Noah Holdings Limited (NOAH)

Noah Holdings Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,141	3,295	3,100	4,293	3,306	3,392
Revenue Growth (YoY)	1.05%	6.27%	-27.78%	29.86%	-2.54%	3.11%
Cost of Revenue	1,475	1,457	1,442	2,169	1,504	1,611
Gross Profit	1,665	1,838	1,658	2,124	1,802	1,781
Selling, General & Admin	752.58	761.51	584.33	820.45	549.57	627.84
Other Operating Expenses	-20.75	-14.45	-13.87	-8.1	-14.32	238.24
Operating Expenses	731.84	747.06	570.47	812.36	535.26	866.08
Operating Income	933.49	1,091	1,088	1,312	1,267	914.97
Interest Expense / Income	0	0	0	0	0	0.43
Other Expense / Income	-198.75	-180.97	-155.65	-296.21	1,753	-134.64
Pretax Income	1,132	1,272	1,244	1,608	-486.77	1,049
Income Tax	235.47	262.36	267.11	293.94	258.46	220.03
Net Income	896.78	1,009	976.57	1,314	-745.23	829.15
Net Income Growth	-2.05%	3.37%	-25.69%	-	-	2.20%
Shares Outstanding (Basic)	328	347	342	336	310	306
Shares Outstanding (Diluted)	-	347	342	338	310	309
Shares Change	2.69%	1.59%	1.23%	8.90%	0.31%	0.70%
EPS (Basic)	-	14.55	14.30	19.55	-12.01	13.56
EPS (Diluted)	-	14.55	14.30	19.45	-12.01	13.42
EPS Growth	-	1.75%	-26.48%	-	-	0.64%
Free Cash Flow	-	1,160	570.19	-710.53	744.74	1,223
Free Cash Flow Per Share	-	16.70	8.34	-10.58	12.00	20.00
Dividend Per Share	0.400	0.400	-	-	-	-
Gross Margin	53.02%	55.78%	53.49%	49.48%	54.50%	52.51%
Operating Margin	29.72%	33.11%	35.09%	30.56%	38.31%	26.98%
Profit Margin	28.55%	30.64%	31.50%	30.61%	-22.54%	24.45%
Free Cash Flow Margin	-	35.22%	18.39%	-16.55%	22.53%	36.05%
Effective Tax Rate	20.80%	20.63%	21.48%	18.28%	-	20.97%
EBITDA	-	1,508	1,495	1,840	-303.57	1,240
EBITDA Margin	-	45.78%	48.22%	42.87%	-9.18%	36.57%
Depreciation & Amortization	-	236.29	251.25	232.26	183.2	190.85
EBIT	1,132	1,272	1,244	1,608	-486.77	1,050
EBIT Margin	36.05%	38.60%	40.11%	37.46%	-14.72%	30.95%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).