Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 196

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 5
Chunk 196
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      (11,545)   ​      (1,582)
Net Revenues                                        65,927   ​        37,276   ​        32,932   ​        4,511
Operating costs and expenses:                ​           ​   ​             ​   ​             ​   ​            ​
Compensation and benefits                         (40,237)   ​      (32,181)   ​      (39,229)   ​      (5,374)
Selling expenses                                   (7,360)   ​      (26,090)   ​      (26,397)   ​      (3,616)
General and administrative expenses               (25,804)   ​      (23,112)   ​      (41,268)   ​      (5,654)
Provision for/ (reversal of) credit losses   ​       (680)   ​         8,859   ​         1,973   ​          270
Other operating expenses                          (93,872)   ​      (65,116)   ​      (26,155)   ​      (3,583)
Government subsidies                                 1,178   ​         1,720   ​           118   ​           16
Total operating costs and expenses               (166,775)   ​     (135,920)   ​     (130,958)   ​     (17,941)
Loss from operations:                            (100,848)   ​      (98,644)   ​      (98,026)   ​     (13,430)
​
Year Ended December 31, 2024 Compared to Year Ended December 31, 2023
Total Revenue. For other businesses, our total revenue was RMB44.5 million (US$6.1 million) in 2024, representing an 8.6% decrease from RMB48.7 million in 2023, primarily due to our continuous wind-down of our lending business.
Operating Costs and Expenses. For other businesses, our operating costs and expenses in 2024 were RMB131.0 million (US$17.9 million), representing a 3.7% decrease from RMB135.9 million in 2023 primarily due to our continuous winding-down of our lending business.
Year Ended December 31, 2023 Compared to Year Ended December 31, 2022
Total Revenue. For other businesses, our total revenue