Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 340

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 340
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Net income 976,571 1,009,494 475,445 65,135
Other comprehensive income, net of tax
Foreign currency translation adjustments 137,468 77,162 111,932 15,335
Comprehensive income 1,114,039 1,086,656 587,377 80,470

F-51

Table of Contents

d) Condensed Statements of Cash Flows (Amount in Thousands)

                                                                                         Year ended December 31,                                                    
                                                                                                            2022            2023              2024            2024  
                                                                                                             RMB             RMB               RMB             US$  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash flows from operating activities:                                                                                                                             
  Net income attributable to Noah Holding Limited shareholders                                           976,571       1,009,494           475,445          65,135  
  Adjustments to reconcile net income to net cash provided by operating activities:                                                                                 
  Income from equity in subsidiaries and VIEs, net of dividends                                       ( 942,081)      ( 834,842)           318,596          43,647  
  (Income) loss from equity in affiliates, net of dividends                                            ( 41,385)           9,041            43,306           5,933  
  Reversal of Share-based settlement expenses                                                                  —               —         ( 12,454)        ( 1,706)  
  Changes in operating assets and liabilities:                                                                                                                      
  Amounts due from related parties                                                                         ( 63)           ( 24)             ( 24)            ( 3)  
  Amounts due to subsidiaries and VIEs                                                                    52,262           5,895                 —               —  
  Other current assets                                                                                         —       ( 20,969)            10,194           1,397  
  Other current liabilities                                                                            ( 31,336)           7,326          ( 5,375)          ( 736)  
  Net cash provided by operating activities                                                               13,968         175,921           829,688         113,667  
  Cash flows from investing activities:                                                                                                                             
  Increase in investments in subsidiaries and VIEs                                                     ( 17,492)       ( 16,400