Noah Holdings Limited (NOAH) Q3 2024 Earnings Call Transcript Summary
Noah Holdings Limited (NOAH) Q3 2024 Earnings Call Transcript Summary
Increased focus on US dollar denominated investment products saw substantial growth contributing RMB191 million, up 42.5% year-over-year.The following is a summary of the Noah Holdings Limited (NOAH) Q3 2024 Earnings Call Transcript:
以下是諾亞控股有限公司（NOAH）2024年第三季度業績會議呼叫文本摘要：
Financial Performance:
財務表現：
Total revenue decreased by 8.8% year-over-year but increased by 11% sequentially, mainly due to significant growth in overseas business segments.
Revenue split showed a sharp contrast with a 28.9% increase in overseas revenues and a 32.6% decrease in revenues from mainland China.
Increased focus on US dollar denominated investment products saw substantial growth contributing RMB191 million, up 42.5% year-over-year.
Net revenue specifically from the overseas segment during the third quarter reached RMB377 million, a 28.9% increase year-on-year, representing 55.1% of the total revenue.
A significant drop in Mainland China revenues, with net revenues contributing RMB312 million, marking a decrease of 32.6% year-on-year.
總營業收入同比下降8.8%，但按季度增長11%，主要是由於境外業務板塊大幅增長。
營業收入分拆顯示出明顯對比，境外營收增長28.9%，而中國大陸營收下降32.6%。
加大對美元計價的投資產品的重點關注，實現重要增長，貢獻了19100萬人民幣，同比增長42.5%。
第三季度來自境外業務板塊的淨收入達到37700萬人民幣，同比增長28.9%，佔總收入的55.1%。
中國大陸收入顯著下降，淨收入貢獻31200萬人民幣，同比下降32.6%。
Business Progress:
業務進展：
Strategic expansion into international wealth management focusing on Mandarin-speaking clients globally, including the establishment of ARK Private Wealth, Olive Asset Management, and Glory Family Heritage to handle varied investment and insurance needs.
Consolidation and reorganization of domestic operations focusing on compliance, reduced costs, and client education.
Growth in overseas client management and AUA, with key financial hubs in Hong Kong, Singapore, and the US.
戰略擴展到國際财富管理，重點放在全球講普通話的客戶，包括成立ARk Private Wealth、Olive Asset Management和Glory Family Heritage來處理不同的投資和保險需求。
整合和重新組織國內業務，側重於合規性、降低成本和客戶教育。
境外客戶管理和AUA的增長，在香港、新加坡和美國的主要金融中心。
Opportunities:
機會：
Expansion into global markets meets increasing demand from Mandarin-speaking expatriates and businesses relocating overseas, leveraging ARK Wealth for client engagements abroad.
Shift towards an online-first business model with the adoption of iARK, enhancing online service capabilities and deepening market penetration.
進軍全球市場，滿足不斷增長的講普通話的海外僑民和企業轉移海外的需求，並利用ARk Wealth進行海外客戶互動。
轉向在線優先的業務模式，採用iARk，增強在線服務能力，深化市場滲透。
Risks:
風險：
Decline in revenues from the Mainland China segment creates concern over the sustained capability to bounce back in domestic markets amidst tightening regulations and economic pressures.
來自中國大陸業務部門的營業收入下降，令人擔憂在監管趨嚴和經濟壓力下在國內市場中持續反彈的能力。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
