Noah Holdings (06686) announced interim results, net income attributable to shareholders of 357 million yuan, an increase of 9% year-on-year, and will continue to invest in talent development and technical infrastructure

According to the Zhitong Finance App, Noah Holdings (06686) announced interim results for the six months ended June 30, 2026. The group achieved net revenue of 1,246 billion yuan during the period, an increase of 0.1% over the previous year; net income attributable to the company's shareholders was 357 million yuan, an increase of 9% over the previous year; and basic net income per share was 1.04 yuan.

Net revenue for the second quarter of 2026 was RMB 620 million; net income attributable to Noah shareholders was RMB 232 million, an increase of 30.0% over the same period in 2025.

Despite the challenges, the Group is committed to investing in the international market and increasing the Group's influence and customer asset investment share among global Chinese customers. As of June 30, 2026, the number of registered customers outside of mainland China increased by 11.0% to 21,059 from 18,967 as of June 30, 2025, while the amount of asset allocation remaining outside mainland China (including distributed products, but not the amount of asset allocation associated with the Group's online securities services) increased by 1.8% during the same period, from RMB 65.2 billion to RMB 66.3 billion (US$9.8 billion). Furthermore, the amount of asset allocation remaining in relation to the Group's online securities services (not taking into account the amount of assets allocated outside mainland China shown above) increased by 7.6% from RMB 2.6 billion as of June 30, 2025 to RMB 2.8 billion (US$400 million) as of June 30, 2026. The Group's sales volume of products distributed outside mainland China remained generally stable during the reporting period, at RMB 16.7 billion, compared to RMB 16.4 billion for the same period in 2025.

The Group's mainland business continues to operate in China's complex macroeconomic environment. The total revenue of the Group's three business divisions in mainland China increased 23.0% from RMB 619 million for the six months ended June 30, 2025 to RMB 761 million during the reporting period.

Looking ahead, the Group believes that the growing maturity of global Chinese investors and their growing demand for diversified investment solutions will be highly compatible with the Group's growing product portfolio. The Group will continue to invest in talent development and technology infrastructure to ensure it can seize new opportunities. As the capital market situation in mainland China continues to change, the Group believes that the Group's established brand awareness and operating structure will support the Group to achieve long-term sustainable growth.