E-Home Household Service Holdings Limited (NASDAQ: EJH): Corporate Profile & Financials

Source: E-Home Household Service Holdings Limited Form 20-F 2026

📋 Quick Facts / Company Snapshot

🏢 The Corporate Identity: Who They Are & Where They Came From

The Big Picture

E-Home Household Service Holdings Limited is an integrated household service platform operator based in Fuzhou, Fujian Province, People’s Republic of China. The company connects individual consumers and commercial clients with specialized service providers through its online website and official WeChat platform under the brand name “e 家快服” (“E-Home”). The company’s operations span across 21 provinces throughout China, providing standard residential and commercial solutions that primarily encompass technical home appliance installation, maintenance, repair, house cleaning, and specialized property cleaning services.

The core operating philosophy of E-Home centers on aggregating fragmented offline household service workers into an integrated digital ecosystem. By coordinating an expansive network of independent contractors, local service hubs, and technicians, E-Home provides a centralized channel for scheduling, order routing, payment settlement, quality tracking, and customer care follow-up. This centralized model addresses traditional pain points in China’s domestic service industry, including inconsistent service quality, opaque pricing structures, and fragmented vendor options.

• 6.16 million registered platform members rely on E-Home’s WeChat ecosystem and web interfaces as of June 30, 2026.
• Over 1.43 million completed service orders were facilitated across the company’s operating network during fiscal year 2026.
• 1,700+ third-party technical stores and individual technicians deliver on-site home appliance services.
• 2,800+ independent housekeeping contractors execute residential cleaning and institutional maintenance projects.

The Founders & Their Legacy

E-Home was founded under the leadership of Mr. Wenshan Xie, who has served as the Chairman of the Board of Directors and Chief Executive Officer since the holding company’s inception. Mr. Xie entered China’s home appliance service industry in the mid-2000s, establishing Fuzhou Bangchang Technology Co. Ltd. in March 2007. Having recognized early on the digital transition taking place across China’s consumer service sectors, he led the enterprise through multiple operational transformations, expanding the business from traditional regional repair outsourcing into a multi-province digital ecosystem.

Under Mr. Xie’s executive direction, E-Home expanded its service portfolio from home appliance installation to housecleaning, senior care, and commercial venue maintenance. His long-term strategy focuses on developing standard operational guidelines, enhancing localized dispatch efficiency, and establishing partnerships with commercial property developers, institutional venues, and high-speed rail network hubs across Fujian Province.

The Journey: History & Evolution

The enterprise originally began operating through Fuzhou Bangchang Technology Co. Ltd. in 2007 and E-Home (Pingtan) Home Service Co., Ltd. in April 2014. In July 2015, management executed a pivot from functioning purely as an aftermarket service contractor for appliance manufacturers to operating an independent consumer-facing home appliance service network. In January 2018, the company formally introduced housekeeping, house cleaning, and residential moving services, transitioning into an integrated household service enterprise.

To establish an international capital structure, E-Home Household Service Holdings Limited was incorporated in the Cayman Islands on September 24, 2018 as the ultimate offshore holding company. In October 2018, the company created E-Home Household Service Holdings Limited in Hong Kong, which in turn established E-Home Household Service Technology Co., Ltd. (“E-Home WFOE”) as a wholly foreign-owned enterprise in mainland China in December 2018. In February 2019, E-Home WFOE initially established control over the domestic operating entities via Variable Interest Entity (“VIE”) contractual arrangements.

On May 14, 2021, E-Home’s ordinary shares commenced public trading on the NASDAQ Capital Market under the ticker symbol “EJH,” closing an initial public offering of 5,575,556 ordinary shares on May 18, 2021. In October 2021, E-Home WFOE formally exercised purchase options under equity transfer agreements with the registered shareholders of E-Home Pingtan and Fuzhou Bangchang. Upon formal government registration on October 27, 2021, the contractual VIE structure was fully dissolved, transforming E-Home Pingtan and Fuzhou Bangchang into direct, wholly owned indirect operating subsidiaries of the holding company.

E-Home has periodically adjusted its equity portfolio to focus resources on its primary household service lines:

• 2017 Strategic Acquisitions: Acquired controlling stakes in Fujian Happy Yijia Family Service Co., Ltd. and Fuzhou Yongheng Xin Electric Co., Ltd. to expand technician training infrastructure.
• October 2021 Structure Streamlining: Reorganized domestic entities from contractual VIE arrangements into direct foreign-owned legal subsidiaries.
• November 2024 Divestiture of Zhongrun: Sold its 75% equity interest in Zhongrun (pharmaceutical distribution) for RMB 1,087,500 ($151,285), deconsolidating the pharmaceutical segment to treat it as a discontinued operation.
• June 2026 Divestiture of Chuangying: Completed the sale of its 100% interest in Chuangying (educational consulting) for RMB 1,800,000 ($257,588), deconsolidating the educational segment as a discontinued operation.

