Noah Holdings ( (NOAH) ) just unveiled an announcement.
Noah Holdings announced its annual results for the year ended December 31, 2024, highlighting a challenging year with a 21% decline in revenue due to a slowdown in insurance product distribution and increased tax expenses. Despite these setbacks, the company remains profitable and is focusing on long-term growth by strengthening its compliance framework and expanding its global reach. The company is capitalizing on the growing demand from Chinese immigrants overseas, with a 30.7% increase in the transaction value of overseas products and an 18.3% growth in assets under management for these products. This strategic shift aims to leverage Noah’s expertise and network to engage with a broader global client base, positioning the company for sustainable growth.
More about Noah Holdings
Noah Holdings Limited is a private wealth and asset management company, primarily focused on serving high-net-worth individuals (HNWIs) in China and globally. The company offers a range of financial products and services, including alternative investments, with a significant emphasis on compliance and adapting to regulatory changes. Noah Holdings is expanding its global infrastructure to cater to the needs of Chinese HNWIs worldwide.
YTD Price Performance: 0.62%
Average Trading Volume: 89,334
Technical Sentiment Signal: Hold
Current Market Cap: $812.5M
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