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News Spotlight: Jupai Holdings Limited (NYSE:JP) revealed its unaudited financial results

 Jupai Holdings Limited (NYSE:JP) stock identified change of -3.16% away from 52-week low price and recently located move of -89.01% off 52-week high price. It has market worth of $60.33M and dividend yield of 32.61%. JP stock has been recorded -19.67% away from 50 day moving average and -58.00% away from 200 day moving average. Moving closer, we can see that shares have been trading -12.44% off 20-day moving average.

On Aug. 5, 2019, Jupai Holdings Limited (NYSE:JP) a leading third-party wealth management service provider, focusing on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China, revealed its unaudited financial results for the second quarter and six months ended June 30, 2019.

SECOND QUARTER AND FIRST HALF 2019 FINANCIAL HIGHLIGHTS

•           Net revenues in the second quarter of 2019 were RMB185.9 million (US$[1] 27.1 million), a decrease of 58.1% from the corresponding period in 2018. For the first half of 2019, net revenues were RMB466.9 million (US$68.0 million), a decrease of 46.7% from the same period in 2018.

•           Loss from operations in the second quarter of 2019 was RMB55.2 million (US$8.0 million), compared to income from operations of RMB160.3 million from the corresponding period in 2018. For the first half of 2019, loss from operations was RMB67.0 million (US$9.8 million), compared to income from operations of RMB312.8 million from the same period in 2018.

•           Net loss attributable to ordinary shareholders in the second quarter of 2019 was RMB61.0 million (US$8.9 million), compared to net income attributable to ordinary shareholders of RMB87.8 million from the corresponding period in 2018. For the first half of 2019, net loss attributable to ordinary shareholders was RMB86.6 million (US$12.6 million), compared to net income attributable to ordinary shareholders of RMB203.7 million from the same period in 2018.

•Non-GAAP[2] net loss attributable to ordinary shareholders in the second quarter of 2019 was RMB58.6 million(US$8.5 million), compared to non-GAAP net income attributable to ordinary shareholders of RMB115.5 millionfrom the corresponding period in 2018. For the first half of 2019, non-GAAP net loss attributable to ordinary shareholders was RMB81.3 million (US$11.8 million), compared to non-GAAP net income attributable to ordinary shareholders of RMB241.6 million from the same period in 2018.

 The Financial sector company, Jupai Holdings Limited noticed change of -6.60% to $1.84 along volume of 88313 shares in recent session compared to an average volume of 80.03K. The stock observed return of -6.12% in 5 days trading activity. The stock was at -24.28% over one month performance. JP’s shares are at -50.67% for the quarter and driving a -88.85% return over the course of the past year and is now at -58.09% since this point in 2018.   The average volatility for the week at 7.21% and for month was at 6.04%. There are 32.79M shares outstanding and 1.05M shares are floated in market. Right now the stock beta is 1.67. 

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