Skiptomainnavigation Overview Corporate oCompanyProfile oManagement oBoardofDirectors oBoardDiversityMatrix oCorporateGovernance News&Events oNewsReleases oEventCalendar oWebcasts&Presentations oAnnualGeneralMeeting StockInformation oStockQuote&Chart oHistoricalPriceLookup oInvestmentCalculator Financials oSECFilings oQuarterlyResults oAnnualReports InvestorResources oInvestorFAQs oInformationRequest oEmailAlerts oContactIR NewsReleaseDetails ChinaIndexHoldingsAnnouncesThirdQuarter2022UnauditedFinancialResults November15,2022PDFVersion BEIJING,Nov.15,2022(GLOBENEWSWIRE)--ChinaIndexHoldingsLimited(NASDAQ:CIH),(“CIH”orthe“Company”),aleadingrealestateinformationand analyticsserviceplatformproviderinChina,todayannounceditsunauditedfinancialresultsforthethirdquarterendedSeptember30,2022. ThirdQuarter2022Highlights TotalrevenueswereRMB97.7million,adecreaseof39.3%fromRMB160.8millioninthecorrespondingperiodof2021. OperatingincomewasRMB30.9million,adecreaseof60.4%fromRMB78.0millioninthecorrespondingperiodof2021. NetincomewasRMB27.6million,adecreaseof62.1%fromRMB72.8millioninthecorrespondingperiodof2021. ThirdQuarter2022FinancialResultsRevenues CIHreportedtotalrevenuesofRMB97.7millioninthethirdquarterof2022,adecreaseof39.3%fromRMB160.8millioninthecorrespondingperiodof2021,primarilyduetothebroadmacroenvironmentchallengestheindustryisfacing. Revenuesfrominformationandanalyticsservices(SaaS)wereRMB51.6millioninthethirdquarterof2022,adecreaseof39.8%fromRMB85.7millioninthecorrespondingperiodof2021. RevenuesfrommarketplaceserviceswereRMB46.1millioninthethirdquarterof2022,adecreaseof38.6%fromRMB75.1millioninthecorrespondingperiodof2021. CostofRevenues CostofrevenueswasRMB19.8millioninthethirdquarterof2022,adecreaseof28.0%fromRMB27.5millioninthecorrespondingperiodof2021. OperatingExpenses OperatingexpenseswereRMB47.0millioninthethirdquarterof2022,adecreaseof15.0%fromRMB55.3millioninthecorrespondingperiodof2021. SellingandmarketingexpenseswereRMB22.2millioninthethirdquarterof2022,adecreaseof26.0%fromRMB29.9millioninthecorrespondingperiodof2021,primarilyduetoadecreaseinpersonnelcost. GeneralandadministrativeexpenseswereRMB24.8millioninthethirdquarterof2022,adecreaseof2.0%fromRMB25.3millioninthecorrespondingperiodof2021. OperatingIncome OperatingincomewasRMB30.9millioninthethirdquarterof2022,adecreaseof60.4%fromRMB78.0millioninthecorrespondingperiodof2021. IncomeTaxExpenses IncometaxexpenseswereRMB3.3millioninthethirdquarterof2022,adecreaseof70.3%fromRMB11.0millioninthecorrespondingperiodof2021. NetIncome NetincomewasRMB27.6millioninthethirdquarterof2022,adecreaseof62.1%fromRMB72.8millioninthecorrespondingperiodof2021. BusinessOutlook Duetocurrentunstablemarketconditions,managementbelievesCIH’s2022annualrevenueisexpectedtorecordadouble-digitdecreaseyear-over-year.Theseestimatesrepresentmanagement’scurrentandpreliminaryviews,whicharesubjecttochange. AboutCIH CIHoperatesaleadingrealestateinformationandanalyticsserviceplatforminChinaintermsofgeographicalcoverageandvolumeofdatapoints.Itsservicesspanacrossdatabase,analyticsandpromotionsservicesforChina'srealestatemarkets.CIHservesasubstantialbaseofrealestateparticipantsinChina,includingrealestatedevelopers,brokersandagents,propertymanagementcompanies,financialinstitutionsandindividualprofessionals,withareliable,comprehensiveandseasonablecollectionofrealestatedata,complementedbyavarietyofpowerfulanalyticalandmarketingtools.FormoreinformationaboutCIH,pleasevisithttp://ir.chinaindexholdings.com. SafeHarborStatements Thispressreleasecontainsforward-lookingstatementswithinthemeaningofSection27AoftheSecuritiesActof1933,asamended,andSection21EoftheSecuritiesExchangeActof1934,asamended.Suchforward-lookingstatementsaremadeunderthe“safeharbor”provisionsoftheU.S.PrivateSecuritiesLitigationReformActof1995. Theseforward-lookingstatementscanbeidentifiedbyterminologysuchas“will,”“expects,”“isexpectedto,”“anticipates,”“aim,”“future,”“intends,”“plans,”“believes,”“arelikelyto,”“estimates,”“may,”“should”andsimilarexpressions,andinclude,withoutlimitation,statementsregardingCIH’sfuturefinancialperformance,revenueguidance,growthandgrowthrates,marketpositionandcontinuedbusinesstransformation.Suchstatementsarebaseduponmanagement’scurrentexpectationsandcurrentmarketandoperatingconditions,andrelatetoeventsthatinvolveknownorunknownrisks,uncertaintiesandotherfactors,allofwhicharedifficulttopredictandmanyofwhicharebeyondCIH’scontrol,whichmaycauseitsactualresults,performanceorachievementstodiffermateriallyfromthoseintheforward-lookingstatements.Potentialrisksanduncertaintiesinclude,withoutlimitation,theimpactofthe Company’sbusinessdevelopmentstrategies,theCompany’sabilitytocontinueasagoingconcerninthefuture,theimpactoftheCOVID-19pandemic,andtheimpactofcurrentandfuturegovernmentpoliciesaffectingChina’srealestatemarket.Furtherinformationregardingtheseandotherrisks,uncertaintiesorfactorsisincludedinCIH’sfilingswiththeU.S.SecuritiesandExchangeCommission.CIHdoesnotundertakeanyobligationtoupdateanyfo