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

Stocks in this article: NOAH

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) +1-888-286-8010 or (US Toll) +1-617-801-6888. Passcode: 15609938.

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