Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 298

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 298
---
 financial performance, cash flow forecasts and financing needs, the regulatory and economic environment of the investee and overall health of the investee’s industry. If impairment indicators of the investment are noted, the Group has to estimate the fair value of the investment in accordance with ASC 820. An impairment loss in net income will be recognized equal to the difference between the carrying value and fair value if the fair value is less than the investment’s carrying value.
For held-to-maturity investments, the Group evaluates current expected credit loss (“ CECL”) upon acquisition at the pool level based on available information relevant to assessing the collectability of cash flows. An expected credit loss will be recognized as an allowance through earnings if the net amount of cash flow expected to be collected is less than the amortized cost basis. For available-for-sale investments, the impairment is assessed under the specific identification method based on available quantitative and qualitative evidences, and the credit loss is recorded through an allowance approach as opposed to a permanent write-down of cost basis.
(j) Non-controlling interests
A non-controlling interest in a subsidiary of the Group represents the portion of the equity (net assets) in the subsidiary not directly or indirectly attributable to the Group. Non-controlling interests are presented as a separate component of equity in the consolidated balance sheet, earnings and other comprehensive income are attributed to controlling and non-controlling interests.

F-19

Table of Contents

The following schedule shows the effects of changes in the Company’s ownership interest in less than wholly owned subsidiaries on equity attributable to Noah Holdings Limited shareholders:
Years Ended December 31,
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
(Amount in Thousands)
2022 2023 2024 2024
RMB RMB RMB US$
Net income attributable to Noah Holdings Limited shareholders 976,571 1,009,494 475,445 65,135
Transfers (to) from the non-controlling interests:
Decrease in Noah’s equity from divestment of non-controlling interests ( 10,315) - - - 
Increase in Noah’s capital from contribution of non-controlling interests - - 86 12
Decrease in Noah’s equity from distributions to non-controlling interests ( 6,500) ( 16,049) - - 
Net transfers (to) non-controlling interests ( 16,815) ( 16,049) 86 12
Change from net