The call highlighted significant growth in overseas investment products and effective cost management, leading to increased non-GAAP net income and operating profit. However, challenges remain with a decline in total and domestic net revenues and competitive pressures in the Hong Kong insurance market. The overall sentiment is balanced with notable achievements in overseas markets offset by domestic challenges.

Company Guidance -

Q2 2025

In the Noah First Quarter 2025 Earnings Conference Call, the company provided several financial metrics and guidance for the upcoming periods. Non-GAAP net income for Q1 was RMB 169 million, representing a 4.7% increase from the same period last year and a 27.4% sequential increase, largely due to an 18.8% reduction in operating costs and expenses. Transaction value for renminbi-denominated private secondary products grew 2.6 times from last year, with revenue contribution increasing by 9.4%. Meanwhile, overseas private investment products saw a 27.7% increase in transaction value, with revenue growing by 20.3%. However, total net revenue fell by 5.4% year-over-year, mainly due to a 22.8% decline in revenue from overseas insurance products. The company reported that overseas net revenues were RMB 304 million, making up 49.5% of total revenue, with overseas AUM increasing by 14.2% to USD 5.9 billion. Noah plans to continue expanding its overseas presence, including growing the team of relationship managers and insurance agents, especially in regions like Singapore, the U.S., Japan, and Canada. The company also highlighted its strategic initiatives, including expanding into new markets, investing in AI technologies, and focusing on product diversification to better compete in a volatile market landscape.

Growth in Overseas Private Investment Products

Transaction value for overseas private investment products increased 27.7%, with revenue contribution growing 20.3%.

Increase in Non-GAAP Net Income

Non-GAAP net income in the first quarter was RMB 169 million, up 4.7% from the same period last year and 27.4% sequentially.

Successful Cost Management

Operating costs and expenses dropped by 18.8% from last year, contributing to a 53.1% year-over-year and 35.2% sequential increase in operating profit to RMB 186 million.

Significant Growth in Overseas AUM

Overseas AUM grew by 14.2% year-over-year to USD 5.9 billion, making up 29% of total AUM, up from 24% during the same period last year.

Expansion of Overseas Client Base

The number of registered overseas clients increased by 15.8% to over 18,200, with active overseas clients up 23.3% compared to the same period last year.

Noah Holdings (NOAH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NOAH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 27, 2025	2025 (Q2)	- / -	0.21	―	―	―
May 28, 2025	2025 (Q1)	- / 0.33	0.322	3.46% (+0.01)	―
Mar 25, 2025	2024 (Q4)	- / 0.26	0.468	-44.35% (-0.21)	―
Nov 26, 2024	2024 (Q3)	- / 0.30	0.466	-36.12% (-0.17)	―
Aug 28, 2024	2024 (Q2)	- / 0.21	0.628	-66.52% (-0.42)	―
May 29, 2024	2024 (Q1)	- / 0.32	0.48	-33.04% (-0.16)	―
Mar 26, 2024	2023 (Q4)	- / 0.47	0.298	57.01% (+0.17)	―
Nov 29, 2023	2023 (Q3)	- / 0.47	0.384	21.38% (+0.08)	―
Aug 28, 2023	2023 (Q2)	- / 0.63	0.735	-14.58% (-0.11)	―
May 30, 2023	2023 (Q1)	- / 0.48	0.647	-25.81% (-0.17)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NOAH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 28, 2025	$9.09	$9.80	+7.81%
Mar 25, 2025	$10.26	$9.55	-6.92%
Nov 26, 2024	$10.65	$11.65	+9.39%
Aug 28, 2024	$6.67	$7.65	+14.69%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Noah Holdings Ltd (NOAH) report earnings?

Noah Holdings Ltd (NOAH) is schdueled to report earning on Aug 27, 2025, After Close (Confirmed).

What is Noah Holdings Ltd (NOAH) earnings time?

Noah Holdings Ltd (NOAH) earnings time is at Aug 27, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is NOAH EPS forecast?

Currently, no data Available

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