Noah Holdings reports Q4 EPS RMB1.87 vs RMB3.36 last year

Reports Q4 revenues were $89.3M an 18.5% decrease from the corresponding period in 2023 and a 4.6% decrease sequentially, mainly due to a decrease in distribution of insurance products. Non-GAAP net income attributable to Noah shareholders for the fourth quarter of 2024 was $18.1M a 43.3% decrease from the corresponding period in 2023 and a 12.0% decrease from the third quarter of 2024.