US EditionNOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER 2024 AND AUDITED FINANCIAL RESULTS FOR FULL YEAR 2024
- On March 25, 2025, Noah Holdings Limited, a wealth management service provider for Mandarin-speaking high-net-worth investors, announced its unaudited financial results for the fourth quarter of 2024 and the audited financial results for the full year ended December 31, 2024, in Shanghai.
- The decrease in net revenues was primarily due to a decrease in the distribution of insurance products.
- For the fourth quarter of 2024, net revenues were RMB651.9 million , an 18.5% decrease from the corresponding period in 2023, while mainland China net revenues were RMB362.1 million and overseas net revenues were RMB289.8 million .
- Total registered clients as of December 31, 2024, numbered 462,049, representing a 1.4% increase from December 31, 2023, while the aggregate value of investment products distributed during the full year 2024 was RMB63.9 billion .
- The full year 2024 net revenues were RMB2,601.0 million , a 21.1% decrease from 2023, and the distribution of overseas investment products increased by 30.7% to RMB31.1 billion , mainly driven by overseas mutual fund products and private equity products.
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NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER 2024 AND AUDITED FINANCIAL RESULTS FOR FULL YEAR 2024
SHANGHAI, March 25, 2025 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking…
·Hartford City, United States
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