Jupai Reports First Quarter 2021 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, May 18, 2021 /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, 2021.FIRST QUARTER 2021 FINANCIAL HIGHLIGHTSNet revenues in the first quarter of 2021 were RMB83.7 million, a decrease of 13.4% from the corresponding period in 2020. (RMB '000, except percentages)Q1 2020Q1 2020 %Q1 2021Q1 2021 %YoY Change %One-time commissions39,49640.9%31,22737.3%-20.9%Recurring management fees25,29326.2%24,82629.7%-1.8%Recurring service fees31,79832.9%27,62233.0%-13.1%Total net revenues96,587100.0%
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