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 (NOAH) is a dual-listed wealth and asset management group that regularly publishes detailed updates on its operations, strategy and market views. News about the company often centers on its role as a service provider for global Chinese high-net-worth investors and on developments across its wealth management, asset management, and family services platforms.
Company news releases frequently cover earnings results and segment performance, including net revenue trends, non-GAAP net income, and the performance of domestic and overseas business segments such as public securities, asset management, insurance, and comprehensive services. These updates also describe client activity, product distribution volumes, and changes in assets under management by investment type and geography.
Noah’s news flow also highlights its globalization strategy, including progress in building a network of global booking centers and obtaining licenses such as a U.S. broker-dealer license to support cross-border services. Announcements describe the growth of overseas revenues, overseas client bases, and overseas relationship manager teams, reflecting the company’s emphasis on offshore investment demand.
Another recurring theme in Noah’s news is its AI-driven transformation. Releases describe the rollout of the iARK platform, the AI relationship manager Noya, and the broader “AI Wealth Advisor + AI Operations System” plan. Company communications explain how AI is being integrated into client outreach, content generation, and internal operations.
In addition, Noah issues news on research publications and thought leadership, such as the ARK Wealth CIO Report, and on new product initiatives including digital yield funds managed by Olive in cooperation with Coinbase Asset Management. Cultural and family-focused initiatives, such as the N+ Art Club exhibition in Shanghai, also feature in its news, illustrating the company’s emphasis on wealth, legacy and cultural enrichment.
Investors and observers following NOAH news can therefore expect coverage of financial results, strategic initiatives, AI and digital-asset projects, global expansion milestones, and family and culture-related programs.
Noah Holdings reported Q3 2024 financial results with net revenues of RMB683.7 million (US$97.4 million), an 8.8% decrease year-over-year. The decline was primarily due to a 33.0% decrease in mainland China revenues, partially offset by a 28.9% increase in overseas revenues. Income from operations decreased 3.2% to RMB240.8 million, while net income attributable to shareholders fell 42.4% to RMB134.4 million. The company's overseas expansion showed momentum with an 89.6% increase in overseas relationship managers. Total assets under management were RMB150.1 billion, representing a 3.1% decrease from the previous year.
Noah Holdings (NYSE: NOAH, HKEX: 6686) announces its Corporate Open Day scheduled for December 6, 2024, from 2:00-6:00 p.m. HKT in Hong Kong. The event will feature executive management discussing wealth management strategies for Mandarin-speaking high-net-worth investors and global investment allocation.
Noah, a pioneer wealth management service provider, distributed RMB33.3 billion (US$4.6 billion) of investment products in H1 2024. Through Gopher Asset Management, the company manages RMB154.0 billion (US$21.2 billion) in assets. With 459,072 registered clients as of June 30, 2024, Noah's network spans major Chinese cities and international locations including Hong Kong, New York, and Singapore.
Noah Holdings (NYSE: NOAH, HKEX: 6686) will report its Q3 2024 unaudited financial results on November 26, 2024, after U.S. markets close. The company will hold an earnings conference call at 7:00 p.m. U.S. Eastern Time on the same day. Noah, a wealth management service provider for Mandarin-speaking high-net-worth investors, distributed RMB33.3 billion (US$4.6 billion) of investment products in H1 2024. As of June 30, 2024, the company managed assets totaling RMB154.0 billion (US$21.2 billion) through Gopher Asset Management and had 459,072 registered clients.
Noah Holdings (NYSE: NOAH, HKEX: 6686) has announced a $50 million share repurchase program, signaling confidence in its overseas growth strategy. The company reported total net revenue of RMB 616 million for Q2 2024, with wealth management generating RMB 416 million and asset management contributing RMB 192 million. Noah's overseas expansion is gaining traction, with overseas net revenue contribution increasing to 46.3% in H1 2024 and assets under management growing 14.1% year-over-year. The company raised US$ 338 million for overseas funds, a 40.2% YoY increase. Income from operations rose 10.3% sequentially to RMB 134 million, with an improved operating margin of 21.8%. Noah's overseas registered clients increased by 23.0% YoY to 16,786, reflecting growing demand for global asset allocation.
Noah Holdings (NYSE: NOAH, HKEX: 6686) reported strong Q2 2024 results, with total net revenues of RMB 616 million (US$ 85 million). The company's overseas business contributed significantly, generating RMB 279 million (US$ 38 million). Noah's operating profit reached RMB 134 million (US$ 18 million), with an improved operating profit margin of 21.8%.
