Noah Holdings Ltd (NYSE:NOAH)
$ 11.84 -0.07 (-0.59%) Market Cap: 783.44 Mil Enterprise Value: 125.91 Mil PE Ratio: 10.24 PB Ratio: 0.57 GF Score: 70/100
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Q1 2021 Noah Holdings Ltd Earnings Call Transcript

May 11, 2021 / 12:00AM GMT
Release Date Price: $42.52 (-1.44%)
Operator

Good evening, and welcome to the Noah Holdings 1Q '21 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Ms. Jingbo Wang. Please go ahead.

Jingbo Wang
Noah Holdings Limited - Co-Founder, Chairwoman & CEO

(foreign language)

Sonia Han

[Interpreted] For the teleconference agenda today, I will first introduce the overall performance of Noah in the first quarter of 2021, the development of our major business segments and the strategy of the group, then talk about the changes and progress of Noah's management thinking from product-driven to client-oriented. We will then brief you on Noah's planning to purchase a headquarter premises located in the core zone of Hongqiao CBD in Shanghai. After that, please welcome Pan Qing to introduce the financial results of the quarter, followed by the Q&A.

Looking back to 2020, it's a year full of challenges and uncertainty. However, all staff of Noah, faced with such

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