Noah Holdings Ltd ( (NOAH) ) has released its Q3 earnings. Here is a breakdown of the information Noah Holdings Ltd presented to its investors.
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Noah Holdings Limited is a prominent wealth management service provider specializing in comprehensive advisory services for global Chinese high-net-worth investors, focusing on global investment and asset allocation. The company operates primarily in the wealth management sector, offering a diverse range of investment products and services.
In its third quarter of 2025 financial results, Noah Holdings Limited reported a decline in net revenues by 7.4% compared to the previous year, attributed mainly to reduced revenues from one-time commissions and performance-based income. Despite this, the company achieved a significant increase in net income attributable to shareholders, rising by 62.6% year-over-year, driven by an increase in the fair value of investments in affiliates.
Key financial highlights include a net revenue of RMB632.9 million, a decrease in income from operations by 28.6%, and a notable rise in net income to RMB218.5 million. The wealth management business saw a 19.1% increase in the aggregate value of investment products distributed, with a significant rise in private secondary products. The number of active clients also grew by 35.5% year-over-year.
The company continues to expand its global presence, obtaining a U.S. broker-dealer license and integrating AI technology to enhance operational efficiency. The asset management business, conducted through Gopher Asset Management and Olive Asset Management, maintained stable assets under management at RMB143.5 billion.
Looking forward, Noah Holdings remains focused on executing its strategic initiatives with discipline, aiming for sustainable growth and value creation for shareholders while navigating market conditions with prudence.

