Noah Hldgs Ltd Stock Price, News & Analysis

Noah Holdings Limited (NYSE: NOAH) reported its Q2 2021 results, with net revenues rising by 20.3% year-over-year to RMB899.4 million (US$139.3 million), driven primarily by increased one-time commissions and recurring service fees. Net income attributable to shareholders grew 2.0% to RMB305.5 million (US$47.3 million). However, operating expenses surged by 31.8%, leading to a decline in operating margin from 42.7% in Q2 2020 to 37.3%. The company has forecasted non-GAAP net income for 2021 to range between RMB1.2 billion and RMB1.3 billion.

On August 5, 2021, Standard and Poor's Global Ratings upgraded Noah Holdings' outlook to stable from negative and affirmed its 'BBB-' long-term and 'A-3' short-term issuer credit ratings. This revision reflects expectations of revenue growth and reduced litigation risks from the Camsing incident. In Q1 2021, Noah achieved a record RMB1.2 billion in net revenues, marking a 64.1% year-on-year increase. The company also expanded its ultra-high-net-worth client base, with active clients growing 65.4% year-on-year to nearly 28,000. S&P believes Noah is well-positioned to navigate future growth with minimal financial risk.

Noah Holdings Limited (NYSE: NOAH) is set to announce its unaudited financial results for Q2 2021 on August 17, 2021, after U.S. market close. The company serves high net worth investors in China with comprehensive wealth management services, offering investment and asset allocation advisory.

In Q1 2021, Noah distributed RMB27.1 billion (US$4.1 billion) in investment products and reported RMB154.1 billion (US$23.5 billion) in assets under management as of March 31, 2021. A conference call for discussing financial results will follow the earnings release.

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.