Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 199

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 5
Chunk 199
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 cash flow from operations will be sufficient to meet our anticipated cash needs, including our cash needs for at least the next 12 months. We may, however, need additional capital in the future due to unanticipated business condition or other future development, including any investments or acquisitions we may pursue.
In July 2022, we completed our global initial public offerings in Hong Kong Stock Exchange with issuance of 1,152,160 ordinary shares with net proceeds of HK$315.6 million (US$40.2 million) after deducting underwriters’ commission and offering expenses.

121

The following table sets forth the movements of our cash, cash equivalents and restricted cash for the years presented:

                                   ​                                      ​       ​        ​        ​        ​         ​         ​        ​    
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​                                                                         ​                                            Years Ended December 31,
​                                                                         ​        2022   ​          2023   ​                              2024
​                                                                         ​         RMB               RMB                 RMB               US$
​                                                                                                                                (in thousands)
Net cash provided by operating activities                                       632,901         1,318,320             387,336            53,066
Net cash (used in) provided by investing activities                              74,289         (247,141)           (840,819)         (115,191)
Net cash (used in) provided by financing activities                             233,761         (199,835)         (1,134,204)         (155,385)
Effect of exchange rate changes                                                  81,054            48,098              72,162             9,883
Net (decrease) increases in cash and cash equivalents                         1,022,005           919,442         (1,515,525)         (207,627)
Cash, cash equivalents and restricted cash at the beginning of the year       3,412,613         4,434,618           5,354,060           733,503
Cash, cash equivalents and restricted cash at the end of the year             4,434,618         5,354,060           3,838,535           525,876
​
Operating Activities
Net cash provided by operating activities in 2024 was RMB387.3 million (US$53.1 million), primarily as a result of net income of RMB487.0 million (US$66.7 million), adjusted by (i) certain non