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SHANGHAI, Dec. 10, 2024 /PRNewswire/ -- Noah Holdings recently hosted its 2024 Corporate Open Day in Hong Kong. Across three key panel discussions, Noah's executive management team outlined the company's strategic initiatives including global expansion, innovation, and its competitive global investment product offerings. Presentations also provided insights into the into the evolving wealth management needs of global Mandarin-speaking individuals and corporate clients. Wrapping up a remarkable year for Noah Holdings, here is a snapshot of the major themes highlighted at the event.
SHANGHAI, Dec. 10, 2024 /PRNewswire/ -- Noah Holdings recently hosted its 2024 Corporate Open Day in Hong Kong. Across three key panel discussions, Noah's executive management team outlined the company's strategic initiatives including global expansion, innovation, and its competitive global investment product offerings. Presentations also provided insights into the into the evolving wealth management needs of global Mandarin-speaking individuals and corporate clients. Wrapping up a remarkable year for Noah Holdings, here is a snapshot of the major themes highlighted at the event.
SHANGHAI, Dec. 9, 2024 /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 high-net-worth investors, hosted its 2024 Corporate Open Day on December 6, 2024, in Hong Kong.
SHANGHAI, Nov. 27, 2024 /PRNewswire/ -- Noah Holdings Limited ("Noah" or "the Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced its unaudited financial results for the third quarter of 2024.
The Company generated solid sequential growth in both overseas net revenues and operating income, highlighting the effectiveness of its international expansion. Noah unveiled its new brands to serve overseas Mandarin-speaking clients during the quarter, including its wealth management division, Ark Wealth Management; its asset management division, Olive Asset Management; and its comprehensive services division, Glory Family Heritage. Additionally, Noah remains committed to prioritizing shareholder interests and delivering sustained returns once the window opens for the US$50 million share repurchase program it announced at the end of August.
SHANGHAI, Nov. 27, 2024 /PRNewswire/ -- Noah Holdings Limited ("Noah" or "the Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced its unaudited financial results for the third quarter of 2024.
The Company generated solid sequential growth in both overseas net revenues and operating income, highlighting the effectiveness of its international expansion. Noah unveiled its new brands to serve overseas Mandarin-speaking clients during the quarter, including its wealth management division, Ark Wealth Management; its asset management division, Olive Asset Management; and its comprehensive services division, Glory Family Heritage. Additionally, Noah remains committed to prioritizing shareholder interests and delivering sustained returns once the window opens for the US$50 million share repurchase program it announced at the end of August.
SHANGHAI, Nov. 26, 2024 /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 high-net-worth investors, today announced its unaudited financial results for the third quarter of 2024.
THIRD QUARTER 2024 FINANCIAL HIGHLIGHTS
Net revenues for the third quarter of 2024 were RMB683.7 million (US$97.4 million), an 8.8% decrease from the corresponding period in 2023, primarily due to a 33.0% decrease in net revenues from mainland China, which was partially offset by a 28.9% increase in net revenues from overseas. Net revenues from mainland China for the third quarter of 2024 were RMB306.8 million (US$43.7 million), a 33.0% decrease from the corresponding period in 2023, primarily due to decreases of 89.9% in revenue from distribution of domestic insurance products and 17.3% in revenue from recurring service fees from RMB private equity products. Net revenues from overseas for the third quarter of 2024 were RMB376.9 million (US$53.7 million), a 28.9% increase from the corresponding period in 2023, primarily due to increases of 42.5% in revenue from offshore investment products and 42.4% in revenue from insurance products, which were partially offset by a 38.8% decrease in revenue from other services provided to offshore high-net-worth investors.SHANGHAI, Nov. 19, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced that it will host a Corporate Open Day on Friday, December 6, 2024, from 2:00 - 6:00 p.m. HKT in Hong Kong.
The Corporate Open Day will feature Noah's executive management team, who will provide insights into the wealth management needs of global Mandarin-speaking clients, discuss global investment allocation strategies, and showcase its competitive global investment product offerings and comprehensive service matrix. There will also be a question-and-answer session.
SHANGHAI, Nov. 14, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company" or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, after U.S. markets close on November 26, 2024.
Noah's management team will hold an earnings conference call at 7:00 p.m. U.S. Eastern Time on Tuesday, November 26, 2024 (8:00 a.m. Beijing/Hong Kong Time on Wednesday, November 27, 2024).
SHANGHAI, Aug. 29, 2024 /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 high-net-worth investors, today announced its unaudited financial results for the second quarter of 2024.
Noah recorded total net revenue of RMB 616 million in the second quarter of 2024. The wealth management business generated net revenues of RMB 416 million, while the asset management business reported net revenues of RMB 192 million.
SHANGHAI, Aug. 29, 2024 /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 high-net-worth investors, today announced its unaudited financial results for the second quarter of 2024.
Noah recorded total net revenue of RMB 616 million in the second quarter of 2024. The wealth management business generated net revenues of RMB 416 million, while the asset management business reported net revenues of RMB 192 million.