Noah Holdings Limited Announces 2010 Fourth Quarter And Fiscal Year 2010 Financial Results

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 FORECAST

The 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:

			Toll Free			Toll
• United States			1 866 362-4831			1 617 597-5347
• China			10-800-130-0399
• South China			China Telecom
			10-800-120-2655/
			10-800-152-1490
• North China			China Netcom
			10-800-852-1490/
			10-800-7122-655
• Hong Kong			800 96 3844
• United Kingdom			080-8234-7616
Participant Passcode			"NOAH"

A telephone replay will be available shortly after the call until March 4, 2011 at (US Toll Free) [phone] or (US Toll) [phone]. Passcode: 15609938.

« First ‹ Previous ... 2 3 4 5 6 7 8 9 10 ... Next › Last »