou, China, has announced significant contracts totaling over RMB 21 million. The company secured greening maintenance and community cleaning care contracts with Vanke Group and several electrical repair projects for Regional Centers for Disease Control and Prevention and Yili Engineering. This contract win showcases the company's professional capability and is expected to enhance its brand image and market presence. The integrated service model aligns with industry trends, promising new growth opportunities as resident demands increase.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has received a notification from Nasdaq regarding non-compliance with the minimum bid price of $1.00 per share, as outlined in Nasdaq Listing Rule 5550(a)(2). This deficiency was noted over 30 consecutive business days from November 7 to December 19, 2022. The company has until June 19, 2023, to regain compliance. If not, a second 180-day period may be available under certain conditions. E-Home plans to monitor its share price and consider options for compliance.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced significant progress in establishing Haixia Home Management College in Pingtan, China, backed by dedicated investors and government support. The college aims to address the lack of professional training in the home care service sector, which is growing at 20% annually. An investment of 600 million RMB is planned, with 300 million RMB allocated for the first phase. The college will train up to 50,000 students in vocational education, aiming for an annual output value exceeding 1 billion RMB and enhancing the home management industry.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced its subsidiary Zhongrun's initiative to expand market reach for medical products in China through online and offline channels. In response to a new government notice on Internet medical services amid the pandemic, Zhongrun mobilized anti-epidemic drugs across clinics and pharmacies, offering a no-price-increase policy. The launch of a cloud pharmacy service facilitates 24-hour access to medicines via automatic shopping machines. Chairman Wenshan Xie highlighted the potential for increased profitability as demand for home-based medical services rises in the post-epidemic landscape.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has signed a non-binding MOU to acquire 100% of Fujian Min High-tech Energy Technology Co., Ltd. The acquisition involves cash and stock, marking E-Home's expansion into the new energy sector. Min High-tech Energy specializes in solar, wind, and biomass energy, alongside energy efficiency management. The Chairman of E-Home stated this acquisition aims to enhance energy optimization and align with national energy conservation goals. The company plans further acquisitions to bolster competitiveness.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced on October 24, 2022, that it has regained compliance with Nasdaq's minimum bid price requirement. The Company received notification that its common shares have traded above $1.00 for 10 consecutive days, from October 4 to October 17, 2022. Founded in 2014 in Fuzhou, China, E-Home provides integrated household services, including appliance installation, housekeeping, and elder care, while incorporating metaverse technology for service enhancement.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced a strategic plan via its subsidiary Zhongrun (Fujian) Pharmaceutical Co., Ltd. to enhance market coverage and diversify medical products in Fujian, China. The company aims to transition from wholesale to retail operations through online and offline channels. A partnership with Zhejiang Huisong Pharmaceutical Co. Ltd. is expected to yield annual sales of approximately RMB 20 million, focusing on epidemic prevention and influenza drugs. This initiative aims to bolster profitability amid health crises.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced that its subsidiary, Putian YouYou Cleaning Co., Ltd., secured RMB20 million ($2.8 million) in property cleaning and residential green belt maintenance contracts. These contracts involve cleaning services for 20 residential areas covering over 3 million square meters for one to two years. Chairman and CEO Wenshan Xie emphasized YouYou's service quality and adaptability in meeting customer demands, aiming to strengthen market presence and client trust.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the signing of multiple household cleaning contracts in Fujian province, China. These contracts involve daily hygiene maintenance, garbage sorting and disposal for managed properties, along with pest extermination and disinfection services. The projects aim to enhance the company’s performance for 2022 and 2023 while continuing to build long-term relationships with clients. E-Home provides a range of integrated household services through its digital platforms since its establishment in 2014, focusing on both consumer and business clients.