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0 0 0 0 0.0345849802371541 0.0573122529644269 0.0375494071146244 0.0869565217391303
Stock impact report

NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER 2023 AND AUDITED FINANCIAL RESULTS FOR FULL YEAR 2023

Noah Holdings Limited American Depositary Shares (NOAH) 
US:NYSE Investor Relations: ir.noahwm.com
Company Research Source: PR Newswire
SHANGHAI, March 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 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 fourth quarter of 2023 and the audited financial results for the full year ended December 31, 2023.FOURTH QUARTER 2023 FINANCIAL HIGHLIGHTSNet revenues were RMB799.5 million (US$112.6 million), a 9.4% decrease from the corresponding period in 2022, mainly due to decreases in performance-based income generated from private equity products and recurring service fees generated from RMB private equity and private secondary products. The decreases were partially offset by a 13.8% increase in one-time commissions from more distribution of insurance products. On a sequential basis, net revenues increased by 6.6% drive Show less Read more
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