Jupai's Q2 Results: An Overview [Seeking Alpha]
Jupai Holdings Limited American Depositary Shares, each representing six ordinary shares (JP)
US:NYSE Investor Relations:
jupai.investorroom.com
Company Research
Source: Seeking Alpha
Summary Chinese wealth and asset manager Jupai (US: JP ) today provided Q2 results . You can view my earlier, extensive long-thesis on Jupai here . Anyone not living under a rock can observe that China is having a hard time. Tariffs are putting pressure on the economy. The government is increasing regulation to reduce systemic risks. Last quarter, a lot of fraudulent P2P-lending platforms collapsed, causing Chinese investors to become very cautious. Along with other US-listed China financial sector peers, Jupai’s share price was cut in half during the last three months. So how bad were the actual results? Revenues were up 1.6% in Q2 to $ 67 million. Products sold dropped 21.0% YoY to $ 1.5 billion, while AUM in the asset management division was up 18.1% YoY to $ 8.6 billion. Asset management provided 27% of revenues last quarter, having grown 30% YoY. Underlying, the composition of products sold changed completely due to the Chinese government pushing deleveragi
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