The Corporate Umbrella

E-Home Household Service Holdings Limited operates as a Cayman Islands holding company that owns 100% of E-Home Household Service Holdings Limited (Hong Kong). The Hong Kong intermediate company holds a 90.8% direct equity interest in E-Home Household Service Technology Co., Ltd. (WFOE), which directly holds 100% of the main operating entities in mainland China.

The principal operating subsidiaries active within the group as of June 30, 2026 include:

• E-Home Household Service Technology Co., Ltd. (WFOE): Wholly foreign-owned management entity established in December 2018.
• E-Home (Pingtan) Home Service Co., Ltd.: Primary domestic operational headquarters established in April 2014.
• Fuzhou Bangchang Technology Co. Ltd.: Core technology and service operational entity established in March 2007.
• Fuzhou Yongheng Xin Electric Co., Ltd.: Wholly owned subsidiary focused on electrical and home appliance technician operations, established in October 2004.
• Fujian Happy Yijia Family Service Co., Ltd.: Wholly owned housekeeping and domestic service training company, established in January 2015.
• Danyang Fumao Health Development Co., Ltd.: Wholly owned operating entity established in June 2021.

⚙️ The Business Engine: What They Do & Where They Operate

The Core Divisions

E-Home divides its continuing business activities into primary reportable operating segments based on service categories. In previous reporting periods, the company also operated a senior care services segment, which was phased out during fiscal year 2025 due to declining market demand.

The primary continuing business divisions are:

• Installation and Maintenance Services: Provides technical installation, repair, regular maintenance, and aftermarket component sales for home appliances including air conditioners, refrigerators, water heaters, washing machines, kitchen hoods, and gas stoves. The company also sells replacement parts such as control panels, electric boards, condensers, compressors, and television displays.
• Housekeeping Services: Provides residential cleaning, deep cleaning, maternity matron services, and corporate facility cleaning. In recent years, E-Home expanded this division to secure institutional maintenance contracts covering high-speed railway stations, Grade A office facilities, secondary and primary schools, and public venues across Fujian Province.
• Senior Care Services (Legacy/Discontinued): Provided wearable E-watch tracking devices, emergency alert monitoring, health measurement tracking, and localized elderly care assistance. Due to market shifts, no revenue was generated from senior care services in fiscal year 2026.

The financial performance breakdown across operating segments for the years ended June 30, 2026, 2025, and 2024 is summarized below:

The segment data highlights notable operational shifts across the business:

• Installation & Maintenance expansion: Division revenue grew by $6,133,615 in fiscal 2026, driven by higher user platform activity and expanded service coverage.
• Housekeeping profitability gains: Housekeeping gross profit rose to $3,312,532 in 2026 from $2,176,324 in 2025, benefiting from commercial venue contracts that yield higher margins.
• Elimination of Senior Care contribution: Revenue dropped from $4,025,456 in 2024 to $353,404 in 2025, before phasing out completely in 2026.

The Global Product Catalog

E-Home operates primarily as a service delivery business rather than a consumer goods manufacturer. Its service offerings are organized around seasonal home appliance maintenance patterns and scheduled domestic assistance:

• Seasonal Appliance Maintenance: Focused services organized around seasonal shifts—kitchen range hoods, gas stoves, and water heaters from January to March; air conditioners and refrigeration units from April to August; and televisions and washing machines from September to December.
• Appliance Component Replacement: Distribution of replacement accessories during repair jobs, including control boards, power units, condensers, compressors, and TV screens (priced from RMB 400 to RMB 1,600).
• Residential Cleaning: Standard hourly housecleaning priced at an average of RMB 46.3 ($6.80) per hour, with minimum booking increments of four hours. Independent cleaners receive standard hourly compensation of RMB 37.5 ($5.51).
• Institutional Facility Management: Janitorial, sanitation, and ongoing building maintenance services provided to commercial properties, transportation hubs, and educational campuses.

The Names You Know

The company markets its platform and service network primarily under the trademarked brand name “e 家快服” (“E-Home”). In addition to its registered brand names, the company holds registered software copyrights covering its online matching algorithms, customer order dispatch interface, and WeChat service integrations.

