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Puyi Inc. Announces Unaudited Financial Results For the First Half of the Fiscal Year 2020

Puyi Inc. - American Depository Shares (PUYI) 
Company Research Source: GlobeNewswire
GUANGZHOU, China, March 26, 2020 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi”, “we” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on mass affluent and emerging middle class population, today announced its unaudited financial results for the first half of its fiscal year 2020 from July 1, 2019 to December 31, 2019. FINANCIAL HIGHLIGHTS FOR THE FIRST HALF OF THE FISCAL YEAR 2020 Net revenues decreased by 49.8% to RMB62.4 million (US$9.0 million) from RMB124.3 million for the same period of the fiscal year 2019; andNet loss was RMB22.6 million (US$3.2 million) and net loss attributable to Puyi’s shareholders was RMB22.0 million (US$3.2 million), while Puyi recognized net income of RMB45.6 million and net income attributable to Puyi's shareholders of RMB46.5 million for the same period of the fiscal year 2019. Mr. Yong Ren, Chief Executive Officer of Puyi, commented, “With the further implementation of the Guidelines on Show less Read more
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