Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 323

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 323
---
 its financial interest in VIEs because it believes such excess earnings can be distributed in a manner that would not be subject to income tax.

The Group didnot record any uncertain tax positions during the years ended December 31, 2022, 2023 and 2024. The Group does not anticipate any significant increases or decreases to its liability for unrecognized tax benefits within the next 12 months.

11. Loans Receivable, Net

Loans receivable as of December 31, 2023 and 2024 consist of the following:

                                      As of December 31,                                
 ────────────────────────────────────────────────────────────────────────────────────────
                                   (Amount in Thousands)                                
                                                    2023           2024           2024  
                                                     RMB            RMB            US$  
  Loans receivable:                                                                     
  -Within credit term                             98,925         41,423          5,675  
  -Past due                                      267,506        201,744         27,639  
  Total loans receivable                         366,431        243,167         33,314  
  Allowance for credit losses                  ( 79,510)      ( 74,059)      ( 10,146)  
  Loans receivable, net                          286,921        169,108         23,168  

The loan interest rates range between3.9% and13.5% for the years ended December 31, 2023 and 2024. RMB364.7million and RMB241.2million of the loans is secured by collateral as of December 31, 2023 and 2024 respectively.

F-37

Table of Contents

The following table presents the aging analysis of non-purchased past due loans receivable as of the years ended December 31, 2023 and 2024:

                                          As of December 31,                          
                                                        2023        2024        2024  
                                                         RMB         RMB         US$  
 ──────────────────────────────────────────────────────────────────────────────────────
  Past due within 1 year                             115,281      23,662       3,242  
  Past due more than 1 year                           17,258      59,946       8,213  
  Total non-purchased past due loans                 132,539      83,608      11,455  

The Group also purchased