Noah Q4 Earnings Call Highlights

Management emphasized that 2025 results reflected a deliberate shift in revenue sources, including a reduction in reliance on insurance-related revenue and an increase in investment-related income. The company said investment product commissions increased 79.7% year-over-year and performance-based income rose 78% during the year. Noah also said overseas revenue contribution increased to 49% of total net revenue.In the fourth quarter, revenue was RMB 733 million, up 12.5% year-over-year. Operating profit in ...