Noah Holdings (06686) has released its interim results for the six months ended June 30, 2026, showing net revenues of RMB 1.246 billion, a marginal 0.1% increase year-over-year. Net income attributable to shareholders rose 9% to RMB 357 million, with basic earnings per share reaching RMB 1.04.
In the second quarter of 2026, the group posted net revenues of RMB 620 million, while net income attributable to Noah shareholders jumped 30.0% from the same period in 2025 to RMB 232 million. Despite a challenging landscape, the company remains committed to expanding its international footprint and strengthening its influence and asset share among global Chinese clients.
As of June 30, 2026, the number of registered clients outside mainland China grew 11.0% to 21,059, up from 18,967 a year earlier. Meanwhile, assets under management allocated abroad (including distributed products but excluding those tied to the group's online securities services) rose 1.8% to RMB 66.3 billion (USD 9.8 billion), compared with RMB 65.2 billion at the end of June 2025. Additionally, the AUM linked to the group's online securities services, which is not included in the aforementioned figure, increased 7.6% to RMB 2.8 billion (USD 400 million) from RMB 2.6 billion.
Product fundraising outside mainland China remained broadly stable during the reporting period, reaching RMB 16.7 billion versus RMB 16.4 billion in the prior-year period. The group's mainland China operations continue to navigate a complex macroeconomic environment. Total revenue from its three domestic business segments surged 23.0% to RMB 761 million for the six-month period, up from RMB 619 million a year ago.
Looking ahead, Noah believes that the growing sophistication of global Chinese investors and their rising demand for diversified investment solutions align well with its evolving product offerings. The group intends to keep investing in talent development and technology infrastructure to capitalize on emerging opportunities. As mainland China's capital market conditions shift, Noah is confident that its established brand recognition and operational principles will underpin long-term, sustainable growth.