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Noah Holdings Limited (NOAH) Q1 2023 Earnings Call Transcript

May 31, 2023 10:52 AM ETNoah Holdings Limited (NOAH) Stock
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Noah Holdings Limited (NYSE:NOAH) Q1 2023 Results Conference Call May 30, 2023 8:00 PM ET

Company Participants

Melo Xi - IR

Wang Jingbo - CEO

Grant Pan - CFO

Conference Call Participants

Helen Lee - UBS

Chiyao Huang - Morgan Stanley

Melo Xi

Good morning, everyone, and welcome to Noah's 2023 First Quarter Earnings Call. I'm Melo Xi, Director of Investor Relations at Noah Group. Presenters joining us today are Ms. Wang Jingbo, our Co-Founder, Chair Lady and CEO; and Mr. Grant Pan, our CFO. I'd also like to inform you that we're currently live from our new headquarters, Noah Wealth Center located at Hongqiao, Shanghai.

Before we start, we would like to kindly remind you that during today's call, we may make forward-looking statements based on our current expectation of the business. Please keep in mind that these statements are subject to risks and uncertainties that may cause Noah's actual results to differ from these statements. We do not undertake any duty to update these statements. For discussions of some of the risks that could affect results, please see the safe harbor statement section of our 6-K filing.

We'll also refer to certain non-GAAP measures, and you'll find reconciliations in our 6-K report made available on the Financial Reports section of Noah's Investor Relations website. Also, please note that nothing on this call constitutes an offer to sell or solicitation of an offer to purchase any interest in any Noah or Noah-affiliated products. This call is copyrighted material of Noah, and may not be duplicated without consent.

With that, I would like to welcome our Chair Lady and CEO, Ms. Wang Jingbo.

Wang Jingbo

[Foreign Language]

Melo Xi

For the agenda of today's conference call, I'd like to first talk about the macroeconomic environment, Noah's global expansion progress and then report

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