Noah Holdings Announces Q2 Results & $50M Buyback
Ticker: NOAH · Form: 6-K · Filed: Aug 28, 2024 · CIK: 1499543
Sentiment: mixed
Topics: financial-results, share-repurchase, foreign-private-issuer
TL;DR
Noah Holdings dropped Q2 earnings and a $50M buyback plan.
AI Summary
Noah Holdings Limited filed a Form 6-K on August 28, 2024, announcing its unaudited financial results for the second quarter of 2024. The filing also disclosed a new US$50 million share repurchase program, indicating the company's commitment to returning value to shareholders.
Why It Matters
The announcement of Q2 financial results provides insight into the company's recent performance, while the significant share repurchase program signals management's confidence in the company's valuation and future prospects.
Risk Assessment
Risk Level: medium — The company is a foreign private issuer, and the filing contains unaudited financial results, which inherently carry more risk than audited statements.
Key Numbers
- US$50 Million — Share Repurchase Program (Indicates management's confidence and commitment to shareholder value.)
Key Players & Entities
- Noah Holdings Limited (company) — Registrant
- Qing Pan (person) — Signatory for the filing, Title: C
- US$50 Million (dollar_amount) — Share Repurchase Program amount
FAQ
What were Noah Holdings' unaudited financial results for the second quarter of 2024?
The filing references Exhibit 99.1, which contains the press release announcing the unaudited financial results for the second quarter of 2024, but the specific figures are not detailed within the main body of the 6-K.
When was the Form 6-K filed?
The Form 6-K was filed on August 28, 2024.
What is the total value of the announced share repurchase program?
The share repurchase program is for US$50 million.
Who signed the Form 6-K on behalf of Noah Holdings Limited?
The Form 6-K was signed by Qing Pan, who holds the title of C.
What is the primary business address of Noah Holdings Limited?
The primary business address is No. 1226, South Shenbin Road, Minhang District, Shanghai, People's Republic of China.
Filing Stats: 170 words · 1 min read · ~1 pages · Grade level 12.3 · Accepted 2024-08-28 17:00:16
Key Financial Figures
- $50 Million — lease — Noah Holdings Announces US$50 Million Share Repurchase Program SIGNATURE
Filing Documents
- tm2422883d1_6k.htm (6-K) — 10KB
- tm2422883d1_ex99-1.htm (EX-99.1) — 598KB
- tm2422883d1_ex99-2.htm (EX-99.2) — 14KB
- 0001104659-24-094047.txt ( ) — 623KB
From the Filing
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 2024 Commission File Number: 001-34936 Noah Holdings Limited (Registrant’s name) No. 1226, South Shenbin Road, Minhang District, Shanghai, People’s Republic of China +86 (21) 8035-8292 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F EXHIBIT INDEX Exhibit 99.1 Press Release — Noah Holdings Limited Announces Unaudited Financial Results for the Second Quarter of 2024 Exhibit 99.2 Press Release — Noah Holdings Announces US$50 Million Share Repurchase Program 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 28, 2024