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Hywin Holdings Ltd. ("Hywin Wealth," “Hywin,” or
the "Company") (NASDAQ: HYW), a leading independent wealth
management service provider in China, today highlighted
achievements in the growth of its asset management franchise.
Hywin achieved stellar operating results in the
2021 fiscal year that ended on June 30, as net revenues increased
by 42.8% year on year to RMB1.83 billion, while net income surged
by 95.6% year on year to RMB208 million.
Asset management has been a key growth area for
Hywin, as the Company is able to leverage insights from its wealth
management franchise to build an asset management business that is
differentiated by segmented propositions and cross-cycle
resilience, while creating substantial returns for clients. These
insights are drawn from Hywin’s role as a wealth manager with
expertise across asset classes and across onshore and offshore.
Hywin has sourced and selected a full spectrum of investment
products for its 120,000+ high-net-worth clients for more than 15
years, conducting due diligence on hundreds of asset managers and
thousands of products. Drawing on such insights from its wealth
management franchise, Hywin’s asset management business is well
positioned to win.
“Our asset management business is above and
beyond the classic investment management model,” said Ms. Wang
Dian, Chief Executive Officer of Hywin Holdings. “It’s a new
framework to help our clients pursue investment returns, plan
generational succession, and accomplish family aspirations. Our
asset management business is also an important lever for converting
China’s wealth growth into significant recurring income for the
firm, and enhancing long-term shareholder value. Expertise and
excellence, inspired by a higher vision – this is exactly the Hywin
Way.”
The asset manager with a wealth manager
mindsetHywin constructed its asset management business and
calibrates its investment strategies with rigor, backed by its
macro and market foresights. Most importantly, Hywin runs its asset
management business with the client centricity and intellectual
objectivity that guides the Company as a top-notch wealth
manager. To serve the asset management needs of the
most discerning ultra-high-net-worth families in Asia, Hywin Asset
Management (Hong Kong) Limited was among the first Chinese
financial institutions to launch the “external asset management
(EAM)” model to provide highly tailored portfolio management
offerings under discretionary and advisory mandates, supported by
Hywin’s strategic partner - VP Bank (VPBN:SWX), a leading provider
of custody, execution and investment services for independent
wealth managers and family offices.
Another asset management hub of Hywin – Hywin
Global Multi-Strategy Fund SPC – focuses on the asset management
services for high-net-worth clients, with a growing suite of
thematic funds including “Hywin Global Greater China Long Short
Fund”, “Hywin Global PE Fund”, “Hywin Asia New Dividend Income
Fund”, among others.
Notably, “Hywin Global PE Fund” leverages the
Company’s deep insights into the growth trajectory of niche
champions to invest in small-mid-cap companies in Europe and Asia,
delivering an IRR of more than 20% since inception. “Hywin Asia New
Dividend Income Fund” captures value in the Asia high-yield and
convertible bond space, achieving cumulative three-year returns of
more than 40%, as well as a robust year-to-date returns of more
than 8% in a challenging 2021.
Becoming a member of “The Hong Kong LPF
Association”The Hong Kong LPF Association is the advocacy
body formed by leading asset managers, banks, and professional
services firms in Greater China to promote the growth of the
limited partnership fund regime of Hong Kong as the structural
enabler to foster the connection of Asian capital with global
investment opportunities.
Also, as the intellectual bastion of the private
equity fund industry of Hong Kong, the Hong Kong LPF Association
benefits from the guidance and support from the Financial Secretary
of Hong Kong SAR Government, InvestHK, Hong Kong Monetary
Authority, and Financial Services Development Council of Hong Kong,
as well as leading professional advisors such as King & Wood
Mallesons.
On September 27, 2021, Hywin was invited to
become an executive member of the Hong Kong LPF Association. This
milestone is a further testament to Hywin’s asset management
expertise and will stimulate the Company to further contribute to
Hong Kong’s ambition to be the leading “asset management + wealth
management” hub of the world.
The launch of the “Hywin Global Health Care
Fund”In the post-Covid era, health has become an
overarching concern and policy objective for the whole world. How
to translate the latest technological advances in life sciences and
healthcare into improved wellness and welfare has become the
challenge of our times.
On October 8, 2021, the Company launched “Hywin
Global Health Care Fund”, with two integrated missions: firstly,
channeling Asia’s capital into leading companies in life science,
healthcare, and healthtech around the globe, to generate
sustainable investor value; secondly, introducing the best global
healthcare offerings and services into China, to create substantial
health improvements for the populace.
About Hywin Holdings Ltd.Hywin
(NASDAQ: HYW) is a leading independent wealth management service
provider in China focused on providing asset allocation advisory
services and comprehensive financial products to high-net-worth
clients. The Company’s primary services are wealth management,
asset management, and other comprehensive financial services.
Wealth management is currently the Company’s largest business
segment, in which its onshore and offshore solution platforms serve
clients across generations. For more information, please
visit https://ir.hywinwealth.com.
Safe Harbor StatementThis press
release contains statements that may constitute “forward-looking”
statements pursuant to the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“anticipate,” “estimate,” “forecast,” “plan,” “project,”
“potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,”
“intend,” “may,” “should,” “will,” “is/are likely to,” “could” and
similar statements. Statements that are not historical facts,
including statements about the Company's beliefs, plans, and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
Company's filings with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
Investor Contact:Hywin Holdings
Ltd.Jingyi WenEmail: ir@chyjr.comICR, LLCRobin YangPhone: +1
212-537-5797Email: HywinIR@icrinc.com
Media contact:ICR, LLCKer ZhengPhone: +86
139-2280-3249Email: HywinPR@icrinc.com
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