Highest Performances Holdings Inc. filed its FY2024 annual report with the SEC, including audited financial statements.
Quiver AI Summary
Highest Performances Holdings Inc. (HPH) announced the filing of its annual report for the fiscal year ending June 30, 2024, on Form 20-F with the U.S. Securities and Exchange Commission. The report, which includes audited financial statements, is available on both the SEC's website and HPH's Investor Relations page. The company, formerly known as Puyi Inc., has undergone a strategic transformation aimed at becoming a leading provider of intelligent technology-driven services for families and enterprises. HPH focuses on investing in high-quality enterprises across various sectors, including asset allocation, healthcare, and family governance, and holds controlling interests in two significant financial service providers in China. The press release also contains forward-looking statements regarding the company's plans and potential risks, advising investors to be cautious of placing undue reliance on these projections.
Potential Positives
- HPH has filed its annual report for the fiscal year ended June 30, 2024, with the SEC, indicating compliance and transparency with regulatory requirements.
- The annual report includes audited financial statements, which can enhance investor confidence in the company's financial health and stability.
- The availability of hard copies of the annual report to shareholders free of charge demonstrates the company's commitment to shareholder communication and transparency.
Potential Negatives
- The announcement of filing the annual report may indicate a lack of timely communication, raising concerns about the company's transparency and governance practices.
- The emphasis on forward-looking statements may lead to investor skepticism, as it suggests potential uncertainty in achieving stated goals and performance metrics.
- The use of a new name, Highest Performances Holdings Inc., from Puyi Inc. could signal a strategic shift that might confuse investors or signal instability in brand identity.
FAQ
What is the purpose of the FY2024 20-F report?
The FY2024 20-F report contains Highest Performances Holdings Inc.'s audited financial statements for the fiscal year ended June 30, 2024.
Where can I access the annual report for HPH?
The FY2024 20-F report can be accessed on the SEC's website and on HPH's Investor Relations page.
How can shareholders obtain a hard copy of the annual report?
Shareholders can request a free hard copy of the annual report from Highest Performances Holdings Inc.
What has changed about the company's name?
The company was formerly known as Puyi Inc. and changed its name to Highest Performances Holdings Inc. on March 13, 2024.
What are the primary focus areas of HPH?
HPH focuses on family services, intelligent technology, asset allocation, education, healthcare, and elderly care.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HPH Hedge Fund Activity
We have seen 4 institutional investors add shares of $HPH stock to their portfolio, and 1 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 20,618 shares (+inf%) to their portfolio in Q3 2024
- UBS GROUP AG added 5,404 shares (+inf%) to their portfolio in Q3 2024
- RHUMBLINE ADVISERS added 1,605 shares (+46.3%) to their portfolio in Q3 2024
- BANK OF AMERICA CORP /DE/ removed 92 shares (-100.0%) from their portfolio in Q3 2024
- MORGAN STANLEY added 30 shares (+inf%) to their portfolio in Q2 2024
- GEODE CAPITAL MANAGEMENT, LLC added 0 shares (+0.0%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GUANGZHOU, China, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ: HPH) ("HPH" or the "Company"), today announced that it has filed its annual report for the fiscal year ended June 30, 2024 on Form 20-F (the "FY2024 20-F"), which contains its audited financial statements for the fiscal year ended June 30, 2024, with the U.S. Securities and Exchange Commission (the "SEC") on November 15, 2024. The FY2024 20-F can be accessed on the SEC's website at http://www.sec.gov as well as on the Investor Relations page of the Company's website at Hard copies of the annual report are available, free of charge, to its shareholders upon request.
About HPH
Founded in 2010 and formerly known as Puyi Inc., we have evolved with a vision to become a leading provider of intelligent technology-driven family and enterprise services. Our mission is to enhance the quality of life for families worldwide by leveraging two primary driving forces: technological intelligence and capital investments. We are dedicated to investing in high-quality enterprises with global potential, focusing on areas such as asset allocation, education and study tours, healthcare and elderly care, and family governance.
We currently hold controlling interests in two leading financial service providers in China. The first is AIX Inc., a technology-driven independent financial service platform traded on the Nasdaq. The second is Fanhua Puyi Fund Distribution Co., Ltd., an independent wealth management service provider.
Highest Performances Holdings Inc., formerly known as Puyi Inc., was renamed on March 13, 2024 to reflect its strategic transformation.
Forward-looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When HPH uses words such as "may", "will", "intend", "should", "believe", "expect", "anticipate", "project", "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from HPH's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: HPH's ability to obtain proceeds from the Agreement; HPH's goals and strategies; HPH's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the third-party wealth management industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets HPH serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by HPH with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in HPH's filings with the U.S. Securities and Exchange Commission, which are available for review at
www.sec.gov
. HPH undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Highest Performances Holdings Inc.