Key highlights include:
- Overseas registered clients increased by 23.0% year-over-year
- US$ 152 million raised for US private equity products, up 46.2% year-over-year
- Overseas revenue contribution increased to 46.3% in H1 2024
- Assets under management grew 14.1% year-over-year
- Overseas relationship manager team expanded by 101.8% year-over-year
The company also announced a US$ 50 million share repurchase program, signaling confidence in its future growth and commitment to shareholder value.
Noah Holdings (NYSE: NOAH, HKEX: 6686) announced its unaudited financial results for Q2 2024. Total net revenues were RMB 615.8 million (US$84.7 million), marking a 34.6% decrease year-on-year mainly due to reduced distribution of insurance products. Net income attributable to shareholders fell 68.4% to RMB 99.8 million (US$13.7 million).
Key Points:
- Q2 revenue from mainland China: RMB 337.2 million (down 38.5%)
- Q2 revenue from overseas: RMB 278.6 million (down 29.2%)
- Wealth management revenue: RMB 415.6 million (down 44.2%)
- Asset management revenue: RMB 192.3 million (up 4.9%)
- Total AUM: RMB 154.0 billion
- Share repurchase program: US$50 million
Operational costs decreased 18.7% to RMB 481.8 million. Income from operations dropped 61.6% to RMB 134.0 million but grew 10.3% sequentially. Noah's overseas expansion showed momentum with a 14.3% increase in AUM year-on-year, although domestic market conditions remain challenging.
Noah Holdings (NYSE: NOAH, HKEX: 6686) has announced a US$50 million share repurchase program, effective immediately with a two-year term. This program is separate from the company's Corporate Actions Budget policy adopted in November 2023. The repurchases will be executed through various means, including open market transactions and block trades, funded by existing cash and operational cash flow.
Additionally, Noah recently completed a record RMB1,018 million (US$140.1 million) dividend payout for full year 2023, representing 100% of its annual non-GAAP net income. The company's chairwoman, Jingbo Wang, expressed confidence in Noah's unique position in serving Mandarin-speaking high-net-worth individuals globally, despite challenges in China's wealth management industry.
Noah Holdings (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider for high-net-worth Mandarin-speaking investors, has announced it will report its unaudited financial results for Q2 and H1 2024 on August 28, 2024. The company will hold an earnings conference call at 8:00 p.m. U.S. Eastern Time on the same day. In Q1 2024, Noah distributed RMB18.9 billion (US$2.6 billion) of investment products and had assets under management of RMB153.3 billion (US$21.2 billion) as of March 31, 2024. Noah's network spans major cities in mainland China, Hong Kong, and international locations, with 1,109 relationship managers serving over 450,000 registered clients.
Noah Holdings (NYSE: NOAH, HKEX: 6686) has distributed a record RMB 1,018 million (approximately USD 140.1 million) dividend to shareholders under its new capital management and shareholder return policy. This payout, processed on July 25 for Hong Kong shareholders and August 1 for U.S. shareholders, represents 100% of the company's annual non-GAAP net income for 2023.
The dividend consists of both a final and special dividend, each amounting to RMB 509.0 million, or RMB 1.54 per share. Noah's new policy allocates up to 50% of its non-GAAP net income to a Corporate Actions Budget, with at least 35% dedicated to annual dividend distributions. This move reflects the company's strong financial position and commitment to delivering sustained returns to shareholders in the wealth management sector.
Noah Holdings (NYSE: NOAH, HKEX: 6686), a leading wealth management service provider, announced changes to its Board of Directors effective June 30, 2024. Dr. Zhiwu Chen retired, and Mr. Jinbo Yao resigned after a decade of service. Mr. David Zhang and Ms. Xiangrong Li have been appointed as Independent Directors. Ms. Li will be the new Chairwoman and join the Audit Committee along with Mr. Zhang. These appointments are expected to enhance Noah's governance and financial operations. Mr. Zhang brings extensive legal expertise, while Ms. Li has a strong background in financial management. Noah aims to maintain its commitment to high corporate governance standards through these changes.
FAQ
What is the current stock price of Noah Hldgs (NOAH)?
What is the market cap of Noah Hldgs (NOAH)?
