Noah Hldgs Ltd Stock Price, News & Analysis

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.

Noah Holdings Limited (NYSE: NOAH) announced a share repurchase program to buy back up to US$100 million worth of its American Depositary Shares over two years, reflecting confidence in its business and the China wealth management industry.

The program will commence after releasing third-quarter results on December 1, 2020. The buyback aims to enhance shareholder value, as management believes shares are undervalued.

Noah Holdings Limited (NYSE: NOAH) reported its Q3 2020 financial results, with net revenues of RMB859.1 million (US$126.5 million), a 2.0% increase year-over-year. Wealth management revenue surged 15.7%, while asset management declined by 7.5%. Income from operations rose significantly to RMB347.2 million (US$51.1 million), up 48.2% year-over-year. However, net income attributable to shareholders increased by 49.1% to RMB285.6 million (US$42.1 million) but was down 4.7% from Q2 2020. Total active clients grew 105.9% to 20,509, reflecting strong demand for financial products, particularly public securities.

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.