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Noah Holdings NOAH

US equityMarket cap rank #3703Asset Management
$7.73 −$0.03 (-0.39%)
Pre-market · Oct 8, 9:00 am ET · After hours $7.73 0.00%
Open$7.71
Prev close$7.76
Day range$7.70 – $7.82
Volume79.4K
Market cap$530.63M
P/E (TTM)6.1
Dividend yield–

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in CNY

RevenueCN¥619.90M-1.5% YoY
Operating profitCN¥215.81M+34.0% YoY
Net profitCN¥236.86M+32.7% YoY
Diluted EPSCN¥3.36+32.3% YoY
Free cash flowCN¥497.05M+2.7% YoY
Operating cash flowCN¥501.18M

Revenue, last 8 quarters

CN¥683.7MSep '24CN¥651.9MDec '24CN¥614.6MMar '25CN¥629.5MJun '25CN¥632.9MSep '25CN¥733.2MDec '25CN¥625.8MMar '26CN¥619.9MJun '26

Net profit, last 8 quarters

CN¥137.8MSep '24CN¥113.7MDec '24CN¥149.8MMar '25CN¥178.5MJun '25CN¥218.9MSep '25CN¥10.0MDec '25CN¥123.2MMar '26CN¥236.9MJun '26

Diluted EPS by quarter

1.91Sep '241.55Dec '242.11Mar '252.54Jun '253.11Sep '250.19Dec '251.79Mar '263.36Jun '26

Annual revenue

CN¥3.3BFY20CN¥4.3BFY21CN¥3.1BFY22CN¥3.3BFY23CN¥2.6BFY24CN¥2.6BFY25

Profitability & balance sheet

Gross margin55.1%
Operating margin33.8%
Net margin22.5%
Return on equity6.2%
Return on assets5.0%
Return on invested capital5.3%
Current ratio3.61
Liabilities / assets18.5%
Cash & investmentsCN¥5.03B
Total debtCN¥51.02M
Net cash (debt)CN¥4.98B
Free cash flow / sales30.2%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Domestic public securitiesCN¥206.45M 33.3%
  • Domestic asset managementCN¥165.44M 26.7%
  • Overseas asset managementCN¥106.36M 17.2%
  • Overseas wealth managementCN¥88.95M 14.3%
  • Overseas insurance and comprehensive servicesCN¥40.68M 6.6%
  • HeadquartersCN¥10.01M 1.6%
  • Domestic insuranceCN¥2.03M 0.3%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(CNY)		 2026 Q1
(CNY)		 2025 ANNUAL
(CNY)		 2025 Q4
(CNY)		 2025 Q3
(CNY)
Total Revenue as Reported CN¥619.90M CN¥625.75M CN¥2.61B CN¥733.25M CN¥632.90M
Total Operating Revenue CN¥619.90M CN¥625.75M CN¥2.61B CN¥733.25M CN¥632.90M
