Noah Holdings reports rising profit margins and board changes

Noah Holdings Limited has reported its financial results for the second quarter ending June 30, 2026, highlighting a significant increase in profitability. The company achieved an operating profit margin of 34.8% for the quarter, while the first half of the year saw an operating profit margin of 36.3%, an 8.4 percentage point increase year-over-year.

The company attributed this growth to its organizational productivity model, which integrates an AI-powered wealth management platform, licensed professional teams, and ecosystem partners. This model achieved its first monthly profit in Singapore in July. Notably, despite a decrease in the number of overseas relationship managers, overseas assets under management (AUM) increased by 11.7% in USD terms.

In addition to financial performance, Noah announced changes to its Board of Directors. Ms. Tianjing Zhang has been appointed as an independent director, effective August 29, 2026. She succeeds Ms. Cynthia Jinhong Meng, who is retiring from her position as an independent director following three years of service.