Hywin Holdings Announces Unaudited Financial Results for the Second Half and Fiscal Year 2023
Hywin Wealth served 46,627 active clients in fiscal year 2023, a record high for a fiscal year; and the repeat investment rate from existing clients remained high at 82.0%.
- Hywin Wealth served 46,627 active clients in fiscal year 2023, a record high for a fiscal year; and the repeat investment rate from existing clients remained high at 82.0%.
- Hywin Health had registered a total of 33,574 clients as of June 30, 2023 and revenue surged to RMB49.5 million in the second half of fiscal year 2023 from RMB0.4 million in the same period of 2022.
- Cost related to Hywin Health business segment in the six months ended June 30, 2023 was RMB48.3 million (US$7.0 million).
- Net income in fiscal year 2023 decreased by 49.0% to RMB120.3 million (US$17.3 million) from RMB235.9 million in fiscal year 2022.