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Summary of Principal Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2021
Summary of Principal Accounting Policies |
Amounts of Noah Investment and its Subsidiaries and the Consolidated Funds Included in Consolidated Financial Statements | The following amounts of Noah Investment and its subsidiaries and the consolidated funds were included in the Group’s consolidated financial statements and are presented before the elimination of intercompany transactions with the non-VIE subsidiaries of the Group. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31,
​ | ​ | (Amount in Thousands)
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | US$
Cash and cash equivalents |  | 839,534 |  | 1,181,479 | ​ | 185,400
Restricted cash |  | 3,585 |  | 510 | ​ | 80
Short-term investments |  | 75,000 |  | 9,662 | ​ | 1,516
Accounts receivable, net |  | 133,956 |  | 475,652 | ​ | 74,640
Amounts due from related parties, net |  | 350,879 |  | 276,744 | ​ | 43,427
Loans receivables, net | ​ | 104,673 | ​ | 50,884 | ​ | 7,985
Other current assets |  | 31,613 |  | 53,247 | ​ | 8,356
Long-term investments |  | 280,624 |  | 300,720 | ​ | 47,190
Investment in affiliates |  | 740,452 |  | 854,138 | ​ | 134,033
Property and equipment, net |  | 18,134 |  | 43,971 | ​ | 6,900
Operating lease right-of-use assets, net | ​ | 19,010 | ​ | 15,031 | ​ | 2,359
Deferred tax assets |  | 41,149 |  | 63,312 | ​ | 9,935
Other non-current assets |  | 14,519 |  | 7,620 | ​ | 1,196
Total assets |  | 2,653,128 |  | 3,332,970 | ​ | 523,017
Accrued payroll and welfare expenses |  | 166,411 |  | 381,653 | ​ | 59,890
Income tax payable |  | 99,889 |  | 149,226 | ​ | 23,417
Amounts due to the Group’s subsidiaries* |  | 143,454 |  | 179,325 | ​ | 28,140
Deferred revenue |  | 8,016 |  | 6,721 | ​ | 1,055
Other current liabilities |  | 171,753 |  | 238,738 | ​ | 37,463
Deferred tax liabilities |  | 3,070 |  | 254 | ​ | 40
Other non-current liabilities | ​ | — | ​ | 53,119 | ​ | 8,336
Operating lease liabilities, non-current | ​ | 20,123 | ​ | 15,512 | ​ | 2,434
Total liabilities |  | 612,716 |  | 1,024,548 | ​ | 160,775
​ *Amounts due to the Group’s subsidiaries are eliminated in the process of preparing the consolidated balance sheets. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
​ | ​ | (Amount in Thousands)
​ |  | 2019 |  | 2020 |  | 2021 |  | 2021
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | US$
Revenue: |  |  |  |  |  |  |  |
Revenues from others |  |  |  |  |  |  |  |
One-time commissions |  | 71,528 |  | 161,272 |  | 552,761 | ​ | 86,740
Recurring service fees |  | 3,032 |  | — |  | 50,817 | ​ | 7,974
Other service fees |  | 124,837 |  | 84,752 |  | 69,951 | ​ | 10,977
Total revenues from others |  | 199,397 |  | 246,024 |  | 673,529 | ​ | 105,691
Revenues from funds Gopher manages |  |  |  |  |  | ​ |  | ​
One-time commissions |  | 3,660 |  | 36,290 |  | 86,801 | ​ | 13,621
Recurring service fees |  | 615,999 |  | 569,154 |  | 588,337 | ​ | 92,323
Performance-based income |  | 53,010 |  | 133,276 |  | 165,791 | ​ | 26,016
Total revenues from funds Gopher manages |  | 672,669 |  | 738,720 |  | 840,929 | ​ | 131,960
Total revenues(1) |  | 872,066 |  | 984,744 |  | 1,514,458 | ​ | 237,651
Less: VAT related surcharges |  | (4,916) |  | (6,155) |  | (9,350) | ​ | (1,467)
Net revenues |  | 867,150 |  | 978,589 |  | 1,505,108 | ​ | 236,184
Total operating cost and expenses(2) |  | (565,203) |  | (524,913) |  | (867,215) | ​ | (136,085)
Total other income |  | 51,370 |  | 68,444 |  | 23,868 | ​ | 3,745
Net income |  | 289,514 |  | 393,299 |  | 616,421 | ​ | 96,729
Net income attributable to Noah Holdings Limited shareholders |  | 278,827 |  | 393,508 |  | 621,010 | ​ | 97,449
Cash flows provided by (used in) operating activities(3) |  | 761,312 |  | (409,359) |  | 562,400 | ​ | 88,253
Cash flows (used in) provided by investing activities |  | (345,092) |  | 357,026 |  | (207,114) | ​ | (32,501)
Cash flows provided (used in) by financing activities |  | 20,670 |  | — |  | (16,416) | ​ | (2,576)
(1) | The total revenues include intragroup transactions amounted to RMB 50,670, RMB 43,101 and RMB 38,399 for the years ended December 31, 2019, 2020 and 2021, respectively, which were eliminated in the process of preparing the consolidated statements of operations.
