Company: NOAH
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0001410578-25-000852
Chunk: 16

Company: NOAH HOLDINGS LTD
Filing Date: 2025-04-24
Form: 20-F
Item: Item 3
Chunk 16
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 than     ​     ​            ​     Affiliated     ​     Eliminations of   ​     Consolidated
​                                                         Our company         Noah Group           Noah Group         Entities             Adjustments             total       
​                                                     ​   (RMB in thousands)                                                                                                   
Net cash provided by (used in) operating activities   ​   55,195        ​     (39,428)       ​     (44,810)     ​     661,944        ​     —                 ​     632,901     
Net cash (used in) provided by investing activities   ​   (17,492)      ​     321,986        ​     (614)        ​     (275,289)      ​     45,698            ​     74,289      
Net cash provided by financing activities             ​   87,997        ​     145,764        ​     45,698       ​     —              ​     (45,698)          ​     233,761     
​
Intercompany Revenues between the Consolidated Affiliated Entities and Our Subsidiaries
The intercompany services between the Consolidated Affiliated Entities and our subsidiaries principally consist of shared services within our group, including the support of information technology, marketing activities, strategic development, human resources and legal consulting.
The Consolidated Affiliated Entities provide shared services to our subsidiaries, the amounts of which were RMB64.4 million, RMB19.6 million and RMB99.1 million (US$13.6 million), for the years ended December 31, 2022, 2023 and 2024, respectively. The intercompany service charge is eliminated at the consolidation level.
Our subsidiaries provide investment consulting services and shared services to the Consolidated Affiliated Entities, the amounts of which were RMB264.4 million, RMB359.1 million and RMB274.0 million (US$37.5 million) for the years ended December 31, 2022, 2023 and 2024, respectively. The intercompany service charge is eliminated at the consolidation level.
For the years ended December 31, 2022, 2023 and 2024, cash paid by the Consolidated Affiliated Entities to our subsidiaries for the services rendered were RMB323.5 million, RMB395.2 million and RMB647.4 million (US$88.7 million), respectively. 
Dividends or Distributions Made to the Holding Company