Press Release: Hywin Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2024

-Sales and 
 marketing 
 expenses                 326,879     (311,849)        15,030           2,270 
-General and 
 administrative 
 expenses                 200,929     (144,849)        56,080           8,472 
Total Operating 
 Costs and 
 Expenses               1,552,816   (1,419,248)       133,568          20,177 
                     ------------  -----------      ---------  ----  --------  ---- 
 
Income/(Loss) from 
 operations               281,606     (324,167)       (42,561)         (6,429) 
                     ------------  -----------      ---------   ---  --------   --- 
 
Other 
Income/(Expenses) 
-Interest income, 
 net                        1,537       (1,484)            53               8 
-Other 
 non-operation 
 income/(expense), 
 net                       12,608      (13,207)          (599)            (90) 
Total Other 
 Income/(Expenses)         14,145      (14,691)          $(546.SI)$            (82) 
                     ------------  -----------      ---------   ---  --------   --- 
 
Income/(loss) 
 before tax               295,751     (338,858)       (43,107)         (6,511) 
Income tax expense         88,094      (88,301)          (207)             31 
Net Income/(Loss)         207,657     (250,557)       (42,900)         (6,480) 
                     ============  ===========      =========   ===  ========   === 
 
Net income/(loss) 
 attributable to 
 shareholders             207,657     (250,557)       (42,900)         (6,480) 
 
Other comprehensive 
Income 
-Foreign currency 
 translation gain          10,542            -         10,542           1,592 
Comprehensive 
 Income/(Loss)            218,199     (250,557)       (32,358)         (4,888) 
                     ============  ===========      =========   ===  ========   === 
 
Comprehensive 
 Income/(Loss) 
 attributable to 
 shareholders             218,199     (250,557)       (32,358)         (4,888) 
                     ============  ===========      =========   ===  ========   === 
 
 

See Notes to the Unaudited and Unreviewed Pro Forma Consolidated Financial Statements.

NOTES TO UNAUDITED and UNREVIEWED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS

The pro forma adjustments are based on preliminary estimates and assumptions by management that may be subject to change. The following adjustments have been reflected in the unaudited and unreviewed pro forma consolidated financial information:

(1) Adjustment to reflect the elimination of assets and liabilities attributable to the Discontinued business.

(2) Adjustment to reflect the long-term investment in subsidiaries.

(3) Adjustment to reflect the elimination of internal consulting and technology revenue related to the Discontinued business.

(END) Dow Jones Newswires

June 28, 2024 08:29 ET (12:29 GMT)