作者：行情君 8月15日，e家快服(EJH)盘中上涨3.06%，截至21:35，报1.422美元/股，成交1874.0美元，总市值2844.95 万美元。 资料显示，e家家居服务控股有限责任公司是一家离岸控股公司,由境内子公司平潭综合实验区e家家居 服务股份有限公司运营。e家家居服务股份有限公司是国内第一家对接资本市场的互联网家庭综合服务 的现代服务企业。公司简称"服务e家",服务品牌"e家快服"。 本文源自：金融界 财务数据显示，截至2024年12月31日，e家快服收入总额2637.21万美元，同比减少2.13%；归母净利 润-794.56万美元，同比减少53.69%。 ...

财务数据显示，截至2024年12月31日，e家快服收入总额2637.21万美元，同比减少2.13%；归母净利 润-794.56万美元，同比减少53.69%。 作者：行情君 资料显示，e家家居服务控股有限责任公司是一家离岸控股公司,由境内子公司平潭综合实验区e家家居 服务股份有限公司运营。e家家居服务股份有限公司是国内第一家对接资本市场的互联网家庭综合服务 的现代服务企业。公司简称"服务e家",服务品牌"e家快服"。 8月14日，e家快服(EJH)盘中上涨2.29%，截至23:37，报1.34美元/股，成交10.05万美元，总市值2680.52 万美元。 本文源自：金融界 ...

| 代码 | 名称 | 最新价 | 涨跌幅 ^ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | MIMI | Mint | 5.660 | -33.18% | -2.810 | 1760.69万 | | EJH | e家快服 | 1.100 | -21.15% | -0.295 | 51.47万 | | MENS | 健永生技 | 40.410 | -18.46% | -9.150 | 1375.47万 | | ANTE | AirNet Technology | 2.800 | -17.77% | -0.605 | 196.45万 | | ADAG | 天演药业 | 1.910 | -16.59% | -0.380 | 33.98万 | 中概股收盘跌幅前五的个股为：Mint跌33.18%，e家快服跌21.15%，健永生技跌18.46%，AirNet Technology跌17.77%，天演药业跌16.59%。(格隆汇) ...

Core Insights - E-Home Household Service Holdings Limited has signed cleaning service agreements and won bids for electrical appliance repair projects, totaling over 4 million RMB [1] - The company is integrating AI technology into its operations, including the introduction of AI robots for cleaning services [4] Company Overview - E-Home, established in 2014, is a Nasdaq-listed household service provider based in Fuzhou, China, offering a range of services including home appliance maintenance, housekeeping, and corporate consulting [3] - The company emphasizes a customer-centric business philosophy, aiming to address every client's needs with dedication [2][5] Operational Developments - E-Home has implemented an "Internet + AI" model in its operations, enhancing customer service through AI and utilizing AI robots in pilot cleaning projects [4] - The company aims to maintain high service standards and deepen its market service projects to build trust with clients [2]

Core Viewpoint - E-Home Household Service Holdings Limited has announced a share consolidation at a ratio of one-for-fifty to comply with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price requirements [2][3]. Group 1: Share Consolidation Details - The extraordinary general meeting held on May 1, 2025, resulted in shareholder approval for a share consolidation within a range of one-for-two to one-for-fifty [1]. - The Board determined the exact ratio for the share consolidation to be one-for-fifty on May 8, 2025, with trading on a post-consolidation basis starting on May 30, 2025 [2]. - The current number of outstanding shares is 183,690,171, which will reduce to approximately 3,673,850 post-consolidation [2]. Group 2: Shareholder Impact - Shareholders will receive one post-consolidation ordinary share for every fifty pre-consolidation shares held, with their percentage ownership and voting power remaining largely unchanged [3]. - Fractional shares will not be issued; instead, they will be rounded up in connection with the share consolidation [3]. - Shareholders holding shares in electronic form will see the effects of the consolidation automatically reflected in their brokerage accounts [3]. Group 3: Company Overview - E-Home Household Service Holdings Limited, established in 2014, is based in Fuzhou, China, and provides integrated household services through its website and WeChat platform [4]. - The company offers services including installation and maintenance of home appliances, housekeeping, and cleaning services [4]. - E-Home aims to set the benchmark in the household service industry in China, adhering to a customer-centric business philosophy [5].

