Noah Holdings Ltd.

Noah Holdings Ltd. provides investment advisory and wealth management services. It operates business through the following segments: Wealth Management, Asset Management, and Lending & Other servicers. The Wealth Management segment offers a global wealth investment and asset allocation services to high net worth individuals and enterprise clients in China. The Asset Management segment manages and develops financial products denominated in both RMB and U.S. dollars, covering real estate funds and funds of funds, including private equity, real estate, secondary market equity, and fixed income funds of funds. The Lending & Other servicers segment operates metrics which include the loan volume and the number of borrowers for lending services business. Noah Holdings was founded by Jingbo Wang, Zhe Yin & Boquan He in 2005 and is headquartered in Shanghai, China.

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Noah Holdings Ltd. reports solid 2022 performance amidst market challenges

Noah Holdings Ltd. navigated a challenging macroeconomic landscape in 2022, focusing on protecting client wealth and achieving solid financial performance. The company saw declines in certain segments but capitalized on client growth and overseas AUM expansion.

Noah Holdings reports robust Q1 earnings amid global expansion

Noah Holdings Ltd. delivered a solid financial performance in Q1 2023, driven by strong revenue contributions from overseas operations.
The company's strategic focus on client needs, global expansion, and ESG initiatives underpin its growth trajectory.
While facing industry challenges and competitive dynamics, Noah remains well-positioned to leverage opportunities in wealth management.
Continuous innovation, expansion of service offerings, and a client-centric approach are key pillars of Noah's growth strategy.

Noah Holdings reports mixed Q2 results, eyes global expansion

Noah Holdings Ltd. saw mixed performance with strong overseas growth but a decline in domestic business revenues.
The company's strengths include international expansion, strong AUM, and successful ESG product launches.
Challenges include addressing industry risks, fee cuts, and boosting domestic business amid declines.
Opportunities for growth exist in global markets, shareholder returns enhancement, and expanding client service stations globally.

Noah Holdings reports robust Q3 earnings amidst international expansion drive

Noah Holdings Ltd. delivered strong financial results driven by overseas revenue growth and a focus on solution-driven wealth management. While facing challenges in revenue predictability and potential regulatory impacts on insurance commissions, the company remains well-positioned to capitalize on international expansion opportunities and evolving client preferences.

Noah Holdings reports robust Q4 earnings, eyes overseas expansion

Noah Holdings Ltd.'s Q4 2023 performance reflects a strong revenue mix, robust operating profit margin, and strategic focus on client needs and global wealth management.
The company's strengths lie in its client-centric approach, domestic strategy, and leadership structure change, positioning it for sustained growth.
Challenges include scalability in comprehensive services, optimizing revenue mix, and maintaining profitability amidst market dynamics, while opportunities exist in dividends, overseas expansion, and service enhancements.

Noah Holdings reports Q1 revenue decline, eyes international expansion

Despite facing challenges in Q1 2024, Noah Holdings demonstrated strength in its overseas business segments and outlined strategic initiatives to navigate the current environment. The company's focus on international expansion and cost optimization positions it well for future growth and client service enhancements.

Noah Holdings reports revenue decline in Q2 2024 earnings call

Noah Holdings Ltd. navigated through revenue declines in Q2 2024, driven by restructuring and operational adjustments.
Despite short-term challenges, the company's strategic initiatives like brand launches and fundraising efforts show promise for future growth.
Emphasis on cost management, shareholder returns, and international expansion positions Noah Holdings for long-term success.

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Noah Holdings Ltd. engages in the provision of investment advisory and wealth management services. It operates through the following segments: Wealth Management, Asset Management, and Other Businesses. The Wealth Management segment offers a global wealth investment and asset allocation services to high net worth individuals and enterprise clients in China. The Asset Management segment manages and develops financial products denominated in both RMB and U.S. dollars, covering real estate funds and funds of funds, including private equity, real estate, secondary market equity, and fixed income funds of funds. The Other Businesses segment operates metrics which include the loan volume and the number of borrowers for lending services business. The company was founded by Jing Bo Wang, Zhe Yin, and Bo Quan He in 2005 and is headquartered in Shanghai, China.

