Jupai Holdings Limited reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 32.33 million compared to CNY 83.5 million a year ago. Revenue was CNY 32.56 million compared to CNY 83.68 million a year ago.

Net loss was CNY 14.08 million compared to net income of CNY 3.91 million a year ago. Basic loss per share per ADS was CNY 0.44 compared to basic earnings per share per ADS of CNY 0.12 a year ago. Diluted loss per share per ADS was CNY 0.44 compared to diluted earnings per share per ADS of CNY 0.12 a year ago.