Noah Holdings Limited (NYSE:NOAH) Q2 2024 Results Earnings Conference Call August 29, 2024 8:00 PM ET

Company Participants

Melo Xi - Senior Director and Head of Global Capital Markets
Zhe Yin - Co-founder, Chief Executive Officer and Chairman of Gopher Asset Management
Qing Pan - Group Chief Financial Officer
Jingbo Wang - Co-founder and Chairperson

Conference Call Participants

Peter Zhang - J.P. Morgan

Operator

Good day. And welcome to the Noah Holdings Second Quarter and Half Year 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. This event is being recorded.

I would now like to turn the conference over to Mr. Melo Xi, Investor Relations Director. Please go ahead, sir.

Melo Xi

Thank you, operator. Good morning, and welcome to Noah's 2024 second quarter earnings call. Joining me on the call today are Ms. Wang, Jingbo, our Co-Founder and Chair Lady; Mr. Zander Yin, our Co-Founder, Director and CEO; and Mr. Grant Pan, our CFO. Mr. Yin will begin with an overview of our recent business highlights, followed by Mr. Pan, who will discuss our financial and operational results. They will all be available to take your questions in the Q&A session that follows.

Before we begin, please note that the discussion today will contain forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially from those in our forward-looking statements. Potential risks and uncertainties include, but are not limited to, those outlined in our public filings with ICC and the Hong Kong Stock Exchange. Noah does not undertake any obligation to update any forward-looking statements, except as required under applicable law.

With that, I would like to pass the call over to Mr. Yin. Please go ahead.

Zhe Yin

[Foreign Language]

Thank you. Good morning or evening to everyone. Our domestic business model has undergone significant restructuring lately, including the clear separation between our domestic and international business, optimization of our operating model and adjustments to our organization structure and relationship manager team. As a result, we're adjusting our financial reporting disclosures.

Starting this quarter, we will begin reporting financial data based on this new organizational structure, which we believe will provide a more accurate reflection of the progress we are making during this transition.

Therefore, on today's conference call, I will go over our second quarter results, separating them into domestic and international segments, followed by an overview of our growth strategies for both.