Highest Performances Holdings Inc. (HPH) Stock Analysis
DELISTED 2025
What happened to Highest Performances Holdings Inc. (HPH) stock?
Highest Performances Holdings Inc. (HPH) no longer trades on public markets. It was delisted in May 2025. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Highest Performances Holdings Inc. (HPH) trades at $6.65. Highest Performances Holdings Inc. is a financial technology services provider in China, distributing fund products and offering wealth management services. Market cap: $41.3M, Sector: Financial services.
Last analyzed: Mar 17, 2026Analyst Coverage for HPH: HPH does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates HPH against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Highest Performances Holdings Inc. (HPH) Financial Services Profile
Highest Performances Holdings Inc. provides financial technology services in China, distributing publicly and privately raised funds and offering wealth management solutions. Operating both online and offline, the company focuses on insurance, trust, and asset management, positioning itself in China's evolving fintech landscape amidst competition from ACBA and EVOJ.
What Is the Investment Thesis for HPH?
Highest Performances Holdings Inc. presents a complex investment case. The company operates in the growing Chinese fintech market, providing access to investment funds and wealth management services. However, the negative P/E ratio of -7.87 and a negative profit margin of -24.4% raise concerns about profitability. The company's gross margin of 39.6% indicates potential for improvement with better cost management. Growth catalysts include expanding online distribution channels and increasing demand for wealth management services in China. Key risks include regulatory changes and competition from established financial institutions. Investors should closely monitor the company's ability to improve profitability and navigate the regulatory landscape.
Based on FMP financials and quantitative analysis
HPH Key Highlights
Market capitalization of $41.3M indicates a small-cap company with potential for growth but also higher volatility.
- Negative P/E ratio of -7.87 reflects current unprofitability, requiring investors to focus on future earnings potential.
- Gross margin of 39.6% suggests a reasonable ability to generate profit from revenue, but needs to translate into net profit.
- Beta of -0.11 indicates low correlation with the overall market, potentially offering some downside protection during market downturns.
- No dividend yield reflects a focus on reinvesting earnings for growth rather than returning capital to shareholders.
Who Are HPH's Competitors?
HPH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ACBA Ace Global Business Acquisition Limited | $12.03 | -0.58% | $41.3M | 44 |
| LRFC Logan Ridge Finance Corporation | $19.08 | +0.42% | $50.7M | 55 |
| MSSA Metal Sky Star Acquisition Corporation | $11.50 | +0.00% | $43.2M | 44 |
| SDIG Stronghold Digital Mining, Inc. | $2.81 | +3.31% | $42.0M | 45 |
| BCG Binah Capital Group, Inc. | $1.40 | +0.72% | $23.5M | 78 |
| EEA The European Equity Fund, Inc. | $11.15 | -0.59% | $74.7M | 67 |
| HNNA Hennessy Advisors, Inc. | $9.89 | -1.30% | $78.2M | 81 |
| ETHT ProShares - Ultra Ether ETF | $12.57 | +19.94% | $92.2M | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are HPH's Key Strengths?
Established presence in the Chinese financial market.
- Diverse range of financial services.
- Online and offline distribution channels.
- Experienced management team.
What Are HPH's Weaknesses?
Negative profitability.
- Small market capitalization.
- Limited geographic reach.
- Reliance on the Chinese market.
What Could Drive HPH Stock Higher?
Potential regulatory changes in China could impact the fintech industry and HPH's operations.
- Expansion of online distribution channels to reach a wider customer base.
- Increasing demand for wealth management services in China.
- Development and launch of new financial products to diversify revenue streams.
What Are the Key Risks for HPH?
Financial-distress signal — its Altman Z-Score of 0.19 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-38.6%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Regulatory risks in the Chinese financial market.
- Competition from established financial institutions.
- Economic slowdown in China could impact demand for financial services.
- Currency fluctuations affecting the value of the ADR.
- Negative P/E ratio and profit margin indicating financial instability.
What Are the Growth Opportunities for HPH?
