Noah Holdings Income Statement

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
Transaction-Based Revenues	2,601	2,621	3,318	3,129	4,327	3,325
Revenue	2,580	2,601	3,295	3,100	4,293	3,306
Revenue Growth (YoY)	-8.35%	-21.05%	6.27%	-27.78%	29.86%	-2.54%
Cost of Revenue	1,267	1,349	1,457	1,442	2,169	1,504
Gross Profit	1,313	1,252	1,838	1,658	2,124	1,802
Selling, General & Admin	539.57	565.79	761.51	584.33	820.45	549.57
Other Operating Expenses	60.79	134.57	246.49	245.6	336.74	220.48
Operating Income	725.42	633.89	1,098	1,088	1,199	1,258
Interest Income	137.79	93.89	154.57	236.12	439.27	81.21
Other Non-Operating Income (Expense)	26.54	27.81	10.89	-85.87	-38.15	-1,825
Total Non-Operating Income (Expense)	164.33	121.71	165.46	150.25	401.12	-1,744
Pretax Income	-22.4	-112.01	54.13	89.15	301.98	100.26
Provision for Income Taxes	309.94	268.59	262.36	267.11	293.94	258.46
Net Income	571.71	475.45	1,009	976.57	1,314	-745.23
Minority Interest in Earnings	6.47	11.56	-8.48	-4.98	-8.05	-1.7
Net Income to Common	571.71	475.45	1,009	976.57	1,314	-745.23
Net Income Growth	-16.06%	-52.90%	3.37%	-25.69%	-	-
Shares Outstanding (Basic)	70	70	69	68	67	31,020
Shares Outstanding (Diluted)	71	70	69	68	68	31,020
Shares Change (YoY)	0.73%	1.42%	1.59%	1.23%	-99.78%	501457.75%
EPS (Basic)	8.16	6.78	14.53	14.29	19.55	-0.02
EPS (Diluted)	8.11	6.75	14.53	14.28	19.45	-0.02
EPS Growth	-14.90%	-53.56%	1.75%	-26.59%	-	-
Free Cash Flow	704.69	305.16	1,160	570.19	-749.38	744.74
Free Cash Flow Growth	130.92%	-73.70%	103.51%	-	-	-39.10%
Free Cash Flow Per Share	9.99	4.33	16.70	8.34	-11.09	0.02
Dividends Per Share	4.140	4.140	7.750	2.750	-	-
Dividend Growth	-	-46.58%	181.82%	-	-	-
Gross Margin	50.89%	48.12%	55.78%	53.49%	49.48%	54.50%
Operating Margin	28.12%	24.37%	33.32%	35.11%	27.93%	38.07%
Profit Margin	22.48%	18.72%	30.38%	31.34%	30.42%	-22.49%
FCF Margin	27.32%	11.73%	35.22%	18.39%	-17.46%	22.53%
EBITDA	879.42	790.57	1,256	1,244	1,345	1,357
EBITDA Margin	34.09%	30.40%	38.12%	40.14%	31.34%	41.05%
EBIT	725.42	633.89	1,098	1,088	1,199	1,258
EBIT Margin	28.12%	24.37%	33.32%	35.11%	27.93%	38.07%
Effective Tax Rate	-1383.74%	-239.79%	484.70%	299.62%	97.34%	257.80%

Updated Aug 28, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q