Welcome to our dedicated page for Noah Hldgs news (Ticker: NOAH), a resource for investors and traders seeking the latest updates and insights on Noah Hldgs stock.
Noah Holdings Limited reports news about its wealth management and asset management platform for global Chinese high-net-worth investors. The company provides advisory services on global investment and asset allocation, distributes private equity, public securities, mutual fund, private secondary, insurance and other products, and manages investments through Gopher Asset Management and Olive Asset Management.
Recurring updates include unaudited financial results, Form 20-F annual-report announcements, annual meeting materials, dividend actions, share-repurchase disclosures, and client-facing investment commentary such as CIO reports and Noah | Olive forums. News also reflects the company’s global platform structure, including ARK Wealth Management, Olive Asset Management and Glory Family Heritage, as well as its NYSE ADS and Hong Kong listing disclosures.
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.
Noah Holdings Limited (NYSE: NOAH) reported its second quarter 2020 financial results, revealing net revenues of RMB747.4 million (US$105.8 million), a 14.2% year-over-year decrease. Despite this, income from operations grew 26.9% to RMB319.5 million (US$45.2 million). Net income attributable to shareholders increased 19.8% to RMB299.6 million (US$42.4 million). The firm revised its full-year 2020 non-GAAP net income guidance upward to RMB900 million - RMB1 billion, reflecting positive market trends. However, challenges include a drop in lending revenues and active clients, highlighting a transition towards online mutual funds.
Noah Holdings Limited (NYSE: NOAH) will announce its unaudited financial results for Q2 2020 on August 24, 2020, after U.S. market close. The earnings report will be accessible on their investor relations website. Following the announcement, a bilingual conference call will take place on the same day at 8:00 p.m. U.S. Eastern Time. As of March 31, 2020, Noah distributed RMB23.2 billion (US$3.3 billion) of financial products and managed assets totaling RMB161.7 billion (US$22.8 billion) through Gopher Asset Management, serving over 321,000 clients.