E Home Household Service Holdings Ltd (EJH)

[georgie18]

EJH...7422...Scaling in here...🥳...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."