Welcome to our dedicated page for Leju Holdings news (Ticker: LEJU), a resource for investors and traders seeking the latest updates and insights on Leju Holdings stock.
Leju Holdings Limited (NYSE: LEJU) is a prominent provider of online-to-offline (O2O) real estate services in the People's Republic of China. The company specializes in real estate e-commerce, online advertising, and online listing services, leveraging a robust online platform that includes websites covering 386 cities and various mobile applications. Leju also manages numerous real estate and home furnishing sites for Sina Corporation and maintains official accounts on popular social platforms such as Weixin and Weibo.
Leju's offerings span several key areas:
- Real Estate E-commerce: The company facilitates online property viewing, physical property visits, marketing events, and pre-sale customer support, as well as transactions in the home furnishing sector for new residential properties.
- Online Advertising: Leju sells advertising space primarily on Sina's new residential properties and home furnishing websites, and acts as an advertising agent for Sina's home page and other non-real estate sites.
- Discount Coupons: The company offers selling discount coupons, enhancing the value proposition for customers and real estate developers alike.
Recently, the company announced its unaudited financial results for the first half of 2023. Despite the challenging market conditions due to the sluggish real estate industry in China, Leju reported total revenues of $158.5 million, reflecting a decrease of 6% from the same period in 2022. Notably, revenues from e-commerce services were stable in RMB terms, increasing by 9% from the same period in 2022.
Leju's strategic adjustments in response to market difficulties have been aimed at ensuring business stability and exploring new opportunities. The company has also taken steps to optimize its real estate regulatory measures, with local governments introducing supportive measures in multiple regions.
Financially, Leju reported a net loss of $19.5 million for the first half of 2023, compared to a net loss of $52.8 million for the same period in 2022. The company's cash and cash equivalents stood at $106.2 million as of June 30, 2023.
Furthermore, Leju's board of directors authorized a share repurchase program in November 2023, allowing the company to repurchase up to $2 million of its shares over the next 12 months, funded from its existing cash balance.
Leju continues to maintain strategic partnerships with key players in the industry, including Tencent Holdings Limited. This collaboration, along with the company's extensive online platform and complementary offline services, positions Leju as a leading entity in China's real estate and home furnishing industries.
Leju Holdings Limited (NYSE: LEJU) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, on April 13, 2022. The report, which includes audited financial statements, is available on the company's investor relations website. Shareholders and ADS holders can request a hard copy of the report free of charge. Leju is a prominent e-commerce and online media platform in China's real estate and home furnishing sectors, operating over 380 cities with various mobile applications and local websites, and partnering with SINA Corporation and Tencent Holdings Limited.
Leju Holdings Limited (NYSE: LEJU) reported a challenging financial performance for both the second half and full year of 2021. Total revenues fell by 47% to $233 million in H2 2021, with e-commerce and online advertising revenues dropping by 48% and 45% respectively. The company faced a net loss of $103.2 million, compared to a net income of $17.8 million a year prior. For the full year, revenues decreased by 26% to $534.1 million, with a net loss of $150.9 million. The downturn is attributed to adverse conditions in China's real estate market and increasing bad debt provisions.
Leju Holdings Limited (NYSE: LEJU) will report its unaudited financial results for the second half and full year of 2021 on March 31, 2022, prior to U.S. market opening. The earnings conference call is set for 7 a.m. ET on the same day. Investors can access the call via a pre-registration link, ensuring to dial in 10 minutes early with the provided credentials. Leju is a prominent e-commerce platform in China's real estate and home furnishing sectors, with services spanning over 380 cities.
Leju Holdings Limited (NYSE: LEJU) has received a non-compliance notice from the New York Stock Exchange regarding its American depositary shares (ADSs), which are trading below the required average closing price of $1.00 over 30 trading days. The notice dated January 6, 2022, requires Leju to rectify this by achieving the compliance price within six months. Failure to do so may lead to suspension and delisting. Leju is currently monitoring market conditions and exploring options to regain compliance.
Leju Holdings Limited (NYSE: LEJU) will hold its annual general meeting (AGM) on December 7, 2021, in Shanghai, with no proposals for shareholder approval. Shareholders as of November 19, 2021, can attend the meeting to discuss company affairs. Leju is a top e-commerce and online media platform in China's real estate and home furnishing sectors, operating in over 380 cities. The company maintains strategic partnerships with SINA Corporation and Tencent Holdings Limited.
Leju Holdings Limited (NYSE: LEJU) reported unaudited financial results for H1 2021, showing a 8% increase in total revenues to $301.1 million, driven mainly by a 13% revenue growth in e-commerce services to $231.4 million. However, it suffered a significant operating loss of $49.9 million due to a $48.9 million increase in bad debt provision linked to a deteriorating credit status of a client. The net loss attributable to shareholders was $47.8 million, or $0.35 per diluted ADS. For H2 2021, Leju forecasts flat revenues between $300-$310 million.
Leju Holdings Limited (NYSE: LEJU) will announce its unaudited financial results for the first half of 2021, ending June 30, 2021, on August 31, 2021, before U.S. markets open. An earnings conference call will be held on the same day at 7 a.m. U.S. Eastern Time. Investors can pre-register for the call via the provided link. The company operates a significant e-commerce platform for real estate and home furnishing industries in China, leveraging partnerships with major firms like Tencent. The call will also be accessible via a live and archived webcast.
Leju Holdings Limited (NYSE: LEJU) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 15, 2021. The report includes audited consolidated financial statements and is available on the Company's investor relations website. Shareholders can request a hard copy of the report free of charge. Leju is a leading e-commerce and online media platform in China's real estate and home furnishing sectors, operating in over 380 cities and partnering with SINA Corporation and Tencent Holdings Limited.
Leju Holdings Limited (NYSE: LEJU) reported financial results for Q4 2020 and the full year ended December 31, 2020. Total revenues increased by 2% YoY to $230.4 million in Q4, driven by a 43% surge in online advertising revenue to $60.1 million, while e-commerce revenue declined by 8% to $170.1 million. For the full year, total revenues rose 4% to $719.5 million, with online advertising services growing by 19%. Net income attributable to shareholders increased by 36% to $6.1 million in Q4 and 68% to $19.3 million for the full year. The company forecasts 2021 revenues between $755 million and $790 million.
Leju Holdings Limited (NYSE: LEJU) announced it will release its unaudited financial results for the fourth quarter and full year ended December 31, 2020, before U.S. markets open on March 26, 2021. An earnings conference call will follow at 7 a.m. U.S. Eastern Time. Investors can register in advance and listen to a replay until April 3, 2021. Leju is a prominent e-commerce platform for the real estate and home furnishing sectors in China, providing services that enhance residential property transactions.
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