E-Home Household Service Holdings Limited Ordinary Shares - EJH STOCK NEWS

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.

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.