Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 308

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 308
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 with similar risk characteristics have been grouped into pools. For each pool, the Group considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include types of investment products that the Group distributes, the NAV of underlying funds and payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the Group’s receivables. Additionally, external data and macroeconomic factors are also considered. When specific customers are identified as no longer sharing the same risk profile as their current pool, they are removed from the pool and evaluated separately. This is assessed at each quarter based on the Group’s specific facts and circumstances. Accounts are written off against the allowance when it becomes evident that collection will not occur.
The Group evaluates CECL on other forms of financial assets, including other current assets and other non-current assets with the similar approach of accounts receivable.
The following table summarizes the changes of allowances for each category of affected assets for the years ended December 31, 2022, 2023 and 2024, respectively:
Amounts Other Other
due from Accounts current non-current
related parties receivable assets assets
RMB RMB RMB RMB
────────────────────────────────────────────────────────────────────────────────────────────────────
Balance at beginning of 2022 30,128 458 4,000 - 
Provisions 544 3,905 495 - 
Reversal ( 5,471) ( 578) - - 
Write off ( 544) ( 138) ( 4,495) - 
Foreign currency adjustment 1,009 - - - 
Balance at end of 2022 25,666 3,647 - - 
Provisions 2,602 4,979 - - 
Reversal ( 4,670) ( 1,764) - - 
Write off ( 610) - - - 
Foreign currency adjustment 406 - - - 
Balance at end of 2023 23,394 6,862 - - 
Provisions 1,829 12,768 - 13,227
Reversal - ( 5,218) - - 
Write off ( 16,427) - - - 
Foreign currency adjustment ( 1,312) 2,787 - 204
Balance at end of 2024 7,484