Another fortune company exploded!
Following the planting system, another well-known financial institution in China has exploded in the past two days.
The protagonist this time is the turn of the Han family's "Haiyin Department".
According to ** report, Shanghai-based Haiyin Wealth Management ***HYWo) (hereinafter referred to as "Hywin Wealth") was exposed to the "deferred payment" of some of its consignment products.
In fact, before this, some investors broke the news that the payment of Haiyin Wealth's products was delayed.
Accompanied by the message of deferred payment,The share price of Hywin Holdings suddenly suffered a cliff-like plunge, falling as low as 51 in the session30%, closing down 4261%, within 3 transactions, the cumulative decline was as high as 588%！
It also drove the affiliated company Rock Shares (600696SH) shares fell one after another, and as of the 18th**, Rock shares closed at 1675 yuan shares, the stock price is about 74% higher than the 21-year high.
Behind this, there is actually a "Haiyin system" - a self-proclaimed "third largest and fastest-growing third-party wealth management service provider in China".
In just a few days, the company has undergone a sea change from peak to trough, and Hywin Wealth has had a hard time lately, but it is its investors who are even more unhappy.
Mr. Han of Hywin Wealth once said that the current assets of Hywin can cover the liabilities, and if it is true, it will undoubtedly give investors a reassurance.
If not, then it's hard.
Do you think the "Haiyin system" will collapse because of this?
Another rich business empire, suddenly collapsed!
In an exclusive interview with Han Hongwei, chairman of Hywin Holdings, he also claimed that Hywin is making efforts to build a new benchmark for the "health management + cultural tourism" base model.
Who would have thought that the world was like a white cloud and a dog, and everything changed in a blink of an eye.
The starting point of the crisis is that Haiyin has a "payment crisis".
According to ** report, recently, complaints about the delay in the redemption of Haiyin Wealth products have frequently appeared on social platforms. Investors and customers are beginning to question the company's financial health and business model.
After this situation arises,The share price of Haiyin Holdings, a Chinese wealth management giant listed on the US stock market, suddenly suffered a cliff-like plunge, falling to an intraday low of 51 on December 1330%。
In the next two trading days, the share price of Hywin Holdings continued55%, in just 3 transactions, the cumulative decline reached 588%。
This is a shocking leak that indicates that investor trust has been damaged. As of December 15, Hywin Holdings' ** was only 2$37, the stock price has risen by 64 in just 6 days4%。
On December 17, Hywin Wealth announced that a special team had been set up to actively coordinate the relevant parties of the project to plan the disposal plan.
In the announcement, Hywin Wealth expressed its gratitude to all investors for their trust and support over the years. Recently, due to the impact of the economic downturn, the project has been delayed, which has caused inconvenience to investors, and we apologize for the inconvenience
At present, according to the latest regulatory policies and industry guidance, Hywin Wealth has taken the initiative to withdraw and sort out the existing business, and the relevant plans will be given to you before the end of the month, hoping that everyone will not believe or spread rumors.
The "active withdrawal and sorting out the existing business" mentioned by Haiyin Wealth, according to the news of China's ** newspaper, refers to the benign withdrawal of non-standard fixed income business, and these non-standardized debt products have been filed on the gold exchange.
According to people familiar with the matter, some of these products are invested in real estate projects, and some are invested in **chain finance.
I believe you can analyze and identify the reasons and information in the announcement!
After the announcement, the crisis of the "Haiyin system" did not end there.
On December 18, Han Hongwei, chairman of Haiyin Holdings, accepted an exclusive interview to respond to the project postponement. He said that a preliminary solution has been formed.
As the only remaining third-party wealth management company in China, Hywin Wealth promises to be "resolutely responsible to the end". But will this commitment restore confidence to investors and customers?It will depend on strength.
According to public information, Haiyin Wealth was founded in 2006 and is one of the largest distributors of real estate wealth management products in China, with partners including Evergrande and Sunac, listed on the NASDAQ in March 2021, and the founder is Han Hongwei.
According to the financial report data, in the 2018-2020 fiscal year, the wealth management income of Hywin Wealth's main business was 108.2 billion yuan, 106.2 billion yuan, 118.3 billion yuan, of which the income from private real estate products accounted for as high as 1000000000 yuan. 8%。
As of the end of June 2023, Hywin Wealth has 185 wealth management centers, 1,749 financial planners and 46,627 active customers in 91 cities across the country.
