Hywin Holdings Ltd. American Depositary Shares - HYW STOCK NEWS

Hywin Holdings Ltd. (NASDAQ: HYW) reported its financial results for H1 FY2022, revealing a 1.4% increase in net revenues to RMB881.3 million. The company saw a 12.5% rise in total clients to 134,656 and a noteworthy 440.0% growth in hedge fund products. However, net income decreased by 15.9% to RMB70.4 million, and earnings per ADS fell from RMB3.35 to RMB2.51. Operating costs rose by 4.5%, leading to a 20.3% drop in operating income. Despite challenges, Hywin remains committed to diversifying its offerings and enhancing its technology and talent base.

Hywin Holdings Ltd. (NASDAQ: HYW), a premier independent wealth management service in China, announced plans to report its unaudited financial results for the first half of fiscal 2022, ending December 31, 2021, on February 23, 2022. A conference call will take place on the same day at 7:00 A.M. Eastern Time to discuss the results, and registration is required. The company offers a range of financial services aimed at high-net-worth clients, with wealth management being its primary focus.

Hywin Holdings Ltd. (NASDAQ: HYW) has appointed Mr. Zhu Hua as Chief Technology Officer to drive the Company’s digital transformation efforts. Mr. Zhu, with a robust background in technology from companies like Microsoft and Baidu, previously served as CEO of Shanghai Hywin Network Technology Co., Ltd. His promotion reflects his significant contributions since joining in November 2020. Ms. Wang Dian, CEO, expressed confidence in Mr. Zhu’s expertise, emphasizing the success of Hywin's '3-2-1' technology infrastructure. This leadership change aims to enhance strategic growth in digital services for high-net-worth clients.

Hywin Holdings Ltd. (NASDAQ: HYW) announced a joint report on private markets in Asia, set to launch early next year with VP Bank and WealthBriefingAsia. The report aims to assist high net worth investors in navigating private markets for better performance and diversification amid challenging macro conditions. It will cover topics such as investor demographics, barriers to access, and sought-after sectors. CEO Madame Wang Dian emphasized the growing importance of private markets in Asia and how this report aligns with the company's growth strategies.

Hywin Holdings, a prominent wealth management provider in China, announced that CEO Wang Dian and CFO Lawrence Lok will speak at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on November 16, 2021, at 8:00 AM ET. This interactive online event invites global investors to engage with companies through real-time questions. The company highlighted recent achievements, including a 42.8% increase in net revenues year-over-year, reaching RMB1.83 billion, and a 95.6% rise in net income to RMB208 million.

Hywin Holdings Ltd. (NASDAQ: HYW), a leading independent wealth management service provider in China, reported impressive fiscal year results for 2021, with net revenues increasing by 42.8% to RMB1.83 billion and net income rising by 95.6% to RMB208 million.

The company highlighted its successful asset management franchise, leveraging insights from its wealth management expertise. New initiatives include the launch of the Hywin Global Health Care Fund and membership in the Hong Kong LPF Association, enhancing investor value and solidifying its market position.

Hywin Holdings Ltd. (NASDAQ: HYW), a leading wealth management service provider in China, has filed its annual report for the fiscal year ending June 30, 2021, with the SEC on October 12, 2021. The report includes audited consolidated financial statements and is accessible on both Hywin's investor relations website and the SEC's site. The company offers services primarily in wealth management and asset management, catering to high-net-worth clients. Hard copies of the report are available free of charge upon request by shareholders and ADS holders.

Hywin Holdings reported impressive financial results for fiscal year 2021, with a 95.6% increase in net income, reaching RMB 207.66 million ($31.37 million). Fourth quarter net revenues were RMB 502.31 million ($77.78 million), marking a 43% increase year-over-year. The company expanded its client base, with total clients rising 12.5% to 127,317. Notable growth was seen in wealth management services, with a 40.9% revenue boost. Basic earnings per American Depositary Share were RMB 8.05 ($1.22), up from RMB 4.25 in 2020. The company also boasts a strong cash position with RMB 705.31 million ($109.18 million) as of June 30, 2021.

Hywin Holdings Ltd. (NASDAQ: HYW) announced plans to report its unaudited financial results for the fourth quarter and full year of fiscal 2021 on August 31, 2021, before market opening. A conference call will be held on the same day at 8:00 A.M. Eastern Time to discuss the results. Hywin is recognized as a leading wealth management service provider in China, focusing on high-net-worth clients with asset allocation advisory services and comprehensive financial products. More details are available on their investor relations website.