Balance Sheet and Cash Flow
As of December 31, 2010, the Company had US$133.3 million in cash and cash equivalents, an increase of US$111.5 million from US$21.8 million as of September 30, 2010. In the fourth quarter of 2010, the Company generated US$11.5 million from operating activities, invested US$4.4 million in fixed income products and used US$0.5 million to acquire property and equipment.
The Company received net proceeds of US$105 million as the result of its New York Stock Exchange listing completed on November 10, 2010.
FISCAL YEAR 2011 FORECASTThe Company estimates that non-GAAP net income attributable to Noah Shareholders for the fiscal year 2011 is expected to be in the range of US$21.0 million and US$25.0 million, representing a year-over-year increase in the range of 56.7% and 86.6%. This estimate reflects management’s current business outlook and is subject to change. CONFERENCE CALL Senior management will host a conference call at 8:00 am (Eastern) / 5:00 am (Pacific) / 9:00 pm (Beijing) on Friday, February 25, 2011 to discuss its fourth quarter and full year 2010 financial results and recent business activity. The conference call may be accessed by calling the following numbers:
|• United States||1 866 362-4831||1 617 597-5347|
|• South China||China Telecom|
|• North China||China Netcom|
|• Hong Kong||800 96 3844|
|• United Kingdom||080-8234-7616|
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