Noah to Report Fourth Quarter and Full Year 2024 Unaudited Financial Results on March 25, 2025

Rhea-AI Summary

Noah Holdings (NYSE: NOAH), a leading wealth management service provider for Mandarin-speaking high-net-worth investors, has scheduled to release its Q4 and full-year 2024 unaudited financial results on March 25, 2025, after U.S. markets close.

The company reported distributing RMB47.6 billion (US$6.8 billion) of investment products in the first nine months of 2024. Through Gopher Asset Management and Olive Asset Management, Noah's assets under management reached RMB150.1 billion (US$21.4 billion) as of September 30, 2024. The company's wealth management business had 460,380 registered clients as of September 30, 2024.

Noah's services include distribution of private equity, public securities, and insurance products across major cities in mainland China, Hong Kong, New York, Silicon Valley, Singapore, and Los Angeles.

Positive

• Assets under management reached RMB150.1 billion (US$21.4 billion)
• Distributed RMB47.6 billion (US$6.8 billion) in investment products in first 9 months
• Large client base of 460,380 registered clients
• Strong international presence across major financial hubs

Negative

• None.

SHANGHAI, March 13, 2025 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024, after U.S. markets close on March 25, 2025.

Noah's management team will hold an earnings conference call at 8:00 p.m. U.S. Eastern Time on Tuesday, March 25, 2025 (8:00 a.m. Beijing/Hong Kong Time on Wednesday, March 26, 2025). 

The conference call may be accessed with the following details:

Dial-in details:

Conference title:	Noah Fourth Quarter and Full Year 2024 Earnings Conference Call
Date/Time:	Tuesday, March 25, 2025, at 8:00 p.m., U.S. Eastern Time Wednesday, March 26, 2025, at 8:00 a.m., Hong Kong Time
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:	3516952

A telephone replay will be available starting approximately one hour after the end of the conference until April 1, 2025 at 1-877-344-7529 (US Toll Free) and 1-412-317-0088 (International Toll) with the access code 2095416.

A live and archived webcast of the conference call will be available on the Company's investor relations website under the "News & Events" 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 the first nine months of 2024, Noah distributed RMB47.6 billion (US$6.8 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB150.1 billion (US$21.4 billion) as of September 30, 2024.

Noah's wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah's network covers major cities in mainland China, as well as Hong Kong (China), New York, Silicon Valley, Singapore, and Los Angeles. The Company's wealth management business had 460,380 registered clients as of September 30, 2024. Through Gopher Asset Management and Olive Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in RMB and other currencies. Noah also operates other services.

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

FAQ

What are Noah Holdings (NOAH) key financial metrics for the first 9 months of 2024?

Noah distributed RMB47.6 billion (US$6.8 billion) in investment products and managed RMB150.1 billion (US$21.4 billion) in assets through Gopher and Olive Asset Management as of September 30, 2024.

When will Noah Holdings (NOAH) release its Q4 and full-year 2024 earnings?

Noah will release its Q4 and full-year 2024 unaudited financial results on March 25, 2025, after U.S. markets close.

How many registered clients does Noah Holdings (NOAH) have?

Noah's wealth management business had 460,380 registered clients as of September 30, 2024.

What is Noah Holdings' (NOAH) geographical presence?

Noah operates in major cities across mainland China, Hong Kong, New York, Silicon Valley, Singapore, and Los Angeles.