Noah Holdings Limited (HKG:6686)
Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
14.58
+0.97 (7.13%)
Aug 4, 2026, 11:38 AM HKT

Noah Holdings Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,6212,6102,6013,2953,1004,293
Revenue Growth
2.16%0.36%-21.05%6.27%-27.78%29.86%
Gross Profit
1,4421,3941,2521,8381,6582,124
Operating Income
827.09776.66633.891,0981,0881,199
Net Income
534.61558.86475.451,009976.571,314
Earnings Per Share
7.657.956.7514.5314.2919.45
EPS Growth
10.04%17.78%-53.55%1.67%-26.52%-

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024
Period EndingMar '26 Dec '25 Dec '24
Domestic Public Securities
646.86566.49488.75
Domestic Asset Management
700.02692.47772.11
Overseas Wealth Management
489.53547.54674.7
Overseas Asset Management
533.63553.94438.51
Domestic Insurance
13.5718.6542.87
Overseas Insurance and Comprehensive Services
186.17178.79138.87
Headquarters
51.6252.3745.18
Total
2,6212,6102,601

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5,1145,0185,0975,5724,7203,497
Total Debt
52.48103.37135.99327.06177.99233.08
Net Cash (Debt)
5,0624,9154,9615,2454,5423,264
Net Cash Growth
-4.98%-0.92%-5.41%15.47%39.14%-32.21%
Net Cash Per Share
72.1169.8270.4075.4866.4148.31

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-976.61387.341,318632.91,522
Capital Expenditures
--134.14-82.18-157.92-62.71-2,271
Free Cash Flow
-842.47305.161,160570.19-749.38
Free Cash Flow Growth
-176.07%-73.70%103.51%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
55.01%53.39%48.12%55.78%53.49%49.48%
Operating Margin
31.55%29.75%24.37%33.32%35.11%27.93%
Pretax Margin
31.83%32.76%29.05%38.35%39.95%37.27%
Profit Margin
20.39%21.41%18.28%30.64%31.50%30.61%
FCF Margin
-32.27%11.73%35.22%18.39%-17.46%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22
Dividend Per Share
2.0544.6654.1407.7502.750
Dividend Per Share Growth
12.86%12.68%-46.58%181.82%-
Dividend Yield
13.71%33.97%28.39%66.46%20.70%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
7.518.3811.896.366.996.67
P/FCF Ratio
4.665.5618.525.5411.98-
PS Ratio
1.531.792.171.952.202.04