(2) | The total operating cost and expenses include intragroup transactions amounted to RMB 184,712, RMB 141,702 and RMB 186,962 for the years ended December 31, 2019, 2020 and 2021, respectively, which were eliminated in the process of preparing the consolidated statements of operations.
(3) | Cash flows provided by operating activities in 2019, 2020 and 2021 include amounts due to the Group’s subsidiaries of RMB 583,347, RMB 143,454 and RMB 179,325 (US$28,140).
Summary of Maximum Exposure to Loss Associated with Identified Nonconsolidated VIEs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | (Amount in Thousands)
​ |  | 2020 |  | 2021 |  | 2021
​ | ​ | RMB | ​ | RMB | ​ | US$
Amounts due from related parties |  | 47,024 |  | 40,401 | ​ | 6,340
Investments |  | 599,328 |  | 497,154 | ​ | 78,014
Maximum exposure to loss in non-consolidated VIEs |  | 646,352 |  | 537,555 | ​ | 84,354
Summary of Effects of Changes in Group's Ownership Interest in Less than Wholly Owned Subsidiaries on Equity Attributable to Noah Holdings Limited Shareholders | The following schedule shows the effects of changes in the Company’s ownership interest in less than wholly owned subsidiaries on equity attributable to Noah Holdings Limited shareholders: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
​ | ​ | (Amount in Thousands)
​ |  | 2019 |  | 2020 |  | 2021 |  | 2021
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | US$
Net income (loss) attributable to Noah Holdings Limited shareholders |  | 829,151 |  | (745,225) |  | 1,314,131 | ​ | 206,215
Transfers from (to) the non-controlling interests: |  | ​ |  | ​ |  | ​ |  | ​
Increase (decrease) in Noah’s equity by acquiring equity interests from non-controlling interests |  | — |  | 373 |  | (187,090) |  | (29,359)
Increase in Noah’s equity from divestment of non-controlling interests |  | — |  | — |  | 3,547 |  | 557
Increase in Noah’s capital from contribution of non-controlling interests |  | 17,640 |  | — |  | 15,689 | ​ | 2,462
Net transfers from (to) non-controlling interests | ​ | 17,640 | ​ | 373 | ​ | (167,854) | ​ | (26,340)
Change from net income (loss) attributable to Noah Holdings Limited shareholders and transfers from (to) non-controlling interests | ​ | 846,791 | ​ | (744,852) | ​ | 1,146,277 | ​ | 179,875
Schedule of Estimated Useful Lives of Property and Equipment | Property and equipment is stated at cost less accumulated depreciation, and is depreciated using the straight-line method over the following estimated useful lives: ​
​ | ​ | ​
​ |  | Estimated Useful Lives in Years
Leasehold improvements |  | Shorter of the lease term or expected useful life
Furniture, fixtures, and equipment |  | 3 - 5 years
Motor vehicles |  | 5 years
Software |  | 2 - 5 years
Buildings |  | 30 years
Schedule of Primary Revenue Streams from Contracts with Customers | ​
Revenue Streams |  | Performance Obligation Satisfied Over Time or Point In Time |  | Payment Terms |  | Variable or Fixed Consideration
One-time commissions - Fund distribution services | ​ | Point in time | ​ | Typically paid within a month after investment product established | ​ | Fixed
One-time commissions - Insurance brokerage services | ​ | Point in time | ​ | Typically paid within a month after insurance policy issued and/or renewed | ​ | Fixed and Variable
Recurring service fees | ​ | Over time | ​ | Typically quarterly, semi-annually or annually | ​ | Variable
Performance-based income | ​ | Point in time | ​ | Typically paid shortly after the income has been determined | ​ | Variable
