Noah holdings limited announces unaudited financial results for the first quarter of 2024

Shanghai , may 29, 2024 /prnewswire/ -- noah holdings limited ("noah" or the "company") (nyse: noah and hkex: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for mandarin-speaking high-net-worth investors, today announced its unaudited financial results for the first quarter of 2024. first quarter 2024 financial highlights                                                                                                                            n et revenue s for the first quarter of 2024 were rmb649.5 million (us$90.0 million), a 19.2% decrease from the corresponding period in 2023, mainly due to decreases in performance-based income generated from usd private equity products and recurring service fees generated from rmb private equity and private secondary products.
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