- Expanding Online Distribution Channels: Highest Performances Holdings Inc. can capitalize on the increasing adoption of online financial services in China by expanding its online distribution channels. This includes investing in its online platform, mobile app, and digital marketing efforts. The online wealth management market in China is projected to reach $1.5 trillion by 2028, presenting a significant growth opportunity. Timeline: Ongoing.
- Increasing Demand for Wealth Management Services: As the Chinese economy continues to grow, there is an increasing demand for wealth management services from affluent individuals and families. Highest Performances Holdings Inc. can target this segment by offering personalized wealth management solutions and expanding its network of financial advisors. The wealth management market in China is expected to grow at a CAGR of 12% over the next five years. Timeline: Ongoing.
- Developing New Financial Products: Highest Performances Holdings Inc. can develop new financial products to meet the evolving needs of its clients. This includes offering innovative investment funds, insurance products, and wealth management solutions. By diversifying its product offerings, the company can attract new clients and increase its revenue per client. Timeline: 1-2 years.
- Strategic Partnerships: Forming strategic partnerships with other financial institutions and technology companies can help Highest Performances Holdings Inc. expand its reach and enhance its service offerings. This includes partnering with banks, insurance companies, and fintech companies to offer integrated financial solutions. Timeline: Ongoing.
- Geographic Expansion: While currently focused in Guangzhou, Highest Performances Holdings Inc. can expand its operations to other major cities in China. This would allow the company to tap into new markets and increase its customer base. The company should prioritize cities with high concentrations of affluent individuals and strong demand for financial services. Timeline: 2-3 years.
What Are HPH's Competitive Advantages?
- Established online and offline distribution network in China.
- Expertise in fund distribution and wealth management.
- Strong relationships with fund managers and financial institutions.
- Brand recognition in the Chinese financial market.
What Does HPH Do?
Highest Performances Holdings Inc., formerly known as Puyi Inc., was established in 2010 and rebranded in March 2024. Headquartered in Guangzhou, China, the company operates within the financial technology sector, providing a range of services including the distribution of publicly and privately raised investment funds. These funds are made available to clients through both online and offline channels, catering to a diverse investor base. In addition to fund distribution, Highest Performances Holdings Inc. offers insurance consulting, trust consulting, asset management, and wealth management services. These ancillary services aim to provide comprehensive financial solutions to its clientele. The company's evolution reflects a strategic shift towards leveraging technology to enhance its service offerings and expand its market reach within China's dynamic financial landscape. With 230 employees, Highest Performances Holdings Inc. navigates the competitive landscape by focusing on integrated financial solutions and adapting to regulatory changes within the Chinese market.
What Products and Services Does HPH Offer?
- Distributes publicly raised fund products through online and offline channels.
- Distributes privately raised securities investment fund products.
- Offers insurance consulting services.
- Provides trust consulting services.
- Delivers asset management services.
- Offers wealth management services.
- Provides other ancillary financial services.
How Does HPH Make Money?
- Generates revenue through distribution fees from fund products.
- Earns consulting fees from insurance and trust services.
- Manages assets and charges management fees.
- Provides wealth management services for a fee.
What Industry Does HPH Operate In?
Highest Performances Holdings Inc. operates in the competitive Chinese asset management industry, which is experiencing rapid growth driven by increasing wealth and demand for investment products. The industry is also undergoing significant digital transformation, with fintech companies playing a key role in distributing financial products and providing wealth management services. Competitors include companies like ACBA, EVOJ, LRFC, MSSA, and SDIG, which offer similar services. The regulatory environment in China is evolving, with increasing scrutiny on fintech companies and their business practices. Highest Performances Holdings Inc. must navigate these challenges to maintain its market position and achieve sustainable growth.
Who Are HPH's Key Customers?
- Individual investors seeking fund products.
- High-net-worth individuals seeking wealth management services.
- Institutional investors.
- Corporations seeking asset management solutions.
Company Profile
Highest Performances Holdings Inc. operates in the Asset Management industry within the Financial Services sector. It is headquartered in Guangzhou, CN. The company is led by CEO Min Zhou. HPH has traded publicly since 2019.
