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Noah Holdings Ltd (NOAH) provides independent wealth management and financial services to high-net-worth clients worldwide. This news hub offers investors and financial professionals centralized access to official company updates and market-relevant developments.
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Key updates cover wealth management innovations, asset allocation strategies, risk management practices, and international expansion efforts. Stay informed about NOAH's evolving service offerings and market positioning through verified financial disclosures.
Bookmark this page for ongoing insights into one of China's leading independent financial services firms. Check regularly for updates on global asset management trends and NOAH's role in shaping cross-border investment solutions.
Noah Holdings announced Q1 2024 unaudited financial results, showing a 19.2% YoY decrease in net revenues to RMB649.5 million (US$90.0 million). This decline was attributed to reduced performance-based income and recurring service fees from private equity products. Income from operations fell by 56.4% to RMB121.5 million (US$16.8 million), while net income attributable to shareholders decreased by 46.2% to RMB131.5 million (US$18.2 million). The number of registered clients grew by 3.9%, and the aggregate value of investment products distributed increased by 12.4% to RMB18.9 billion (US$2.6 billion). The asset management business saw a slight dip in assets under management to RMB153.3 billion (US$21.2 billion).
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 Holdings provided updates on the legal proceedings against Camsing International Holding and its affiliates related to certain credit funds managed by Shanghai Gopher Asset Management Co., Shanghai Financial Court ruled in favor of Shanghai Gopher, ordering Camsing to pay RMB3.4 billion for the outstanding amount of the Camsing Receivables, along with legal fees and expenses. The judgment will become effective after the appeal period.
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