Financial Statements — NOAH
Balance Sheet
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.62 | 3.82 | 0.73 | 0.64 | 0.53 | 0.77 | 0.63 |
| Total Current Assets | 6.36 | 6.47 | 1.00 | 6.32 | 0.87 | 1.03 | 0.97 |
| Total Assets | 1.68 | 11.78 | 12.69 | 11.80 | 10.89 | 9.40 | 9.80 |
| Total Current Liabilities | 1.43 | 1.43 | 1.89 | 0.28 | 2.28 | 0.29 | 0.22 |
| Total Liabilities | 1.76 | 1.77 | 2.26 | 0.33 | 0.43 | 0.33 | 1.93 |
| Retained Earnings | 5.82 | 5.90 | 6.44 | 5.60 | 0.81 | 3.99 | 0.68 |
| Total Stockholder Equity | 9.83 | 9.95 | 1.45 | 1.36 | 1.26 | 1.10 | 1.01 |
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Provision for Credit Losses | 29.01 | 7.35 | 1.60 | 0.68 | 15.54 | 9.20 | 7.91 |
| Pretax Income | 122.47 | 867.61 | 170.32 | 166.67 | 203.69 | (89.70) | 139.04 |
| Tax Provision | 297.81 | 268.59 | 36.95 | 38.73 | 293.94 | 39.61 | 31.61 |
| Net Income | 79.92 | 475.45 | 142.19 | 141.59 | 206.22 | (114.21) | 119.10 |
| Basic EPS | 0.23 | 0.19 | 0.41 | 4.14 | 6.14 | (3.68) | 3.90 |
| Diluted EPS | 0.23 | 1.35 | 0.41 | 4.14 | 38.90 | (3.68) | 3.86 |
Cash Flow Statement
(in billions CNY)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 0.98 | 0.39 | 0.19 | 0.63 | 1.52 | 0.12 | 1.29 |
| Capital Expenditures | 0.13 | 0.08 | 0.16 | 0.01 | 0.36 | 0.05 | 0.01 |
| Free Cash Flow* | 0.84 | 0.31 | 0.03 | 0.62 | 1.17 | 0.07 | 1.28 |
| Investing Cash Flow | 0.04 | (0.84) | (0.03) | 0.01 | (0.40) | 0.05 | (0.03) |
| Financing Cash Flow | (0.64) | (1.13) | (0.20) | 0.03 | (0.08) | (0.06) | 0.08 |
* Derived from reported values
