Noah holdings limited announces unaudited preliminary financial results for the fourth quarter and full year 2020

Shanghai, march 15, 2021 /prnewswire/ -- noah holdings limited ("noah" or the "company") (nyse: noah), a leading wealth and asset management service provider in china with a focus on global investment and asset allocation services for high net worth individuals and enterprises, today announced its unaudited preliminary[1] financial results for the fourth quarter of 2020 and the full year ended december 31, 2020. fourth quarter 2020 financial highlights n et revenue s for the fourth quarter of 2020 were rmb953.2 million (us$146.1 million), a 20.9% increase from the corresponding period in 2019, and an 11.0% increase compared with third quarter of 2020, due to increases in both one-time commissions and performance-based income.
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