Hywin Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2024
Hywin Holdings Ltd. - American Depositary Shares (HYW)
Company Research
Source: GlobeNewswire
SHANGHAI, June 28, 2024 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin” or the "Company") (NASDAQ: HYW) today announced its unaudited financial results for the first half of fiscal year 2024 ended December 31, 2023. The Company’s businesses and operations in China faced significant headwinds as changes in the asset management industry, overall asset valuation levels in China and the economic environment presented challenges for the Company. The redemption issues of the asset-backed products business, which the Company has now discontinued, caused disruption to Hywin’s brand and operations and affected the confidence of clients, which resulted in a significant decline in total revenues and materially negative impact on bottom line, and adversely impacted results of operations and financial conditions during the reporting period. As previously disclosed by the Company in our Form 6-K filed on December 14, 2023, with respect to the redemption issues of asset-backed products Hywin ha
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HYW
News
- Hywin Holdings Ltd. to Hold Extraordinary General Meeting on July 17, 2024 [Yahoo! Finance]Yahoo! Finance
- Hywin Holdings Ltd. to Hold Extraordinary General Meeting on July 17, 2024GlobeNewswire
- Hywin Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2024 [Yahoo! Finance]Yahoo! Finance
- Hywin Holdings Announces Updates on Strategic Business Transformation Plan [Yahoo! Finance]Yahoo! Finance
- Hywin Holdings Announces Updates on Strategic Business Transformation PlanGlobeNewswire
HYW
Sec Filings
- 6/28/24 - Form 6-K
- 6/28/24 - Form 6-K
- 6/28/24 - Form 6-K
- HYW's page on the SEC website