诺亚控股2025中期报告

諾亞控股私人財富資產管理有限公司Noah Holdings Private Wealth and Asset Management Limited (於開曼群島以諾亞控股有限公司名義以有限責任註冊成立，並以諾亞控股私人財富資產管理有限公司於香港經營業務) 股份代號: 6686 中 期 報 告2025 24581327374894 20251 23(1) (FCG, HKFCG) 1226 1234 (1)20251 23 Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands PO Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands 1526 6686 NOAH ir.noahgroup.com •8835 183171712-1716 2025 2025CIO1 2025ARKARK 20256301,244.120241.7%2024630231.341.6%2025630327.5267.233.9%357.8 20246301630.6%164420282.0%20246303915.9%20256304142024630856.6%202563091 2025 862.72024881.82.2%(i)2024630324.13.5%2025630312.8(ii)2024630481.53.3%2025630465.7(iii)202463065.113.4%202563056.420253312024630 362.820246302.8%(i)20256301.4%(ii)2025630202423.7%Olive Asset Management20246301,5405.8%20256301,45141420246303915.9% 20256301174129 20249.6%12.7% 202411.2% 20249A75%2025180% ETF2025 2025 20242025202548%18.9% ARK ARK Wealth Management 202563018,80013.0%3,60012.5%916.6% Olive Asset Management 2025420282.0%3400.8%20256304145.9% Glory Family Heritage 2025Glory Family Heritage2025150 20242025 2024 20246301,274.81.6%20256 301,254.7 2024630881.82.2%2025630862.720256303312024630333 •2024630324.13.5%2025630312.8 •2024630481.53.3%2025630465.7•202463011.1151.6%202563027.9•202463065.113.4%202563056.4 2024630373.32.8%2025630362.820246301,5405.8%20256301,451 •202463044,00020256301.9•2024630342.01.4%2025630337.1•202463031.223.7%202563023.8 202463019.847.5%202563029.2 (1)(2)(3)(4)ARK Wealth Management(5)Olive Asset Management(6)Glory Family Heritage(7) 2024630237.99.6%2025630260.8 2024630393.612.5%2025630344.4 202463030.655.3%202563013.7 2024630329.111.4%2025630291.4 2024630188.716.7%2025630220.2OliveAsset Management 202463067.631.9%20256 3089.2 202463027.428.1%202563035.0 (i)(ii)(iii)(iv)(v) 20246301,009.911.2%2025630897.1 20242025630 2024630747.612.4%2025630654.6 2024630201.325.6%2025630149.7 202463061.151.8%202563092.7 202463095.040.7%202563056.4 2024630114.553.6%202563053.1 202463082.455.2%202563036.9 2024630287.228.4%2025630205.6 202463045.825.6%202563057.5Olive Asset Management 202463038.547.2%202563056.7 2024630346.324.4%2025630430.8 2024630685.812.0%2025630603.2 2024630540.310.9%2025630481.720246.9%202463014.6% 2024630124.113.9%2025630106.9 (i)(ii)2024630124.28.7%2025630113.4 202463090.914.0%202563078.2 202563024.4202463024.2 2024630151.010.2%2025630135.62025 202463097.29.2%202563088.32025 202463033.09.2%202563029.9 44.020246300.4 20256306.320246304.7 20256300.120246300.9 202563037.820246306.0 202463063.261.6%202563024.32025 202463023.824.7%202563017.9 20256305.7202463023.52025 202463015.924.2%202563012.0 202463013.968.9%202563023.4 20246309.390.2%202563017.7 20246304.427.6%20256305.72025 2024630255.535.8%2025630347.012.0% 2024630116.940.2%202563069.9 202563035.7202463053.9 2024630235.639.4%2025630328.4 20256303,821.820256308.612 2025630 202563020241231 2025630 202563017.7%2024123115.0% 202563089.6%2024123189.9% 2025630202412 31 2025630467.320241231476.115 2025630 202563048.2202463034.7202563020241231 202563020241231 1,9082025630 2022202220221114 2025630XV(a)XV78(b)352(c) (1)L(2)(3)2025630337,540,826(4)Jing Investors Co., Ltd.Jing Investors68,527,850483,905Ark Trust (Singapore) Ltd.Ark Trust (Singapore)Ark Trust (Singapore)Norah Family TrustJing InvestorsMagic BeamsEnterprises Ltd.Magic Beams Enterprises Ltd.Ark Trust (Singapore)ArkTrust (Singapore)Jing InvestorsArk Trust (Singapore)Jing InvestorsJing Investors(5)Yin Investment Co., Ltd.16,996,430483,905Rhythm Profit Investment Ltd.Rhythm Profit Investment Ltd.ARK Trust (Hong Kong) LimitedYin Investment Co.,Ltd.(6)Jia Investment Co., Ltd.20,263,835Jia Investment Co., Ltd.(7)Quan Investment Co., Ltd.16,398,720Quan Investment Co., Ltd.(8)180,000 2025630XV(a)352(b) 2025630XV23336 (1)(6)(1)(7) (7)Yiheng Capital Partners, L.P.33,598,610Yiheng CapitalManagement, LPYuanshan GuoYiheng Capital Management, LP (8)FIL Limited23,306,480FIL LimitedPandanus Partners L.P.Pandanus Associates Inc. 2025630XV23336 2022 2022202212 16202212232022202211 14 20222022 2022 (1)202310302022(2)20222022(3)(4)14(5)(6)20231229(a)I100%12(b)II(i)(1/3)(ii)(2/3)30(c)III(i)25%(ii)75%36202412(7)202432925%202461275%2024422024425(8)20243292024122025%75%20244220241223(9)202533125%75%202541(10)(i)(ii)(11)202432811.43 600,0000.17%349,281,037600,000150,0002022 20248292024829 739,8343,699,1706,639,063.3720256301,352,5366,762,680 2024822 13.51B(1) 202413.51B(1) •202411 202413.51B(1) 2025630 315.6 2025630 (1)20241231 30 2025630109358.5 20221299.020221212 20243 2025199.070%99.0 2025630 20242024(i)AB818595(ii)20248182232025630 1(i)17,833178,33235,666(ii) 20256303,764,60537,646,0507,529,2101,871,48218,714,8163,742,9631,893,12318,931,2343,786,247 2025630(i)3,99739,9707,994(ii)4,51645,1629,032(iii)5,77257,72011,544 2025630 13.2013.2113.22 2025630•241