Highest Performances Holdings Inc. American Depository Shares (MAAS) 10-Year Financial Performance & Capital Metrics

MAAS • • Banking & Credit

Financial ServicesAsset ManagementWealth Management & Financial AdvisoryComprehensive Wealth Management Firms

AboutHighest Performances Holdings Inc., formerly known as Puyi Inc., is a China-based financial technology company established in 2010. It offers a range of services including wealth management, insurance consulting, trust consulting, and asset management. The company operates through three main segments: Insurance Agency, Claims Adjusting, and Wealth Management.Show more

Net Interest Income $17M +93.4%
Total Revenue $1.19B +935.8%
Net Income -$290M -564.7%
Return on Equity -20.28% -11.0%
Net Interest Margin 0.39% -88.0%
Efficiency Ratio 78.5% -41.3%
ROA -12.75% -6.6%
Equity / Assets 61.71% -24.8%
Book Value per Share 43.77 +1116.3%
Tangible BV/Share 32.81 +819.4%
Debt/Equity 0.08 +22.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 83 (top 17%)
✓Well capitalized: 61.7% equity/assets
✓Diversified revenue: 98.6% from non-interest income
✓Trading at only 0.1x book value

✗Weaknesses

✗Weak NIM of 0.4%
✗High cost structure: 78.5% efficiency ratio
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y42.29%

3Y83.7%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-2.49%

5Y Avg-20.84%

3Y Avg-23.46%

Latest-25.13%

Peer Comparison

Comprehensive Wealth Management Firms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BKThe Bank of New York Mellon Corporation	85.32B	123.97	21.37	17.05%	11.45%	11.82%		1.09
AMPAmeriprise Financial, Inc.	47.21B	508.10	15.37	11.37%	18.97%	56.17%	13.6%	1.05
SAMGSilvercrest Asset Management Group Inc.	124.58M	15.34	15.34	5.32%	7.71%	7.08%	15.97%	0.19
BBTBeacon Financial Corp.	2.3B	27.39	14.97	7.49%	10.5%	6.28%	4.35%	1.28
BMHLBluemount Holdings Limited	51.93M	3.71	9.75	-14.29%	28.04%	39.29%		0.04
BRBIBRBI BR Partners S.A. ADSs	367.48M	14.00	5.69	13.08%	2.61%	23.83%	23.77%	12.34
NOAHNoah Holdings Limited	743.07M	11.18	0.33	-21.06%	18.28%	6.63%	41.07%	0.01
AUREPrestige Wealth Inc.	54.17M	0.28	-0.34	83.6%	-10.75%	-149.12%		0.06

Profit & Loss

	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Net Interest Income+	-2.26M	3.64M	4.91M	11M	10.92M	7.47M	8.59M	16.62M
NII Growth %	-	2.61%	0.35%	1.24%	-0.01%	-0.32%	0.15%	0.93%
Net Interest Margin %	-	-	-	-	-	-	-	-
Interest Income	51K	3.64M	5.96M	11M	10.92M	7.47M	8.59M	16.62M
Interest Expense	2.31M	0	1.05M	0	0	0	0	0
Loan Loss Provision	51.09M	28.82M	30.04M	31.76M	44.04M	55.06M	20.29M	715.61M
Non-Interest Income+	155.64M	162.17M	197.28M	118.48M	180.28M	181.27M	105.85M	1.17B
Non-Interest Income %	-	-	-	-	-	-	-	-
Total Revenue+	155.69M	165.81M	203.23M	129.48M	191.2M	188.74M	114.44M	1.19B
Revenue Growth %	-	0.07%	0.23%	-0.36%	0.48%	-0.01%	-0.39%	9.36%
Non-Interest Expense	55.06M	74.09M	116.06M	151.25M	220.34M	207.79M	152.96M	930.48M
Efficiency Ratio	-	-	-	-	-	-	-	-
Operating Income+	47.24M	62.89M	56.08M	-53.52M	-73.18M	-74.1M	-58.8M	-460.76M
Operating Margin %	-	-	-	-	-	-	-	-
Operating Income Growth %	-	0.33%	-0.11%	-1.95%	-0.37%	-0.01%	0.21%	-6.84%
Pretax Income+	47.53M	71.88M	61.42M	-35.95M	-55.67M	-61.59M	-34.99M	-499.13M
Pretax Margin %	-	-	-	-	-	-	-	-
Income Tax+	7.64M	8.26M	9.4M	-2.39M	-9.61M	-925K	8.59M	12.95M
Effective Tax Rate %	-	-	-	-	-	-	-	-
Net Income+	37.81M	64.6M	53.53M	-32.9M	-46.37M	-60.67M	-43.58M	-289.67M
Net Margin %	-	-	-	-	-	-	-	-
Net Income Growth %	-	0.71%	-0.17%	-1.61%	-0.41%	-0.31%	0.28%	-5.65%
Net Income (Continuing)	39.89M	63.62M	52.02M	-33.55M	-46.07M	-60.67M	-43.58M	-512.07M
EPS (Diluted)+	0.67	1.15	0.95	-0.55	-0.77	-1.01	-0.72	-4.80
EPS Growth %	-	0.72%	-0.17%	-1.58%	-0.4%	-0.31%	0.29%	-5.67%
EPS (Basic)	0.67	1.15	0.95	-0.55	-0.77	-1.01	-0.72	-4.80
Diluted Shares Outstanding	56.02M	56.02M	56.67M	60.31M	60.31M	60.31M	60.31M	60.31M

