Hywin Holdings Ltd.

• Hywin Holdings Ltd.
• Finance

HYW

Hywin is the third largest third-party wealth management service provider in China, with a 7.5% market share in terms of 2019 transaction value, according to CIC. According to the same source, among the five largest industry participants in China, we were also the fastest-growing in terms of transaction value. In recent years, we have won awards for our achievements, including “Best Wealth Manager of Greater China Families” at the WealthBriefingAsia Greater China Awards 2020.

We primarily provide wealth management services, insurance brokerage services, asset management services and other services to our clients. Our largest business to date has been our wealth management service business, under which we market and distribute privately raised products, publicly raised fund products and other products, providing a wealth management solution platform to serve clients across lifecycles and both onshore and offshore. For years ended June 30, 2018, 2019 and 2020, the aggregate transaction value of the wealth management products we distributed totalled RMB51.5 billion, RMB55.6 billion and RMB68.2 billion (US$9.7 billion), respectively. Our privately raised products mainly consist of real estate products and private equity and venture capital fund products.

We are the largest distributor of real estate wealth management products in China in terms of 2019 transaction value, according to CIC. Real estate products are a large category of fixed-income products, which are popular among investors with relatively low risk tolerance in China. We have offer products investing in real estate projects from some of the largest property developers in China, such as Evergrande and Sunac. In terms of private equity and venture capital funds, we offer clients investment opportunities in funds managed by leading fund managers such as Hony Capital, China International Capital Corporation, CDH investments, China Renaissance and Fortune, as well as international funds like Hillhouse and GGV. Our insurance brokerage service, under which we offer non-RMB denominated insurance products to our PRC clients through our Hong Kong subsidiaries, has grown rapidly in recent years. Our asset management service business, which historically has been small, is expected to grow significantly as we increase investment in the business. Furthermore, we entered into some other services in the year ended June 30, 2020, primarily representing overseas property investment consultancy services.

We have built out an extensive network coverage with strong distribution capability. As of December 31, 2019, our distribution team consists of approximately 1,700 relationship managers, which is the third largest in China, according to CIC. We had 167 wealth service centers located in 84 cities in 25 provinces and municipalities across China as of June 30, 2020. The productivity of our relationship manager team, as measured by transaction value per relationship manager, was RMB38.7 million (US$5.6 million) for the year ended June 30, 2019, ranking us second among the five largest third-party wealth management service providers in China in 2019, according to CIC. 
 

Offering Team

Pre-IPO Investors

Deal Highlights

less

More

Deal Tracker

Stock Price