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    <title>Noah&#039;s Q1 2025 Earnings Show YoY and Sequential Growth in Profitability and Operating Margin Expansion</title>
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    <description>Noah Holdings reported sequential profitability recovery and higher operating margin through CAPEX-light restructuring and cost controls, citing reduced compensation and selling expenses and a strong cash position. The firm emphasises overseas revenue growth-driven by expanded overseas sales teams and new regional offices-alongside domestic branch consolidation and online service deployment. Capital allocation measures include an ongoing share buyback and a proposed full dividend distribution subject to shareholder approval, and the release reiterates forward-looking statements and the need for compliance in overseas expansion.</description>
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