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China Index Holdings Limited (NASDAQ: CIH) reported its unaudited financial results for the first half of 2021. Total revenues reached RMB286.4 million, up 1.2% from RMB283.0 million in 2020. However, operating income decreased by 3.6% to RMB132.9 million, and net income also fell by 1.8% to RMB123.9 million. Revenue from SaaS services grew 6.9% to RMB137.9 million, while marketplace services saw a decline of 3.6% to RMB148.5 million. Despite these challenges, the company plans to enhance its R&D investment.
China Index Holdings Limited (NASDAQ: CIH) filed its annual report on Form 20-F for the year ending December 31, 2020, with the SEC on November 15, 2021. This report includes audited combined and consolidated financial statements. Interested shareholders can access the report via the SEC website or CIH's investor relations site. CIH is a leading provider of real estate information and analytics services in China, offering extensive databases and analytical tools for industry participants, including developers, brokers, and financial institutions.
China Index Holdings Limited (NASDAQ: CIH) has announced a settlement concerning the convertible notes issued by Fang Holdings Limited. Following a winding-up petition filed in 2020 against Fang, CIH will pay a total of US$84,313,094 to convertible notes holders by December 31, 2021. The Company and Fang will share this liability, with payments structured as 50% due on September 30, 2021, and the remaining by year-end. Fang has also agreed to repay CIH by December 31, 2023. This settlement addresses CIH's obligations linked to the financial turmoil faced by Fang.
China Index Holdings Limited (NASDAQ: CIH) reports a delay in filing its annual report for the fiscal year ended December 31, 2020, with the SEC. The company filed Form 12b-25 on May 3, 2021, allowing a deadline extension until May 17, 2021. CIH is working to file the report following negotiations between Fang Holdings Limited and its convertible note holders, contingent on finalizing financial statements and internal controls. On May 19, 2021, CIH received a notification from Nasdaq regarding non-compliance with listing rules, providing a 60-day window to submit a compliance plan.
China Index Holdings Limited (NASDAQ: CIH) reported strong financial results for Q4 and fiscal year 2020, demonstrating resilience despite industry challenges. Q4 revenues rose by 8.1% to RMB182.0 million, with net income increasing by 22.8% to RMB91.8 million. For the full year, total revenues reached RMB635.9 million, an increase of 9.7%, and net income was RMB294.0 million, up 19.8% from 2019. The company anticipates maintaining a double-digit growth momentum in total revenue for 2021.
China Index Holdings Limited (NASDAQ: CIH) will report its unaudited financial results for the fourth quarter ended December 31, 2020, before U.S. market opens on March 12, 2021. A conference call will be held on the same day at 7:00 AM ET, with dial-in options provided for participants. The company offers a comprehensive real estate information and analytics service platform in China, serving various market participants including developers and financial institutions. For more details, visit the company's investor relations page.
China Index Holdings Limited (NASDAQ: CIH) announced that its board received a preliminary non-binding proposal from General Atlantic Singapore Fund to acquire all outstanding shares and American Depositary Shares at $2.32 each. This represents a 25% premium over the stock price as of November 27, 2020, and a 33% premium on the 30-day average price. General Atlantic plans to finance this acquisition primarily through equity. The Board will independently evaluate the proposal, which has no definitive agreement yet.
China Index Holdings Limited (NASDAQ: CIH) has scheduled its 2020 annual general meeting (AGM) for December 18, 2020, at 10 a.m. in Beijing. The AGM will be a forum for shareholders to discuss company affairs with management, with no proposals submitted for approval. The record date for shareholder eligibility is set for November 18, 2020. Shareholders, including Class A, Class B ordinary shares, and American depositary shares (ADSs) holders, are invited to attend. CIH’s annual report for 2019 can be accessed on its investor relations website.
China Index Holdings Limited (NASDAQ: CIH) reported strong financial results for Q3 2020, with total revenues reaching RMB170.9 million, a year-over-year increase of 8.0%.
Operating income rose 12.9% to RMB86.5 million, while net income surged 15.3% to RMB76.1 million.
The company attributed revenue growth to its information and analytics services, which increased 14.4% to RMB88.8 million. Management expects to sustain a double-digit growth trajectory in both revenue and net profits for the fiscal year.
China Index Holdings Limited (NASDAQ: CIH) will announce its unaudited financial results for the third quarter ended September 30, 2020, on November 11, 2020, before U.S. markets open. A conference call will take place at 7:00 AM ET the same day, with participant registration required in advance. CIH is recognized as a major provider of real estate information and analytics in China, serving various market participants, including developers and financial institutions. For further details, visit their website.
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