香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立，並 以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686） 內幕消息 截至2023年12月31日止年度 全年業績公告 本公告乃根據《香港上市規則》第13.09條及《證券及期貨條例》第XIVA部的內幕消 息條文刊發。 本公司欣然宣佈，本公司截至2023年12月31日止年度的經審核綜合全年業績，連 同2022年同期的比較數字。該等全年業績乃根據美國公認會計準則編製（有別於 國際財務報告準則），並已由審核委員會審閱。 於本公告內，「諾亞」、「我們」及「我們的」指本公司，並在文義另有所指時指本集 團。本公告所載若干數額及百分比數字已經四捨五入調整或以四捨五入取至小數 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立，並 以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686) 內幕消息 2023年第四季度及財政年度財務業績公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》（「香港上市規則」）第 13.09條及香港法例第571章《證券及期貨條例》第XIVA部項下內幕消息條文刊發。 諾亞控股私人財富資產管理有限公司（「本公司」）欣然宣佈，根據美國（「美國」） 證券交易委員會的適用規則刊發截至2023年12月31日止三個月的未經審計財務業 績及截至2023年12月31日止全年的財務業績（「第四季度及財政年度業績」）。 第四季度及財政年度業績乃根據美國公認會計準則（「美國公 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立，並 以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686） 2023年第三季度未經審核財務業績公告 我們謹此宣佈截至2023年9月30日止第三季度的未經審核財務業績（「2023年第三季 度業績公告」）。2023年第三季度業績公告可在香港聯交所網站(www.hkexnews.hk) 及我們的網站(ir.noahgroup.com)查閱。 承董事會命 諾亞控股私人財富資產管理有限公司 董事長 汪靜波 香港，2023年11月30日 於本公告日期，董事會包括董事長汪靜波女士及董事殷哲先生；非執行董事章嘉 玉女士、王愷先生及何伯權先生；以及獨立董事陳志武博士、孟晉紅女 ...

Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 Noah Holdings INTERIM REPORT 中期報告 2023 諾亞控股私人財富資產管理有限公司 Noah Holdings Private Wealth and Asset Management Limited (於開曼群島以諾亞控股有限公司名義以有限責任註冊成立， 並以諾亞控股私人財富資產管理有限公司於香港經營業務) 股份代號: 6686 2023 中期報告 | --- | --- | --- | --- | --- | --- | |-------|-------|--------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | 目錄 | | | | | | | | | | | | | 2 | 公司資料 | | | | | | 4 | 財務概要 | | | | | | 6 | 主要摘要 | | | | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立，並 以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686) (1)截至2023年6月30日止六個月中期業績公告；及 (2)董事變更及董事會委員會組成變更 董事會欣然宣佈，本公司截至2023年6月30日止六個月的未經審核綜合中期業 績，連同2022年同期的比較數字。該等中期業績乃根據美國公認會計準則編製 （有別於國際財務報告準則），並已由審核委員會審閱。 於本公告內，「諾亞」、「我們」及「我們的」指本公司，並在文義另有所指時指本集 團。本公告所載若干數額及百分比數字已經四捨五入調整或以四捨五入取至小數 點後一位或兩位數。任何表格、圖表或其他地方所示總額與所列數 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立，並 以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686) 內幕消息 2023年第二季度未經審核財務業績公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》（「香港上市規則」）第 13.09條及第571章《證券及期貨條例》第XIVA部刊發。 諾亞控股私人財富資產管理有限公司（「本公司」）欣然宣佈，根據美國（「美國」） 證券交易委員會的適用規則刊發截至2023年6月30日止第二季度的未經審核財務 業績（「2023年第二季度業績」）。 2023年第二季度業績乃根據美國公認會計準則（「美國公認會計準則」）編製，該準 則有別於國際財務報告準則。 本文附表為本公司 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立，並 以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686） 2023年第一季度未經審核財務業績公告 我們謹此宣佈截至2023 年3 月3 1 日止第一季度的未經審核財務業績（「2023 年第一季度業績公告」）。2023 年第一季度業績公告可在香港聯交所網站 (www.hkexnews.hk)及我們的網站(ir.noahgroup.com)查閱。 承董事會命 諾亞控股私人財富資產管理有限公司 董事長 汪靜波 香港，2023年5月31日 於本公告日期，董事會包括董事長汪靜波女士、董事殷哲先生及章嘉玉女士；非 執行董事沈南鵬先生及何伯權先生；以及獨立董事陳志武博士 ...

Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 Noah Holdings Annual Report 年度報告 2022 諾亞控股私人財富資產管理有限公司 Noah Holdings Private Wealth and Asset Management Limited (於開曼群島以諾亞控股有限公司名義以有限責任註冊成立， 並以諾亞控股私人財富資產管理有限公司於香港經營業務) 股份代號: 6686 2022 年度報告 目錄 1 目錄 2 公司資料 4 五年財務概要 6 主要摘要 9 業務回顧及展望 20 董事會報告 46 企業管治 61 其他資料 75 獨立審計師報告 79 合併資產負債表 81 合併經營報表 12 管理層討論與分析 38 董事及高級管理層 83 合併綜合（損失）收益表 84 合併權益變動表 87 合併現金流量表 90 合併財務報表附註 185 釋義及縮寫詞 公司資料 董事 聯席公司秘書 董事 潘青先生 吳詠珊女士（FCG, HKFCG） 汪靜波女士（董事會主席兼行政總裁） 殷哲先生 授權 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立，並 以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686） 截至2022年12月31日止年度 全年業績公告 諾亞控股私人財富資產管理有限公司（「本公司」）董事會（「董事會」）欣然宣佈， 本公司截至2022年12月31日止年度（「報告期間」）的經審核綜合全年業績，連同 2021年同期的比較數字。該等全年業績乃根據美國公認會計準則（「美國公認會計 準則」）編製（有別於國際財務報告準則），並已由董事會審核委員會（「審核委員 會」）審閱。 於本公告內，「諾亞」、「我們」及「我們的」指本公司，並在文義另有所指時指本集 團。本公告所載若干數額及百分比數字已經四捨五入調整 ...

Financial Performance - Net revenue for Q4 2022 was RMB 882.1 million (USD 127.9 million), a decrease of 30.0% year-over-year, primarily due to reduced fundraising fee income and performance-based income from public market securities and overseas private equity products[4] - Operating income for Q4 2022 was RMB 219.7 million (USD 31.9 million), an increase of 66.1% year-over-year, driven by a credit loss of RMB 85.6 million in Q4 2021[5] - Net income attributable to Noah shareholders for Q4 2022 was RMB 139.9 million (USD 20.3 million), a decrease of 50.3% year-over-year, mainly due to a 30.0% decline in net revenue and provisions for contingent litigation expenses[6] - Non-GAAP net income attributable to Noah shareholders for Q4 2022 was RMB 149.2 million (USD 21.6 million), a decrease of 48.5% year-over-year[7] - Full-year 2022 net revenue was RMB 3,100.4 million (USD 449.5 million), a decrease of 27.8% year-over-year, primarily due to reduced fundraising fee income and performance-based income[8] - Full-year 2022 operating income was RMB 1,088.4 million (USD 157.8 million), a decrease of 9.2% year-over-year[9] - Net income attributable to Noah shareholders for full-year 2022 was RMB 976.6 million (USD 141.6 million), a decrease of 25.7% year-over-year, due to market volatility reducing net revenue and investment income from affiliates[10] - Net income for Q4 2022 increased by 28.9% quarter-over-quarter, supported by a 169.4% increase in fundraising fee income and a 191.1% increase in performance fee income[18] - Net revenue for Q4 2022 was RMB 882.1 million (USD 127.9 million), a decrease of 30.0% YoY, primarily due to a decline in fundraising fees and performance-based income[19] - Wealth management business net revenue from fundraising fees decreased by 43.6% YoY to RMB 266.1 million (USD 38.6 million) in Q4 2022, driven by reduced insurance product distribution[19] - Asset management business net revenue from management fees increased by 8.9% YoY to RMB 153.6 million (USD 22.3 million) in Q4 2022, due to increased private equity investments managed by Gopher[19] - Operating costs and expenses decreased by 41.3% YoY to RMB 662.3 million (USD 96.0 million) in Q4 2022, mainly due to reduced compensation and benefits, and general administrative expenses[19] - Operating profit margin for Q4 2022 was 24.9%, up from 10.5% in Q4 2021, driven by cost control measures[20] - Investment income for Q4 2022 was RMB 62.2 million (USD 9.0 million), a significant increase from RMB 3.5 million in Q4 2021, due to unrealized gains from fair value changes in equity investments[21] - Income tax expenses increased by 71.3% YoY to RMB 60.5 million (USD 8.8 million) in Q4 2022, primarily due to higher taxable income and