Lending services | ​ | Over time | ​ | Typically monthly in arrears | ​ | Fixed
Investor education services | ​ | Point in time | ​ | Typically paid at the beginning of each course | ​ | Fixed
Schedule of Disaggregation of Revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2019
​ | ​ | (Amount in Thousands)
​ | ​ | Wealth Management | ​ | Assets Management | ​ | Other | ​ | ​
​ |  | Business |  | Business |  | Business |  | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
One-time commissions | ​ | 928,061 | ​ | 3,607 | ​ | — | ​ | 931,668
Recurring service fees |  | 1,155,450 |  | 690,015 |  | — |  | 1,845,465
Performance-based income |  | 23,430 |  | 89,655 |  | — |  | 113,085
Other service fees |  | 222,912 |  | 4,274 |  | 295,772 |  | 522,958
Lending services |  | 91,164 |  | — |  | 285,473 |  | 376,637
Other services(1) |  | 131,748 |  | 4,274 |  | 10,299 |  | 146,321
Total revenues |  | 2,329,853 |  | 787,551 |  | 295,772 |  | 3,413,176
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2020
​ | ​ | (Amount in Thousands)
​ | ​ | Wealth Management | ​ | Assets Management | ​ | Other | ​ | ​
​ |  | Business |  | Business |  | Business |  | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
One-time commissions |  | 766,246 | ​ | 42,591 | ​ | — | ​ | 808,837
Recurring service fees |  | 1,284,447 | ​ | 645,752 | ​ | — | ​ | 1,930,199
Performance-based income |  | 205,305 | ​ | 184,220 | ​ | — | ​ | 389,525
Other service fees |  | 123,458 | ​ | 7,451 | ​ | 65,242 | ​ | 196,151
Lending services |  | 13,530 | ​ | — | ​ | 65,242 | ​ | 78,772
Other services(1) |  | 109,928 | ​ | 7,451 | ​ | — | ​ | 117,379
Total revenues |  | 2,379,456 | ​ | 880,014 | ​ | 65,242 | ​ | 3,324,712
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2021
​ | ​ | (Amount in Thousands)
​ | ​ | Wealth Management | ​ | Assets Management | ​ | Other | ​ | ​
​ |  | Business |  | Business |  | Businesses |  | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
One-time commissions |  | 1,180,900 | ​ | 90,516 | ​ | — | ​ | 1,271,416
Recurring service fees |  | 1,469,600 | ​ | 639,409 | ​ | — | ​ | 2,109,009
Performance-based income |  | 469,121 | ​ | 315,072 | ​ | — | ​ | 784,193
Other service fees |  | 92,352 | ​ | 1,390 | ​ | 68,240 | ​ | 161,982
Lending services |  | 4,471 | ​ | — | ​ | 35,755 | ​ | 40,226
Other services(1) |  | 87,881 | ​ | 1,390 | ​ | 32,485 | ​ | 121,756
Total revenues |  | 3,211,973 | ​ | 1,046,387 | ​ | 68,240 | ​ | 4,326,600
(1) | The Group also provides other services including education services, family trust and other services.
Schedule of Changes in Reserve for Allowances for Doubtful Accounts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | (Amounts in thousands)
​ | ​ | Amounts due | ​ | Accounts | ​ | Loan receivables | ​ | Other financial
​ | ​ | from related parties | ​ | receivable | ​ | from factoring business | ​ | receivables
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
Balance at beginning of 2019 |  | — |  | — |  | — |  | —
Provisions |  | 14,602 |  | 11,858 |  | 82,000 |  | 16,912
Write off |  | (14,602) |  | (11,858) |  | (82,000) |  | (16,912)
Balance at end of 2019 |  | — |  | — |  | — |  | —
Provisions | ​ | 4,006 | ​ | 29 | ​ | — | ​ | —
Write off | ​ | — | ​ | (29) | ​ | — | ​ | —
Balance at end of 2020 | ​ | 4,006 | ​ | — | ​ | — | ​ | —
Provisions | ​ | 26,122 | ​ | 458 | ​ | — | ​ | 4,000
Write off | ​ | — | ​ | — | ​ | — | ​ | —
Balance at end of 2021 | ​ | 30,128 | ​ | 458 | ​ | — | ​ | 4,000

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