Noah Holdings Limited American Depositary Shares (each representing five (5) Ordinary shares) - NOAH STOCK NEWS

Welcome to our dedicated page for Noah Holdings American Depositary Shares (each representing five (5) Ordinary shares) news (Ticker: NOAH), a resource for investors and traders seeking the latest updates and insights on Noah Holdings American Depositary Shares (each representing five (5) Ordinary shares) stock.

Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading wealth management service provider based in China. Established in 2003, Noah Holdings offers comprehensive global investment and asset allocation advisory services primarily for high-net-worth individuals. The company focuses on three primary business segments: wealth management, asset management, and other comprehensive financial services.

Through its wealth management business, Noah distributes private equity, private secondary, mutual fund, and other financial products denominated in various currencies. The company serves a diverse clientele through its well-established network of relationship managers spread across major Chinese cities and international offices in Hong Kong, Taiwan, New York, Silicon Valley, and Singapore. As of March 31, 2024, Noah had 457,705 registered clients and managed assets totaling RMB153.3 billion (US$21.2 billion).

Noah's asset management operations are conducted through Gopher Asset Management Co., Ltd., a prominent multi-asset manager in China. Gopher develops and manages a wide array of assets, including private equity, real estate, public securities, and multi-strategy investments, catering to the global investment needs of its clients.

The company has demonstrated consistent growth and resilience despite challenging market conditions. In the first quarter of 2024, Noah distributed RMB18.9 billion (US$2.6 billion) of investment products. Although net revenues for Q1 2024 decreased by 19.2% year-over-year, the company strategically accelerated its overseas expansion to meet the growing demand for global asset allocation. This effort resulted in a 22.4% year-over-year increase in net revenues from its overseas business, excluding performance-based income.

Noah is committed to maintaining strong corporate governance, evidenced by the recent separation of its CEO and Chairperson roles to enhance governance practices. The company’s financial health remains robust, with over RMB5.1 billion (US$710.4 million) in cash and cash equivalents as of March 31, 2024.

Noah Holdings' mission is to provide objective and independent financial solutions to high-net-worth clients in China, while its vision is to become a globally respected brand that fosters humanistic spirit and social responsibility. For more information, please visit Noah at http://ir.noahgroup.com.