Core Viewpoint - The domestic service industry is facing challenges due to high personnel costs and an aging population, prompting a shift towards unmanned services through the use of AI technology [1][3]. Company Overview - E-Home Household Service Holdings Limited, established in 2014 and listed on NASDAQ, is an integrated home services provider based in Fuzhou, China [3][7]. - The company operates two main business channels: ToC (consumer services) and ToB (business services), focusing on various home and public cleaning services [4][7]. Technological Innovation - E-Home has introduced AI robotic automatic cleaning equipment to enhance cleaning efficiency in public places, addressing the supply-demand gap for frontline workers [2][3]. - The adoption of unmanned cleaning technology is transforming traditional service roles into more intellectual work, thereby improving the industry's competitiveness and sustainability [3]. Business Strategy - The company aims to improve work efficiency and reduce manual labor intensity through automation, which is expected to enhance profitability [3]. - E-Home's business philosophy emphasizes solving customer issues with dedication, positioning itself as an industry benchmark [8].

Core Viewpoint - E-Home Household Service Holdings Limited reported its annual financial results for the year ended June 30, 2024, highlighting growth in revenues despite increased competition in the domestic service sector in China [1][3]. Financial Highlights - Total revenues for the year were $50,685,314 [2]. - Cash and cash equivalents increased to $100,665,223 as of June 30, 2024, compared to $71,252,380 as of June 30, 2023 [2]. - Gross profits amounted to $12,700,596 [2]. - Total operating expenses were $28,786,296, attributed to increased investments in advertising and platform development [2]. - Revenues from housekeeping, installation and maintenance, and senior care services totaled $49,209,110 [2]. - Sales of pharmaceutical products contributed $219,159, while educational consulting services generated $1,257,045 in revenue [2]. Company Overview - E-Home Household Service Holdings Limited, established in 2014, is a Nasdaq-listed company based in Fuzhou, China, providing integrated household services [4]. - The company operates through two main business channels: ToB (business-to-business) and ToC (business-to-consumer), with two key subsidiaries [5][6]. - The ToC business includes services such as nanny, maternity matron, home care, cleaning, and maintenance, while the ToB business focuses on public cleaning services [6].