Mapping the Global Reach

E-Home generates 100% of its revenues from operations within the People’s Republic of China. The company’s service geographic distribution is concentrated across specific regions depending on the service category:

• Home Appliance Installation & Maintenance: Operations are concentrated primarily across rural-urban fringe districts within Shandong, Henan, and Hunan provinces.
• Housekeeping & Commercial Cleaning: Service delivery is concentrated within Fujian, Shandong, and Guangxi provinces.

The Brick & Mortar Footprint

E-Home maintains a lean physical footprint, relying on digital platform matching to coordinate off-site third-party technicians and workers. Its physical properties consist of corporate offices and long-term leased real estate assets in Fujian Province:

• Executive Headquarters: Owns approximately 1,000 square meters of corporate office space in Fuzhou City, Fujian Province (purchased in November 2021 and operational since September 2022).
• Shoushan Waterfall Scenic Area Real Estate: Leases three villas and scenic land in Lingtou Village, Jinan District, Fuzhou City under a 20-year master lease expiring on December 31, 2037. Total prepaid right-of-use land consideration was RMB 15 million ($2.20 million), with 5-year lease installment payments for the remaining villas amounting to RMB 4,950,000 ($726,776) for the 2023–2027 period.
• Farmland Real Estate Asset: Holds a long-term right-of-use agreement for 74 acres of farmland obtained in July 2021 for a total consideration of RMB 15 million ($2,319,791) over a 12.5-year lease term.

📊 The Financial Health: The Global Numbers Simplified

Earnings, Expenses, & Take-Home Profits

E-Home recorded total revenues from continuing operations of $57,147,358 in fiscal year 2026, representing an 18.2% increase compared to $48,332,652 in fiscal year 2025. This growth was driven by higher order volumes in home appliance maintenance and an expansion in commercial housekeeping contracts. Operating expenses declined sharply due to reduced promotional marketing spend and tighter administrative cost controls, enabling the company to return to operating profitability.

The complete Consolidated Statements of Operations and Comprehensive Income (Loss) for the fiscal years ended June 30, 2026, 2025, and 2024 are presented below:

Key takeaways from the income statement include:

• Turnaround to Net Income: E-Home achieved a consolidated net income of $1,569,837 in 2026, up from net losses of $3,141,905 in 2025 and $19,468,052 in 2024.
• Reduction in Selling Expenses: Sales and marketing expenses dropped by 39.3% to $8,086,406 in 2026 from $13,332,629 in 2025, as promotional spend was scaled back.
• Divestiture Gains: Net income was bolstered by a $664,697 net tax gain on the disposal of Chuangying in fiscal 2026, following a $2,827,017 gain on the sale of Zhongrun in fiscal 2025.

Assets, Debts, & Corporate Wealth

E-Home expanded its total asset base to $343,313,963 as of June 30, 2026, up from $278,063,374 a year earlier. This expansion was driven primarily by an increase in cash and cash equivalents resulting from direct stock offerings, alongside a reclassification of $60,000,000 in land development deposits to current assets following a project suspension agreement.

The complete Consolidated Balance Sheets as of June 30, 2026 and 2025 are presented below:

Key balance sheet observations include:

• Significant Cash Reserve: Cash and cash equivalents reached $263,274,014 as of June 30, 2026, up from $172,773,409 in 2025, supported by equity financing activities.
• Reclassification of Land Deposit: Reclassified a $60,000,000 deposit to prepayments, deposits, and other current assets after agreeing to suspend the “Haixia Home Management College” project, with refunds scheduled to be returned in installments.
• Low Financial Debt: Total liabilities amounted to $10,098,512, consisting primarily of accounts payable, accrued expenses, lease liabilities, and amounts due to related parties, with no formal bank debt outstanding.

Cash Flow: Tracking the Money Movement

During fiscal year 2026, E-Home generated positive operating cash flow of $3,139,760, a notable turnaround from cash outflows of $3,535,895 in 2025 and $11,453,154 in 2024. Investing activities provided $24,192,783, primarily from the collection of $33.63 million in short-term loan receivables. Financing activities generated $50,525,106 in net cash, driven by direct stock offerings.

The complete Consolidated Statements of Cash Flows for the years ended June 30, 2026, 2025, and 2024 are presented below:

Funding the Future: R&D and Expansion Spending

E-Home incurred cash capital prepayments of $5,008,658 during fiscal year 2026 to acquire assets, SaaS software licenses, and access rights for a smart community property management project. In addition, the company entered into a contract on October 20, 2025 to fund a RMB 4,980,000 renovation project at its Fuzhou facilities, completing payments totaling RMB 3,486,000 (70% of contract value) as of June 30, 2026.

