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

Q2 2021 Noah Holdings Ltd Earnings Call Transcript

Aug 18, 2021 / 12:00AM GMT
Release Date Price: $36.65 (-8.69%)
Operator

Good day, and welcome to the Noah Holdings Limited Second Quarter 2021 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, CFO. Please go ahead.

Qing Pan
Noah Holdings Limited - CFO

CEO.

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

CEO.

(foreign language)

Sonia Han

[Interpreted] For today's teleconference agenda, I will first report on Noah's overall performance in the second quarter of 2021, the development of major business segments and the progress of our key strategic projects. Next, I will walk you through Noah's changes and strategies from product driven to client oriented. Then we will invite our CFO, Mr. Qing Pan, to introduce the quarterly financial information, followed by a Q&A.

With the continuous adjustment of regulations, the compliance cost of the financial industry has increased, while compliance has

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