PART I [Introductory Notes and Key Information](index=7&type=section&id=Introductory%20Notes%20and%20Key%20Information) E-Home, a Cayman Islands holding company, operates in China under a direct structure, facing PRC regulatory risks and cash transfer restrictions, with its auditor subject to PCAOB inspection - E-Home is a Cayman Islands holding company, not an operating company, with all business conducted in mainland China through its subsidiaries[15](index=15&type=chunk) - The company dissolved its Variable Interest Entity (VIE) structure in October 2021 and now operates through a direct holding structure[18](index=18&type=chunk)[217](index=217&type=chunk) - The company is currently not in compliance with the CSRC's New Overseas Listing Rules, as it has not completed the required filings for its offerings after the rules' effective date (March 31, 2023), which may subject it to fines and penalties[18](index=18&type=chunk)[19](index=19&type=chunk)[119](index=119&type=chunk) - The company's auditor, Enrome LLP, is not headquartered in mainland China or Hong Kong and is subject to PCAOB inspection, reducing the immediate risk of delisting under the Holding Foreign Companies Accountable Act (HFCA Act)[20](index=20&type=chunk)[179](index=179&type=chunk) - Cash transfers out of mainland China are restricted. PRC subsidiaries must set aside at least **10% of after-tax profits** for statutory reserves until the fund reaches **50% of registered capital**. These reserves are not distributable as dividends[30](index=30&type=chunk)[156](index=156&type=chunk) - The company has undertaken several share consolidations (reverse stock splits) to comply with Nasdaq's minimum bid price requirement, with the most recent being a **1-for-10 split in September 2024**[37](index=37&type=chunk)[39](index=39&type=chunk) [Risk Factors](index=17&type=section&id=ITEM%203.D.%20Risk%20Factors) The company faces significant risks across business operations, Chinese regulatory environment, and its ordinary shares, including intense competition, government oversight, and potential NASDAQ delisting - The company is not in compliance with the CSRC's New Overseas Listing Rules for its recent offerings and may face sanctions and penalties[47](index=47&type=chunk)[118](index=118&type=chunk)[119](index=119&type=chunk) - The Chinese government exerts significant oversight and may intervene in the company's PRC operations at any time, creating material uncertainty[45](index=45&type=chunk)[113](index=113&type=chunk) - The company has effected five reverse stock splits since September 2022 to maintain its NASDAQ listing. Failure to meet the minimum bid price could lead to delisting without a compliance period[187](index=187&type=chunk) - The company has identified material weaknesses in its internal control over financial reporting, specifically a lack of sufficient qualified accounting personnel with U.S. GAAP and SEC reporting knowledge[106](index=106&type=chunk)[107](index=107&type=chunk)[589](index=589&type=chunk) - As a foreign private issuer incorporated in the Cayman Islands, the company is exempt from certain U.S. corporate governance and reporting requirements, which may offer less protection to shareholders[54](index=54&type=chunk)[195](index=195&type=chunk)[196](index=196&type=chunk) [Information on the Company](index=49&type=section&id=ITEM%204.%20INFORMATION%20ON%20THE%20COMPANY) E-Home provides integrated household services in China via its 'e家快服' platform, expanding through acquisitions and growing its user base under a direct holding structure - The company provides integrated household services, primarily home appliance services, housekeeping, and senior care, through its website and WeChat platform 'e家快服'[222](index=222&type=chunk) - The company partners with over **1,800 individuals and service stores** for home appliance services and has more than **2,800 cleaners** for housekeeping services[222](index=222&type=chunk) - The number of registered members on its platform increased from **4.45 million in FY2023 to over 5.26 million in FY2024**[226](index=226&type=chunk) - The company dissolved its VIE structure in October 2021 and now operates through a direct holding structure, with E-Home WFOE directly owning the PRC operating entities[217](index=217&type=chunk) - The company has expanded into new segments by acquiring Zhongrun (pharmaceutical distribution) and Chuangying (educational consulting services)[218](index=218&type=chunk)[227](index=227&type=chunk) [Operating and Financial Review and Prospects](index=68&type=section&id=ITEM%205.%20OPERATING%20AND%20FINANCIAL%20REVIEW%20AND%20PROSPECTS) Total revenue for FY2024 decreased by 25.81% to $50.69 million due to a weak economy, while net loss significantly narrowed to $19.39 million, supported by strong liquidity Fiscal Year 2024 vs. 2023 Performance | Financial Metric | FY 2024 | FY 2023 | Change (%) | | :--- | :--- | :--- | :--- | | **Total Revenues** | **$50,685,314** | **$68,321,743** | **-25.81%** | | Installation & Maintenance | $29,773,730 | $41,177,200 | -27.69% | | Housekeeping | $15,409,924 | $17,210,122 | -10.46% | | Senior Care Services | $4,025,456 | $6,515,953 | -38.22% | | **Gross Profit** | **$12,700,596** | **$18,557,645** | **-31.56%** | | **Loss from Operations** | **($16,085,700)** | **($30,364,552)** | **-47.02%** | | **Net Loss Attributable to Shareholders** | **($19,387,129)** | **($35,006,839)** | **-44.62%** | - The decrease in revenue for FY2024 was attributed to the weak economy and consumer spending in China, which negatively impacted all major service segments[320](index=320&type=chunk)[360](index=360&type=chunk) - General and administrative expenses decreased by **71.62% in FY2024**, primarily because FY2023 included significant impairment losses on goodwill (**$8.85M**) and intangible assets (**$6.55M**) from recent acquisitions[365](index=365&type=chunk) Cash Flow Summary (in USD) | Cash Flow Activity | FY 2024 | FY 2023 | FY 2022 | | :--- | :--- | :--- | :--- | | **Net cash used in operating activities** | **($11,453,154)** | **($8,405,064)** | **$4,373,806** | | **Net cash provided by (used in) investing activities** | **$4,295,120** | **($65,202,634)** | **($7,400,320)** | | **Net cash provided by financing activities** | **$36,629,254** | **$95,536,256** | **$7,350,985** | | **Cash at end of year** | **$100,810,078** | **$71,252,380** | **$54,842,052** | [Directors, Senior Management and Employees](index=82&type=section&id=ITEM%206.