Financial Health
Highest Performances Holdings Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 0.19 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for Highest Performances Holdings Inc. stands at -38.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -6.8%, showing how much profit it generates from its asset base. Its free cash flow yield is 0.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.80 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -5.4%, the inverse of the P/E and a quick read on earnings relative to price.
HPH Valuation & Market Position
With a $41.3M market cap, Highest Performances Holdings Inc. sits in the micro-cap segment of the market.
HPH Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Recent insider buying has signaled confidence in the company's future, which often precedes positive market movements.
- Community sentiment has shifted positively, with discussions highlighting the company's innovative strategies and growth potential.
- Analysts have noted an increase in brand recognition, suggesting that consumer interest is on the rise, which can drive sales.
- Recent partnerships have expanded the company's market reach, positioning it well for upcoming growth opportunities.
Bear Case
- There are concerns regarding supply chain disruptions that could impact production timelines and ultimately revenue.
- Negative sentiment has emerged due to recent earnings reports that missed analyst expectations, raising questions about management effectiveness.
- Some community members are expressing skepticism about the sustainability of growth amid increasing competition in the sector.
- Market perception remains cautious as macroeconomic factors are creating uncertainty, leading to a more bearish outlook from some investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
HPH Latest News
No recent news available for HPH.
Leadership: Min Zhou
CEO
Min Zhou is the CEO of Highest Performances Holdings Inc., leading a team of 230 employees. Details regarding Min Zhou's prior experience and educational background are not available in the provided data. However, as CEO, Min Zhou is responsible for the overall strategic direction and operational management of the company, guiding its financial technology services and distribution of investment fund products in the Chinese market.
Track Record: Information on Min Zhou's specific achievements and strategic decisions as CEO of Highest Performances Holdings Inc. is not available in the provided data. However, the rebranding of Puyi Inc. to Highest Performances Holdings Inc. in March 2024 represents a significant milestone under their leadership, signaling a strategic shift and renewed focus for the company.
Highest Performances Holdings Inc. ADR Information Sponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. For Highest Performances Holdings Inc. (HPH), as an ADR, it allows U.S. investors to invest in the Chinese company's stock without the complexities of cross-border transactions. The ADR is denominated in U.S. dollars and trades during U.S. market hours.
- Home Market Ticker: Primary stock exchange: Unknown. Country: Guangzhou, China
- ADR Level: 2
- ADR Ratio: 1:1
Common Questions About HPH (Financial Services)
What happened to Highest Performances Holdings Inc. (HPH) stock?
Highest Performances Holdings Inc. (HPH) no longer trades on public markets. It was delisted in May 2025. The figures below are historical and are not a current quote.
Can I still buy HPH shares?
No. HPH stopped trading on public markets in May 2025, so the shares are not available through a broker. Anything you see quoted for HPH elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before HPH stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Highest Performances Holdings Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Highest Performances Holdings Inc. do?
Highest Performances Holdings Inc. operates as a financial technology service provider in China, focusing on the distribution of publicly and privately raised investment funds. The company utilizes both online and offline channels to reach its customer base. In addition to fund distribution, Highest Performances Holdings Inc.
What do analysts say about HPH stock?
Analyst coverage of Highest Performances Holdings Inc. is currently limited. Key valuation metrics to consider include the company's market capitalization of $41.3M, negative P/E ratio of -7.87, and gross margin of 39.6%. Growth considerations center on the company's ability to expand its online presence, develop new financial products, and navigate the evolving regulatory landscape in China.
What are the main risks for HPH?
Highest Performances Holdings Inc. faces several key risks, including regulatory uncertainty in the Chinese financial market, intense competition from established financial institutions, and the potential for an economic slowdown in China. The company's negative profitability and small market capitalization also pose risks to investors. Additionally, as an ADR, HPH is subject to currency fluctuations between the U.S.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited analyst coverage and financial data available.
- Company operates in a highly regulated and competitive market.
- Currency risk associated with ADR structure.