In the Q4, Noah Holdings Ltd's corporate clients experienced a fall by -37.06 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 3.33 %. During the corresponding time, Noah Holdings Ltd recorded a revenue increase by 9.41 % year on year, While revenue at the Noah Holdings Ltd's corporate clients recorded rose by 13.14 % year on year, sequentially revenue grew by 11.22 %.
Customers of Noah Holdings Ltd saw their costs of revenue fall by -37.06 % in Q4 compare to a year ago, sequentially costs of revenue grew by 3.33 %, for the same period Noah Holdings Ltd recorded revenue increase by 9.41 % year on year,
Noah Holdings Ltd's Comment on Sales, Marketing and Customers
As of December 31, 2025, the company serves approximately 18,450 active clients through its mutual fund SaaS platform, Smile Treasury, operated by Noah Upright. Clients are segmented into five categories based on Assets Under Administration (AUA): ivory, gold, platinum, diamond, and black card. Among these, there were 2,299 black card clients with AUA exceeding RMB 50 million, and 7,008 diamond card clients with AUA between RMB 10 million and RMB 50 million. The company follows comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures in compliance with regulations in mainland China and other jurisdictions. These procedures include client identity verification, source of funds assessment, risk tolerance evaluation, and qualification for investment products. Relationship managers regularly update client risk profiles and investment preferences through ongoing follow-ups.
Noah Holdings Ltd’s Comment on Sales, Marketing and Customers
As of December 31, 2025, the company serves approximately 18,450 active clients through its mutual fund SaaS platform, Smile Treasury, operated by Noah Upright. Clients are segmented into five categories based on Assets Under Administration (AUA): ivory, gold, platinum, diamond, and black card. Among these, there were 2,299 black card clients with AUA exceeding RMB 50 million, and 7,008 diamond card clients with AUA between RMB 10 million and RMB 50 million. The company follows comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures in compliance with regulations in mainland China and other jurisdictions. These procedures include client identity verification, source of funds assessment, risk tolerance evaluation, and qualification for investment products. Relationship managers regularly update client risk profiles and investment preferences through ongoing follow-ups.
Sources:
Noah Holdings Ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Noah Holdings Ltd’s corporate clients.
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