%20DIRECTORS%2C%20SENIOR%20MANAGEMENT%20AND%20EMPLOYEES) The company's board meets NASDAQ independence rules, with executive and director compensation including cash and equity grants, and a workforce of 528 employees as of June 2024 - The board of directors consists of five members, three of whom are independent, satisfying the NASDAQ majority independence rule[438](index=438&type=chunk) FY2024 Compensation Summary | Group | Cash Compensation | | :--- | :--- | | Executive Officers | ~$165,349 | | Independent Directors | ~$54,400 | - The company has implemented multiple share incentive plans (2022, 2023, 2024) and has granted shares to executives, directors, and employees as part of their compensation[420](index=420&type=chunk)[425](index=425&type=chunk)[430](index=430&type=chunk) - As of June 30, 2024, the company employed **528 people**, with the largest group (**317**) in sales and marketing[456](index=456&type=chunk)[457](index=457&type=chunk) - As of October 28, 2024, Chairman and CEO Wenshan Xie beneficially owned **68,020 ordinary shares**, representing less than **1%** of the outstanding shares[461](index=461&type=chunk) [Major Shareholders and Related Party Transactions](index=93&type=section&id=ITEM%207.%20MAJOR%20SHAREHOLDERS%20AND%20RELATED%20PARTY%20TRANSACTIONS) The company has significant payable balances to related parties, including its CEO and a subsidiary shareholder, primarily for working capital advances, alongside share grants to directors and officers Payable Balances to Related Parties (as of June 30, 2024) | Related Party | Relationship | Amount Payable | | :--- | :--- | :--- | | Wenshan Xie | CEO & Major Shareholder | $1,817,302 | | Zhaodi Zeng | Wife of CEO | $90,000 | | Ling Chen | Shareholder of subsidiary Zhongrun | $1,247,396 | - During FY2024, CEO Wenshan Xie and his wife provided a total of **$1.6 million** in cash to the company for temporary working capital[466](index=466&type=chunk) - Directors and officers received share grants under the 2023 Share Incentive Plan as part of their compensation[469](index=469&type=chunk)[470](index=470&type=chunk) [Additional Information](index=95&type=section&id=ITEM%2010.%20ADDITIONAL%20INFORMATION) As a Cayman Islands company, E-Home's corporate governance and shareholder rights differ from U.S. standards, with its PRC operations subject to strict exchange controls and taxation - The company's authorized share capital was increased in September 2024 to **US$1,000,020,000**, comprising **1 billion ordinary shares** and **10 million preferred shares**[481](index=481&type=chunk)[884](index=884&type=chunk) - As a Cayman Islands company, shareholder rights and corporate governance differ from U.S. standards. For example, shareholders have no general right to inspect corporate records and cannot requisition a shareholders' meeting[496](index=496&type=chunk)[502](index=502&type=chunk)[519](index=519&type=chunk) - PRC regulations impose strict controls on currency conversion and the remittance of funds out of China for capital account items, which could limit the company's ability to transfer funds to the parent company or pay dividends to foreign shareholders[533](index=533&type=chunk)[166](index=166&type=chunk) - The company's PRC subsidiaries are subject to a **25% Enterprise Income Tax**. Dividends paid to its Hong Kong subsidiary are subject to a **10% withholding tax**, which may be reduced to **5%** under a tax treaty if certain conditions are met[327](index=327&type=chunk)[330](index=330&type=chunk)[544](index=544&type=chunk) PART II [Controls and Procedures](index=112&type=section&id=ITEM%2015.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls were ineffective as of June 30, 2024, due to a material weakness in accounting personnel, with remediation plans underway - Management concluded that as of June 30, 2024, the company's disclosure controls and procedures were not effective[585](index=585&type=chunk) - A material weakness was identified in internal control over financial reporting due to insufficient qualified accounting personnel with knowledge of U.S. GAAP and SEC reporting[589](index=589&type=chunk) - Remediation plans include hiring more staff with relevant expertise, providing training, and engaging a third-party consultant to assist with financial statement preparation[590](index=590&type=chunk)[591](index=591&type=chunk) [Corporate Governance and Other Disclosures](index=114&type=section&id=ITEM%2016.%20Corporate%20Governance%20and%20Other%20Disclosures) The company maintains an audit committee financial expert, follows Cayman Islands corporate governance practices as a foreign private issuer, and has implemented a cybersecurity risk management program - The company changed its independent registered public accounting firm from TPS Thayer LLC to Enrome LLP on May 17, 2023[603](index=603&type=chunk)[606](index=606&type=chunk) - As a foreign private issuer, the company follows Cayman Islands home country practices, exempting it from certain NASDAQ rules, including shareholder approval for some equity issuances and the requirement to hold an annual meeting within one year of fiscal year-end[608](index=608&type=chunk)[610](index=610&type=chunk) - The company has established a cybersecurity risk management process, led by its CTO, which includes an Information Safety Policy, use of firewalls, and data storage with Huawei Cloud for security[614](index=614&type=chunk) Principal Accountant Fees (Audit Fees) | Fiscal Year | Audit Fees | | :--- | :--- | | 2024 | $231,500 | | 2023 | $280,000 | PART III [Financial Statements](index=119&type=section&id=ITEM%2018.%20FINANCIAL%20STATEMENTS) The consolidated financial statements, prepared under U.S. GAAP, detail the company's financial position, operations, and cash flows across five reportable segments, reflecting recent reorganizations and reverse stock splits Consolidated Balance Sheet Highlights (as of June 30) | Account | 2024 | 2023 | | :--- | :--- | :--- | | **Total Assets** | **$178,718,823** | **$158,255,607** | | Cash and cash equivalents | $100,665,223 | $71,252,380 | | **Total Liabilities** | **$15,561,047** | **$20,447,001** | | **Total Shareholders' Equity** | **$163,157,776** | **$137,808,606** | Consolidated Statement of Operations Highlights (Year Ended June 30) | Account | 2024 | 2023 | 2022 | | :--- | :--- | :--- | :--- | | **Total Revenues** | **$50,685,314** | **$68,321,743** | **$63,751,093** | | **Gross Profit** | **$12,700,596** | **$18,557,645** | **$19,356,518** | | **Net Loss** | **($19,468,052)** | **($36,242,249)** | **($5,430,209)** | | **Net Loss per Share (Basic)** | **($24.03)** | **($311.44)** | **($14,756.00)** | - The company has effected multiple reverse stock splits, with the most recent being a **one-for-ten split effective September 24, 2024**. All share and per-share data in the financial statements have been retrospectively adjusted[654](index=654&type=chunk)[655](index=655&type=chunk)[656](index=656&type=chunk)[657](index=657&type=chunk)[885](index=885&type=chunk) - In FY2023, the company completed acquisitions of Zhongrun (**75% ownership**) and Chuangying (**100% ownership**), resulting in the recognition of **$8.85 million in goodwill**, which was subsequently fully impaired in the same fiscal year[744](index=744&type=chunk)[747](index=747&type=chunk)[748](index=748&type=chunk)

