Jupai Holdings Limited (NYSE:JP) Q1 2019 Earnings Conference Call Transcript

Jun 10, 2019 • 08:00 am ET

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Jupai Holdings Limited (NYSE:JP) Q1 2019 Earnings Conference Call Transcript

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Presentation
Executive
Harry He

attributable to ordinary shareholders for the first quarter of 2019 was minus 9.1% compared to 26.7% for the corresponding period in 2018.

Net loss attributable to ordinary shareholders per basic and diluted ADS for the first quarter of 2019 were RMB0.76 and RMB0.76, respectively, as compared to net income attributable to ordinary shareholders per basic and diluted ADS of RMB3.5 and RMB3.3, respectively, for the corresponding period in 2018.

Non-GAAP net loss attributable to ordinary shareholders for the first quarter of 2019 was RMB22.6 million compared to non-GAAP net income attributable to ordinary shareholders of RMB126.1 million from the corresponding period in 2018. Non-GAAP net margin attributable to ordinary shareholders for the first quarter of 2019 was minus 8.1% as compared to 29.1% for the corresponding period in 2018. Non-GAAP net loss attributable to ordinary shareholders per diluted ADS for the first quarter of 2019 was RMB0.67 as compared to net income attributable to ordinary shareholders per diluted ADS of RMB3.59 for the corresponding period in 2018.

Looking to our balance sheet and the cash flow. As of March 31, 2019, the company had RMB1,066.4 million in cash and cash equivalents and restricted cash, compared to RMB1,302.6 million as of December 31, 2018. Net cash provided by operating activities during the first quarter of 2019 was RMB3.4 million. Net cash used in investing activities during the first quarter of 2019 was RMB239.6 million. Net cash provided by financing activities during the first quarter of 2019 was RMB29,600.

That concludes our prepared remarks. I will now turn the call back to operator to begin the Q&A session. Operator?