With the continuous layout, Han Hongwei has successively established Wuniu**, Haiyin Wealth, Yushang Group and Yinling Capital, and the "Haiyin System" controlled by the Han family has taken shape.
According to public information,The actual controllers of the Haiyin system are Han Hongwei and Han Xiao father and son. On the "2023 Hurun Report", the father and son are worth a total of 6 billion yuan and are considered to be the "richest man" in Yongcheng, Henan.
Hywin Holdings' latest fiscal year report shows that as of June 30, 2023, the company's net income during the reporting period was RMB209.2 billion yuan, a year-on-year increase of 771%；Net profit 12 billion yuan, a year-on-year decrease of 4901%。
This is the basic strength of Hywin Wealth!
It is not enough to say that the "Haiyin system" is strong, but for some reason it was relatively low-key before, and the market publicity was not seen much, but the first time I saw the news of this company was a payment crisis.
No wind, no waves!
Not long ago, a chat record showed that the expiration time of Haiyin Wealth's product liquidation has been extended.
At that time, the staff of Hywin Wealth explained that due to banking reasons and the company's December is the peak interest payment period for fixed income products, the time for product liquidation and arrival has been extended.
On December 14, the day after the share price of Hywin Wealth, Hywin Holdings, the listed entity of Hywin Wealth, issued an announcement on the redemption of recent products.
Hywin Holdings announced that there were redemption problems with some of the asset-backed products previously distributed by the company.
The asset managers of these products are unable to enter into deferred payment agreements with the relevant clients. Although the company is only a distributor, the customer demanded that Hywin Holdings be responsible for repaying the relevant amounts.
According to Hywin Holdings, it is only helping to distribute, and the product cannot be redeemed when it expires, which in principle has nothing to do with itself, and is a problem between investors and actual asset managers.
At present, it is still unclear whether Haiyin Fortune is thundering. The information spread on the Internet and Haiyin Holdings have their own opinions, but judging from the performance of the secondary market, investors have voted with their feet.
Dad's company for two days**5176%, and my son's company also collapsed!
In the past two days, the share price of the listed liquor company Rock Co., Ltd. (company name "Shanghai Guijiu Co., Ltd.") has fallen sharply for two consecutive days, and various rumors have been rampant, causing extreme anxiety among investors.
It is worth mentioning that Han Hongwei, chairman of Haiyin Holdings, and Han Xiao, the actual controller of Rock Shares, have a father-son relationship.
On December 14, rock shares fell to the limit, and on December 15, ***486%, which fell again on December 18, and currently has a total market capitalization of about 584.3 billion yuan.
However, on December 15, Rock Co., Ltd. said on the interactive platform that the company and Haiyin Holdings and its subsidiaries only have alcohol sales business, and the transaction amount is 4880,000 yuan. In addition to the above business, the company has no other business dealings with Hywin Holdings.
According to the financial report, in 2021, the "alcohol income" of rock shares will reach 58.4 billion yuan, accounting for 97 percent of the main business income09%；In 2022, the company's "alcohol sales" revenue will reach 108.7 billion yuan, accounting for 99 percent of the main business income73%。
Analysts pointed out that the cashing crisis encountered by Haiyin Wealth may affect the control of Shiyan shares, which in turn caused market concerns and continued to sell Shiyan shares.
A glimpse of the whole leopard, the "Haiyin system" built by Yushang Han Hongwei and his son has long been no longer the scenery of previous years!
Haiyin "is now exhausted, and the cashing crisis will inevitably cause panic among investors, hoping that it will not collapse, otherwise the result is unimaginable!."
Many high-net-worth clients have invested millions or more of their money in Hywin Wealth, expecting to receive great returns. However, they are now facing the dilemma of deferred payment of their investments.
The planting system has been thunderstormed, and it is normal for the "Haiyin system" to have a crisis, and I am afraid that many informal small wealth management companies have already disappeared.
Not long ago, the "Guangzhou Fangcun Financial Tea Crash" swiped the Internet, and a tea hype drama came to an end.
The Fangcun Financial Tea Incident in Guangzhou is very reminiscent of the Dutch tulip bubble hundreds of years ago. Whether it is tea or tulips, they are very common crops and plants. They have been multiplied countless times by the hype, which is obviously extremely outrageous, and the final receiver is pitiful, but if you are not greedy, you will not be pitted.
Blood lessons again and again are warning us: don't get carried away for petty profits, what you fancy is the high interest rate given by others, but what people want is your principal!
Reference: Hywin Wealth Burst!China** Daily.
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