Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 324

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 324
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 past due loans from third parties with the amount of RMB12.5million and RMB1.8million for the years ended December 31, 2023 and 2024, respectively. The purchased past due loans of RMB39.7million and RMB19.4million were collected or transferred to other investors, for the years ended December 31, 2023 and 2024, respectively.

The following table presents the activity in the allowance for credit losses for loans receivable as of and for the years ended December 31, 2023 and 2024.

                                                             RMB  
                                           (Amount in Thousands)  
  Loans receivable— December 31, 2022                     93,859  
  Provisions                                               1,604  
  Reversal                                              ( 9,779)  
  Write off                                             ( 6,174)  
  Loans receivable— December 31, 2023                     79,510  
  Provisions                                               7,353  
  Reversal                                              ( 6,077)  
  Write off                                             ( 6,727)  
  Loans receivable— December 31, 2024                     74,059  

12. Lease

As a lessee:

Operating lease assets primarily represents various facilities under non-cancelable operating leases expiring within onetoten years. Lease costs are included in either selling or general and administrative expenses depending on the use of the underlying asset. Operating lease expenses, including the short-term lease cost which was immaterial, were RMB98,943, RMB85,745and RMB64,398for the years ended December 31, 2022, 2023 and 2024, respectively. Cash payments against operating lease liabilities were RMB93,525and RMB59,837for the years ended December 31, 2023 and 2024, respectively.

F-38

Table of Contents

Supplemental consolidated balance sheet information related to leases was as follows:

                                                        As of December 31,                           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
                                                     (Amount in Thousands)                           
                                                                      2023         2024        2024  
                                                                       RMB          RMB         US$  
  Operating leases:                                                                                  
  Operating lease right-of-use assets                              139,019      121,115      16,593  
  Current portion of lease liabilities                              61,826       44,