Jupai Reports First Quarter 2019 Results
Jupai Holdings Limited American Depositary Shares, each representing six ordinary shares (JP)
US:NYSE Investor Relations:
jupai.investorroom.com
Company Research
Source: PR Newswire
SHANGHAI, June 10, 2019 /PRNewswire/ -- Jupai Holdings Limited ("Jupai" or the "Company") (NYSE: JP), a leading third-party wealth management service provider, focusing on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China, today announced its unaudited financial results for the first quarter ended March 31, 2019.FIRST QUARTER 2019 FINANCIAL HIGHLIGHTSNet revenues in the first quarter of 2019 were RMB281.0 million (US$[1]41.9 million), a decrease of 35.1% from the corresponding period in 2018. (RMB '000, except percentages)Q1 2018Q1 2018 %Q1 2019Q1 2019 %YoY Change %One-time commissions276,43563.8%58,63020.9%-78.8%Recurring management fees122,90828.4%192,22168.4%56.4%Recurring service fees15,0583.5%16,2915.8%8.2%Other service fees18,8164.3%
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