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Are Investors Undervaluing Noah Holdings (NOAH) Right Now?

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Company separates CEO and chairperson roles to improve corporate governance Mr. Zhe Yin appointed as CEO; Ms.

NOAH Announces Change of Chief Executive Officer

NOAH has decided to raise its minimum dividend payout ratio from 10% earlier to 35% going forward. Noah Holdings' insurance fee income derived from its international insurance business operations grew by +381.8% YoY in the first nine months of this year. I make no changes to my existing Buy rating for NOAH, as I like its new shareholder capital return policy and I have a favorable opinion of insurance product demand.

Noah Holdings: Watch New Capital Return Framework And Insurance Products

Noah Holdings Limited (NYSE:NOAH ) Q3 2023 Earnings Call November 29, 2023 8:00 PM ET Company Participants Melo Xi - Director, Investor Relations Jingbo Wang - Chief Executive Officer Qing Pan - Chief Financial Officer Conference Call Participants Helen Lee - UBS Peter Chung - JPMorgan Chiyao Huang - Morgan Stanley Operator Good day and welcome to Noah Holdings Third Quarter 2023 Earnings Conference Call. All participants will be in listen only mode.

Noah Holdings Limited (NOAH) Q3 2023 Earnings Call Transcript

SHANGHAI, Nov. 29, 2023 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high net worth investors, today announced its unaudited financial results for the third quarter of 2023. THIRD QUARTER 2023 FINANCIAL HIGHLIGHTS N et revenue s for the third quarter of 2023 were RMB750.0 million (US$102.8 million), a 9.6% increase from the corresponding period in 2022, mainly due to increases in one-time commissions.

NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2023

SHANGHAI , Nov. 29, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company," or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, today announced that its Board of Directors (the "Board") has adopted a new capital management and shareholder return policy (the "Policy") where up to 50% the Company's non-GAAP net income attributable to shareholders of the preceding financial year will be allocated to a Corporate Actions Budget which will serve various purposes, including dividend distribution and share repurchases. Dividend Under the Policy, the Board has approved that no less than 35% of the Company's non-GAAP net income attributable to shareholders of the preceding financial year will be allocated toward dividends to be distributed in each calendar year, subject to various factors.

Noah Board of Directors Approves New Capital Management and Shareholder Return Policy; and Amendments to the Dividend Policy

SHANGHAI , Nov. 17, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of Noah Holdings Limited (the "Company", with its subsidiaries and consolidated affiliated entities, the "Group") will hold a Board meeting on Wednesday, November 29, 2023 (Hong Kong Time) for the purpose of, among others, considering and approving the unaudited financial results of the Group for the nine months ended September 30, 2023 (the "Q3 Results") and its publication. The Company will announce its Q3 Results at or around 6:00 a.m.

Noah Announces Dates for Board Meeting and Reporting of Third Quarter 2023 Unaudited Financial Results

Strong liquidity position and standardized product offering to fuel future growth Global expansion making progress in Hong Kong (China) , Singapore and U.S. Continue exploring feasible ways to improve returns for shareholders SHANGHAI , Nov. 16, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company," or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, hosted its 2023 Investor Day on November 14, 2023, in Hong Kong. At the event, Noah's co-founder, Chairwoman and CEO Ms.

Noah Outlines Growth Strategy and Global Expansion Plans at 2023 Investor Day

SHANGHAI , Oct. 24, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading wealth management service provider in China offering comprehensive global investment and asset allocation advisory services primarily for high-net-worth investors, today announced that it will host an Investor Day on Tuesday, November 14, 2023 from 2:00 - 6:00 p.m. HKT in Hong Kong.

