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Stock impact report

Noah Holdings Limited Announces Unaudited Financial Results for the Third Quarter of 2021

Noah Holdings Limited American Depositary Shares (NOAH) 
US:NYSE Investor Relations: ir.noahwm.com
Company Research Source: PR Newswire
SHANGHAI, Nov. 23, 2021 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), 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 ("HNW") investors, today announced its unaudited financial results for the third quarter of 2021. THIRD QUARTER 2021 FINANCIAL HIGHLIGHTSNet revenues for the third quarter of 2021 were RMB908.9 million (US$141.1 million), a 5.8% increase from the corresponding period in 2020, and a 1.1% increase from the second quarter of 2021.(RMB millions, except percentages)Q3 2020Q3 2021YoY ChangeWealth management627.7653.64.1%Asset management222.4241.38.5%Other businesses9.014.056.4%Total net revenues859.1908.95.8%Income from operations for the third quarter of 2021 was RMB228.9 million (US$35.5 million), a 34.1% decrease from the corresponding period in 2020, and a 31.8% decrease from the second quarter of 2021, Show less Read more
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