CIH - CIH STOCK NEWS

China Index Holdings Limited (NASDAQ: CIH) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's American depositary shares (ADSs) closed below $1 for 30 consecutive business days from April 18 to May 27, 2022. CIH has a 180-day compliance period, ending November 28, 2022, to regain compliance by maintaining a closing bid price of at least $1 for ten consecutive business days. During this period, CIH's ADSs will continue to be listed and traded on Nasdaq.

China Index Holdings Limited (NASDAQ: CIH) reported its unaudited financial results for Q1 2022, revealing total revenues of RMB118.5 million, down 11.4% from RMB133.7 million in Q1 2021. Operating income decreased by 25.5% to RMB45.3 million, and net income fell 25.9% to RMB41.9 million. Revenue drops stem from broad macro challenges, affecting SaaS and marketplace services. Cost-saving measures led to a 14.1% reduction in cost of revenues. The company anticipates a 10% revenue decline for 2022 due to unstable market conditions.

China Index Holdings Limited (NASDAQ: CIH) announced it will report its unaudited financial results for Q1 2022 on May 20, 2022, prior to U.S. market opening. A conference call will follow at 7:00 AM ET on the same day, providing stakeholders with insights into the company’s performance. Interested participants must register online at least 20 minutes before the call. The company operates a prominent real estate information and analytics platform in China, serving a diverse client base including developers and financial institutions. For more information, visit the CIH investor relations site.

MV Index Solutions GmbH reports strong growth for Q1 2022, launching 18 new indexes and achieving a 31% annualized growth rate in licensed index assets, totaling $35.8 billion. The demand for innovative indexes remains high despite market volatility and geopolitical challenges. Notably, 50% of the newly launched indexes focus on digital assets, reflecting a growing interest in areas like smart contracts and the metaverse. With approximately USD 34.77 billion in assets under management, MVIS continues to lead in the digital asset index space.

China Index Holdings Limited (NASDAQ: CIH) reported unaudited financial results for Q4 and fiscal year 2021. Q4 revenues fell by 4.5% to RMB173.8 million, primarily due to a decline in marketplace services, which dropped 11.2%. However, operating income reached RMB95.8 million, a significant improvement from a loss of RMB451.6 million in Q4 2020. Fiscal year revenues totaled RMB621.0 million, down 2.4% from 2020, but net income rose to RMB279.2 million from a loss of RMB318.4 million. The company anticipates a further revenue decline of 10% for 2022.

China Index Holdings Limited (NASDAQ: CIH) announced it will release its unaudited financial results for Q4 ended December 31, 2021, on March 24, 2022, before the U.S. market opens. The company will hold a conference call at 7:00 AM U.S. ET that day.

CIH operates a leading real estate information and analytics service platform in China, providing comprehensive data and tools to real estate professionals and institutions.

China Index Holdings Limited (NASDAQ: CIH) announced a change in its Board of Directors on February 28, 2022. Mr. Vincent Tianquan Mo has stepped down as Chairman for personal reasons, without any disagreement regarding company operations. Mr. Richard Jiangong Dai has been appointed as the new Chairman, bringing extensive experience from Fang Holdings and his own ventures. With Mr. Dai's appointment, the Board will now comprise five directors, including three independent members, aimed at enhancing shareholder value.

China Index Holdings Limited (NASDAQ: CIH) announced the dismissal of KPMG Huazhen LLP as its auditor on December 17, 2021, and appointed MaloneBailey, LLP as its new independent registered public accounting firm. The company's previous two fiscal years did not reveal any disagreements with KPMG on audit-related matters, although KPMG had noted a material weakness in CIH's internal financial reporting controls. The change was approved by the company’s board and audit committee, and CIH thanked KPMG for its services over the past years.