Noah to Host Investor Day on November 14, 2023

NOAH aims to grow its number of relationship managers in Hong Kong and Singapore to 120 by the end of the current year to support its overseas expansion efforts. NOAH's credit ratios are reasonably healthy, and this means that the company has the financial capacity to increase its future dividend distributions. I stick to my existing Buy investment rating for Noah Holdings, as I have a positive view of its overseas expansion plans and strong financial position.

Noah Holdings: Consider Overseas Expansion And Financial Strength

New funding comes as investments made through the Allocate platform near $500MM  SAN FRANCISCO , Sept. 21, 2023 /PRNewswire/ --  Allocate , a platform that provides investors with a streamlined way to invest and manage private investments, announced the closing of $10MM in financing, bringing the total capital raised since the company launched in July 2021 to $33.5MM.

Allocate Closes $10MM in Strategic Capital and Adds Key Personnel to Modernize Investment in Venture Capital

SHANGHAI , Sept. 18, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today published a circular (the "EGM Circular") to provide shareholders with information on the proposal that will be put forward at the Company's extraordinary general meeting of the shareholders (the "EGM") for shareholders' approval and a notice of the EGM (the "EGM Notice").

Noah Holdings Limited to Hold Extraordinary General Meeting on October 26, 2023

Noah Holdings Limited (NYSE:NOAH ) Q2 2023 Results Conference Call August 28, 2023 8:00 PM ET Company Participants Melo Xi - Director, IR Wang Jingbo - Co-Founder, Chairlady and CEO Grant Pan - CFO Conference Call Participants Chiyao Huang - Morgan Stanley Peter Zhang - JP Morgan Operator Good day, and welcome to the Noah Holdings Second Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Melo Xi, Director of Investor Relations.

Noah Holdings Limited (NOAH) Q2 2023 Earnings Call Transcript

SHANGHAI , Aug. 28, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced that the Company's board of directors (the "Board") proposes that each issued and unissued ordinary share of the Company with a par value of US$0.0005 each (the "Shares") be subdivided into 10 ordinary shares with a par value of US$0.00005 each (the "Subdivided Shares") (such proposed subdivision, the "Share Subdivision"). The Share Subdivision is conditional on, among other things, the approval of the Company's shareholders at the extraordinary general meeting to be held on or around October 26, 2023 (the "EGM").

Noah Holdings Limited Announces Proposed Share Subdivision, Change in Board Lot Size and Record Date for the EGM

SHANGHAI , Aug. 28, 2023 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced its unaudited financial results for the second quarter of 2023. SECOND QUARTER 2023 FINANCIAL HIGHLIGHTS N et revenue s for the second quarter of 2023 were RMB941.8 million (US$129.9 million), a 27.6% increase from the corresponding period in 2022, and a 17.2% increase from the first quarter of 2023, mainly due to an increase in distribution of insurance products.

NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2023

SHANGHAI , Aug. 16, 2023 /PRNewswire/ -- The board of directors (the "Board") of Noah Holdings Limited (the "Company", with its subsidiaries and consolidated affiliated entities, the "Group") will hold a Board meeting on Monday, August 28, 2023 (Hong Kong time) for the purpose of, among others, considering and approving the unaudited financial results of the Group for the three months and six months ended June 30, 2023 (the "Q2 and Interim Results") and its publication. The Company will announce its Q2 and Interim Results at or around 6:00 a.m.

Date of Board Meeting and Date of Announcement of Second Quarter and Half Year 2023 Unaudited Financial Results

Noah Holdings Limited presents a compelling investment opportunity due to its history of stability, consistent profitability, and steady reinvestment rate. The company has recently shifted its capital allocation strategy to include dividend payments, a move deemed prudent given the declining return on equity (ROE). Despite the fundamentals fully recovering from the Covid-19 crisis, NOAH is significantly undervalued, offering a significant margin of safety and potential for substantial capital gains and favorable returns.

