Noah Holdings Limited (NOAH) — Financial statements
Income statement, balance sheet, and cash flow for Noah Holdings Limited — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,558↓1.6% | 2,601↓21.1% | 3,295↑6.3% | 3,100↓27.8% | 4,293 | |
| Cost of Revenue | 61↓95.5% | 1,349↓7.4% | 1,457↑1.0% | 1,442↓33.5% | 2,169 | |
| Gross Profit | 2,497↑99.5% | 1,252↓31.9% | 1,838↑10.8% | 1,658↓21.9% | 2,124 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 306↑3.0% | 297↑7.6% | 276↓62.7% | 740↑92.9% | 383 | |
| Selling & Marketing Expenses | 243↓9.7% | 269↓44.6% | 486↑39.2% | 349↓20.2% | 437 | |
| SG&A Expenses | 548↓3.1% | 566↓25.7% | 762↓30.0% | 1,089↑32.7% | 820 | |
| Other Expenses | 1,238↑2288.1% | 52↑341.4% | -21↑95.9% | -518↓594.4% | 105 | |
| Operating Expenses | 1,787↑189.3% | 618↓16.5% | 740↑29.8% | 570↓38.4% | 925 | |
| Total Costs & Expenses | 1,848↓6.1% | 1,967↓10.5% | 2,197↑9.2% | 2,012↓35.0% | 3,094 | |
| Operating Results | ||||||
| Operating Income | 710↑12.1% | 634↓42.3% | 1,098↑0.9% | 1,088↓9.2% | 1,199 | |
| Depreciation & Amortization | 157↑0.1% | 157↓0.9% | 158↑1.4% | 156↑6.4% | 147 | |
| EBITDA | 934↑18.1% | 791↓37.1% | 1,256↑0.9% | 1,244↓7.5% | 1,345 | |
| EBIT | 832↑31.2% | 634↓42.3% | 1,098↑0.9% | 1,088↓9.2% | 1,199 | |
| Interest & Other Income | ||||||
| Net Interest Income | 155↓0.2% | 156↓3.8% | 162↑163.7% | 61↓14.5% | 72 | |
| Interest Income | 155↓0.2% | 156↓3.8% | 162↑163.7% | 61↓14.5% | 72 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -121 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 121↓0.2% | 122↓26.4% | 165↑10.1% | 150↓62.5% | 401 | |
| Income Before Tax | 832↑10.1% | 756↓40.2% | 1,263↑2.0% | 1,239↓22.6% | 1,600 | |
| Income Tax Expense | 290↑7.9% | 269↑2.4% | 262↓1.8% | 267↓9.1% | 294 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 542↑11.3% | 487↓51.3% | 1,001↑3.0% | 972↓25.6% | 1,306 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 544↑14.3% | 475↓52.9% | 1,009↑3.4% | 977↓25.7% | 1,314 | |
| Bottom-Line Net Income | 544↑14.3% | 475↓52.9% | 1,009↑3.4% | 977↓25.7% | 1,314 | |
| EPS (Basic) | 38.80↑14.1% | 34.00↓53.2% | 72.65↑1.7% | 71.45↓26.9% | 97.80 | |
| EPS (Diluted) | 38.45↑13.9% | 33.75↓53.5% | 72.65↑1.8% | 71.40↓26.6% | 97.25 | |
| Weighted Average Shares | 14↓0.6% | 14↑1.0% | 14↑1.7% | 14↑1.7% | 13 | |
| Weighted Average Diluted Shares | 14↓0.1% | 14↑1.4% | 14↑1.6% | 14↑1.2% | 14 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.