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China Index Holdings Limited (CIH)

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1.4000-0.0100 (-0.71%)
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Neutralpattern detected
Previous Close1.4100
Open1.4400
Bid1.4000 x 800
Ask1.4300 x 800
Day's Range1.3900 - 1.4400
52 Week Range1.2700 - 2.5940
Volume25,758
Avg. Volume37,071
Market Cap126.067M
Beta (5Y Monthly)1.75
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    China Index Holdings Announces Settlement Deeds with Convertible Notes Holders

    BEIJING, Sept. 28, 2021 (GLOBE NEWSWIRE) -- China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, announces that it has entered into settlement deeds (the “Settlement Deeds”) with Fang Holdings Limited (“Fang”) and Fang’s convertible notes holders, namely (1) Safari Group CB Holdings Limited, (2) IDG Ultimate Global Limited, (3) Quartz Fortune Limited, (4) Velda Power Limited, and (5) Fountain II

  • GlobeNewswire

    China Index Holdings Receives Notification from Nasdaq for Failure to Timely File Form 20-F

    BEIJING, May 24, 2021 (GLOBE NEWSWIRE) -- China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today reports that as of May 18, 2021, it is delinquent in filing its annual report on Form 20-F for the fiscal year ended December 31, 2020 (the “2020 Form 20-F”) with the U.S. Securities and Exchange Commission (the “SEC”). The Company previously filed a Form 12b-25 with the SEC on May 3, 2021 for late filing of the 2020 Form 20-F, pursuant to which the 2020 Form 20-F was due to be filed by May 17, 2021. The Company expects to file the 2020 Form 20-F (i) upon the outcome of the negotiation between Fang Holdings Limited (“Fang”) and its convertible note holders for the repayment schedule of the outstanding amount under the convertible notes, which were originally due in 2022 and have become due on demand as a result of the winding-up petition against Fang, (ii) once the Company’s financial statements for the fiscal year ended December 31, 2020 are finalized, and (iii) the Company has completed its assessment of the Company’s internal control over financial reporting as of December 31, 2020. The Company also reports that on May 19, 2021, it received a notification letter from Nasdaq Listing Qualifications (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) due to its failure to timely file the 2020 Form 20-F with the SEC. The Nasdaq notification letter provides the Company 60 calendar days from the date of the notification, or until July 19, 2021, to submit a plan to Nasdaq to regain compliance with the Nasdaq’s continued listing requirements. If the plan is accepted, Nasdaq can grant an exception of up to 180 calendar days, or until November 15, 2021, for the Company to regain compliance. The Company may regain compliance at any time during this 180-day period by filing its 2020 Form 20-F. If Nasdaq does not accept the Company’s compliance plan, the Company will have the opportunity to appeal that decision to a Hearings Panel under Nasdaq Listing Rule 5815(a). The Company intends to provide a plan of compliance to Nasdaq on or before July 19, 2021. The Nasdaq notification letter has no immediate effect on the listing of the Company’s American depositary shares on the Nasdaq Stock Market. This announcement is made in compliance with Nasdaq Listing Rule 5810(b) which requires prompt disclosure of receipt of a deficiency notification. About CIH CIH operates a leading real estate information and analytics service platform in China in terms of geographical coverage and volume of data points. Its services span across database, analytics and promotions services for China’s real estate markets. CIH serves a substantial base of real estate participants in China, including real estate developers, brokers and agents, property management companies, financial institutions and individual professionals, with an authoritative, comprehensive and seasonable collection of real estate data, complemented by a variety of powerful analytical and marketing tools. For more information about CIH, please visit http://ir.chinaindexholdings.com. Safe Harbor Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “is expected to,” “anticipates,” “aim,” “future,” “intends,” “plans,” “believes,” “are likely to,” “estimates,” “may,” “should” and similar expressions, and include, without limitation, statements regarding the pending winding-up petition against Fang and any related matters, and the Company’s future financial performance, revenue guidance, growth and growth rates, market position and continued business transformation. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, without limitation, the impact of the Company’s business development strategies, the Company’s ability to continue as a going concern in the future, the impact of the COVID-19 pandemic, and the impact of current and future government policies affecting China’s real estate market. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. CONTACT: For investor and media inquiries, please contact: Ms. Jessie Yang Investor Relations Email: CIH-IR@fang.com

