Noah (ADR) (NOAH)
Serves global Chinese high-net-worth clients through wealth advisory, asset management, and insurance brands.
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Provides wealth advisory, investment-product distribution, asset management, and insurance services through domestic and overseas brands. Its network spans mainland China, Hong Kong, Singapore, Japan, and U.S. markets for global Chinese high-net-worth clients.
Domestic operations include Noah Upright for public securities, Gopher for asset management, and Glory for insurance. Overseas businesses include ARK Wealth Management, Olive Asset Management, and Glory Family Heritage, combining wealth, asset-management, insurance, and comprehensive services.
Services target global Chinese high-net-worth clients across mainland China, Hong Kong, Singapore, Japan, and U.S. markets. The platform pairs advisory and investment-product distribution with domestic and offshore asset-management capabilities.
Operations depend on relevant fund-distribution, securities-dealing, advisory, and asset-management licences across its markets. The company stopped offering single-counterparty non-standardized private-credit products after the 2019 Camsing incident.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Mar 26, 2026 | JP Morgan | Downgrade | ||
| Dec 22, 2025 | UBS | Reiterate | Rating: —Target: $11.50 | Target: $10 |
| Apr 9, 2025 | JP Morgan | Upgrade | ||
| Oct 24, 2024 | UBS | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $753.1M · Total debt $7.6M · Total assets $1.74B · Shareholders' equity $1.39B
- Revenue
- $92.5M
- Operating income
- $32.2M
- Net income
- $34.6M
Reported in CNY, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 37.04% | 24.72M ADS | |
|---|---|---|---|
| 92 holders · as of Jun 30, 2026 | |||
| Insiders | 37.07% | 24.74M ADS | |
| 6 holders · as of Jun 30, 2026 | |||
| Other | 25.89% | 17.29M ADS | |
| remainder | |||
66.75M ADS (1 ADS = 5 ordinary shares) as of Sep 12, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jingbo (Norah) WangInsiderdirector, 10 percent owner | 20.60% | 68.74M ordinary | filed Jun 30, 2026 |
FIL LtdInstitution | 10.09% | 6.74M ADS | as of Jun 30, 2026 |
Yiheng Capital Management, L.P.Institution | 10.06% | 6.72M ADS | as of Jun 30, 2026 |
Chia-Yue ChangInsiderdirector | 6.07% | 20.26M ordinary | filed Mar 16, 2026 |
Zhe YinInsiderdirector, officer: CHIEF EXECUTIVE OFFICER | 5.16% | 17.21M ordinary | filed Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Noah (ADR) | $8.07 | −1.71% | $548.0M | 1.3 | — | 1.4 | +3.9% |
| UBS (ADR) | $47.88 | −2.66% | $161.24B | 17.4 | 11.9 | 2.1 | +15.6% |
| Futu (ADR) | $111.12 | −2.80% | $15.95B | 11.3 | 10.3 | 4.8 | +35.7% |
| Median | 14.4 | 11.1 | 3.5 | +25.6% |