CIH - Earnings call transcript Q3 2020 | China Index Holdings Ltd

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Operator

Ladies and gentlemen, thank you for standing by and welcome to the China Index Holdings Limited FY 2020 Third Fiscal Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. There will be a presentation, followed by a question-and-answer session. [Operator Instructions] I must advise you that this conference is being recorded today, November 11, 2020. I would now like to hand the conference over to Jessie Yang. you. Thank ahead. go Please,

Jessie Yang

Hello, XXXX welcome earnings operator. Holdings China third quarter conference everyone, you, to and Index Thank call.

Chen. Financial Joining results us your Ms. questions. and will are CIH's prepared Lili Controller our CEO, our today Ms. Yu answer to management After these discuss remarks, Huang;

expectations. that historical our we Before forward-looking may started, you statements like facts, of about course that to would get the and this not including make beliefs statements we remind are I during conference call,

statements statements, and results important differ in Forward-looking risks factors could our assumes uncertainties materially public in contained forward-looking Potential our of this are Form elsewhere. inherent A number with those and update risks CIH involve uncertainty. include, those obligation statements. cause SEC, the F-X. to any outlined to the filings no and including actual conference forward-looking not in from call but limited to

XXXX, number you change. after the will This in third XXXX. analytics is were of the growing in XXXX. of were and like XX.X% corresponding the RMB an Cost period was in tax stable corresponding period period of million X.X primarily The million the compared an compared XX.X XX RMB of an to XXXX, increase million customers. XXXX. million will corresponding Now third of RMB in $XX.X income third on XX.X our of third of maintain from corresponding period the of RMB third XXXX. RMB operations of quarter preliminary on from in questions. XX an XX.X third services in million The million Operating and go Net of corresponding for quarter through million XX.X quarter XX.X increase to corresponding Thank Based to from quarter selling from view, expenses million of of million information quarter the of XXXX. from XX, of of in were the of in of RMB $XX.X would CIH the from XXXX, session. Revenues XX.X of in Revenues was third to you of XXXX. RMB in of of the of marketing increase XX.X% income RMB tax of management's XX.X expenses million December its of was of from RMB due subject the for quarter in XXX.X quarter Q&A annual a of corresponding personnel XXXX, RMB due an the million the represent from of General RMB These XX.X% confident XX.X increase XX.X please staff on million of third both XX the the your marketing period RMB in million XXXX. headcount. results, fiscal third the which is momentum were XXXX XX.X% in of revenue the answer X.X% quarter XX.X% third an administrative the increase corresponding period from and us period RMB million for which in expenses an total growth marketplaces the Operating the the to revenue of ahead. open XXXX, in of RMB today XXXX X.X% estimates in period market ending now and was its RMB RMB XXXX, quarter conditions, we're and were XXXX, increase of million that an the current third XX.X the RMB million from X.X% XXXX. XX.X million an again management million million year XXXX, Operator, reported to the costs current in and increase XX.X profit period RMB million million net in quarter and I increase in X% number income income period was were XX quarter This an in Selling increase XXXX. were XXXX, in increase RMB the RMB of which XXXX. in period joining corresponding of expenses double-digit primarily revenues million the the the increase XXXX. in quarter XXX.X Huang remains Ms. in questions third walk of the from corresponding resulting stable which RMB personnel from RMB are expenses XX and XXXX. corresponding for company an XXXX,

Operator

comes and the [ph] from Gary Instructions] Zhou Your question gentlemen, now Capital. from Ladies [Operator will we TL first question-and-answer begin session

open. is Your line

Unidentified Analyst

the XXXX fourth company for for your and some total question account Does [Foreign the can question. a of Language] will my investments? trend of the these assets. And I this cash XXXX? first this last growth any next there's Maybe specifically is end second year. And reason the year Thank plans that third on $XXX the XX% the impact XXXX. do total balance the you. in the the revenue continue, If are business quarter revenue short-term that around the What's accumulate this? what we my see quarter you balance Okay. in behind and will company aware company's by have is my question the around question is how assets? plan sheet, of in My future? is for find we total translate in investment slowdown million And company's

Yu Huang

[Foreign Language]

Jessie Yang

a the well the that environment real the the tighter as response. Huang's to we question, slowed. brief Thank now response estate from has sector. you This a was by including financial as impacted for I perspective QX on yes on services translation do regulatory on translation question. do In will first Ms. see revenue macroeconomic

So a also the result as clients services our has was clients. impacted. cash impacted And regulatory this flows CIH including environment financial of our

So tightening did provide one in we our and our the this increased in in technologies. under clients database macroeconomic building new growth. we have this slow of also the our for well Internally, R&D investment discounts reasons the QX was background, as as to

growth. Although, recognition, in both we and have confident recent as terms in products slowed as we are future of in months our services client prospects well

question Regarding and will together. them I answer three, question two

that to China. one is the currently based areas: to of the We in throughout are looking number develop cities we're in following increase

control, was throughout due offices pandemic we in one, at did In in there of also China. as Our the being XX cluster emergence QX goal down to this slow the beginning quarter seen an by hope a the was well year pandemic to have in And but we and of as under investments was of goal QX this in Beijing. catch complete increased have this of in QX development, this do to we beginning XXXX. area. In up development, terms Internally year and research in of and our the QX as data big China.

are as data, business in big to technologies. development We increase and new as well looking investments

investment the in opportunities. researching includes development research we're potential target currently this for companies good However, stage. And and

synergies big actively We for in you. are looking with investments, Index approach companies cautious especially we in our Thank with and China are technology, data could opportunities in synergies Holdings. but have that

Unidentified Analyst

Language] [Foreign Thank you.

Operator

would like our are hand back conference There time. presenters. further no Instructions] questions at this now to the I [Operator to

Jessie Yang

XXXX and Thank call. our you you, earnings Thank for China quarter today. forward joining again Holdings' to earnings you operator, with thank quarter fourth We for Index third everyone look you. call speaking

Operator

Ladies and today. that Thank for gentlemen, our for concludes participating. conference you

disconnect. may all You now

Jessie Yang	Investor Relations
Yu Huang	Chief Executive Officer

China Index (CIH) 11 Nov 202020 Q3 Earnings call transcript