Cost of Revenue CN¥99.45M CN¥102.46M CN¥1.22B CN¥844.11M CN¥126.16M
Gross Profit CN¥520.45M CN¥523.29M CN¥1.39B -CN¥110.86M CN¥506.74M
Operating Expense CN¥304.65M CN¥286.85M CN¥617.02M -CN¥368.61M CN¥334.85M
Selling and Admin Expenses CN¥291.59M CN¥267.32M CN¥548.40M -CN¥391.65M CN¥334.15M
-Selling & Marketing Expense CN¥56.08M CN¥36.21M CN¥242.81M CN¥60.80M CN¥68.62M
-General & Admin Expense CN¥235.51M CN¥231.12M CN¥305.59M -CN¥452.45M CN¥265.53M
Asset Impairment Loss CN¥7.67M CN¥3.17M CN¥52.23M CN¥3.52M CN¥4.66M
Other Operating Expenses CN¥5.39M CN¥16.36M CN¥16.40M CN¥19.52M -CN¥3.96M
Operating Profit CN¥215.81M CN¥236.44M CN¥776.66M CN¥257.74M CN¥171.89M
Net Non-Operating Interest Income (Expense) CN¥30.45M CN¥32.05M CN¥127.55M CN¥32.56M CN¥28.68M
Non-Operating Interest Income CN¥30.45M CN¥32.05M CN¥127.55M CN¥32.56M CN¥28.68M
Other Income (Expense) CN¥25.64M -CN¥13.27M -CN¥47.79M -CN¥52.54M CN¥1.11M
Gain on Sale of Security CN¥41.80M -CN¥2.01M CN¥32.25M CN¥19.35M CN¥20.57M
Special Income (Charges) CN¥7.68M -CN¥2.73M -CN¥49.23M -CN¥50.93M CN¥1.36M
-Less:Other Special Charges -CN¥7.68M CN¥2.73M CN¥49.23M CN¥50.93M -CN¥1.36M
Other Non-Operating Income (Expenses) -CN¥23.84M -CN¥8.53M -CN¥30.81M -CN¥20.97M -CN¥20.81M
Pretax Profit CN¥271.89M CN¥255.22M CN¥856.43M CN¥237.76M CN¥201.68M
Tax CN¥89.94M CN¥66.66M CN¥297.81M CN¥106.05M CN¥67.47M
Earnings from Equity Interest Net of Tax CN¥54.92M -CN¥65.34M -CN¥1.40M -CN¥121.71M CN¥84.65M
Net Profit CN¥236.86M CN¥123.21M CN¥557.22M CN¥10.00M CN¥218.86M
Profit from Continuing Operations CN¥236.86M CN¥123.21M CN¥557.22M CN¥10.00M CN¥218.86M
Minority Interests CN¥4.68M -CN¥1.50M -CN¥1.64M -CN¥2.82M CN¥366,000.00
Net Income to Parent Company CN¥232.18M CN¥124.72M CN¥558.86M CN¥12.82M CN¥218.49M
Net Income to Common Stockholders CN¥232.18M CN¥124.72M CN¥558.86M CN¥12.82M CN¥218.49M
Basic EPS CN¥3.39 CN¥1.81 CN¥8.00 CN¥0.19 CN¥3.14
Diluted EPS CN¥3.36 CN¥1.79 CN¥7.95 CN¥0.19 CN¥3.11
Dividend Per Share CN¥0.00 CN¥0.00 CN¥4.15 CN¥0.00 CN¥0.00

