Noah Holdings Ltd., a prominent wealth management service provider, announced its financial results for the second quarter of 2025, reporting a strong rebound in profitability. The company's net revenues reached RMB 630 million (US$87.9 million), marking a 2.2% increase compared to the previous year. Non-GAAP net income surged by 78.2% year-over-year and 12.0% sequentially, totaling RMB 189 million (US$26.4 million). Income from operations grew by 20.2% year-over-year to RMB 161 million (US$22.5 million). For the first half of 2025, Noah reported net revenues of RMB 1.24 billion, with non-GAAP net income improving by 33.9% year-over-year to RMB 358 million. The company's revenue structure showed significant enhancement, with revenue from the distribution of investment products increasing by 92.0% year-over-year and 30.6% sequentially. This growth reflects the effectiveness of Noah's strategic initiatives to enhance operational efficiency and expand its global presence. CEO Zander Yin highlighted the company's resilience in a challenging market environment, noting that overseas revenues now constitute nearly half of the total net revenues. The transaction value for RMB-denominated products increased 35.0% year-over-year, while USD-denominated transaction value rose 5.2% year-over-year, contributing to a total transaction value of RMB 17.0 billion, up 17.7% year-over-year.