NOAH
Noah Holdings LtdIncome-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CNY | 2.61B | 2.6B | 3.29B | 3.1B | 4.29B | 3.31B | 3.39B | 3.29B | 1.35B | 1.42B | 1.11B | 129.45M | 95.99M | 65.78M | 63.64M |
| — | — | — | — | — | — | — | — | — | — | — | — | $34.17M | $17.97M | $14.81M | |
| CNY | 305.59M | 296.75M | 275.73M | 235.32M | 383.32M | 277.88M | 296.49M | 279.39M | 248.88M | 234.49M | 170.93M | 24.61M | 36.15M | 19.84M | 13.56M |
| CNY | 156.9M | 156.68M | 158.08M | 155.97M | 146.57M | 98.45M | 105.43M | 92.28M | 81.96M | 61.32M | 34.42M | 3.64M | 2.47M | 1.81M | 1M |
| CNY | 1.83B | 1.97B | 2.2B | 2.01B | 3.09B | 2.05B | 2.48B | 2.36B | 2.05B | 1.85B | 1.56B | 158.19M | 103.2M | 60.85M | 47.06M |
| CNY | 776.66M | 633.89M | 1.1B | 1.09B | 1.2B | 1.26B | 914.97M | 926.52M | 777.03M | 667.29M | 558.78M | 89.68M | 60.57M | 25.85M | 25.1M |
| CNY | — | — | — | — | — | — | — | 69.84M | 45.02M | 39.54M | 39.7M | 6.31M | 3.3M | 2.45M | 1.95M |
| CNY | 79.76M | 233.72M | 111.33M | 61.1M | 99.14M | -1.84B | 53.01M | 85.07M | 91.78M | 66.26M | 76.06M | 7.86M | 7.54M | 5.43M | 6.67M |
| CNY | -1.4M | -112.01M | 54.13M | 89.15M | 301.98M | 100.26M | 115.81M | 14.47M | 92.14M | 22.34M | 21.35M | 2.2M | 1.19M | 617.36K | -21.35K |
| CNY | — | — | — | — | — | -115.1M | — | — | — | — | — | — | — | — | — |
| CNY | 856.43M | 867.61M | 1.21B | 1.15B | 1.3B | -585.32M | 967.98M | 1.01B | 868.81M | 733.55M | 634.83M | 97.54M | 68.11M | 31.27M | 31.77M |
| CNY | 297.81M | 268.59M | 262.36M | 267.11M | 293.94M | 258.46M | 220.03M | 222.32M | 199.09M | 158M | 129.89M | 24.53M | 16.26M | 8.98M | 7.78M |
| CNY | 558.86M | 475.45M | 1.01B | 976.57M | 1.31B | -745.23M | 829.15M | 811.3M | 762.92M | 643.83M | 535.82M | 72.41M | 51.44M | 22.83M | 23.97M |
| CNY | -1.64M | 11.56M | -8.48M | -4.98M | -8.05M | 1.7M | 34.61M | -7.55M | -13.75M | -40.6M | -9.52M | 2.81M | 1.6M | 82.71K | — |
| CNY | 558.86M | 475.45M | 1.01B | 976.57M | 1.31B | -745.23M | 829.15M | 811.3M | 762.92M | 643.83M | 535.82M | — | — | 22.83M | 23.97M |
| CNY | 414.06M | 587.38M | 1.09B | 1.11B | 1.25B | -921.39M | 890.01M | 885.71M | 981.78M | 660.15M | 541.42M | 68.24M | 55.67M | 24.16M | — |
| CNY/shares | 1.60 | 1.36 | 2.91 | 28.58 | 39.12 | -24.02 | 27.12 | 27.70 | 26.98 | 22.87 | 19.08 | 2.60 | 1.87 | 0.82 | 0.86 |
| CNY/shares | 1.59 | 1.35 | 2.91 | 28.56 | 38.90 | -24.02 | 26.84 | 26.67 | 25.90 | 22.08 | 18.31 | 2.57 | 1.84 | 0.81 | 0.84 |
| shares | 348.77M | 350.85M | 347.37M | 34.17M | 33.59M | 31.02M | 30.58M | 29.29M | 28.28M | 28.15M | 28.09M | 27.87M | 27.48M | 27.75M | 27.89M |
| shares | 351.96M | 352.35M | 347.42M | 34.2M | 33.78M | 31.02M | 30.92M | 30.71M | 30.23M | 30.04M | 30.15M | 28.23M | 28.01M | 28.07M | 28.52M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2012–FY2025: $1.69B in buybacks, $1.75B in dividends.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (CNY)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Segment Domestic Asset Management | 692,468,000 | 772,107,000 | — | — | — | — | — | — |
| Segment Domestic Public Securities | 566,489,000 | 488,752,000 | — | — | — | — | — | — |
| Segment Overseas Asset Management | 553,935,000 | 438,513,000 | — | — | — | — | — | — |
| Segment Overseas Wealth Management | 547,540,000 | 674,697,000 | — | — | — | — | — | — |
| Segment Overseas Insurance and Comprehensive Services | 178,794,000 | 138,866,000 | — | — | — | — | — | — |
| Segment Domestic Insurance | 18,648,000 | 42,867,000 | — | — | — | — | — | — |
| Asset Management Industry | — | 767,344,000 | 766,171,000 | 834,468,000 | 1,041,464,000 | 875,493,000 | 783,580,000 | 748,531,000 |
| Lending and Other Business | — | 32,932,000 | 37,276,000 | 65,927,000 | 56,733,000 | 64,000,000 | 288,953,000 | 235,071,000 |
