share_log

Hywin | 6-K: Report of foreign private issuer (related to financial reporting)

Hywin | 6-K: Report of foreign private issuer (related to financial reporting)

海银控股 | 6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/06/28 20:41

Moomoo AI 已提取核心信息

Santech Holdings (formerly Hywin) reported a significant net loss of RMB1.07 billion ($149.3 million) for H1 FY2024, compared to a net income of RMB70.6 million in the prior year period. Total revenues decreased 23.6% to RMB791.2 million, primarily due to challenges in the wealth management segment and redemption issues of asset-backed products.The company recorded substantial impairment losses, including RMB257.7 million on goodwill and RMB332.4 million on long-lived assets, mainly related to health management acquisitions. Credit losses of RMB449.0 million were recognized primarily on accounts receivable from asset managers. Cash and equivalents decreased to RMB330.0 million from RMB945.9 million as of June 2023.In a strategic shift, Santech announced its complete exit from wealth management and asset management businesses, terminating VIE arrangements with Hywin Wealth. The company plans to pivot toward technology sectors, including new retail, social e-commerce, and metaverse industries, though acknowledging significant uncertainties in this transformation.
Santech Holdings (formerly Hywin) reported a significant net loss of RMB1.07 billion ($149.3 million) for H1 FY2024, compared to a net income of RMB70.6 million in the prior year period. Total revenues decreased 23.6% to RMB791.2 million, primarily due to challenges in the wealth management segment and redemption issues of asset-backed products.The company recorded substantial impairment losses, including RMB257.7 million on goodwill and RMB332.4 million on long-lived assets, mainly related to health management acquisitions. Credit losses of RMB449.0 million were recognized primarily on accounts receivable from asset managers. Cash and equivalents decreased to RMB330.0 million from RMB945.9 million as of June 2023.In a strategic shift, Santech announced its complete exit from wealth management and asset management businesses, terminating VIE arrangements with Hywin Wealth. The company plans to pivot toward technology sectors, including new retail, social e-commerce, and metaverse industries, though acknowledging significant uncertainties in this transformation.
海维控股公司公布了2024财年上半年的未经审计财务业绩,报告显示在重大业务重组中出现了显著亏损。总收入同比下降23.6%,降至79120万人民币,而净亏损达到106880万人民币,相较于2023财年上半年7060万人民币的净利润。公司确认由于停止的资产支持产品业务而产生了重大信用损失和减值。海维已退出其在中国的财富管理和资产管理业务,终止了与海维财富的合同安排。公司正在转向专注于技术驱动的新业务模型,涉足新零售、社交电子商务和元宇宙概念等领域。计划在获得股东批准后更名为Santech Holdings Limited。公司面临短期挑战,包括运营规模减少、前资产支持产品业务的持续赎回问题,以及证券集体诉讼。然而,管理层相信业务转型将为长期创造新的机会,尽管过渡过程中固有的不确定性。
海维控股公司公布了2024财年上半年的未经审计财务业绩,报告显示在重大业务重组中出现了显著亏损。总收入同比下降23.6%,降至79120万人民币,而净亏损达到106880万人民币,相较于2023财年上半年7060万人民币的净利润。公司确认由于停止的资产支持产品业务而产生了重大信用损失和减值。海维已退出其在中国的财富管理和资产管理业务,终止了与海维财富的合同安排。公司正在转向专注于技术驱动的新业务模型,涉足新零售、社交电子商务和元宇宙概念等领域。计划在获得股东批准后更名为Santech Holdings Limited。公司面临短期挑战,包括运营规模减少、前资产支持产品业务的持续赎回问题,以及证券集体诉讼。然而,管理层相信业务转型将为长期创造新的机会,尽管过渡过程中固有的不确定性。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息