BEIJING, Aug. 4, 2023
/PRNewswire/ -- Ms. Vivien Wang, Director and Chief Financial
Officer (CFO) of iHuman Inc. (NYSE: IH) ("iHuman" or the
"Company"), a leading provider of tech-powered, intellectual
development products in China, was
recognized as "CFO of the Year 2022-2023" in the 2022-2023
Financial Performance Awards (the "Awards") presented by North
American Business. This prestigious honor is a clear indication of
how the capital markets recognize and value the exceptional
leadership capabilities of iHuman's management team.
Ms. Wang was recognized alongside other executives from
respected companies including Zach
Kirkhorn, CFO of Tesla; Brian
Newman, CFO of UPS; and Nick
Wang, CFO of Chindata Group.
North American Business is a leading source of business and
corporate news offering comprehensive information on industry
trends, market updates, and insights across a broad spectrum of
industries in North America and
worldwide. The Awards is a well-regarded annual global event that
honors companies and trailblazing executives who have significantly
enhanced their business performance, achieved excellence, and
successfully undergone substantial business recovery. Nominees
include public and private companies, CEOs, CFOs, and other
executives who made exceptional contributions to their
organizations. Each nominee undergoes a rigorous assessment by a
jury of institutional investors, professional managers, private
equity partners, CEOs, CFOs, advisors, certified public
accountants, auditors, HR leaders, industry veterans, and North
American Business researchers. Nominees are assessed on four key
criteria: performance, leadership, innovation, and professionalism.
The Awards not only acknowledge exceptional business executives for
their outstanding contributions to the communities they serve but
also foster knowledge-sharing and support professional development
to cultivate a more dynamic and flourishing business ecosystem. The
Award's seeks to create a brighter future for all by highlighting
the shared qualities of exceptional leaders. By showcasing these
role models, it aims to inspire others to follow in their
footsteps.
This award is a well-deserved honor for Ms. Wang, who has
championed a number of core principles throughout her tenure as CFO
of iHuman, including developing a well-crafted financial strategy
to support the Company's overall strategic direction, diligently
implementing executive decisions, and leading by example with
courage, attentiveness, and adaptability. In her executive
capacity, Ms. Wang is responsible for critical functions ranging
from finance, investment, capital market operations, investor and
public relations to internal control, compliance, and risk
management. The award serves as a testament to her profound
professional expertise and exceptional leadership in managing
talent and teams within the Company. Drawing from her extensive
industry experience, Ms. Wang has demonstrated adeptness in
navigating diverse roles, resulting in a significant positive
impact on the Company. Her accomplishments across all four award
criteria have been noteworthy and contribute to her remarkable
success.
Performance: iHuman achieved a remarkable financial
turnaround in 2022, recording four consecutive quarters of
profitability, delivering annual profit for the first time since
its IPO in 2020, and posting an all-time high in quarterly revenue
and average total monthly active
users during the fourth quarter. Ms. Wang played an
indispensable role in driving this remarkable performance by
helping craft the Company's overall strategy, implementing prudent
financial measures and executing strategic initiatives.
Leadership: Ms. Wang's leadership during the highly
challenging IPO process in 2020 was nothing short of extraordinary.
Over a mere five-month span, she successfully achieved what many
thought was impossible in the capital markets during that time.
Following the IPO, based on her keen awareness of evolving market
dynamics, Ms. Wang initiated iHuman's strategic shift in its
business model. She introduced the management principles of
conducting trials at low costs and making nimble progress in small
increments, enabling the Company to flexibly and efficiently
optimize resources while continuing to explore new growth
opportunities. Under Ms. Wang's leadership, the finance team
closely aligned with business units and provided robust financial
models to support the ongoing optimization from a more
business-oriented perspective. This effectively facilitated
critical executive decision-making when facing strategic
opportunities. As a result, iHuman not only achieved a remarkable
financial turnaround in 2022, but also drove revenue and other key
business metrics to new heights. Additionally, Ms. Wang played a
pivotal role in expanding iHuman into multiple new
businesses through strategic investments, partnerships, and
business development initiatives. Beyond her financial expertise,
Ms. Wang demonstrated exceptional leadership by actively
contributing to the Company's high-level product development
efforts – an unconventional role for a CFO. Engaging in weekly
business meetings and key project discussions, she drove
innovations that were later incorporated into products and offered
valuable insights and recommendations for project development. In
terms of high-level strategic decision-making, Ms. Wang's industry
perspective and strategic guidance have been instrumental in
shaping the Company's direction and product pipeline
development.
