Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 282

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 282
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ertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ Deloitte Touche Tohmatsu Certified Public Accountants LLP

Shanghai, China

March 26, 2025

F-4

Table of Contents

Noah Holdings Limited

Consolidated Balance Sheets

(Amount in Thousands, Except Share and Per Share Data)

                                                                                                                                                                                                            As of December 31,                                 
                                                                                                                                                                                                                          2023            2024           2024  
                                                                                                                                                                                                                           RMB             RMB            US$  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Assets                                                                                                                                                                                                                                                       
  Current assets:                                                                                                                                                                                                                                              
  Cash and cash equivalents                                                                                                                                                                                          5,192,127       3,822,339        523,658  
  Restricted cash                                                                                                                                                                                                      154,433           8,696          1,191  
  Short-term investments (including short-term investments measured at fair value of RMB 220,728 and RMB 285,202 as of December 31, 2023 and 2024, respectively)                                                       379,456       1,274,609        174,621  
  Accounts receivable, net of allowance for credit losses of RMB 6,862 and RMB 17,199 as of December 31, 2023 and 2024, respectively                                                                                   503,978         473,490         64,868  
  Amounts due from related parties, net of allowance for credit losses of RMB 23,394 and RMB