Balance Sheet

	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	55.2M	103.23M	378.44M	285.92M	260.59M	194.26M	164.47M	295.69M
Short Term Investments	1000K	1000K	1000K	1000K	0	1000K	0	1000K
Total Investments+	14.24M	20.65M	4M	4M	0	5M	0	592.53M
Investments Growth %	-	0.45%	-0.81%	0%	-1%	-	-1%	-
Long-Term Investments	0	5M	2M	0	0	0	0	8.61M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	243.11M
Intangible Assets	1.5M	700K	733K	363K	1.6M	1.11M	1.79M	417.57M
PP&E (Net)	1.02M	890K	4.03M	26.95M	41.35M	43.54M	15.17M	209.01M
Other Assets	0	461K	393K	1.27M	43K	551K	22K	979.02M
Total Current Assets	185.13M	214.57M	467.12M	393.22M	403.33M	394.75M	231M	2.39B
Total Non-Current Assets	6.54M	11.29M	12.28M	39.49M	64.58M	69.18M	33.54M	1.89B
Total Assets+	191.66M	225.87M	479.41M	432.71M	467.9M	463.94M	264.54M	4.28B
Asset Growth %	-	0.18%	1.12%	-0.1%	0.08%	-0.01%	-0.43%	15.17%
Return on Assets (ROA)	0.2%	0.31%	0.15%	-0.07%	-0.1%	-0.13%	-0.12%	-0.13%
Accounts Payable	0	3.68M	5.87M	9.04M	12.3M	11.67M	6.29M	194.36M
Total Debt+	0	0	0	22.11M	31.02M	35.15M	14.47M	215.56M
Net Debt	-55.2M	-103.23M	-378.44M	-263.81M	-229.58M	-159.11M	-150M	-80.13M
Long-Term Debt	0	0	0	0	0	0	0	0
Short-Term Debt	0	0	0	0	0	0	0	98.38M
Other Liabilities	0	0	0	0	0	13.5M	13.76M	487.15M
Total Current Liabilities	33.11M	32.21M	75.83M	47.52M	130.29M	167.13M	24.08M	850.99M
Total Non-Current Liabilities	0	0	0	14.71M	17.31M	36.76M	23.43M	787.18M
Total Liabilities	33.11M	32.21M	75.83M	62.23M	147.6M	203.88M	47.51M	1.64B
Total Equity+	158.55M	193.65M	403.58M	370.48M	320.3M	260.05M	217.03M	2.64B
Equity Growth %	-	0.22%	1.08%	-0.08%	-0.14%	-0.19%	-0.17%	11.16%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.24%	0.37%	0.18%	-0.09%	-0.13%	-0.21%	-0.18%	-0.2%
Book Value per Share	2.83	3.46	7.12	6.14	5.31	4.31	3.60	43.77
Tangible BV per Share	-	-	-	-	-	-	-	-
Common Stock	529K	529K	600K	600K	600K	600K	600K	2.62M
Additional Paid-in Capital	91.22M	62.7M	224.7M	224.7M	224.69M	224.69M	224.69M	1.58B
Retained Earnings	48.63M	107.41M	155.27M	120.31M	72.71M	11.84M	-31.5M	-321.25M
Accumulated OCI	8.33M	14.15M	19.84M	22.34M	22.29M	22.92M	23.24M	20.77M
Treasury Stock	0	0	0	0	0	0	0	-29K
Preferred Stock	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Cash from Operations+	-23.07M	44.92M	98.04M	-88.75M	-2.83M	-56.16M	-25.36M	57.73M
Operating CF Growth %	-	2.95%	1.18%	-1.91%	0.97%	-18.88%	0.55%	3.28%
Net Income	39.64M	63.62M	52.02M	-33.55M	-46.07M	-60.67M	-43.58M	-512.07M
Depreciation & Amortization	1.67M	1.86M	1.74M	9.12M	13.64M	6.43M	4.39M	59.2M
Deferred Taxes	2M	0	1.53M	2.16M	3.03M	5.17M	15.88M	6.54M
Other Non-Cash Items	9.12M	-8.78M	-2.6M	2.5M	298K	14.33M	-1.86M	530.5M
Working Capital Changes	-75.5M	-11.78M	45.35M	-68.97M	26.28M	-21.43M	-208K	-49.77M
Cash from Investing+	21.07M	10.05M	62.54M	-53.08M	47.99M	-10.6M	-4.99M	234.16M
Purchase of Investments	-195.41M	-1.1B	-291K	-40M	0	-5M	0	-1.75B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-
Acquisitions	55.99M	-26.4M	-3.34M	0	4.18M	0	-7.93M	589.16M
Other Investing	-62.54M	36.26M	50.57M	-51.53M	49.59M	-855K	-997K	-692.83M
Cash from Financing+	-26.19M	0	155.26M	0	0	0	0	-86.84M
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	-10.03M
Stock Issued	0	0	163.36M	0	0	0	0	44.97M
Net Stock Activity	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	0	-1000K	0	0	0	0	-1000K
Other Financing	30M	0	-7.05M	0	0	0	0	-55.86M
Net Change in Cash+	-28.19M	54.96M	318.27M	-141.37M	43.89M	-66.33M	-29.79M	205.93M
Exchange Rate Effect	0	0	1000K	456K	-1000K	417K	560K	873K
Cash at Beginning	85.23M	57.04M	112M	430.27M	288.89M	260.59M	194.26M	164.47M
Cash at End	57.04M	112M	430.27M	288.89M	332.78M	194.26M	164.47M	370.4M
Interest Paid	4.86M	0	1.05M	0	0	0	0	960K
Income Taxes Paid	430K	7.53M	12.87M	762K	30K	5K	4K	5.24M
Free Cash Flow+	-23.75M	43.52M	93.2M	-92.37M	-11.87M	-61.75M	-27.24M	53.43M
FCF Growth %	-	2.83%	1.14%	-1.99%	0.87%	-4.2%	0.56%	2.96%

