Jupai Reports Second 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, Aug. 5, 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 second quarter and six months ended June 30, 2019.SECOND QUARTER AND FIRST HALF 2019 FINANCIAL HIGHLIGHTSNet revenues in the second quarter of 2019 were RMB185.9 million (US$[1] 27.1 million), a decrease of 58.1% from the corresponding period in 2018. For the first half of 2019, net revenues were RMB466.9 million (US$68.0 million), a decrease of 46.7% from the same period in 2018.(RMB '000, except percentages)Q2 2018Q2 2018 %Q2 2019Q2 2019 %YoY Change %One-time commissions282,24363.6%86,51046.5%-69.3%Recurring management fees121,69627.4%67,75636.5%-44.3%Recurring service fees11,4312.6%31,60317.0%176.5%Other service fees28,196
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