China Index Holdings Announces First Quarter 2022 Unaudited Financial Results
China Index Holdings Limited - American Depository Shares (CIH)
Company Research
Source: GlobeNewswire
BEIJING, May 20, 2022 (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 first quarter ended March 31, 2022. First Quarter 2022 Highlights Total revenues were RMB118.5 million, a decrease of 11.4% from RMB133.7 million in the corresponding period of 2021.Operating income was RMB45.3 million, a decrease of 25.5% from RMB60.8 million in the corresponding period of 2021.Net income was RMB41.9 million, a decrease of 25.9% from RMB56.6 million in the corresponding period of 2021. First Quarter 2022 Financial Results Revenues CIH reported total revenues of RMB118.5 million in the first quarter of 2022, a decrease of 11.4% from RMB133.7 million in the corresponding period of 2021, primarily due to the broad macro environment challenges the industry was facing. Revenues from information and analytics services
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