Core Insights - Noah Holdings (NOAH) experienced a stock price increase of 2.72% on May 1, reaching $9.44 per share, with a total market capitalization of $627 million [1] - For the fiscal year ending December 31, 2024, Noah's total revenue was 2.601 billion RMB, a year-on-year decrease of 21.06%, while net profit attributable to shareholders was 475 million RMB, down 52.9% year-on-year [1] Company Overview - Noah Holdings is a leading wealth management service provider primarily catering to high-net-worth Chinese investors, offering comprehensive global investment and asset allocation consulting services [1][2] - As of March 31, 2024, Noah's total assets under management through its subsidiary, Gaofei Asset Management, reached 153.3 billion RMB (approximately $21.2 billion) [1] Business Operations - The wealth management business of Noah includes the distribution of private equity, private securities, public funds, and comprehensive services for wealth preservation and inheritance, denominated in RMB, USD, and other currencies [2] - Noah's service network spans major cities in mainland China, as well as Hong Kong, New York, Silicon Valley, Singapore, and Los Angeles, supported by 1,109 client managers [2] - The company has over 450,000 registered clients in its wealth management business as of March 31, 2024 [2]
诺亚财富上涨2.72%,报9.44美元/股,总市值6.27亿美元