FUZHOU,
China, Oct. 30, 2024 /PRNewswire/ -- E-Home
Household Service Holdings Limited (Nasdaq: EJH) (the "Company" or
"E-Home"), a provider of integrated household services in
China, today announced its annual
report ended June 30, 2024.
Financial Highlight
- Total revenues were $50,685,314 for the
year ended June 30, 2024.
- Cash and cash equivalents were
$100,665,223 and $71,252,380 as of June 30,
2024 and June 30, 2023,
respectively.
- Gross profits were
$12,700,596.
- Total operating
expenses were $28,786,296. Due to the company's increased
investment in advertising and platform building during the year,
resulting in operating expenses of $28,786,296.
- Revenues from Housekeeping
services, Installation and Maintenance services and Senior care services
amounted to $49,209,110 for the
year ended June 30, 2024.
- Sales of pharmaceutical products, which contributed
$219,159 for the year ended
June 30, 2024.
- Educational consulting services, with revenue of
$1,257,045.
Mr. Wenshan Xie, Chairman and CEO
of E-Home, commented: "Over the past year, China's domestic service business has grown
despite the economic downturn. Nevertheless, competition is
becoming more intense due to the increase in the number of
practitioners. However, we remain confident in our ability to
improve profitability in the future as our fundamentals remain
strong and we have expansionary strategic plans for our services
and we plan to increase E-Home's competitiveness in the market by
2025 through the introduction of AI Home Trainer."
About E-Home Household Service Holdings Limited
Established in 2014, E-Home Household Service Holdings Limited
is a Nasdaq-listed household service company based in Fuzhou, China.
The company is mainly involved in: 1. Home appliances, smart
home installation, maintenance; 2. Housekeeping, nannies, maternity
matron and cleaning services; 3. Internet aging + home care; 4.
Units of public places cleaning. After years of development, E-Home
has formed two main business channels, ToB and ToC, with two
important subsidiaries.
Two main channel: 1. The ToC business to nanny, maternity
matron, home care, cleaning, repair, maintenance of family
integrated services. 2. The ToB business to public cleaning. Two
subsidiaries: 1. Zhongrun Pharmaceutical, integrating
pharmaceutical warehousing, distribution, wholesaling, retailing,
and online sales; 2. Chuangying: presidential training, internal
training, corporate consulting and counseling, and policy
counseling. E-Home has been a comprehensive service enterprise for
family life! We have always adhered to the "solving every issue of
customers with heart" business philosophy, adhere to do the
industry benchmark. For more information, visit the Company's
website at http://www.ej111.com/ir.html.
Forward-Looking Statement
All statements other than statements of historical fact in this
announcement are forward-looking statements in nature within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations and
projections about future events and financial trends that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions are intended to identify
such forward-looking statements. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to consider risk
factors, including those described in the Company's filings with
the SEC, that may affect the Company's future results. All
forward-looking statements attributable to the Company and its
subsidiaries or persons acting on their behalf are expressly
qualified in their entirety by these risk factors.
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SOURCE E-Home Household Service Holdings Limited