Noah Holdings Limited Announces 2024 Annual Report Filing
Noah Holdings Limited, a prominent wealth management service provider, takes pride in announcing the filing of its annual report on Form 20-F with the U.S. Securities and Exchange Commission. This report reflects the company’s performance for the fiscal year ending December 31, 2024.
The File Date and Transparency
As per its commitment to transparency, Noah Holdings filed this essential document on April 24, 2025. This annual report details the company’s financial achievements and the strategic measures taken to ensure continued growth in the wealth management sector.
Investment Products and Financial Growth
In 2024, Noah Holdings distributed a remarkable RMB63.9 billion, equivalent to approximately US$8.8 billion worth of investment products. This substantial figure demonstrates Noah's effective strategy in addressing the investment needs of its clientele. The company's financial performance underlines its proficiency in managing investments, further solidified through its partnerships with Gopher Asset Management and Olive Asset Management.
Assets Under Management
By the end of 2024, Noah Holdings had amassed assets under management totaling RMB151.5 billion, approximately US$20.8 billion. This level of management not only showcases its capacity but also reflects the trust placed in Noah by its clients.
Client Trust and Network Expansion
Noah's clientele continues to grow, boasting 462,049 registered clients as of December 31, 2024. The company’s wealth management operations span major cities across mainland China and internationally, including notable financial hubs such as Hong Kong, New York, Silicon Valley, Singapore, and Los Angeles.
Product Distribution
The company primarily provides private equity, public securities, and insurance products denominated in various currencies, including RMB. This diverse offering allows Noah to cater to the unique investment preferences of its Mandarin-speaking high-net-worth clients.
Investor Relations
The company places a high priority on maintaining robust relations with its investors. In this vein, Noah Holdings provides upon request, hard copies of its complete audited financial statements at no additional cost, ensuring that all shareholders have access to the information they need.
About Noah Holdings Limited
Founded with a commitment to deliver exceptional management services, Noah Holdings Limited stands out as a leading provider in the wealth management industry, facilitating comprehensive advisory services on global investment and asset allocation. The company's American depositary shares are traded on the New York Stock Exchange under the symbol "NOAH", while its shares are also available on the Hong Kong Stock Exchange with the stock code "6686".
Frequently Asked Questions
What filing did Noah Holdings Limited submit recently?
Noah Holdings Limited filed its annual report on Form 20-F for 2024 with the U.S. Securities and Exchange Commission.
What was the total investment distributed in 2024?
The company distributed RMB63.9 billion, or US$8.8 billion, in investment products during 2024.
What is the total assets managed by Noah Holdings?
As of December 31, 2024, Noah Holdings managed RMB151.5 billion, approximately US$20.8 billion in assets.
How many clients does Noah Holdings have?
As of the end of 2024, Noah Holdings had 462,049 registered clients.
Where can I access Noah Holdings’ investor information?
You can find Noah Holdings' investor information on its official website, where detailed reports and other resources are available.
