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

E-Home Household Service Holdings (EJH) reported a promising outlook for the fiscal year ending June 30, 2022. The company anticipates significant revenue growth, with over 3 million registered members and 1 million total service orders. Key service segments include more than 500,000 installation and maintenance orders, nearly 700,000 housekeeping orders, and over 50,000 senior care services. Despite the challenges posed by COVID-19, the CEO highlighted strategic adjustments and new initiatives aimed at expanding revenue streams and increasing market share.

E-Home Household Service Holdings Limited (NASDAQ: EJH) announced an update on its provisional study into traditional Chinese medicine (TCM) for Monkeypox. The study is being conducted through Zhongrun (Fujian) Pharmaceutical Co., Ltd. Preliminary results suggest certain TCM herbs may effectively manage Monkeypox symptoms. The company plans to increase the supply of beneficial herbs to enhance research. Chairman and CEO Wenshan Xie emphasized their commitment to providing comprehensive treatment options based on these findings.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced that its subsidiary, Happiness Yijia, has been recognized as a high-quality household services brand in Fuzhou, China. Additionally, another subsidiary, Jiajiale, has been elected to the governing board of the Fuzhou Household Services Association, highlighting its industry reputation. These achievements affirm E-Home's commitment to innovation and quality in the household services sector, utilizing AI technology for enhanced customer service and training.

E-Home Household Service Holdings Limited (NASDAQ: EJH) has announced its commencement of supplying traditional Chinese medicine (TCM) herbs for studies into treatment applications for Monkeypox. This initiative follows E-Home's acquisition of a majority stake in Zhongrun (Fujian) Pharmaceutical Co., Ltd. Zhongrun will collaborate with hospitals and TCM institutions to provide these herbs. With rising Monkeypox cases in the U.S., the company aims to leverage its resources to enhance TCM research, targeting effective symptom relief using established TCM practices.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has commenced testing its robot cleaners aimed at enhancing household services in China. This initiative comes as urban consumers increasingly prioritize hygiene and convenience post-pandemic. The robot model is engineered for effective navigation and cleaning, addressing hard-to-reach areas and ensuring thorough disinfection. Chairman Wenshan Xie emphasized the company's commitment to integrating smart appliances into daily life at accessible prices. E-Home aims to redefine household management through innovative technology.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has announced a Memorandum of Understanding to acquire 100% of Fujian Chuangying Business Technology Co., Ltd. The acquisition aims to enhance E-Home's capacity in integrated corporate services and job skills training.

Founded in 2013, Chuangying Business provides training to thousands of enterprises and personnel, positioning itself as a leader in the corporate service sector. E-Home's CEO expressed optimism about leveraging this acquisition to expand their customer base and strengthen training programs, anticipating that it could significantly drive future growth.

E-Home Household Service Holdings Limited (NASDAQ: EJH) announced a provisional investigation into the use of traditional Chinese medicine for treating Monkeypox, leveraging its majority ownership in Zhongrun (Fujian) Pharmaceutical Co., Ltd. This company specializes in traditional Chinese medicines and medical products. Although Monkeypox is generally not fatal, treatments are currently lacking. The investigation aligns with the guidelines from China's National Health Commission, suggesting potential holistic treatments could be developed. CEO Mr. Wenshan Xie emphasized the long-standing reliability of traditional medicine in treating various illnesses.

E-Home Household Service Holdings Limited (Nasdaq: EJH) recently acquired a 55% stake in Zhongrun (Fujian) Pharmaceutical Co., Ltd., a drug wholesaler specializing in traditional Chinese medicine. This strategic acquisition aims to expand E-Home's market presence in the health sector by supplying key herbal ingredients and partnering with healthcare institutions across China. The CEO highlighted the growing interest in traditional medicine, suggesting significant revenue potential for the company. E-Home expects this move to enhance its supply chain capabilities and foster business performance.

E-Home Household Service Holdings, through its Hong Kong subsidiary, has acquired a 55% stake in Zhongrun (Fujian) Pharmaceutical, marking its entry into the pharmaceutical sector. Founded in 2017, Zhongrun is a prominent distributor of traditional Chinese medicines and health products. The acquisition allows E-Home to appoint two-thirds of Zhongrun's board, aiming to leverage its established market presence and expand its household service ecosystem. This strategic move is anticipated to enhance revenue and performance, tapping into the growing health industry in China.