Noah holdings limited announces unaudited financial results for the fourth quarter 2022 and audited financial results for full year 2022

Shanghai , march 27, 2023 /prnewswire/ -- noah holdings limited ("noah" or the "company") (nyse: noah and hkex: 6686), a leading and pioneer wealth management service provider in china offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced its unaudited financial results for the fourth quarter of 2022 and the audited financial results for the full year ended december 31, 2022. fourth quarter 2022 financial highlights net revenues for the fourth quarter of 2022 were rmb882.1 million (us$127.9 million), a 30.0% decrease from the corresponding period in 2021, mainly due to 1) decreases in one-time commissions, as less insurance products distributed compared with last year and 2) less performance based income generated from public securities products and offshore private equity products amid market volatilities.
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