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0 0.00636942675159233 0.00636942675159233 0.00636942675159233 -0.0573248407643312 -0.0573248407643312 -0.0573248407643312 -0.0573248407643312
Stock impact report

NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2022

Noah Holdings Limited American Depositary Shares (NOAH) 
US:NYSE Investor Relations: ir.noahwm.com
Company Research Source: PR Newswire
SHANGHAI, Nov. 21, 2022 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), 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 investors, today announced its unaudited financial results for the third quarter of 2022.THIRD QUARTER 2022 FINANCIAL HIGHLIGHTSNet revenues for the third quarter of 2022 were RMB684.5 million (US$96.2 million), a 24.7% decrease from the corresponding period in 2021, mainly due to decreases in one-time commissions and performance-based income. Net revenues decreased by 7.3% compared with the second quarter of 2022, mainly due to a decrease in sales of insurance products and partially offset by increases in recurring service fees and other service fees.(RMB millions, except percentages)Q3 2021Q3 2022YoY ChangeWealth management653.6466.0(28.7 %)Asset management241.3200.3(17.0 %)Other busi Show less Read more
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