I continue to assign a buy rating to Noah Holdings, following an assessment of its performance and prospects. The company's net profit jumped by +52% YoY in 3Q25, thanks to a bigger share of overseas sales contributions, a healthy financial market environment, and good expense management. A return to positive topline and earnings expansion next year is achievable, considering cost benefits relating to AI utilization and the increase in recurrent revenue.
Noah Holdings Limited ( NOAH ) Q3 2025 Earnings Call November 25, 2025 7:01 PM EST Company Participants Zhe Yin - Co-Founder, CEO & Director Qing Pan - CFO & Joint Company Secretary Jingbo Wang - Co-Founder & Chairwoman Conference Call Participants Heqing Li - UBS Investment Bank, Research Division Peter Zhang - JPMorgan Chase & Co, Research Division Presentation Operator Good morning, afternoon and evening, and welcome to the Noah Holdings Limited Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
Noah's 2Q25 bottom-line grew by +78% YoY and surpassed the market's expectations; this has positive read-throughs for its full-year results. NOAH also boasts re-rating triggers pertaining to international market expansion and the venture into crypto-related products. I upgrade the stock's rating to a Buy after analyzing its second quarter performance and identifying potential catalysts.
| Capital Markets Industry | Financials Sector | Zhe Yin CEO | XSTU Exchange | US65487X1028 ISIN |
| CN Country | 1,990 Employees | 3 Jul 2024 Last Dividend | - Last Split | 10 Nov 2010 IPO Date |
Noah Holdings Limited, integrated with its subsidiaries, excels in providing wealth and asset management services primarily aimed at high net worth individuals and enterprises not just in the Mainland of China and Hong Kong, but also on a global scale. Since its inception in 2005, the company has carved a niche in the financial market through its diverse service offerings across wealth management, asset management, and other business segments. Boasting a headquarter in Shanghai, People’s Republic of China, Noah Holdings Limited showcases a firm commitment to delivering superior investment solutions and financial products to its elite clientele, underpining its standing in the wealth management sector.
The comprehensive suite of products and services offered by Noah Holdings Limited is meticulously crafted to meet the sophisticated needs of its high-net-worth clientele. These offerings encompass: