Noah Holdings Limited reported unaudited financial results for the second quarter ended June 30, 2026. Net revenues decreased 1.5% year-over-year to RMB619.9 million (US$91.4 million), driven by lower one-time insurance commissions and recurring fees, partially offset by a surge in performance-based income from mainland China private secondary products. Operating income rose 34.0% to RMB215.8 million due to disciplined cost controls and reduced credit loss provisions. Net income attributable to shareholders increased 30.0% to RMB232.2 million (US$34.2 million), with non-GAAP net income up 25.9% to RMB238.0 million. Total assets under management stood at RMB140.9 billion as of June 30, 2026. The company operates in the wealth management and asset management industry, providing comprehensive advisory services on global investment and asset allocation primarily for Chinese high-net-worth investors.
