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诺亚控股(06686)发布第二季度业绩,股东应占净收益1.79亿元 同比增长79% 投资产品分销强劲增长
智通财经网·2025-08-28 00:37

Core Viewpoint - Noah Holdings reported a steady performance in the wealth management sector, with significant growth in net income and shareholder earnings, reflecting the effectiveness of its strategic initiatives during a challenging economic environment [1][2]. Financial Performance - For the second quarter ending June 30, 2025, Noah Holdings achieved a net income of RMB 629.5 million, a year-on-year increase of 2.2% [1]. - Shareholder net income reached RMB 179 million, marking a substantial year-on-year increase of 79% [1]. - Basic earnings per American Depositary Share were RMB 2.56 [1]. - Compared to the first quarter of 2025, net income increased by 2.4%, primarily due to higher revenue from investment product distribution [1]. Wealth Management Business - Noah provides global investment products and value-added services to high-net-worth Chinese investors, distributing private equity products, private securities funds, public funds, and other products denominated in RMB, USD, and other currencies [1]. - As of June 30, 2025, the total number of registered clients was 464,600, reflecting a growth of 1.2% year-on-year and 0.3% quarter-on-quarter [1]. - The number of overseas registered clients reached 19,000, representing a year-on-year increase of 13.0% and a quarter-on-quarter increase of 4.2% [1]. Investment Product Distribution - The total value of investment products distributed in the second quarter of 2025 was RMB 17 billion (USD 2.4 billion), an increase of 17.7% compared to the second quarter of 2024, driven by a 44.4% increase in private securities fund distribution [2]. - Noah distributed overseas investment products worth RMB 8.3 billion (USD 1.2 billion), a 5.1% increase from the second quarter of 2024, mainly due to a 10.3% rise in private securities fund distribution [2]. Strategic Outlook - The co-founder and chairman of Noah Holdings, Wang Jingbo, emphasized the company's resilience in a challenging wealth management industry, highlighting a recovery in profitability and revenue [2]. - Operating income showed a robust year-on-year growth of 20.2%, while non-GAAP net profit surged by 78.2% [2]. - The company noted that overseas income now accounts for nearly 50% of total net income, reinforcing the effectiveness of its global expansion strategy [2]. - Noah Holdings aims to continue executing its strategy for sustainable long-term growth while cautiously observing market conditions to provide stable returns to shareholders [2].