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Stock impact report

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

Noah Holdings Limited American Depositary Shares (NOAH) 
US:NYSE Investor Relations: ir.noahwm.com
Company Research Source: MarketWatch
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 HIGHLIGHTS N et revenue s 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 2020 Q3 2021 YoY Change Wealth management Asset management Other businesses Total net revenues 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, due to our budgeted strategic investments on compensation and marketing activities. (RMB millions, except percent Show less Read more
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