05:21 PM EDT, 03/25/2025 (MT Newswires) -- Noah Holdings ( NOAH ) reported Q4 non-GAAP net income late Tuesday of 1.87 Chinese renminbi ($0.26) per diluted American depository share, down from 3.36 renminbi a year earlier.

Net revenue after VAT related surcharges in the three months ended Dec. 31 fell to 651.9 million renminbi from 799.5 million renminbi a year earlier.

Shares of the company dropped 3.6% in recent after-hours trading.