NOAH HOLDINGS (06686) released its interim results, with net profit attributable to shareholders reaching 357 million yuan, an increase of 9% year-on-year. The company will continue to invest in talent development and technological infrastructure.

NOAH HOLDINGS (06686) released its interim results for the six months ending June 30, 2026, during which the group achieved net revenue of 1.246 billion RMB, an increase of 0.1% year-on-year; net profit attributable to shareholders was 357 million RMB, an increase of 9% year-on-year; basic earnings per share were 1.04 RMB. In the second quarter of 2026, net revenue was 620 million RMB; net profit attributable to Noah shareholders was 232 million RMB, up 30.0% compared to the same period in 2025. Despite facing challenges, the group remains committed to investing in international markets and enhancing its influence among Chinese clients worldwide as well as its share of client asset investments. As of June 30, 2026, the number of registered clients outside mainland China increased by 11.0% from 18,967 as of June 30, 2025, to 21,059. Meanwhile, the total asset allocation size outside mainland China (including distributed products but excluding the asset allocation size related to the group's online securities services) increased by 1.8%, rising from 65.2 billion RMB to 66.3 billion RMB (9.8 billion USD). Additionally, the asset allocation size related to the group's online securities services (not included in the aforementioned size for assets outside mainland China) rose by 7.6% from 2.6 billion RMB as of June 30, 2025, to 2.8 billion RMB (400 million USD) as of June 30, 2026. The fundraising volume of the group's distributed products outside mainland China remained relatively stable during the reporting period at 16.7 billion RMB, compared to 16.4 billion RMB in the same period of 2025. The group's mainland China business continues to operate within a complex macroeconomic environment. The total revenue from the group's three mainland China business segments increased by 23.0% from 619 million RMB for the six months ending June 30, 2025, to 761 million RMB during the reporting period. Looking ahead, the group believes that the increasing maturity of global Chinese investors and their growing demand for diversified investment solutions will highly align with the group's evolving product portfolio. The group will continue to invest in talent development and technological infrastructure to ensure it can seize new opportunities. As the capital market conditions in mainland China continue to evolve, the group believes that its established brand recognition and operational principles will support the group in achieving long-term sustainable growth.