Core Viewpoint - E-Home Household Service Holdings Limited has launched its AI Home Trainer to address the challenges in the domestic service industry, particularly the uneven quality of service personnel and the need for standardized training [2][3]. Company Overview - E-Home Household Service Holdings Limited, established in 2014, is a Nasdaq-listed company based in Fuzhou, China, providing integrated home services [3][4]. - The company operates two main business channels: ToC (consumer services) and ToB (public cleaning services), with two key subsidiaries: Zhongrun Pharmaceutical and Chuangying [4]. AI Home Trainer Launch - The AI Home Trainer utilizes AI and metaverse virtual human technology to provide training for various types of service personnel, allowing for simultaneous training and on-demand assistance [2][3]. - This innovation aims to enhance the standardization of the service industry, improve work efficiency, and increase the company's profitability and market competitiveness [3]. Service Personnel Challenges - The domestic service industry faces issues such as lack of training, non-standardized operations, and high turnover rates among trainers, which the AI Home Trainer seeks to mitigate [2][3].

Core Viewpoint - E-Home Household Services Holdings Limited has established a new Resource Recycling Department to align with national policy and leverage its existing business advantages, aiming to enhance resource utilization and create new profit growth points [2][3]. Group 1: Company Overview - E-Home is an integrated home services provider based in Fuzhou, China, and was established in 2014. It is listed on NASDAQ under the ticker EJH [4]. - The company operates in various sectors, including home appliance installation and maintenance, housekeeping, and public cleaning services, with two main business channels: ToB (business-to-business) and ToC (business-to-consumer) [4][5]. Group 2: New Department and Business Strategy - The Resource Recycling Department will focus on recovering used home appliances and old materials through door-to-door services provided by maintenance technicians and cleaners, in collaboration with professional recycling companies [2]. - Initially, the department will function as an independent business unit, with plans to register as a subsidiary for independent operations [2]. Group 3: Environmental and Economic Impact - The establishment of the Resource Recycling Department is intended to reduce environmental pollution and improve resource efficiency, contributing to sustainable economic and social development [3]. - The initiative is expected to create new employment opportunities while enhancing the company's profitability [3].