Balance sheet

Line item 2026 Q2
(CNY)		 2026 Q1
(CNY)		 2025 ANNUAL
(CNY)		 2025 Q4
(CNY)		 2025 Q3
(CNY)
Total Assets CN¥11.64B CN¥11.61B CN¥11.74B CN¥11.74B CN¥11.55B
Total Current Assets CN¥6.58B CN¥6.46B CN¥6.36B CN¥6.36B CN¥6.38B
Cash and Cash Equivalents & Short-Term Investments CN¥5.03B CN¥5.11B CN¥5.02B CN¥5.02B CN¥4.99B
-Cash and Cash Equivalents CN¥4.32B CN¥4.28B CN¥4.36B CN¥4.36B CN¥3.84B
-Short Term Investments CN¥711.70M CN¥833.75M CN¥657.56M CN¥657.56M CN¥1.16B
Receivables CN¥1.28B CN¥1.13B CN¥1.13B CN¥1.13B CN¥1.04B
-Accounts Receivable CN¥323.54M CN¥334.69M CN¥420.13M CN¥420.13M CN¥358.14M
-Loans Receivable CN¥133.51M CN¥111.69M CN¥112.42M CN¥112.42M CN¥117.60M
-Due from Related Parties Current CN¥826.17M CN¥680.95M CN¥596.80M CN¥596.80M CN¥568.98M
Restricted Cash CN¥10.18M CN¥11.25M CN¥11.14M CN¥11.14M CN¥6.07M
Other Current Assets CN¥248.49M CN¥211.82M CN¥201.57M CN¥201.57M CN¥330.70M
Total Non-Current Assets CN¥5.06B CN¥5.15B CN¥5.38B CN¥5.38B CN¥5.17B
Net PPE CN¥2.40B CN¥2.42B CN¥2.46B CN¥2.46B CN¥2.48B
-Gross PPE CN¥3.24B CN¥2.42B CN¥3.23B CN¥3.23B CN¥2.48B
-Accumulated Depreciation -CN¥840.81M – -CN¥773.24M -CN¥773.24M –
Investments and Advances CN¥2.21B CN¥2.30B CN¥2.50B CN¥2.50B CN¥2.26B
-Available for Sale Securities CN¥815.14M – CN¥816.21M CN¥816.21M –
-Held to Maturity Securities CN¥236.49M – CN¥355.80M CN¥355.80M –
-Long Term Equity Investment CN¥1.16B CN¥1.14B CN¥1.33B CN¥1.33B CN¥1.47B
Non-Current Deferred Assets CN¥315.33M CN¥310.05M CN¥310.29M CN¥310.29M CN¥317.01M
Other Non-Current Assets CN¥138.86M CN¥115.57M CN¥112.49M CN¥112.49M CN¥120.67M
Total Liabilities CN¥2.15B CN¥1.68B CN¥1.76B CN¥1.76B CN¥1.65B
Total Current Liabilities CN¥1.82B CN¥1.36B CN¥1.43B CN¥1.43B CN¥1.34B
Payables CN¥912.09M CN¥146.67M CN¥336.71M CN¥336.71M CN¥117.03M
-Accounts Payable CN¥126.71M – CN¥126.19M CN¥126.19M –
-Total Tax Payable CN¥130.73M CN¥146.67M CN¥175.16M CN¥175.16M CN¥117.03M
-Dividends Payable CN¥612.00M – – – CN¥0.00
-Other Payable CN¥42.66M – CN¥35.36M CN¥35.36M –
Current Accrued Expenses CN¥307.17M CN¥404.48M CN¥453.37M CN¥453.37M CN¥346.23M
Short-Term Debt and Capital Lease Obligation CN¥44.39M – CN¥39.19M CN¥39.19M –
-Current Capital Lease Obligation CN¥44.39M – CN¥39.19M CN¥39.19M –
Current Deferred Liabilities CN¥93.00M CN¥58.96M CN¥79.73M CN¥79.73M CN¥72.21M
Other Current Liabilities CN¥467.49M CN¥749.78M CN¥518.21M CN¥518.21M CN¥802.13M
Total Non-Current Liabilities CN¥323.81M CN¥321.06M CN¥330.77M CN¥330.77M CN¥309.70M
Long Term Debt and Capital Lease Obligation CN¥51.02M CN¥52.48M CN¥60.34M CN¥60.34M CN¥59.63M
-Long Term Capital Lease Obligation CN¥51.02M CN¥52.48M CN¥60.34M CN¥60.34M CN¥59.63M
Non-Current Deferred Liabilities CN¥259.68M CN¥261.65M CN¥263.61M CN¥263.61M CN¥240.36M
Other Non-Current Liabilities CN¥13.11M CN¥6.94M CN¥6.82M CN¥6.82M CN¥9.70M
Total Equity CN¥9.49B CN¥9.93B CN¥9.98B CN¥9.98B CN¥9.90B
Stockholders' Equity CN¥9.33B CN¥9.77B CN¥9.83B CN¥9.83B CN¥9.83B
Capital Stock CN¥115,000.00 – CN¥113,000.00 CN¥113,000.00 –
-Common Stock CN¥115,000.00 – CN¥113,000.00 CN¥113,000.00 –
Additional Paid-In Capital CN¥3.99B – CN¥3.97B CN¥3.97B –
Retained Earnings CN¥5.56B – CN¥5.82B CN¥5.82B –
Less: Treasury Stock CN¥144.98M – CN¥4.10M CN¥4.10M –
Gains/Losses Not Affecting Retained Earnings -CN¥76.25M – CN¥41.75M CN¥41.75M –
Minority Interests CN¥158.75M – CN¥156.11M CN¥156.11M –

