Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 320

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 320
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.03 ( 2.60)
Effect of dividend withholding tax 1.74 1.26 2.92
Effect of true-ups ( 3.36) 0.33 1.30
Effect of others ( 0.25) ( 0.22) 0.37
23.24 21.70 30.96

F-35

Table of Contents

The aggregate amount and per share effect of the tax holidays (including effect of timing difference reversed in the year with different rate) are as follows:
Year Ended December 31,
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(Amount in Thousands Except Shares Data)
2022 2023 2024 2024
RMB RMB RMB US$
Aggregate 10,594 6,807 12,407 1,700
Per share effect-basic 1 0.03 0.02 0.04 0.01
Per share effect-diluted 1 0.03 0.02 0.04 0.01
Note 1: Results have been retroactively adjusted to reflect the 1-for-10 Share Subdivision effective on October 27, 2023. See Note 2 for details.
The principal components of the deferred income tax asset and liabilities are as follows:
As of December 31,
────────────────────────────────────────────────────────────────────────────────────────────────────────
(Amount in Thousands)
2023 2024 2024
RMB RMB US$
Deferred tax assets:
Accrued expenses and payroll 93,938 55,061 7,543
Tax loss carry forward 548,814 521,234 71,409
Unrealized other loss 11,230 13,132 1,799
Provision for impairment of investments 42,322 44,837 6,143
Provision for allowance of credit losses 38,818 39,099 5,357
Provision for contingent liability 24,750 24,758 3,392
Others 9,080 4,479 613
Gross deferred tax assets 768,952 702,600 96,256
Valuation allowance ( 319,780) ( 364,750) ( 49,971)
Deferred tax assets 449,172 337,850 46,285
Deferred tax liabilities:
Unrealized