Noah Holdings: Undervaluation And Potential For Capital Gains

NOAH's 2023 financial prospects are healthy, taking into account expectations of double-digit revenue growth and net margin expansion. Specifically, Noah Holdings' Hong Kong office has witnessed a growing interest in its insurance product offerings from Mainland Chinese customers. My Buy rating for NOAH remains intact, as the stock's depressed valuations don't do justice to its favorable near-term outlook.

Staying Bullish On Noah Holdings

SHANGHAI , June 27, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced that it will distribute a final dividend of HK$6.0 per ordinary share (for registered holders of the ordinary shares in Hong Kong) (tax inclusive) in Hong Kong dollars or US$0.76 per ordinary share (tax inclusive) in U.S. dollars in respect of the year ended December 31, 2022, calculated based on the final dividend of RMB5.5 per ordinary share (tax inclusive) with reference to the effective noon buying rate for June 23, 2023 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board and the number of ordinary shares of 31,945,575 entitled to dividend distribution as of the close of business on June 27, 2023 (the "Final Dividend"). For the distribution of the Final Dividend to ADS holders, the final amount of approximately US$0.38 per ADS (subject to applicable tax and depositary fees) is payable in U.S. dollars to the Company's ADS holders through the depositary bank subject to the foreign exchange rate adjustment on the date of settlement in accordance with the terms of the deposit agreement.

Noah Holdings Limited Provides Updates on Payment of Final Dividend

SHANGHAI , June 12, 2023 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced that its annual general meeting (the "AGM") was held in Hong Kong on June 12, 2023 and all the proposed resolutions submitted for shareholders' approval as set forth in the notice of the AGM dated April 24, 2023 were duly passed at the AGM. The Company also announced that it will distribute a final dividend of RMB5.5 (equivalent to US$0.8, or HK$6.2, based on the effective noon buying rate for December 30, 2022 as set forth in the H.10 statistical release of the U.S. Federal Reserve Board) per ordinary share (tax inclusive) (with an aggregate amount of approximately RMB176.5 million (equivalent to US$25.6 million, or HK$199.9 million) (tax inclusive), subject to adjustment to the number of ordinary shares of the Company entitled to dividend distribution as of the record date for dividend distribution, and the equivalent U.S. dollars amount and Hong Kong dollars amount are also subject to exchange rate adjustment) in respect of the year ended December 31, 2022 to shareholders whose names appear on the register of members of the Company as of the close of business on June 27, 2023 (the "Final Dividend").

Noah Holdings Limited Announces Results of Annual General Meeting and Payment of Final Dividend

Noah Holdings Limited (NYSE:NOAH ) Q1 2023 Results Conference Call May 30, 2023 8:00 PM ET Company Participants Melo Xi - IR Wang Jingbo - CEO Grant Pan - CFO Conference Call Participants Helen Lee - UBS Chiyao Huang - Morgan Stanley Melo Xi Good morning, everyone, and welcome to Noah's 2023 First Quarter Earnings Call. I'm Melo Xi, Director of Investor Relations at Noah Group.

Noah Holdings Limited (NOAH) Q1 2023 Earnings Call Transcript

SHANGHAI , May 30, 2023 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced its unaudited financial results for the first quarter of 2023. FIRST QUARTER 2023 FINANCIAL HIGHLIGHTS N et revenue s for the first quarter of 2023 were RMB803.5 million (US$117.0 million), a 1.0% increase from the corresponding period in 2022, primarily due to a 72.8% increase in one-time commissions, generating from more distribution of insurance products, partially offset by a 52.1% decrease in performance-based income relating to our private secondary products.

NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2023

Noah Holdings Limited shares have lost more than a quarter of their value in the past two and a half months. Noah Holdings' FY 2022 performance was poor, but a turnaround in FY 2023 is expected considering NOAH's core client base growth and the company's expansion plans for its overseas offices.

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