Cash flow

Line item 2025 ANNUAL
(CNY)		 2024 ANNUAL
(CNY)		 2023 ANNUAL
(CNY)		 2022 ANNUAL
(CNY)		 2022 Q1
(CNY)
Operating Cash Flow CN¥976.61M CN¥387.34M CN¥1.32B CN¥632.90M CN¥501.18M
Net cash flow from continuing operations CN¥976.61M CN¥387.34M CN¥1.32B CN¥632.90M CN¥501.18M
Net Income from Continuing Operations CN¥557.22M CN¥487.00M CN¥1.00B CN¥971.59M CN¥304.21M
Gain/Loss from Continuing Operations CN¥65.48M CN¥166.18M -CN¥6.21M -CN¥22.04M -CN¥5.51M
Depreciation & Depletion & Amortization CN¥156.90M CN¥156.68M CN¥158.08M CN¥155.97M CN¥40.36M
Other Non-Cash Items CN¥43.15M CN¥45.73M CN¥78.21M CN¥95.28M CN¥23.18M
Change in Working Capital CN¥11.10M -CN¥594.36M CN¥26.26M -CN¥509.78M CN¥169.78M
-Change in Receivables -CN¥28.13M -CN¥146.68M CN¥94.63M CN¥302.66M CN¥331.78M
-Change in Payables and Accrued Expense CN¥78.45M -CN¥177.17M -CN¥142.06M -CN¥341.01M -CN¥19.54M
-Change in Other Current Assets CN¥32.31M -CN¥67.86M CN¥35.00M -CN¥176.25M CN¥6.40M
-Change in Other Current Liabilities -CN¥32.90M -CN¥240.04M CN¥94.47M -CN¥120.08M -CN¥141.08M
-Change In Other Working Capital -CN¥38.63M CN¥37.38M -CN¥55.77M -CN¥175.10M -CN¥7.78M
Net cash flow from investing CN¥299.45M -CN¥840.82M -CN¥247.14M CN¥74.29M CN¥9.34M
Net Cash Flow from Continuing Investing Activities CN¥299.45M -CN¥840.82M -CN¥247.14M CN¥74.29M CN¥9.34M
Net PPE Purchase and Sale -CN¥134.14M -CN¥82.18M -CN¥157.92M -CN¥62.71M -CN¥4.13M
Net Business Purchase and Sale -CN¥64.18M CN¥12.33M -CN¥14.74M -CN¥8.08M -CN¥23.42M
Net Investment Purchase and Sale CN¥500.87M -CN¥966.61M -CN¥234.98M -CN¥18.19M CN¥10.85M
Net Other Investing Changes -CN¥3.10M CN¥195.63M CN¥160.50M CN¥163.27M CN¥26.05M
Financing Cash Flow -CN¥635.55M -CN¥1.13B -CN¥199.84M CN¥233.76M -CN¥12.06M
Net Cash Flow from Continuing Financing Activities -CN¥635.55M -CN¥1.13B -CN¥199.84M CN¥233.76M -CN¥12.06M
Net Common Stock Issuance -CN¥52.30M -CN¥53.35M CN¥0.00 CN¥247.02M CN¥694,000.00
Cash Dividends Paid -CN¥546.77M -CN¥1.01B -CN¥177.50M CN¥0.00 –
Proceeds from Stock Option Exercised CN¥0.00 CN¥0.00 CN¥3,000.00 CN¥1.49M –
Net Other Financing Charges -CN¥36.48M -CN¥73.01M -CN¥22.34M -CN¥14.75M -CN¥12.75M
Ending Cash Balance CN¥4.38B CN¥3.84B CN¥5.35B CN¥4.43B CN¥3.91B
Net Change in Cash CN¥640.52M -CN¥1.59B CN¥871.34M CN¥940.95M CN¥498.47M
Beginning Cash Balance CN¥3.84B CN¥5.35B CN¥4.43B CN¥3.41B CN¥3.41B
Effect of Exchange Rate Changes -CN¥99.49M CN¥72.16M CN¥48.10M CN¥81.05M -CN¥3.18M
Free Cash Flow CN¥842.47M CN¥305.16M CN¥1.16B CN¥570.19M CN¥497.05M
Deferred Tax – – – – -CN¥1.29M

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