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Organization | 12 Months Ended
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Jun. 30, 2022
Organization |
Organization |
1. | Organization
Hywin Holdings Ltd. (the “Company”), was incorporated in the Cayman Islands on July 19, 2019. The Company, through its subsidiaries, consolidated variable interest entities (the “VIEs”) and the VIEs’ subsidiaries (collectively, the “Group”), is primarily engaged in providing wealth management service, insurance brokerage service and asset management service in the People’s Republic of China (the “PRC” or “China”). Due to that foreign ownership of certain parts of the Group’s businesses is subject to restrictions under current PRC laws and regulations, the Company conducts its primary business operations through its VIEs and subsidiaries of the VIEs. The Company is ultimately controlled by Mr. HAN Hongwei (the “Founder”) since its establishment. On March 26, 2021, the Company completed its initial public offering (“IPO”) of 3,000,000 ADSs at US$10.00 per ADS on NASDAQ. Each ADS represents two ordinary shares of the Company. As of June 30, 2022, the detailed information of the Group’s consolidated subsidiaries, VIEs and significant VIEs’ subsidiaries are summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Date of | ​ | Percentage of | ​ | Place of | ​ | ​
Name of the entity |  | incorporation |  | ownership |  | incorporation |  | Principle business activities
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Subsidiaries | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hywin Wealth Global Limited | ​ | July 26, 2019 |  | 100 | % | BVI |  | Investment holding
Hywin Wealth International Limited | ​ | August 20, 2019 |  | 100 | % | Hong Kong |  | Investment holding
Hywin Enterprise Management Consulting (Shanghai) Co., Ltd. | ​ | September 26, 2019 |  | 100 | % | PRC |  | Investment holding
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Variable Interest Entities (“VIEs”) | ​ |  |  |  |  |  |  |
Hywin Wealth Management Co., Ltd. | ​ | November 2, 2006 |  | 100 | % | PRC |  | Investment holding and provision of wealth management service
Shanghai Hywin Network Technology Co., Ltd. | ​ | March 31, 2017 |  | 100 | % | PRC |  | Investment holding
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shenzhen Panying Asset Management Co., Ltd. | ​ | May 23, 2014 |  | 100 | % | PRC |  | Provision of asset management service
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
VIEs’ significant subsidiaries | ​ |  |  |  |  |  |  |
Hywin Fund Distribution Co., Ltd. | ​ | April 17, 2013 |  | 100 | % | PRC |  | Provision of wealth management service
Shanghai Ziji Information Technology Co., Ltd. | ​ | November 24, 2017 |  | 100 | % | PRC |  | Provision of information technology support
Haiyin Wealth Management (Hong Kong) Limited | ​ | May 3, 2016 |  | 100 | % | Hong Kong |  | Investment holding and provision of insurance brokerage service
Haiyin Insurance (Hong Kong) Co., Limited | ​ | August 24, 2016 |  | 100 | % | Hong Kong |  | Investment holding
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hywin International Insurance Broker Limited | ​ | March 23, 2006 |  | 100 | % | Hong Kong |  | Provision of insurance brokerage service
Haiyin International Asset Management Limited | ​ | September 15, 2016 |  | 100 | % | Hong Kong |  | Investment holding
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hywin Asset Management (Hong Kong) Limited | ​ | January 9, 2013 |  | 100 | % | Hong Kong |  | Provision of wealth management and asset management services
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shanghai Yulan Real Estate Co., Ltd. | ​ | December 9,2021 | ​ | 100% | ​ | PRC | ​ | Housing lease operation, and property management services
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shanghai Suxiao Real Property Co., Ltd. | ​ | December 9,2021 | ​ | 100% | ​ | PRC | ​ | Housing lease operation, and property management services
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shanghai Danxiao Real Property Co. Ltd. | ​ | December 9,2021 | ​ | 100% | ​ | PRC | ​ | Housing lease operation, and property management services
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Shanghai Biyu Real Property Co., Ltd. | ​ | December 9,2021 | ​ | 100% | ​ | PRC | ​ | Housing lease operation, and property management services
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hywin Health Management (Shanghai) Co., Ltd | ​ | September 15,2021 | ​ | 100% | ​ | PRC | ​ | Investment holding and provision of health management service
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Grand Doctor Medical Co., Ltd. | ​ | January 27, 2022 | ​ | 65.3% | ​ | PRC | ​ | Investment holding and provision of health management service
​ The Group primarily conducts its operations in the PRC. In January 2020, an outbreak of a novel coronavirus (COVID-19) surfaced in Wuhan City, Hubei province of the PRC, and spread all over the country during the first fiscal quarter of 2020. The outbreak caused the Chinese government to require businesses to close, people to quarantine, and also to restrict certain travel within the country until April 2020. The spread of COVID-19 has resulted in the World Health Organization declaring the outbreak of COVID-19 as a global pandemic. As of the date hereof, the outbreak of COVID-19 in China during the year ended June 30, 2022 has not caused a material negative impact on the Group’s overall business operations, financial condition, liquidity, results of operations and prospects. The extent to which COVID-19 impacts the business and financial results of the Group depends on future developments, which are uncertain and cannot be predicted, including new information which may emerge concerning the severity of COVID-19 and actions to contain COVID-19 or mitigate its impact, among others. Although the Chinese government have declared the COVID-19 outbreak largely under control within its border, the Group will continue to assess its financial impacts for the remainder of the fiscal year. There can be no assurance that this assessment will enable the Group to avoid part or all of any adverse impact from the spread of COVID-19 or its consequences, including downturns in business sentiment generally or in the Group’s sector in particular.

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