accrued dividend tax[22] - Net income attributable to Noah shareholders decreased by 50.3% YoY to RMB 139.9 million (USD 20.3 million) in Q4 2022, with a net profit margin of 15.9%, down from 22.3% in Q4 2021[24] - Non-GAAP net income attributable to Noah shareholders was RMB 149.2 million (USD 21.6 million) in Q4 2022, a decrease of 48.5% YoY, with a net profit margin of 16.9%, down from 23.0% in Q4 2021[25] - Net income for 2022 was RMB 3,100.4 million (USD 449.5 million), a decrease of 27.8% compared to 2021, primarily due to declines in fundraising fees and performance-based income[26] - Wealth management business net income from fundraising fees decreased by 46.5% to RMB 628.6 million (USD 91.1 million) in 2022, mainly due to reduced distribution of insurance products[26] - Asset management business net income from management fees increased by 6.6% to RMB 678.3 million (USD 98.4 million) in 2022[26] - Operating profit margin for 2022 was 35.1%, up from 27.9% in 2021, driven by cost control measures[28] - Investment income for 2022 increased by 30.8% to RMB 85.6 million (USD 12.4 million), mainly due to unrealized gains from fair value changes in certain equity investments[29] - Net profit attributable to Noah shareholders in 2022 was RMB 976.6 million (USD 141.6 million), a decrease of 25.7% compared to 2021[31] - Total revenue decreased by 30.3% to RMB 886.4 million (USD 128.5 million) in Q4 2022 compared to RMB 1,272.4 million in Q4 2021[45] - Operating profit margin improved to 24.9% in Q4 2022, up from 10.5% in the same period in 2021[46] - Net profit margin declined to 15.9% in Q4 2022 from 21.7% in Q4 2021[46] - Total revenue decreased by 27.7% to RMB 3,128.9 million (USD 453.6 million) in 2022 compared to 2021[47] - Net income attributable to Noah shareholders declined by 25.7% to RMB 976.6 million (USD 141.6 million) in 2022[48] - Operating profit margin decreased to 27.9% in 2022 from 35.1% in 2021[48] - Total revenue for the three months ended December 31, 2022, was RMB 886.442 million, with net income of RMB 882.070 million[55] - Total revenue for the three months ended December 31, 2021, was RMB 1.272 billion, with net income of RMB 1.260 billion[56] - Total revenue for the twelve months ended December 31, 2022, was RMB 3.129 billion, with net income of RMB 3.100 billion[57] - Revenue from Gopher-managed funds for the three months ended December 31, 2022, was RMB 349.110 million[55] - Revenue from Gopher-managed funds for the three months ended December 31, 2021, was RMB 488.621 million[56] - Revenue from Gopher-managed funds for the twelve months ended December 31, 2022, was RMB 1.335 billion[57] - Operating income for the three months ended December 31, 2022, was RMB 219.738 million[55] - Operating income for the three months ended December 31, 2021, was RMB 132.288 million[56] - Operating income for the twelve months ended December 31, 2022, was RMB 1.088 billion[57] - Total operating costs and expenses for the twelve months ended December 31, 2022, were RMB 2.012 billion[57] - Total revenue for the twelve months ended December 31, 2021, was RMB 4,326,600 thousand, with wealth management contributing RMB 3,211,973 thousand and asset management contributing RMB 1,046,387 thousand[58] - Net income for the twelve months ended December 31, 2021, was RMB 4,293,094 thousand, after deducting VAT-related surcharges of RMB 33,506 thousand[58] - Total revenue for the three months ended December 31, 2022, was RMB 886,442 thousand, with mainland China contributing RMB 602,134 thousand and Hong Kong contributing RMB 237,087 thousand[59] - Total