JUPAI HOLDINGS LIMITED Jupai Holdings Ltd.（NYSE: JP）
Q1 2021
Disclaimer
The information in this presentation is provided to you by Jupai Holdings Limited (the "Company") pursuant to Section 5(d) of the U.S. Securities Act of 1933, as amended (the "Securities Act"), solely for informational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or instrument of the Company, or to participate in any investment activity or trading strategy, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever, in the United States or anywhere else. The information included herein was obtained from various sources, including certain third parties, and has not been independently verified.
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The Potential of Wealth Management Market in China
Steady Growth Rates in the Number of HNWIs & Total Investable Wealth
The Number of HNWIs Will Reach 2.96 million by 2021
296 | |
262 | |
2020 | 2021E |
The Total Investable Wealth Will Reach RMB 96 trillion by 2021
Ten Thousand
96 | |
84 | |
2020 | 2021E |
Chinese HNWIs and their wealth will grow continually
Source: CMB China Private Wealth Report 2021; HNWI refers to individual who owns investable wealth more than RMB10 million.
RMB Trillion
1
The Potential of Wealth Management Market in China
The HNWIs Now Demand More Professional Wealth Management Service
Willing to
accept more professional WM service
What service
we can provide
Why is the demand booming?
−Most of HNWIs lack of professional investment knowledge
−The government encourages the transition from indirect financing to direct financing
−The asset structure of HNWIs is diversifying
−Various service needs, including overall asset allocation, medical insurance and health services, children's education, etc.
Features of third-party wealth management firms
−Provide clients with one-stop integrated service
−Provide channels for investing in STAR through PE/VC
With respect to wealth management, Chinese HNWIs are moving from "DIY" phase to "Advisor" phase
2
Jupai - Revenues & Income
Net Revenue（RMB￥mn） | |||||||||
Net Revenue（RMB￥） | |||||||||
Start-Up Phase | Transition Phase | ||||||||
1,706.2 | |||||||||
1,127.7 | 1,321.7 | ||||||||
595.0 | 785.9 | ||||||||
388.2 | |||||||||
138.9 | 237.7 | ||||||||
52.1 | 83.7 | ||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021Q1 |
NonNet-GAAPIncome(1) N tAttributableIncome Attributableto Ordinaryto OrdinaryShareholdersShareholders（RMB（RMB￥mn￥）mn）
Start-Up Phase | Transition Phase | ||||||||
454.0 | |||||||||
175.5 | 243.0 | ||||||||
25.1 | 56.7 | 44.6 | 13.0 | -154.5 | 4.3 | ||||
-27.8 | |||||||||
2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021Q1 |
The Main Components of Net Revenue（RMB￥mn） | ||||||||
The Breakdown of Net Revenue（RMB￥mn） | ||||||||
One-time commissions | ||||||||
Start-Up Phase | Transition Phase | |||||||
1,038.7 | ||||||||
633.2 | 737.5 | |||||||
134.6 | 212.3 | 336.5 | 318.9 | 162.2 | ||||
31.2 | ||||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021Q1 |
Recurring management fees | ||||||||
Start-Up Phase | Transition Phase | |||||||
363.7 | 435.5 | 338.6 | ||||||
260.6 | ||||||||
3.8 | 13.6 | 142.4 | 98.0 | 24.8 | ||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021Q1 |
As of Mar. 31, 2021 AUM: ~RMB32.9billion |
Source: Company information. | 3 |
(1) | Jupai's non-GAAP financial measures are derived from adjusting the corresponding GAAP financial measures by excluding the effects of share-based compensation, amortization of intangible assets resulted from business acquisitions, |
impairment loss of investment in affiliates and impairment loss of goodwill.
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Jupai Holdings Limited published this content on 20 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2021 04:01:03 UTC.
