Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 96

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 4
Chunk 96
---
 ​      ​     ​      ​      ​      ​     ​      ​  
-----------------------------------------------------------------------------------------------------------------------
​                            ​                                                                  Year Ended December 31,
​                            ​                  2022   ​                   2023   ​                                2024
​                                   RMB            %           RMB            %           RMB          US$            %
​                            ​                                                    (in millions, except for percentages)
Product type                                                                                                           
Mutual fund products             44,726   ​     63.6   ​    47,837   ​     64.6   ​    39,573   ​    5,421   ​     62.0
Private secondary products       11,516   ​     16.4   ​    18,403   ​     24.8   ​    16,201   ​    2,220   ​     25.3
Private equity products          11,037   ​     15.7   ​     3,330   ​      4.5   ​     4,775   ​      654   ​      7.5
Other products                    3,001   ​      4.3   ​     4,486   ​      6.1   ​     3,263   ​      447   ​      5.2
All products                     70,280   ​    100.0   ​    74,056   ​    100.0   ​    63,811   ​    8,742   ​    100.0
​
Overseas Wealth Management
In addition to our well-established domestic and RMB-denominated product offerings, we also offer a variety of overseas products denominated in a variety of currencies to our clients. The diversification of our investment product offerings distinguishes us from many of our competitors in mainland China, who typically only have domestic and RMB-denominated product offerings. In 2024, revenue from our overseas products accounted for 47.8% of our total revenues. 
Comprehensive Services
In addition to the investment products we provide to our clients, we develop and provide customized value-added financial and related services to our clients to better serve their needs.

●   Investor Education: We primarily provide our investor education services under the brand name “Enoch Education”, organizing various types of online and offline training programs to our individual clients and their families. These programs include wealth planning