Banking Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	23.85%	36.68%	17.93%	-8.5%	-13.43%	-20.91%	-18.27%	-20.28%
Return on Assets (ROA)	19.73%	30.94%	15.18%	-7.21%	-10.3%	-13.02%	-11.96%	-12.75%
Net Interest Margin	-1.18%	1.61%	1.02%	2.54%	2.33%	1.61%	3.25%	0.39%
Efficiency Ratio	35.36%	44.69%	57.11%	116.81%	115.24%	110.09%	133.66%	78.5%
Equity / Assets	82.72%	85.74%	84.18%	85.62%	68.45%	56.05%	82.04%	61.71%
Book Value / Share	2.83	3.46	7.12	6.14	5.31	4.31	3.6	43.77
NII Growth	-	261.06%	34.84%	124.18%	-0.76%	-31.55%	14.95%	93.45%

Frequently Asked Questions

Growth & Financials

Highest Performances Holdings Inc. American Depository Shares (MAAS) grew revenue by 935.8% over the past year. This is strong growth.

Highest Performances Holdings Inc. American Depository Shares (MAAS) reported a net loss of $289.7M for fiscal year 2024.

Dividend & Returns

Highest Performances Holdings Inc. American Depository Shares (MAAS) has a return on equity (ROE) of -20.3%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Highest Performances Holdings Inc. American Depository Shares (MAAS) has a net interest margin (NIM) of 0.4%. NIM has been under pressure due to interest rate environment.

Highest Performances Holdings Inc. American Depository Shares (MAAS) has an efficiency ratio of 78.5%. This is higher than peers, suggesting room for cost optimization.

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