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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 Cash Flow Statement

Millions CNY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
558.86475.451,009976.571,314
Depreciation & Amortization
156.9156.68158.08155.97146.57
Loss (Gain) From Sale of Assets
2.225.1823.491.18-6.06
Loss (Gain) From Sale of Investments
26.11-6.8163.97-89.51-59.94
Loss (Gain) on Equity Investments
34.85160.61-19.34-33.71-206.22
Stock-Based Compensation
66.88109.0311.5342.370.95
Provision & Write-off of Bad Debts
52.2323.88-7.03-0.42112.96
Other Operating Activities
67.4757.6851.8690.377.65
Change in Accounts Receivable
40.4222.940.26304.7-363
Change in Unearned Revenue
-17.86-0.574.864.34-7.98
Change in Income Taxes
83.62-25.8-37.15-63.4149.48
Change in Other Net Operating Assets
-116.75-630.81-83.29-477.63527.72
Operating Cash Flow
976.61387.341,318632.91,522
Operating Cash Flow Growth
152.13%-70.62%108.30%-58.41%91.10%

Investing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-134.14-82.18-157.92-62.71-2,271
Sale of Property, Plant & Equipment
----38.85
Cash Acquisitions
-50.08--24.98--27.96
Investment in Securities
486.77-954.28-224.74-26.2720.16
Other Investing Activities
-29.4162.16-42.7214.93-10.53
Investing Cash Flow
299.45-840.82-247.1474.29-2,572

Financing Activities

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Issuance of Common Stock
--0248.5111.11
Repurchase of Common Stock
-54.12-60.7---372.38
Common Dividends Paid
-546.77-1,008-177.5--
Other Financing Activities
-34.65-65.66-22.34-14.75-151.86
Financing Cash Flow
-635.55-1,134-199.84233.76-513.12

Net Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-99.4972.1648.181.05-46.71
Net Cash Flow
541.03-1,516919.441,022-1,610

Free Cash Flow

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
842.47305.161,160570.19-749.38
Free Cash Flow Growth
176.07%-73.70%103.51%--
Free Cash Flow Margin
32.27%11.73%35.22%18.39%-17.46%
Free Cash Flow Per Share
11.974.3316.708.34-11.09
Levered Free Cash Flow
625.94475.72580.22867.21-1,330
Unlevered Free Cash Flow
625.94475.72580.22867.21-1,330

Additional Metrics

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
187.46203.67285.51407.49364.12
Change in Working Capital
11.1-594.3626.26-509.7871.81