Welcome to our dedicated page for E-Home Household Svc Hldgs news (Ticker: EJH), a resource for investors and traders seeking the latest updates and insights on E-Home Household Svc Hldgs stock.
E-Home Household Service Holdings Limited (NASDAQ: EJH) is a Fuzhou-based integrated home services provider in China. Company announcements describe a business built around installation and maintenance of home appliances and smart homes, housekeeping, nanny and maternity matron services, home-based elderly care, and cleaning of public establishments. E-Home also highlights its dual ToC and ToB channels, serving both individual households and public cleaning projects.
The EJH news feed on Stock Titan surfaces company-issued updates and related coverage about these activities. Recent releases emphasize E-Home’s use of "Internet + AI" in its operations, including AI customer service, AI robotic automatic cleaning equipment for public place cleaning projects, and AI-powered home cleaning robots intended to gradually replace manual household cleaning services. News items also cover the launch of the AI Home Trainer, which the company describes as an AI and metaverse-based trainer for domestic service personnel.
Investors and observers following EJH news can track developments such as the establishment of E-Home’s Resource Recycling Department, which focuses on recovering used home appliances and materials through its service network, and the company’s plans and decisions regarding Fuzhou Yunding Mutual Chain Information Technology Co., Ltd., an IoT platform company focused on AI access control systems and smart community services. Additional news covers cooperation between E-Home’s subsidiary Zhongrun (Fujian) Pharmaceutical Co., Ltd. and NBL Pharmaceuticals (New Zealand) Limited, as well as capital markets actions like share consolidations and registered offerings disclosed in press releases and Form 6-K filings.
By reviewing the EJH news stream, readers can see how E-Home presents its strategy of combining traditional domestic services with AI, IoT and resource recycling initiatives, and how it communicates its efforts to expand service scope, pursue acquisitions and cooperation, and adjust its capital structure.
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.
E-Home Household Service Holdings Limited (EJH) reported its financial results for the six months ending December 31, 2021, with total revenue of $34.08 million, reflecting a 22.7% decline YOY. Revenue from senior care services rose 70.42% to $4.09 million. Cash reserves grew to $59.32 million. The company faced challenges due to COVID-19 lockdowns impacting operations, resulting in a net loss of $0.61 million compared to a net income of $8.90 million in the previous year. Despite the downturn, E-Home remains optimistic about future earnings and growth prospects.
E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the launch of its Digital Human as a Service (DHaaS) platform, featuring a virtual assistant named 'Xiao e' for customer service. The platform leverages AI technology to enhance user experience in the Metaverse, providing 24/7 assistance and virtual training for service staff. E-Home expects this initiative, along with strategic acquisitions, to boost business growth by nearly 30% in 2022. The company aims to revolutionize household services through advanced technology and improved training methods.
E-Home Household Service Holdings Limited (Nasdaq: EJH) announced plans to acquire Zhongrun (Fujian) Pharmaceutical Co., Ltd., a prominent operator in China's medicine and personal care products sector. The acquisition is expected to be completed within two months. Zhongrun boasts an annual revenue exceeding RMB 100 million and provides drug development, sales, and medical equipment services. E-Home aims to enhance its household services by integrating pharmaceutical offerings, tapping into the growing health industry, and expanding its market presence in China and internationally.
E-Home Household Service Holdings Limited (EJH) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement of $1.00 per share, as outlined in Listing Rule 5550(a)(2). This notification came on March 3, 2022, following 30 consecutive business days of trading below the required price. The Company has until August 30, 2022, to achieve compliance by maintaining a bid price of at least $1.00 for 10 consecutive business days. Failure to comply may lead to delisting, although the Company has options to address the issue.
E-Home Household Service Holdings Limited (Nasdaq: EJH) announced a share repurchase program of up to $8 million, authorized by its Board of Directors. The program allows repurchases over the next 9 months, funded by the company's cash reserves. The decision is based on capital needs and market conditions. The company aims to enhance shareholder confidence and value, reflecting its strong business performance and growth strategy in the household services sector.
E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the launch of its Digital Human as a Service (DHaaS) on March 18, 2022. The service features 'Xiao Yi', a virtual digital human customer service guide, designed to enhance customer experiences in the metaverse. This initiative aims to optimize operational efficiency and reduce costs, allowing for 24/7 customer support and seamless navigation of E-Home's services. The development is part of E-Home's broader metaverse strategy focused on improving service delivery and client engagement.
E-Home Household Service Holdings Limited (EJH) has announced its entry into the metaverse with plans for digital transformation in household services. The company intends to create metaverse brand ambassadors, enhancing online marketing and offering 24/7 customer service. Additionally, E-Home will establish an AI technology unit to facilitate strategic partnerships for developing a Metaverse platform. CEO Wenshan Xie highlighted that these initiatives aim to improve operational efficiency and reduce costs through digital training and services, anticipating strong growth in earnings as the metaverse trend continues.