Jupai Holdings (JP) Reports Q1 EPS of $0.44, Revs Rise 65%

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Jupai Reports First Quarter 2017 Results

May 8, 2017 6:20 AM EDT

SHANGHAI, May 8, 2017 /PRNewswire/ -- Jupai Holdings Limited ("Jupai" or the "Company") (NYSE: JP), a leading third-party wealth management service provider, focusing on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China, today announced its unaudited financial results for the first quarter ended March 31, 2017.

Effective July 1, 2016, Jupai changed its reporting currency from the U.S. dollars to Renminbi. The aligning of the reporting currency with the underlying operations better reflects the Company's results of operations for each period, and reduces the impact that... More