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

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.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the acquisition of 60% of Putian YouYou Cleaning Co., Ltd. and 40% of Shenzhen Chinese Enterprises Industrial LianBao Appliance Service Co., Ltd. E-Home will pay RMB36 million (approx. $5.65 million) for YouYou through cash and shares, while LianBao’s acquisition will cost RMB63.2 million (approx. $9.93 million), also via share issuance. YouYou reported RMB25 million revenue and RMB2.25 million net profit in 2021, and LianBao reported sales of RMB70 million with a net profit of RMB4.95 million.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has launched a new cleaning robot equipment leasing department aimed at enhancing its cleaning service business in China. The initiative involves importing advanced cleaning robots from Japan and the USA, which is expected to lower labor costs and improve market share. The company anticipates this new segment to generate approximately $15 million in revenue and around $3 million in net income for 2022. CEO Wenshan Xie highlighted this move as a response to the growing demand for improved cleaning services amid rising operational costs.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has launched preventive anti-virus disinfection and cleaning services in response to a recent surge in Covid-19 cases in China. This initiative targets households and public areas, providing essential cleaning to reduce the spread of pathogens. CEO Wenshan Xie emphasized that these services are crucial for safety and will enhance the company's reputation and financial performance. As the pandemic prompts renewed health measures, E-Home aims to offer consistent, professional disinfection services across various locations.

E-Home Household Service Holdings Limited (Nasdaq: EJH) emphasizes its commitment to the household service industry, leveraging the growing demand driven by China’s three-child policy and an aging population. The company provides a range of services including appliance installation, housekeeping, and healthcare. With nearly a decade of experience, E-Home aims to integrate fragmented market players into a cohesive service model. The company anticipates that its business will exceed 10 billion within five years, reinforced by its investments in health and senior care sectors.

E-Home Household Service Holdings Limited (EJH) announced the full deployment of its "Internet + Smart Pension" program for 2022, aiming to target the aging population in China. The initiative will expand across major Chinese cities, with membership expected to grow significantly from nearly 100,000. The program offers a comprehensive technological platform to assist the elderly in accessing domestic care services through simple internet tools. The CEO emphasized the extensive market potential for elderly care, projected to reach trillions, while advocating for continuous technological innovation in home-based elderly care services.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced an acquisition of 51% equity interests in Fuzhou Sijie Cleaning Service Co., Ltd. This acquisition aims to expand E-Home's services into the public cleaning market, enhancing its operational capabilities. The partnership is expected to leverage E-Home's brand reputation to accelerate growth in high-end cleaning services. Sijie Cleaning provides comprehensive cleaning services, including environmental testing and formaldehyde treatment, and has established long-term partnerships with notable clients.

E-Home Household Service Holdings Limited (Nasdaq: EJH) provided a corporate update in a letter to shareholders from Chairman and CEO Wenshan Xie. The company reported a strong fiscal 2021 with revenue increasing by 61.31% to $74.53 million and a net income rise of 13.44% to $6.41 million. E-Home is focusing on expanding its integrated household services, including senior care, amid a growing market valued at approximately $137.2 billion. Recent acquisitions aim to enhance their service capabilities. The dissolution of their variable interest entity (VIE) structure is expected to improve transparency for shareholders.