Noah Holdings: Profitability and investment product growth surged, with AI and global expansion accelerating
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Q3 saw non-GAAP net income surge over 50% year-on-year, driven by a shift toward investment products and improved margins, despite softer insurance revenues. AI initiatives and global expansion advanced, with a strong balance sheet supporting future growth.
Based on Noah Holdings Q3 2025 Audio Transcript — Nov. 26 2025
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