Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 291

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 291
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119,399 375,226 51,406
Accounts receivable, net 57,682 28,542 3,910
Amounts due from related parties, net 251,235 224,734 30,788
Amounts due from the Group’s subsidiaries* 149,250 621,944 85,206
Loans receivables, net 34,987 56,674 7,764
Other current assets 81,660 154,279 21,136
Long-term investments 433,201 605,840 83,000
Investment in affiliates 852,163 729,942 100,002
Property and equipment, net 74,600 86,953 11,913
Operating lease right-of-use assets, net 10,195 3,493 479
Deferred tax assets 74,418 108,564 14,873
Other non-current assets 8,889 15,274 2,093
Total assets 3,577,543 3,722,352 509,961
Accrued payroll and welfare expenses 144,688 97,459 13,352
Income tax payable 17,007 90,665 12,421
Deferred revenues 3,672 2,166 297
Other current liabilities 164,171 142,918 19,580
Deferred tax liabilities 32,656 59,804 8,193
Other non-current liabilities 14,978 9,226 1,264
Operating lease liabilities, non-current 6,044 1,582 217
Total liabilities 383,216 403,820 55,324
*Amounts due from/to the Group’s subsidiaries are eliminated in the process of preparing the consolidated balance sheets.

F-15

Table of Contents

Year Ended December 31,
────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
(Amount in Thousands)
2022 2023 2024 2024
RMB RMB RMB US$
Revenues:
Revenues from others
One-time commissions 365,927 371,863 44,202 6,056
Recurring service fees 50,494 4,083 21,925 3,004
Other service fees 105,612 37,251 113,089 15,493
Total