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

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.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has signed contracts with Fujian Fusheng Property Management and Shanghai Fanying Environment Engineering to provide domestic garbage sorting and dumping services. These initiatives aim to reduce carbon emissions, promote recycling, and minimize landfill use. The contracts follow E-Home's recent announcement of specialized waste management services aimed at environmental sustainability. CEO Wenshan Xie expressed commitment to expanding their carbon-neutral initiatives, including energy-from-waste facilities, supporting both environmental goals and business growth.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has launched its Digital Human as a Service (DHaaS) employee training program aimed at enhancing workforce skills through AI technology. Launched on July 18, 2022, this initiative includes a virtual customer service guide named 'Xiao e,' which offers 24/7 assistance in the Metaverse. This program supports the training of staff, including nannies and nursing workers, focusing on professional service terminologies, safety guidelines, and skillset preparation, advancing E-Home's metaverse strategy and commitment to service excellence.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has launched a new ‘carbon neutral’ initiative aimed at enhancing waste classification and emission reduction services in China. The program will include tailored garbage bags to promote environmentally-friendly waste sorting, along with a focus on providing services for public institutions. The company plans to introduce training for ‘Carbon Emission Managers’ to align with China's goals for carbon neutrality by 2060. This initiative is expected to create new job opportunities and potentially expand revenue streams while supporting the country’s broader environmental objectives.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced a new service contract with PICC Fujian, expected to generate RMB2-3 million in annual revenue. The company will provide cleaning and maintenance services to PICC Fujian’s insurance clients as part of an incentive program. Additionally, its subsidiary YouYou secured a RMB1.4 million contract for property cleaning services with Fujian Bon Property Management Group. This will enhance E-Home's service offerings and reinforce its revenue stream, demonstrating its growth potential in the household services market.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced new contracts worth RMB4.7 million for property cleaning services during April-May 2022. The contracts include RMB0.8 million directly signed by E-Home and RMB3.9 million awarded to its subsidiary, Putian YouYou Cleaning Co., Ltd. YouYou, a leading cleaning provider, will serve neighborhoods covering a total of 1.36 million square meters, including properties managed by major firms. E-Home expresses commitment to delivering efficient hygiene maintenance services and fostering long-term partnerships with clients.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the acquisition of RMB18 million in new contracts for property cleaning services in April-May 2022. The contracts include RMB5 million from E-Home and RMB13 million awarded to its subsidiary, Putian YouYou Cleaning Co., Ltd. The service agreements will maintain cleanliness in designated neighborhoods for 12 to 25 months. CEO Wenshan Xie emphasized the contracts signal a recovery post-COVID-19, reflecting the company's service quality and industry standing.

E-Home Household Service Holdings Limited (Nasdaq: EJH) reported an expected revenue of over 83 million yuan and a net income exceeding 2 million yuan for Q3 2021. The company anticipates over 260,000 service orders from more than 217,000 customers during this period. Key segments include installation and maintenance services generating over 50 million yuan, housekeeping services with revenues exceeding 21 million yuan, and senior care services expecting more than 9 million yuan. The company credits China's recovery from COVID-19 for increased demand and remains optimistic about sustaining growth in 2022.