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An update from E-House (China) Enterprise Holdings Limited ( (HK:2048) ) is now available.
E-House (China) Enterprise Holdings Limited announced an impairment loss of RMB378.6 million for the year ending December 31, 2024, primarily due to the full impairment of intangible assets related to Tianji Network and Leju. The downturn in the e-commerce market and a shift from online to offline real estate transaction services led to decreased revenues, prompting the company to reassess the value of its intangible assets, resulting in significant financial adjustments.
More about E-House (China) Enterprise Holdings Limited
E-House (China) Enterprise Holdings Limited operates in the real estate industry, providing online real estate transaction services through its subsidiaries and consolidated affiliated entities. The company focuses on digital marketing services, e-commerce, and online advertising within the real estate sector.
Average Trading Volume: 1,039,921
Technical Sentiment Signal: Sell
Current Market Cap: HK$174.9M
See more insights into 2048 stock on TipRanks’ Stock Analysis page.