Innovation: Under Ms. Wang's leadership, innovation has
emerged as a core value within the finance department. To better
support decision-making and streamline business operations, she
spearheaded a refined approach to financial management, empowering
the finance team to take a more active role. Embracing a digital
transformation vision, Ms. Wang led the team to integrate
informatization, automation and intelligent processes into the
Company's financial and operational data. High-quality operational
data and financial simulation play a pivotal role in
decision-making, providing valuable guidance for the Company's
overall strategic direction. By closely monitoring projects in
real-time and identifying critical factors within the business, the
team has developed models that improve optimization and facilitate
well-informed decision-making for each project and strategic
initiative. Furthermore, Ms. Wang has led the team in harnessing
the transformative power of cutting-edge big data and AI
technologies to develop robust systems for algorithmic risk control
and investment and financing assessment. These initiatives have
fostered deeper integration between finance and business, driving
the Company's digital transformation. The improvements in
timeliness and visibility of data have empowered iHuman to make
quick and effective strategic decisions in a dynamic capital
markets landscape, leading to enhanced growth and value creation
opportunities.
Professionalism: With extensive industry experience
spanning more than 20 years in investment, finance, and capital
markets, Ms. Wang brings valuable insights with her role. Her keen
attention to economic developments and industry trends positions
her as a key contributor to the Company's macro strategy, ensuring
that no valuable growth opportunities are overlooked. Meanwhile,
Ms. Wang's background as an auditor has instilled in her meticulous
attention to detail and a strong command of financial figures. This
proficiency enables her to identify risks effectively, establish
robust compliance mechanisms, and continuously enhance the
Company's operational and management efficiency while prudently
managing policy and industry risks. During the early stages of her
career, she gained valuable experience while working with renowned
global companies such as PricewaterhouseCoopers and Autodesk Inc.
Ms. Wang's time working and studying in the U.S. further enriched
her knowledge and skills, providing her a broader perspective on
global business, strategic vision, and professional management—all
of which are crucial assets for a rapidly growing company like
iHuman. Ms. Wang leverages her unique perspective to serve as the
Company's public face across many roles including investor and
public relations. Through skilled and effective communication with
capital markets, she has significantly strengthened iHuman's equity
brand.
Throughout the years, Ms. Wang has earned widespread recognition
and numerous prestigious awards for her remarkable achievements and
outstanding contributions to the industry. These awards include Top
Board Secretary, Outstanding Board Secretary for Capital
Operations, Best Board Secretary, Excellent Board Secretary,
Industry Influencer and Best Young Role Model from respected
organizations and influential media outlets such as New Fortune,
Securities Times, Shanghai Securities News, Sina Finance and the
China Finance Summit. Her significant impact on mutual funds and
other institutional investors in China was honored with New Fortune's
Institutional Choice Award, an esteemed accolade given to only ten
board secretaries among thousands from companies listed on the
Shanghai and Shenzhen stock exchanges. In 2022, due to her
outstanding performance in corporate financial management and
capital operations, Ms. Wang received two more high-profile
awards—Female CFO of the Year and Outstanding IPO Case of the
Year—each of which was only awarded to five individuals among the
top 100 CFOs of U.S.- and Hong
Kong-listed companies, granted by the highly regarded
financial magazine, Barron's China. Ms. Wang was more recently featured as
one of the top nine "Mulan" female entrepreneurs in a special
"Mulan in the Business World" issue of China Entrepreneur magazine,
a renowned publication under China Economic Daily. Additionally,
she was presented with the 2023 Digital Transformation Leadership
Award at the 12th China Finance Summit.
About iHuman Inc.
iHuman Inc. is a leading provider of tech-powered, intellectual
development products in China that
is committed to making the child-upbringing experience easier for
parents and transforming cognitive development into a fun journey
for children. Benefiting from a deep legacy that combines over two
decades of experience in the parenthood industry, superior original
content, advanced high-tech innovation DNA and research &
development capabilities with cutting-edge technologies, iHuman
empowers parents with tools to make the child-upbringing experience
more efficient. iHuman's unique, fun and interactive product
offerings stimulate children's natural curiosity and exploration.
The Company's comprehensive suite of innovative and high-quality
products include self-directed apps, interactive content and smart
devices that cover a broad variety of areas to develop children's
abilities in speaking, critical thinking, independent reading and
creativity, and foster their natural interest in traditional
Chinese culture. Leveraging advanced technological capabilities,
including 3D engines, AI/AR functionality, and big data analysis on
children's behavior & psychology, iHuman believes it will
continue to provide superior experience that is efficient and
relieving for parents, and effective and fun for children, in
China and all over the world,
through its integrated suite of tech-powered, intellectual
development products.
For more information about iHuman,
please visit https://ir.ihuman.com/.
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SOURCE iHuman Inc.