| Other Financial Service Business | — | — | — | — | — | — | — | 240,091,000 |
| Segement Domestic Asset Management | — | 772,107,000 | — | — | — | — | — | — |
| Wealth Management | — | 1,800,706,000 | 2,491,249,000 | 2,199,977,000 | 3,194,897,000 | 2,366,333,000 | 2,319,279,000 | 2,306,006,000 |
By Geography (CNY)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| China | 1,349,519,000 | 1,369,258,000 | 1,884,393,000 | 2,300,520,000 | 3,316,019,000 | 2,595,596,000 | 2,467,351,000 | 2,555,982,000 |
| Hong Kong SAR China | 986,362,000 | 925,846,000 | 1,114,679,000 | 591,936,000 | 869,723,000 | 564,241,000 | 733,125,000 | 751,051,000 |
| Others Country | 293,906,000 | 326,230,000 | 318,749,000 | 236,421,000 | 140,858,000 | 164,875,000 | 212,700,000 | 3,029,000 |
By Product & Service (CNY)
| Component | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|
| Recurring Service Fees | 1,820,430,000 | 1,914,415,000 | 2,109,009,000 | 1,930,199,000 | 1,845,465,000 | 1,776,549,000 |
| One Time Commissions | 1,089,203,000 | 681,445,000 | 1,271,416,000 | 808,837,000 | 931,668,000 | 1,027,993,000 |
| Other Services | 270,579,000 | 223,441,000 | 161,982,000 | 196,151,000 | 522,958,000 | 361,886,000 |
| Other Comprehensive Services | 251,263,000 | 187,543,000 | 121,756,000 | 117,379,000 | 146,321,000 | 115,527,000 |
| Performance Based Income | 137,609,000 | 309,576,000 | 784,193,000 | 389,525,000 | 113,085,000 | 143,634,000 |
| Lending Services | 19,316,000 | 35,898,000 | 40,226,000 | 78,772,000 | 376,637,000 | 209,804,000 |
| Investor Education Services | — | — | — | 9,353,000 | 26,353,000 | 36,555,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (CNY)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Segment Domestic Asset Management | 566,265,000 | 574,112,000 | — | — | — | — | — | — |
| Segment Domestic Public Securities | 427,377,000 | 318,981,000 | — | — | — | — | — | — |
| Segment Overseas Asset Management | 409,218,000 | 353,599,000 | — | — | — | — | — | — |
| Segment Overseas Wealth Management | 142,665,000 | 105,454,000 | — | — | — | — | — | — |
| Segment Overseas Insurance and Comprehensive Services | 53,943,000 | 45,467,000 | — | — | — | — | — | — |
| Segment Domestic Insurance | -34,457,000 | -81,582,000 | — | — | — | — | — | — |
| Asset Management Industry | — | 387,870,000 | 386,660,000 | 447,837,000 | 485,237,000 | 459,809,000 | 391,319,000 | 353,198,000 |
| Lending and Other Business | — | -98,026,000 | -98,644,000 | -100,848,000 | -207,828,000 | -18,811,000 | 85,911,000 | -33,868,000 |
| Segement Domestic Asset Management | — | 574,112,000 | — | — | — | — | — | — |
| Wealth Management | — | 344,045,000 | 809,899,000 | 741,460,000 | 921,489,000 | 817,478,000 | 437,736,000 | 607,194,000 |
Operating Margin by Segment (%)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Segment Domestic Asset Management | 81.8% | 74.4% | — | — | — | — | — | — |
| Segment Domestic Public Securities | 75.4% | 65.3% | — | — | — | — | — | — |
| Segment Overseas Asset Management | 73.9% | 80.6% | — | — | — | — | — | — |
| Segment Overseas Wealth Management | 26.1% | 15.6% | — | — | — | — | — | — |
| Segment Overseas Insurance and Comprehensive Services | 30.2% | 32.7% | — | — | — | — | — | — |
| Segment Domestic Insurance | -184.8% | -190.3% | — | — | — | — | — | — |
| Asset Management Industry | — | 50.5% | 50.5% | 53.7% | 46.6% | 52.5% | 49.9% | 47.2% |
| Lending and Other Business | — | -297.7% | -264.6% | -153% | -366.3% | -29.4% | 29.7% | -14.4% |
| Segement Domestic Asset Management | — | 74.4% | — | — | — | — | — | — |
| Wealth Management | — | 19.1% | 32.5% | 33.7% | 28.8% | 34.5% | 18.9% | 26.3% |