  • GlobeNewswire

    China Index Holdings Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results

    BEIJING, March 12, 2021 (GLOBE NEWSWIRE) -- China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020. Fourth Quarter 2020 Highlights Total revenues were RMB182.0 million, an increase of 8.1% from RMB168.3 million in the corresponding period of 2019.Operating income was RMB100.8 million, an increase of 16.0% from RMB86.8 million in the corresponding period of 2019.Net income was RMB91.8 million, an increase of 22.8% from RMB74.7 million in the corresponding period of 2019. Fiscal Year 2020 Highlights Total revenues were RMB635.9 million, an increase of 9.7% from RMB579.7 million in 2019.Operating income was RMB325.2 million, an increase of 13.1% from RMB287.6 million in 2019.Net income was RMB294.0 million, an increase of 19.8% from RMB245.5 million in 2019. “Despite an unprecedented year, our business has kept growth and our profits were solid in the fourth quarter,” commented Yu Huang, CEO of CIH. “As we have entered 2021, we will continue to implement our focused strategy to invest in research and development to achieve sustainable and long-term growth.” Fourth Quarter 2020 Financial Results Revenues CIH reported total revenues of RMB182.0 million in the fourth quarter of 2020, an increase of 8.1% from RMB168.3 million in the corresponding period of 2019. Revenues from information and analytics services (SaaS) were RMB85.6 million in the fourth quarter of 2020, an increase of 11.4% from RMB76.8 million in the corresponding period of 2019, primarily due to an increase in number of customers.Revenues from marketplace services were RMB96.4 million in the fourth quarter of 2020, an increase of 5.4% from RMB91.5 million in the corresponding period of 2019. Cost of Revenue Cost of revenue was RMB33.4 million in the fourth quarter of 2020, which remained stable compared to RMB33.9 million in the corresponding period of 2019. Operating Expenses Operating expenses were RMB47.9 million in the fourth quarter of 2020, which remained stable compared to RMB47.6 million in the corresponding period of 2019. Selling and marketing expenses were RMB26.0 million in the fourth quarter of 2020, which remained stable compared to RMB26.4 million in the corresponding period of 2019.General and administrative expenses were RMB21.9 million in the fourth quarter of 2020, an increase of 3.5% from RMB21.2 million in the corresponding period of 2019. Operating Income Operating Income was RMB100.8 million in the fourth quarter of 2020, an increase of 16.0% from RMB86.8 million in the corresponding period of 2019. Income Tax Expenses Income tax expenses were RMB15.2 million in the fourth quarter of 2020, which remained stable compared to RMB15.2 million in the corresponding period of 2019. Net Income Net income was RMB91.8 million in the fourth quarter of 2020, an increase of 22.8% from RMB74.7 million in the corresponding period of 2019. Fiscal Year 2020 Financial Results Revenues CIH reported total revenues of RMB635.9 million for 2020, an increase of 9.7% from RMB579.7 million in 2019. Revenues from information and analytics services (SaaS) were RMB303.4 million for 2020, an increase of 13.0% from RMB268.6 million in 2019, primarily due to an increase in number of customers.Revenues from marketplace services were RMB332.6 million for 2020, an increase of 6.9% from RMB311.1 million in 2019, primarily due to an increase in number of customers. Cost of Revenue Cost of revenue was RMB105.5 million for 2020, a decrease of 4.5% from RMB110.5 million in 2019. Operating Expenses Operating Expenses were RMB205.2 million for 2020, an increase of 13.0% from RMB181.6 million in 2019. Selling and marketing expenses were RMB112.4 million for 2020, an increase of 13.5% from RMB99.0 million in 2019, primarily due to an increase in personnel costs resulting from the growing number of selling and marketing personnel headcount.General and administrative expenses were RMB92.8 million for 2020, an increase of 12.4% from RMB82.6 million in 2019. Operating Income Operating Income was RMB325.2 million for 2020, an increase of 13.1% from RMB287.6 million in 2019. Income Tax Expenses Income tax expenses were RMB49.1 million for 2020, an increase of 9.7% from RMB44.7 million in 2019. Net Income Net income was RMB294.0 million for 2020, an increase of 19.8% from RMB245.5 million in 2019. Business Outlook Based on current operations and market conditions, the management expects to maintain a double-digit growth momentum on its total revenue for 2021. These estimates represent management’s current and preliminary view, which are subject to change. Conference Call Information CIH’s management team will host a conference call on March 12, 2021 at 7:00 AM U.S. ET (8:00 PM Beijing/Hong Kong time). The dial-in details for the live conference call are: International Toll:+65 67135600Toll-Free/Local Toll: United States+1 877-440-9253 / +1 631-460-7472Hong Kong+852 800-906-603 / +852 3018-6773Mainland China+86 800-820-5506 / +86 400-120-0948Direct Event Passcode1578624# Please register in advance of the conference using the link provided below. Upon registering, you will be provided with participant dial-in numbers, Direct Event passcode (1578624#) and unique registrant ID. Get prompted 10 min prior to the start of the conference. Enter the Direct Event Passcode above (1578624#), and your unique Registrant ID, followed by the pound or hash (#) sign to join the call. Direct Event online registration: http://apac.directeventreg.com/registration/event/1853648 A telephone replay of the call will be available after the conclusion of the conference call from 10:00 AM ET on March 12, 2021 through 08:59 AM ET March 20, 2021. The dial-in