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Stock impact report

Noah Holdings Limited Announces Unaudited Financial Results for the Second Quarter of 2018

Noah Holdings Limited American Depositary Shares (NOAH) 
US:NYSE Investor Relations: ir.noahwm.com
Company Research Source: PR Newswire
SHANGHAI, Aug. 28, 2018 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth and asset management service provider in China with a focus on global investment and asset allocation services for high net worth individuals and enterprises, today announced its unaudited financial results for the second quarter of 2018. SECOND QUARTER 2018 FINANCIAL HIGHLIGHTSNet revenues for the second quarter of 2018 were RMB797.6 million (US$120.5 million), a 12.8% increase from the corresponding period in 2017.(RMB millions, except percentages)Q2 2017Q2 2018YoY ChangeWealth management550.6556.51.1%Asset management130.3195.550.0%Other financial services26.445.672.7%Total net revenues707.3797.612.8%Income from operations for the second quarter of 2018 was RMB221.2 million (US$33.4 million), a 1.4% decrease from the corresponding period in 2017.(RMB millions, except percentages)Q2 2017 Show less Read more
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