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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.
Noah Holdings Limited (NYSE: NOAH) announced a US$10 million strategic equity investment in iCapital Network, a leading financial technology platform for alternative investments. This investment aims to enhance Noah's offering of global private equity and hedge fund products, aligning with its digital transformation strategy. Noah managed RMB154.1 billion (US$23.5 billion) in assets through Gopher Asset Management as of March 31, 2021, and distributed RMB27.1 billion (US$4.1 billion) in investment products in Q1 2021. The partnership is expected to drive growth and increase shareholder value.
Noah Holdings Limited (NYSE: NOAH) reported strong financial results for Q1 2021, achieving net revenues of RMB1,224.7 million (US$186.9 million), a 64.1% year-over-year increase. Income from operations nearly doubled, reaching RMB502.4 million (US$76.7 million), while net income attributable to shareholders surged 86.9% to RMB454.1 million (US$69.3 million). The wealth management business saw notable growth, with a 71.3% increase in revenues, and a record number of active clients. However, the asset management segment's AUM decreased 4.7% year-over-year. Non-GAAP net income guidance for 2021 is estimated at RMB1.2 billion to RMB1.3 billion.
Noah Holdings Limited (NYSE: NOAH), a leading wealth and asset management service provider in China, announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the U.S. SEC on April 30, 2021. In 2020, Noah distributed RMB94.7 billion (US$14.5 billion) in financial products and managed assets worth RMB152.8 billion (US$23.4 billion) as of December 31, 2020. The company serves its clients through 1,231 relationship managers across 80 cities in China and has 360,637 registered clients, highlighting its significant market presence.
Noah Holdings Limited (NYSE: NOAH), a prominent wealth and asset management service provider in China, announced it will release its unaudited financial results for Q1 2021 on May 10, 2021, after U.S. market close. A conference call will follow to discuss the results, accessible in both English and Chinese. In 2020, Noah distributed RMB94.7 billion (US$14.5 billion) in financial products and managed RMB152.8 billion (US$23.4 billion) in assets as of December 31, 2020. The firm serves high-net-worth clients through a network of 1,231 managers across 80 cities.
Noah Holdings Limited (NYSE: NOAH) reported its unaudited preliminary financial results for Q4 2020 and FY 2020. Q4 2020 net revenues increased by 20.9% YoY to RMB953.2 million, driven by higher commissions and performance-based income. However, the company faced a net loss of RMB1,573.5 million due to a one-off settlement expense of RMB1,828.9 million related to Camsing. For FY 2020, the company reported a net revenue decline of 2.5% to RMB3,305.8 million and a net loss of RMB745.2 million. Notably, non-GAAP net income rose by 25.3% to RMB1,129.7 million.
Noah Holdings Limited (NYSE: NOAH), a prominent wealth and asset management provider in China, will release its unaudited financial results for Q4 2020 post market close on March 15, 2021. The earnings report will be accessible on the company's investor relations website. Following the announcement, senior management will hold a conference call at 8 PM ET on the same day, available in both English and Chinese. Investors can dial in using provided toll-free numbers. The company has demonstrated growth, distributing RMB73.4 billion (US$10.8 billion) of financial products in the first nine months of 2020.
Noah Holdings Limited (NYSE: NOAH) announced a share repurchase program to buy back up to US$100 million worth of its American Depositary Shares over two years, reflecting confidence in its business and the China wealth management industry.
The program will commence after releasing third-quarter results on December 1, 2020. The buyback aims to enhance shareholder value, as management believes shares are undervalued.
Noah Holdings Limited (NYSE: NOAH) reported its Q3 2020 financial results, with net revenues of RMB859.1 million (US$126.5 million), a 2.0% increase year-over-year. Wealth management revenue surged 15.7%, while asset management declined by 7.5%. Income from operations rose significantly to RMB347.2 million (US$51.1 million), up 48.2% year-over-year. However, net income attributable to shareholders increased by 49.1% to RMB285.6 million (US$42.1 million) but was down 4.7% from Q2 2020. Total active clients grew 105.9% to 20,509, reflecting strong demand for financial products, particularly public securities.
Noah Holdings Limited (NYSE: NOAH), a prominent wealth and asset management provider in China, will announce its unaudited financial results for Q3 2020 on November 30, 2020, after U.S. market hours. The earnings release will be accessible on their investor relations website. Following the announcement, management will host a bilingual conference call on the same evening to discuss the results and business activities. Noah reported RMB44.6 billion (US$6.3 billion) in distributed financial products in H1 2020 and managed assets totaling RMB159.4 billion (US$22.6 billion) as of June 30, 2020.
Noah Holdings Limited (NYSE: NOAH) will hold its annual general meeting (AGM) on December 7, 2020, from 2:00 p.m. to 4:00 p.m. at Wanda Vista Resort in Yunnan, China. The AGM will not include any proposals for shareholder approval but will provide an open forum for discussion with management. Shareholders and ADS holders can attend, with the record date set for October 26, 2020. In the first half of 2020, Noah distributed RMB44.6 billion (US$6.3 billion) in financial products and managed assets worth RMB159.4 billion (US$22.6 billion) as of June 30, 2020.
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