Leju Holdings Limited (LEJU) has seen an incline of 14.02% in premarket. However, the last trading session closed at $1.0174 with a decrease of 4.92%.
Annual General Meeting by LEJU– When is it going to take place?
LEJU announced on 12th November 2021 that the annual general meeting will take place at Room 1120, 11/F, Yinli Building, No. 383 Guangyan Road, Shanghai on 7th December 2021. In the meeting, no proposal will be presented to shareholders for approval. Instead, the AGM will be an open platform for shareholders and holders of the Company’s ADSs to speak with leadership on the company’s operations.
First Half Year 2021 Results Disclosed
On 31st August 2021, LEJU reported the first half-year results in 2021. The report issued by the company says that the total revenue grew by 8% to $301.1 million years over year. Moreover, E-commerce service revenues climbed by 13% to $231.4 million years over year. Not only this, but the online advertising revenue fell 6% to $69.3 million years over year. Furthermore, the loss from operations was $49.9 million, compared to $1.2 million in the same quarter of 2020.
Now what?
The burden on real estate developers’ operations and sales steadily increased in the first half of 2021. This owed to tightening restrictions in China’s real estate business. Despite the difficult circumstances, Leju’s entire business grew steadily. However, owing to a deterioration in one of our real estate developer customers’ credit status, our bad debt provision for the first half of this year increased by US$48.9 million compared to the same time in 2020, resulting in a loss for the first half of this year.
Fourth Quarter and Full Year 2020 Results – What’s the news?
LEJU announced fourth-quarter 2020 results on 26th March 2021. The total sales were $230.4 million, 2% more than the previous year. Moreover, the online advertising services revenue climbed by 43% year over year to $60.1 million. Not only this, but the E-commerce revenue was down 8% to $170.1 million years over year.
Furthermore, the income from operations for the first quarter of 2019 was $10.1 million, $9.0 million more than the previous year. Non-GAAP income from operations was $13.4 million in the first quarter of 2019, down 4% from $14.0 million the previous year. Lastly, LEJU stockholders earned $6.1 million, 36% more than $4.5 million in the same quarter of 2019.