details for the telephone replay are: International Toll:+61 2-8199-0299Toll-Free/Local Toll: United States+1 855-452-5696 / +1 646-254-3697Hong Kong+852 800-963-117 / +852 3051-2780Mainland China+86 400-602-2065 / +86 800-870-0206Conference ID:1853648 A live and archived webcast of the conference call will be available at http://ir.chinaindexholdings.com. About CIH CIH operates a leading real estate information and analytics service platform in China in terms of geographical coverage and volume of data points. Its services span across database, analytics, promotions and listing services for China's real estate markets. CIH serves a substantial base of real estate participants in China, including real estate developers, brokers and agents, property management companies, financial institutions and individual professionals, with an authoritative, comprehensive and seasonable collection of real estate data, complemented by a variety of powerful analytical and marketing tools. For more information about CIH, please visit http://ir.chinaindexholdings.com. Safe Harbor Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “is expected to,” “anticipates,” “aim,” “future,” “intends,” “plans,” “believes,” “are likely to,” “estimates,” “may,” “should” and similar expressions, and include, without limitation, statements regarding CIH’s future financial performance, revenue guidance, growth and growth rates, market position and continued business transformation. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond CIH’s control, which may cause its actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in CIH’s filings with the U.S. Securities and Exchange Commission. CIH does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. For investor and media inquiries, please contact: Ms. Jessie YangInvestor RelationsEmail: CIH-IR@fang.com CHINA INDEX HOLDINGS LIMITED UNAUDITED CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS(Amounts in thousands of Renminbi (“RMB”)) As of December 31, As of December 31, 2020 2019 ASSETS Current assets: Cash and cash equivalents 280,355 214,076 Short-term investments 391,671 125,000 Accounts receivable, net of allowance for doubtful accounts 34,938 24,243 Prepaid expenses and other current assets 2,559 4,566 Amount due from related parties - 4,820 Total current assets 709,523 372,705 Non-current assets: Property and equipment, net 2,345 2,873 ROU assets 44,369 49,595 Good Will 1,744 - Total non-current assets 48,458 52,468 Total assets 757,981 425,173 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current liabilities: Accounts payable 9,343 7,844 Income taxes payable 26,737 23,396 Deferred revenue 224,141 203,531 Amounts due to related parties 156 7,734 Accrued expenses and other liabilities 90,673 84,250 Total current liabilities 351,050 326,755 Non-current liabilities: Long-term lease liability 27,427 37,679 Other non-current liabilities 56,086 39,757 Total non-current liabilities 83,513 77,436 Total liabilities 434,563 404,191 Commitments and contingencies - - Equity Class A ordinary shares, par value US$0.001 per share, 1,000,000,000 shares authorized for Class A and Class B in aggregate, 72,475,630 shares issued as of December 31, 2020 and 2019; outstanding shares as of December 31, 2020 and 2019: 66,411,428 and 65,762,936 500 500 Class B ordinary shares, par value US$0.001 per share, 1,000,000,000 shares authorized for Class A and Class B in aggregate, 23,636,706 shares issued and outstanding as of December 31, 2020 and 2019 163 163 Treasury shares (42) (46)Capital deficit (126,567) (135,179)Retained earnings 449,659 155,324 Accumulated other comprehensive income 1,496 220 Total ordinary shareholders’ equity 325,209 20,982 Noncontrolling interest (1,791) - Total shareholders’ equity 323,418 20,982 Total liabilities and shareholders’ equity 757,981 425,173 CHINA INDEX HOLDINGS LIMITEDUNAUDITED CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME(Amounts in thousands of RMB) Three Months EndedDecember 31 Year EndedDecember 31 2020 2019 2020 2019 Revenues181,967 168,291 635,910 579,650 Cost of revenues(33,359) (33,940) (105,528) (110,492)Gross profit148,608 134,351 530,382 469,158 Operating expenses: Selling and marketing expenses(25,969) (26,370) (112,414) (99,020)General and administrative expenses(21,889) (21,160) (92,818) (82,615) Operating income 100,750 86,821 325,150 287,523 Interest income354 710 1,625 2,200 Change in fair value of securities1,359 1,786 1,359 (1,152)Investment income3,092 714 8,983 714 Government grants1,372 17 5,997 903 Income before income taxes 106,927 90,048 343,114 290,188 Income tax expenses(15,150) (15,288) (49,079) (44,737) Net income 91,777 74,760 294,035 245,451 Less: Net income attributable to non-controlling interests(304) - (304) - Net income attributable to ordinary shareholders92,081 74,760 294,339 245,451 Other comprehensive income Unrealized holding gains on short-term investments, net of RMB451 and 107 income taxes for the periods ended December 31, 2020 and 20192,556 607 7,900 607 Less: Reclassification adjustment for gains on short-term investments realized in net income, net of RMB464 and 107 income taxes for the periods ended December 31, 2020 and 2019(2,628) (607) (7,636) (607)Foreign currency translation adjustments, net of nil income taxes943 21 1,012 (7) Total comprehensive income 92,648 74,781 295,311 245,444 Total comprehensive income attributable to ordinary shareholders92,952 74,781 295,615 245,444 Earnings per share for Class A and Class B ordinary shares: Basic1.02 0.83 3.28 2.74 Diluted1.02 0.83 3.27 2.73 Weighted average number of Class A and Class B ordinary shares outstanding: Basic90,048,134 89,739,655 89,842,465 89,739,655 Diluted90,162,622 90,133,853 89,930,473 89,770,212