MAP THE CORPORATE FAMILY TREE: STRUCTURE & INVESTMENTS

Subsidiaries, Associates, & Shared Ventures

E-Home operates through its network of domestic subsidiaries across Fujian Province and nearby regions in China:

• E-Home Household Service Holdings Limited (Hong Kong): Intermediate holding company owning 90.8% of WFOE.
• E-Home Household Service Technology Co., Ltd. (WFOE): Primary foreign-owned management entity owning 100% of E-Home Pingtan and Fuzhou Bangchang.
• E-Home (Pingtan) Home Service Co., Ltd.: Primary domestic operating entity owning 100% of YHX, Fujian Happy Yijia, and Danyang Fumao.
• Fuzhou Bangchang Technology Co. Ltd.: Primary platform operations and service coordination subsidiary.
• Fuzhou Yongheng Xin Electric Co., Ltd. (YHX): Operating entity for electrical repair and appliance technician management.
• Fujian Happy Yijia Family Service Co., Ltd.: Housekeeping training and domestic service coordination company.
• Danyang Fumao Health Development Co., Ltd.: Wholly owned healthcare development subsidiary.

Strategic Investments & Minority Stakes

E-Home previously held a minority 20% equity stake in Fuzhou Fumao Health Science and Technology Co., Ltd. (previously Fuzhou Yiyanbao Information Technology Co., Ltd.), down from 67% in September 2021. On December 23, 2022, E-Home Pingtan transferred its remaining 20% equity interest in Fuzhou Fumao to an unrelated third party.

In addition, on May 8, 2026, E-Home Pingtan entered into a smart community property management acquisition agreement with an unaffiliated supplier for RMB 170,000,000. Under the terms of the agreement, the supplier will retain a 10% non-controlling interest specifically tied to the smart community property management system project, which will be held by E-Home Pingtan on the supplier’s behalf.

👥 Power & Control: Who Pulls the Strings?

The Brain Trust: Board of Directors & Executive Leadership

The leadership team and board of directors of E-Home Household Service Holdings Limited as of the report date consist of the following individuals:

• Wenshan Xie (Chairman of the Board of Directors and Chief Executive Officer): Age 53. Founder of the enterprise. Has served as CEO and Chairman since May 2019 and CEO of E-Home Pingtan since 2014. Executive Director and General Manager of Fuzhou Bangchang since 2007. Completed an Executive MBA at Tsinghua University in 2010.
• Chunsheng Zhu (Chief Financial Officer): Age 61. Appointed CFO in November 2020. Served as Financial Manager of E-Home Pingtan since July 2020. Previously served as CFO of Fujian Entrepreneurship Cooperation Electric Co., Ltd. (2010–2020) and Finance Manager at Fuzhou Mawei Shipping Co., Ltd. Graduated from Fujian Jimei Institute of Finance and Economics in Industrial Accounting.
• Xiaojing Wu (Co-Chief Executive Officer and Director): Age 36. Serves as Director of the Office at Hebei Yunying Dongshan Hotel Co., Ltd. since September 2023. Previously served as Office Supervisor at Qinhuangdao Tourism Investment Hotel Management Co., Ltd. (2020–2023). Received a bachelor’s degree in Human Resource Management from Wuhan University of Science and Technology in 2016.
• Chunming Xie (Director): Age 31. Securities affairs representative of E-Home since May 2021. Previously served as operating manager of Shanghai Xinggong Technology Co., Ltd. (2018–2021). Received a Bachelor of Laws degree from Shanghai University of Political Science and Law in 2018.
• Yijing Ye (Independent Director): Age 61. Independent Director since May 2021. Chairperson of the Compensation Committee. Serves as CFO of Easen International, Inc. since 2009. Holds a Master’s degree in Financial Engineering from Shanghai Jiao Tong University, a Master of Laws from Wuhan University, and a Bachelor’s degree in Finance from Shanghai University of Finance and Economics.
• Jianhua Wang (Independent Director): Age 54. Independent Director since May 2021. Chairperson of the Nominating and Corporate Governance Committee. Senior manager at China Taiping Insurance Group Ltd since 2009. Holds a bachelor’s degree in financial management from Zhongnan University of Economics and Law.
• Heung Ming Henry Wong (Independent Director): Age 55. Independent Director since March 2023. Chairperson of the Audit Committee. Serves as an Independent Director for Nature Wood Group Ltd., Shansheng Holding (Group) Limited, Ostin Technology Group, Helen’s International Holdings Limited, and TD Holdings, Inc.

