Noah Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,822	3,822	5,192	4,404	3,405	5,005
Short-Term Investments	1,602	1,275	379.46	315.98	92.8	114.93
Cash & Short-Term Investments	5,424	5,097	5,572	4,720	3,497	5,120
Cash Growth	-7.95%	-8.52%	18.05%	34.95%	-31.69%	1.22%
Restricted Cash and Segregated Assets	10.62	8.7	154.43	23.2	0.51	9.99
Accounts Receivable	403.23	473.49	503.98	498.11	808.03	434.46
Other Receivables	591.98	499.52	393.89	443.42	451.39	520.18
Other Current Assets	346.33	396.07	493.17	632.52	759.48	618.39
Total Current Assets	6,776	6,475	7,117	6,317	5,517	6,703
Net Property, Plant & Equipment	2,456	2,503	2,621	2,655	2,805	522.82
Long-Term Investments	2,075	2,344	2,337	2,266	2,071	1,801
Other Long-Term Assets	437.13	456.5	610.08	560.57	497.74	372.53
Total Assets	11,745	11,779	12,685	11,798	10,890	9,400
Accrued Expenses	380.11	476.62	653.79	795.8	1,137	846.4
Unearned Revenue	62.1	72.26	72.82	67.97	63.63	71.61
Other Current Liabilities	1,319	880.4	1,165	1,041	1,083	963.08
Total Current Liabilities	1,762	1,429	1,891	1,905	2,283	1,881
Long-Term Leases	69.6	75.73	76.53	83.17	130.96	194.38
Other Long-Term Liabilities	252.01	261.1	290.06	309.53	334.15	46.74
Total Long-Term Liabilities	321.61	336.83	366.6	392.7	465.11	241.12
Total Liabilities	2,083	1,766	2,258	2,298	2,748	2,122
Common Stock	0.11	0.11	0.11	0.11	0.1	0.1
Treasury Stock	-101.54	-53.35	-	-	-541.38	-290.91
Additional Paid-in Capital	3,944	3,908	3,799	3,803	3,535	3,566
Accumulated Other Comprehensive Income	99.73	186.55	74.62	-2.55	-140.01	-79.11
Retained Earnings	5,682	5,905	6,437	5,605	5,187	3,990
Total Common Shareholders' Equity	9,625	9,946	10,310	9,406	8,041	7,186
Minority Interest	37.16	66.89	117.23	94.78	100.87	91.86
Shareholders' Equity	9,662	10,013	10,428	9,500	8,142	7,277
Total Liabilities & Equity	11,745	11,779	12,685	11,798	10,890	9,400
Total Debt	69.6	75.73	76.53	83.17	130.96	194.38
Net Cash (Debt)	5,355	5,021	5,495	4,637	3,366	4,926
Net Cash Growth	6.64%	-8.62%	18.51%	37.73%	-31.66%	4.90%
Net Cash Per Share	75.93	71.25	79.08	67.79	49.83	0.16
Book Value	9,625	9,946	10,310	9,406	8,041	7,186
Book Value Per Share	136.48	141.14	148.38	137.52	119.01	0.23
Tangible Book Value	9,625	9,946	10,310	9,406	8,041	7,186
Tangible Book Value Per Share	136.48	141.14	148.38	137.52	119.01	0.23

Updated Jun 30, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.