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 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.
Track NOAH's latest press releases including earnings reports, strategic partnerships, product launches, and regulatory updates. Our curated collection ensures timely access to information impacting investment decisions in the wealth management sector.
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 Limited, a leading wealth management service provider in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission on April 24, 2023. The annual report detailing financial performance can be accessed via the company's investor relations website, where shareholders can also request free hard copies of audited financial statements. In 2022, Noah distributed RMB70.3 billion (US$10.2 billion) of investment products and reported assets under management of RMB157.1 billion (US$22.8 billion) as of December 31, 2022. The company's wealth management services cater primarily to high net worth individuals across 75 cities in mainland China and several international locations, supported by a network of 1,276 relationship managers.
Noah Holdings Limited (NYSE: NOAH) reported its fourth quarter 2022 financial results, revealing a 30.0% year-over-year decrease in net revenues to RMB882.1 million (US$127.9 million), attributed to reduced one-time commissions and performance-based income. Despite this, net revenues rose 28.9% quarter-over-quarter. The company posted a 66.1% increase in income from operations, totaling RMB219.7 million (US$31.9 million). However, net income attributable to shareholders fell 50.3% year-over-year to RMB139.9 million (US$20.3 million). For the full year 2022, net revenues dropped 27.8% to RMB3,100.4 million (US$449.5 million).
The board of directors of Noah Holdings will convene on March 27, 2023, to review unaudited financial results for Q4 and FY 2022, concluding on December 31, 2022. The subsequent announcement, scheduled for March 28, 2023, will detail the financial performance and may include a final dividend recommendation. A conference call will follow the announcement to discuss the results, with access details provided. Shareholders are cautioned as the dividend may not be approved, contingent on board and shareholder consent. For more information, stakeholders can access the company's investor relations website.
FAQ
What is the current stock price of Noah Hldgs (NOAH)?
What is the market cap of Noah Hldgs (NOAH)?
