Noah : 2Q21 Earnings Results 370.2 KB

Date: 08/16/2021 05:08 AM	Toppan Merrill	Project: 21-25192-1 Form Type: 6-K
Client: 21-25192-1_Noah Holdings Ltd_6-K

Submission Data File

	General Information
Form Type*		6-K
Contact Name		EDGAR Advantage Service Team
Contact Phone		800-688-1933
Filer File Number
Filer CIK*		0001499543 (Noah Holdings Ltd)
Filer CCC*		**********
Confirming Copy		No
Notify via Website only		No
Return Copy		No
SROS*		NYSE
Period*		08-17-2021
	(End General Information)

	Document Information
File Count*		2
Document Name 1*		tm2125192d1_6k.htm
Document Type 1*		6-K
Document Description 1		Form 6-K
Document Name 2*		tm2125192d1_ex99-1.htm
Document Type 2*		EX-99.1
Document Description 2		Exhibit 99.1
	(End Document Information)

	Notifications
Notify via Website only		No
E-mail 1		[e-mail]
	(End Notifications)

Date: 08/16/2021 05:08 AM	Toppan Merrill	Project: 21-25192-1 Form Type: 6-K
Client: 21-25192-1_Noah Holdings Ltd_6-K		File: tm2125192d1_6k.htm Type: 6-KPg: 1 of 3

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2021

Commission File Number: 001-34936

Noah Holdings Limited

No. 1687 Changyang Road, Changyang Valley, Building 2

Shanghai 200090, People's Republic of China

(86) 21 8035 9221

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-Fx Form 40-F¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Date: 08/16/2021 05:08 AM	Toppan Merrill	Project: 21-25192-1 Form Type: 6-K
Client: 21-25192-1_Noah Holdings Ltd_6-K		File: tm2125192d1_6k.htm Type: 6-KPg: 2 of 3

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Noah Holdings Limited

By:	/s/ Qing Pan
Name:	Qing Pan
Title:	Chief Financial Officer

Date: August 17, 2021

2

Date: 08/16/2021 05:08 AM	Toppan Merrill	Project: 21-25192-1 Form Type: 6-K
Client: 21-25192-1_Noah Holdings Ltd_6-K		File: tm2125192d1_6k.htm Type: 6-KPg: 3 of 3

Exhibit Index

Exhibit No.	Description.
Exhibit 99.1	Press Release

3

Date: 08/16/2021 05:08 AM	Toppan Merrill	Project: 21-25192-1 Form Type: 6-K
Client: 21-25192-1_Noah Holdings Ltd_6-K		File: tm2125192d1_ex99-1.htmType: EX-99.1Pg: 1 of 18
		Exhibit 99.1

NOAH HOLDINGS LIMITED ANNOUNCES UNAUDITED

FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2021

SHANGHAI, August 18, 2021 - Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced its unaudited financial results for the second quarter of 2021.

SECOND QUARTER 2021 FINANCIAL HIGHLIGHTS

• Net revenues for the second quarter of 2021 were RMB899.4 million (US$139.3 million), a 20.3% increase from the corresponding period in 2020 due to increased one-time commissions as well as recurring service fees.

(RMB millions,
except percentages)		Q2 2020		Q2 2021		YoY Change
Wealth management		542.8		625.6		15.3%
Asset management	181.6	256.3	41.1%
Other businesses	23.0	17.5	(23.9)%
Total net revenues	747.4		899.4		20.3	%

• Income from operations for the second quarter of 2021 was RMB335.4 million (US$51.9 million), a 5.0% increase from the corresponding period in 2020.

(RMB millions,
except percentages)		Q2 2020		Q2 2021		YoY Change
Wealth management		196.6		176.7		(10.1)%
Asset management	100.8	172.8	71.4%
Other businesses	22.1	(14.1)	N.A.
Total income from operations	319.5		335.4		5.0	%

• Net income attributable to Noah shareholders for the second quarter of 2021 was RMB305.5 million (US$47.3 million), a 2.0% increase from the corresponding period in 2020.
• Non-GAAP1 net income attributable to Noah shareholders for the second quarter of 2021 was RMB337.0 million (US$52.2 million), a 7.5% increase from the corresponding period in 2020.

SECOND QUARTER 2021 OPERATIONAL UPDATES

Wealth Management Business

We offer investment products and provide value-added services to high net worth investors in China and overseas for our wealth management business. Noah primarily distributes private equity, private secondary, mutual funds and other products denominated in RMB and other currencies.

1 Noah's Non-GAAP financial measures are its corresponding GAAP financial measures excluding the effects of all forms of share-based compensation, non-recurringshare-based settlement expenses and net of relevant tax impact, if any. See "Reconciliation of GAAP to Non-GAAP Results" at the end of this press release.

1