Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 285

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 285
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8,696           1,191  
  Restricted cash – non-current included in other non-current assets                                              7,500           7,500             7,500           1,027  
  Total cash, cash equivalents and restricted cash                                                            4,434,618       5,354,060         3,838,535         525,876  

The accompanying notes are an integral part of these consolidated financial statements.

F-10

Table of Contents

Noah Holdings Limited

Notes to the Consolidated Financial Statements

For the Years Ended December 31, 2022, 2023 and 2024

(In Thousands Renminbi, except for share and per share data, or otherwise stated)

1. Organization and Principal Activities

Noah Holdings Limited (“ Company”) was incorporated on June 29, 2007 in the Cayman Islands with limited liability. The Company, through its subsidiaries and consolidated variable interest entities (“ VIEs”) (collectively, the “ Group”), is a leading and pioneer wealth management service provider in the People’s Republic of China (“ PRC”) offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net wealth (“ HNW”) investors. The Group began offering services in 2005 through Shanghai Noah Investment Management Co., Ltd. (“ Noah Investment”), a consolidated VIE, founded in the PRC in August 2005.

2. Summary of Principal Accounting Policies

(a) Basis of Presentation

The consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“ U. S. GAAP”).

On October 26, 2023, ordinary shares of par value of US$0.0005each was subdivided into ten (10) ordinary shares of par value of US$0.00005each (“ Share Subdivision”). All share and per share amounts for all periods presented have been retrospectively adjusted to reflect the Share Subdivision.

(b) Principles of Consolidation

The consolidated financial statements include the financial statements of the Company, its subsidiaries and consolidated VIEs. All inter-company transactions and balances have been eliminated upon consolidation.

A consolidated subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power or has the power to: appoint or remove the majority of the members of the board of directors; cast a majority of votes at the meeting of the board of directors; or govern the financial and operating policies of the investee under a statute or