revenue for the twelve months ended December 31, 2022, was RMB 3,128,877 thousand, with mainland China contributing RMB 2,300,520 thousand and Hong Kong contributing RMB 591,936 thousand[61] - Net income attributable to Noah shareholders for the twelve months ended December 31, 2022, was RMB 976,571 thousand, a decrease of 25.7% compared to the previous year[64] - Adjusted net income attributable to Noah shareholders (non-GAAP) for the twelve months ended December 31, 2022, was RMB 1,008,592 thousand, a decrease of 26.5% compared to the previous year[64] - Noah's net profit margin attributable to shareholders for the twelve months ended December 31, 2022, was 30.6%, compared to 31.5% in the previous year[64] - Noah's non-GAAP net profit margin attributable to shareholders for the twelve months ended December 31, 2022, was 32.0%, compared to 32.5% in the previous year[64] - Noah's diluted earnings per ADS for the twelve months ended December 31, 2022, was RMB 14.28, a decrease of 26.6% compared to the previous year[64] - Noah's non-GAAP diluted earnings per ADS for the twelve months ended December 31, 2022, was RMB 14.75, a decrease of 27.4% compared to the previous year[64] Client and Product Metrics - Total registered clients as of December 31, 2022, were 437,288, an increase of 6.1% year-over-year and 0.9% compared to September 30, 2022[11] - Total active clients transacting with the company in Q4 2022 were 12,904, a decrease of 26.1% year-over-year and 43.0% compared to Q3 2022[12] - Total value of investment products distributed in Q4 2022 was RMB 18.0 billion (USD 2.6 billion), a decrease of 14.5% year-over-year, mainly due to reduced distribution of private securities fund products amid secondary market volatility[12] - Total value of distributed investment products in 2022 was RMB 70.3 billion (USD 10.2 billion), a decrease of 27.7% compared to 2021, primarily due to reduced distribution of private securities fund products[13] - The number of financial advisors as of December 31, 2022, was 1,276, an increase of 1.5% from September 30, 2022, but a decrease of 3.0% from December 31, 2021[15] - Total assets under management as of December 31, 2022, were RMB 157.1 billion (USD 22.8 billion), remaining relatively stable compared to RMB 156.2 billion as of September 30, 2022, and RMB 156.0 billion as of December 31, 2021[16] - Public fund products accounted for 61.4% of total products distributed in 2022, up from 38.2% in 2021[14] - Private securities fund products distribution decreased to 18.6% of total products in 2022, down from 38.9% in 2021[14] - The company's coverage network in mainland China included 75 cities as of December 31, 2022, down from 76 cities as of September 30, 2022, and 84 cities as of December 31, 2021[14] - Private equity investments accounted for 84.7% of total investments as of December 31, 2022, slightly down from 85.0% as of September 30, 2022[16] - Number of registered clients increased by 6.1% to 437,288 in 2022[51] - Number of financial planners decreased by 3.0% to 1,276 in 2022[51] - Active client numbers dropped by 26.1% to 12,904 in Q4 2022[52] - Total transaction value decreased by 14.5% to RMB 18,000 million in Q4 2022[52] - Public fund products transaction value increased by 19.4% to RMB 12,183 million in Q4 2022[52] - Total transaction value for the twelve months ended December 31, 2022 decreased by 27.7% to RMB 70,281 million[54] - Number of cities covered in mainland China decreased by 10.7% to 75 in 2022[51] Corporate Actions and Governance - The board approved an annual dividend of approximately RMB 176.5 million (USD 25.6 million), representing about 17.5% of the company's unaudited non-GAAP net income attributable to Noah shareholders for the year[18] - The company successfully completed the voluntary conversion to a dual primary listing in Hong Kong, significantly mitigating the risk of delisting of American Depositary Shares[18] - The CEO of Noah International Intelligence resigned effective March 15, 2023, with no disagreements with the company cited[36] - The earnings call will discuss unaudited Q4 2022 financial results and audited full-year 2022 financial results[37] - The company uses non-GAAP financial measures to supplement GAAP financial information[39] - The RMB to USD conversion rate used in the report is 6.8972 RMB to 1 USD, based on the Federal Reserve Board's H.10 statistical release on December 30, 2022[41] - The earnings call will be held on March 27, 2023, at 8:00 PM Eastern Time (March 28, 2023, at 8:00 AM Hong Kong Time)[38] - A replay of the earnings call will be available on the company's investor relations website until April 18, 2023[38] Balance Sheet and Cash Flow - Cash and cash equivalents as of December 31, 2022, were RMB 4,403.9 million (USD 638.5 million), up from RMB 3,404.6 million at the end of 2021[34] - Net cash inflow from operating activities for 2022 was RMB 632.9 million (USD 91.8 million), down from RMB 1,521.8 million in 2021, primarily due to lower net income[34] - The company has transferred all cash and cash equivalents previously held at Silicon Valley Bank (SVB) and faces no remaining risks from the SVB receivership process[35] - Total assets increased to RMB 11,798.1 million (USD 1,710.6 million) as of December 31, 2022, compared to RMB 11,446.3 million as of September 30, 2022[44] - Total liabilities increased to RMB 2,297.7 million (USD 333.1 million) as of December 31, 2022, compared to RMB 2,045.1 million as of September 30, 2022[44] - Cash and cash equivalents stood at RMB 4,403.9 million (USD 638.5 million) as of December 31, 2022[44] Investment and Fund Performance - Revenue from Gopher-managed funds decreased by 28.6% to RMB 349.1 million (USD 50.6 million) in Q4 2022 compared to RMB 488.6 million in Q4 2021[45] - Performance fee income from Gopher-managed funds decreased by 49.4% to RMB 66.8 million (USD 9.7 million) in Q4 2022 compared to RMB 132.0 million in Q4 2021[45] - Total operating costs and expenses decreased by 41.3% to RMB 662.3 million (USD 96.0 million) in Q4 2022 compared to RMB 1,127.8 million in Q4 2021[45] - Total revenue for the twelve months ended December 31, 2022, was RMB 3,128.9 million (USD 453.6 million), a decrease of 27.7% compared to 2021[47] - Net income attributable to Noah shareholders declined by 25.7% to RMB 976.6 million (USD 141.6 million) in 2022[48] - Operating profit margin decreased to 27.9% in 2022 from 35.1% in 2021[48] - Total revenue for the twelve months ended December 31, 2021, was RMB 4,326,600 thousand, with wealth management contributing RMB 3,211,973 thousand and asset management contributing RMB 1,046,387 thousand[58] - Net income for the twelve months ended December 31, 2021, was RMB 4,293,094 thousand, after deducting VAT-related surcharges of RMB 33,506 thousand[58] - Total revenue for the three months ended December 31, 2022, was RMB 886,442 thousand, with mainland China contributing RMB 602,134 thousand and Hong Kong contributing RMB 237,087 thousand[59] - Total revenue for the twelve months ended December 31, 2022, was RMB 3,128,877 thousand, with mainland China contributing RMB 2,300,520 thousand and Hong Kong contributing RMB 591,936 thousand[61]