Noah to Report First Quarter 2024 Unaudited Financial Results on May 29, 2024
Noah Holdings (NYSE: NOAH, HKEX: 6686), a leading wealth management provider, will announce its unaudited Q1 2024 financial results on May 29, 2024, after U.S. markets close. An earnings call will follow at 8:00 p.m. U.S. Eastern Time, accessible via dial-in and webcast. The company, serving high-net-worth Mandarin-speaking investors, distributed RMB74.1 billion (US$10.4 billion) in 2023 and managed RMB154.6 billion (US$21.8 billion) in assets through Gopher Asset Management. Noah's extensive network includes 1,252 relationship managers across 44 cities, providing tailored financial solutions to 455,827 registered clients.
- Noah to announce Q1 2024 financial results, showing transparency.
- Earnings call scheduled for May 29, ensuring investor engagement.
- Distributed RMB74.1 billion (US$10.4 billion) of investment products in 2023.
- Managed RMB154.6 billion (US$21.8 billion) assets through Gopher Asset Management.
- Extensive network with 1,252 relationship managers across 44 cities.
- Served 455,827 registered clients as of December 31, 2023.
- Results for Q1 2024 are unaudited, possibly raising accuracy concerns.
- No specific financial performance metrics provided for Q1 2024, leaving uncertainty.
Noah's management team will hold an earnings conference call at 8:00 p.m.
The conference call may be accessed with the following details:
Dial-in details:
Conference title: | Noah First Quarter 2024 Earnings Conference Call | ||
Date/Time: | Wednesday, May 29, 2024, at 8:00 p.m., | ||
Dial in: | |||
– Hong Kong Toll Free: | 800-963976 | ||
– United States Toll Free: | 1-888-317-6003 | ||
– Mainland China Toll Free: | 4001-206115 | ||
– International Toll: | 1-412-317-6061 | ||
Participant Password: | 4318231 | ||
A telephone replay will be available starting approximately one hour after the end of the conference until June 5, 2024 at 1-877-344-7529 (US Toll Free) and 1-412-317-0088 (International Toll) with the access code 9541104.
A live and archived webcast of the conference call will be available at the Company's investor relations website under the "Financial Reports" section at http://ir.noahgroup.com.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors. In 2023, Noah distributed
Noah's wealth management business primarily distributes private equity, private secondary, mutual funds, and other products denominated in RMB and other currencies. Noah's network covers major cities in mainland
For more information, please visit Noah at ir.noahgroup.com.
SAFE HARBOR STATEMENT
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah's cash and cash equivalents and liquidity risk. A number of factors could cause Noah's actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah's investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions globally and in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah's filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law.
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SOURCE Noah Holdings Limited
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