Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 319

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 319
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15%. Shanghai Nuorong Information Technology Co., Ltd. obtained the approval for preferential income tax rate of15% due to High and New Technology Enterprise in December 2022 and such preferential income tax rate will expire in December 2025.
Income before income taxes consists of:
Year Ended December 31,
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(Amount in Thousands)
2022 2023 2024 2024
RMB RMB RMB US$
Mainland China 588,048 283,045 493,222 67,571
Hong Kong 389,517 743,619 237,512 32,539
Cayman Islands 39,463 6,537 13,409 1,837
Others 132,521 176,046 123,462 16,914
Total 1,149,549 1,209,247 867,605 118,861
The tax expense comprises:
Year Ended December 31,
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(Amount in Thousands)
2022 2023 2024 2024
RMB RMB RMB US$
Current Tax 354,108 248,353 177,872 24,369
Deferred Tax ( 87,000) 14,007 90,719 12,428
Total 267,108 262,360 268,591 36,797
Reconciliation between the statutory tax rate to income before income taxes and the actual provision for income taxes is as follows:
Year Ended December 31,
2022 2023 2024
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PRC income tax rate 25.00 25.00 25.00
Expenses not deductible for tax purposes ( 0.07) 0.33 1.49
Effect of tax-free investment income ( 0.72) ( 2.13) ( 0.78)
Effect of different tax rate of subsidiary in other jurisdiction ( 6.61) ( 6.12) ( 1.81)
Effect of deferred tax assets allowance 7.22 2.78 6.50
Effect of tax holidays ( 0.92) ( 0.56) ( 1.43)
Effect of income from equity in fund of fund 1.21 1