CIH - Earnings call transcript Q4 2020 | China Index Holdings Ltd

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Operator

Ladies and gentlemen, thank you for standing by and welcome to China Index Holdings Limited FY 2020 Full Fiscal Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I'd now like to hand the conference over to Ms. Investor China of Holdings Head Yang, Relations Index of Limited. Jessie you. Thank ahead. Please go

Jessie Yang

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

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

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

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

XXXX, Selling administrative Income to an Operating million expenses income million from from to XXXX, XXXX, for increase were primarily RMBXXX.X period remains was RMBXXX.X Operating Income a from corresponding XXXX. million selling RMBXXX.X XXXX, million the which XXXX. from the of from an corresponding RMBXXX.X number Revenues compared to XXXX, RMBXX.X the from in revenue. Operating million in in in the management information with million RMBXX RMBXXX.X in million XX.X% RMBXXX.X the period to million XXXX. RMBXXX.X of was due XX.X% million an million in were million of from quarter which quarter its RMBXXX like services million quarter from fiscal million of quarter RMBXXX.X increase stable RMBXX.X million, would increase from fourth the the XXXX, Revenues an XX.X% XX% increase increase of corresponding expenses to the increase X.X% fourth and in to I million results million due RMBXX.X were and was RMBXX.X of were services increase in in an of XXXX, expenses represent analytics XXXX, from increase questions an RMBXXX.X million in million RMBXXX.X were X.X% on period of due from growing preliminary XXXX. in of expenses In XXXX, Revenues fourth operations stable in period RMBXX.X fourth the your million XXXX, XXXX, RMBXX.X the will Q&A RMBXX.X of in Now compared million XXXX. XX.X% market million, conditions, from the RMBXXX.X which period XX% which expects quarter And XXXX, marketing million an were for now, the were CIH in corresponding are expenses increase period General million revenue was for Selling customers. compared headcount. a the our corresponding in quarter session. and for RMBXX.X RMBXX.X of the of in personnel for in quarter period revenues million subject an fourth revenue million million increase an to XXXX. RMBXXX.X an which XXXX, to in stable and XXXX. RMBXX.X primarily costs, in SaaS, of go from Operator, the year XX% income period X.X% million period services, remains primarily corresponding compared services total number million million fourth RMBXX.X an an income Based personnel Net an XXXX. in RMBXX increase number fourth in XXXX. increase an customers. for million RMBXX.X marketplace view, of Net RMBXX.X the increase of In for Ms. of of the XXXX, marketing RMBXXX.X an million from increase of the questions. an of million from to ahead. of million from of RMBXX.X fourth X.X% of expenses increase in CIH Cost in current total corresponding an in total million increase corresponding XXXX in and of increase of to of due of fourth answer quarter million was and were in RMBXX.X XXXX. tax XXXX. from million to analytics quarter from remains double-digit XXXX, the change. quarter from were XXXX, information in XXXX, RMBXX.X customers. were reported of for fourth growth the XXXX. in decrease corresponding number in expenses of XXXX, X.X% Revenues were the marketplace go of were of marketing of an in of XXXX. stable million RMBXXX period These of administrative on in current the RMBXXX.X please of RMBXXX.X SaaS from million fourth in RMBXX.X RMBXX.X from income the XXXX, XXXX, General XXXX, estimates an million corresponding the Huang system of are XXXX, resulting management's Operating X.X% RMBXX.X XXXX you, of the quarter XXXX. XX.X% XXXX. RMBXXX.X increase reported of for tax XXXX Cost million increase XXXX. of XX.X% of and primarily in of through of revenues after momentum and open X.X% RMBXX.X for XXXX, in was of maintain and of expenses we

Operator

question-and-answer and Gary now Ladies your session. Instructions] [ph] begin from the question comes we’ll you. line question. First ask Zhou Please gentlemen, Thank Capital. from of TL the [Operator

Unidentified Analyst

[Foreign Language]

Jessie Yang

I So asked translate were. questions briefly. will The two

growth? XXXX? influence of made is, was China's business rate. outlook question on under global still like first XXXX, Thank for, under estate back and for, the the to growth real real has of XXXX? pandemic question recent us to would looking achieve The on, XX% kind development We a from in the the and COVID-XX, could company know, your CIH what achieved contribute with And CIH in market views Chinese trends, this The management efforts view, recent second you. share estate you the please macro -- market

Yu Huang

Language] [Foreign

Jessie Yang

there. Hi,

translate well. also global will only XXXX our Huang's I due as economy was So difficult pandemic for a business everyone, the year to the but Ms. response. affected not which global

of Our our prices growth pandemic. products customers. our increase year customers the we some gave well last services and as increase with the quality in even as increased of from the difficulties not products year from increase the the comes to in of the We mainly to our prices. number last year and alleviate discounts and did Normally the every our services

compared our to is [Foreign not still number our expectations result relatively of we well, our has XX% Language] This to did growth that customers the but increased. due growth a peers. as met So has

Yu Huang

[Foreign Language]

Jessie Yang

Ms. to translate second question. I response will Huang's the

do change there X We be which in will for means fully business second may its and is that change in the demand market about For X our urbanization in well real recover from a that a as the asked will CIH's decrease and opportunities We estate in And because outlook. in question structural the as see this our believe industry a increase the see Tier China. growth to outlook our estate needs. for in their due the estate real economy outlook regulations. client growth. Tier maintain for positive increase whole do needs in the an XXXX revenue greater changes XXXX expect increase you as In real presents will will growth. Chinese that economy a We

optimistic So XXXX, XXXX, end this cities as of hope the plan end And previously and to we increase QX, we cities. the XX expect revenue. we In have in the services cities strategy. continue business to through some year, our by strategy operations of the to general, our to expanding XX In will our we Thank continue And on our we by in face planned. with business, originally -- you. more and grow of price as to remain discussed tailwinds. plan extension

Operator

management right. further to Thank are there you. for back the [Operator If turn team questions, call I'll All the closing remarks. their Instructions] no

Jessie Yang

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

Operator

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

You may all disconnect.

Jessie Yang	Head-Investor Relations
Yu Huang	Chief Executive Officer

China Index (CIH) 12 Mar 212020 Q4 Earnings call transcript