Who Owns the Stock?

The beneficial ownership of E-Home’s ordinary shares as of November 4, 2026, based on 75,000,210 total ordinary shares outstanding, is detailed below:

Note: No single shareholder is disclosed as holding a 5% or greater beneficial ownership interest as of November 4, 2026.

🎯 The Strategic Outlook: Future Plans & Potential Pitfalls

Competitive Advantages & Economic Moats

E-Home’s competitive positioning relies on several key operational features:

• Integrated Digital Ecosystem: Combined web and WeChat infrastructure connecting 6.16 million registered platform users with decentralized offline service providers.
• Broad Service Coverage: Established technician network covering over 1,700 technical units and 2,800+ independent housekeeping contractors across 21 provinces.
• Commercial Venue Contracts: Expanding portfolio of commercial cleaning and sanitation contracts covering high-speed rail stations, public campuses, and commercial properties.

What Could Go Wrong? Key Challenges & Business Risks

E-Home operates subject to several material business, legal, and financial risk factors disclosed in its Form 20-F filing:

• NASDAQ Bid Price Listing Compliance: On March 16, 2026, NASDAQ issued a delisting determination after the stock failed to maintain a $1.00 minimum bid price, having executed multiple reverse stock splits (cumulative 1-for-500 split ratio over the prior two years). Following a hearing on April 16, 2026, the NASDAQ Hearings Panel granted conditional listing approval through September 14, 2026, under a one-year Panel Monitor, prohibiting further reverse stock splits during this period.
• Non-Compliance with CSRC Filing Regulations: Under China’s New Overseas Listing Rules effective March 31, 2023, Chinese companies must complete filing procedures with the China Securities Regulatory Commission (CSRC) for overseas offerings. E-Home has not completed required CSRC filings for past offerings since the rules took effect, exposing the firm to administrative warnings and fines ranging from RMB 1 million to RMB 10 million.
• Internal Control Material Weaknesses: Management determined that internal control over financial reporting was ineffective as of June 30, 2026, due to material weaknesses in financial closing and reporting procedures.
• Third-Party Vendor Reliance & Credit Risk: E-Home relies on independent contractors for service delivery and faces potential risks if third-party workers fail to remit cash collected directly from consumers within the contractual 30-day window.
• Share Volatility & Consolidation History: The company has executed five reverse stock splits since September 2023 (1-for-10 in Sept 2023, 1-for-5 in Feb 2024, 1-for-10 in Sept 2024, 1-for-50 in May 2025, and 1-for-25 in March 2026).

The Next Chapter: Growth & Expansion Initiatives

E-Home’s growth strategy centers on expanding into commercial property technology and community services:

• Smart Community Project Expansion: On May 8, 2026, E-Home Pingtan committed RMB 170 million to acquire assets, software platforms, access control hardware, and service contracts for a smart community property management project in Fujian Province, prepaying RMB 35 million ($5.14 million) as of June 30, 2026.
• Fuzhou Headquarters Renovation: Executed a RMB 4.98 million construction and renovation contract in October 2025 for facility upgrades, completing 70% of contractual payments by June 30, 2026.
• Subsequent Equity Financing: On September 29, 2026, E-Home entered into a purchase agreement to issue 71,800,000 ordinary shares at $0.60 per share for gross consideration of $1,000,000 in cash plus 2,104,000 units of a cryptographic digital asset (“MFT”) valued at $20 per unit. The transaction closed on October 9, 2026.

The Verdict: Strategic Outlook & Conclusion

E-Home Household Service Holdings Limited returned to operating profitability in fiscal year 2026, supported by an 18.2% increase in continuing revenues to $57.15 million, improved housekeeping gross margins, and a reduction in selling expenses. The company holds a substantial cash reserve of $263.27 million as of June 30, 2026, with minimal debt liabilities. However, ongoing execution will depend on resolving NASDAQ listing compliance under panel monitoring, clearing CSRC regulatory filing requirements, remediating internal control weaknesses, and successfully integrating its smart community investments.

Official Site: https://www.ej111.com

Note: Financial ratios, margins, year-over-year (YoY) growth rates, and percentage shares of revenue are calculated by FirmsWorld based on figures reported in the company’s official SEC filing.