Document and Entity Information |
12 Months Ended |
|---|---|
|
Dec. 31, 2018
shares
| |
| Document Information [Line Items] | |
| Document Type | 20-F |
| Amendment Flag | false |
| Document Period End Date | Dec. 31, 2018 |
| Document Fiscal Year Focus | 2018 |
| Document Fiscal Period Focus | FY |
| Trading Symbol | NOAH |
| Entity Registrant Name | NOAH HOLDINGS LTD |
| Entity Central Index Key | 0001499543 |
| Current Fiscal Year End Date | --12-31 |
| Entity Well-known Seasoned Issuer | Yes |
| Entity Current Reporting Status | Yes |
| Entity Filer Category | Large Accelerated Filer |
| Entity Shell Company | false |
| Entity Emerging Growth Company | false |
| Class A | |
| Document Information [Line Items] | |
| Entity Common Stock, Shares Outstanding | 21,890,253 |
| Class B | |
| Document Information [Line Items] | |
| Entity Common Stock, Shares Outstanding | 8,315,000 |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'. No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition Indicate if registrant meets the emerging growth company criteria. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate if company meets the shell company criteria: a company with no or nominal operations, and with no or nominal assets or assets consisting solely of cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition The total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). No definition available.
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- Definition Loan payables from factoring business current. No definition available.
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- Definition Loans receivable commercial trade financing current. No definition available.
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of long-term debt (with maturities initially due after one year or beyond the operating cycle if longer) identified as Convertible Notes Payable, excluding current portion. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of investment in equity method investee and investment in and advance to affiliate. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
$ / shares
shares
|
Dec. 31, 2018
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
|
|---|---|---|---|
| Available for sale investments | ¥ | ¥ 438,077 | ¥ 95,345 | |
| Accounts receivable, allowance for doubtful accounts | $ 0 | 0 | 0 |
| Loan receivables, allowance for loan losses | $ 372 | 2,556 | 3,244 |
| Long-term investments measured at fair value | ¥ | ¥ 609,151 | ¥ 482,006 | |
| Ordinary shares, treasury stock | 140,479 | 140,479 | 140,479 |
| Class A | |||
| Ordinary shares, par value | (per share) | $ 0.0005 | ¥ 0.0005 | ¥ 0.0005 |
| Ordinary shares, shares authorized | 91,394,900 | 91,394,900 | 91,394,900 |
| Ordinary shares, shares issued | 21,890,253 | 21,890,253 | 20,235,183 |
| Ordinary shares, shares outstanding | 21,749,774 | 21,749,774 | 20,094,704 |
| Class B | |||
| Ordinary shares, par value | (per share) | $ 0.0005 | ¥ 0.0005 | ¥ 0.0005 |
| Ordinary shares, shares authorized | 8,605,100 | 8,605,100 | 8,605,100 |
| Ordinary shares, shares issued | 8,315,000 | 8,315,000 | 8,465,000 |
| Ordinary shares, shares outstanding | 8,315,000 | 8,315,000 | 8,465,000 |
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- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A valuation allowance relating to a written agreement to receive money (at a specified future date(s) within one year from the reporting date (or the normal operating cycle, whichever is longer), consisting of principal as well as any accrued interest) for the portion that is expected to be uncollectible. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of investment in debt and equity securities categorized neither as trading securities nor held-to-maturity securities and intended be sold or mature one year or operating cycle, if longer. No definition available.
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- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Consolidated Statements of Operations ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
$ / shares
shares
|
Dec. 31, 2018
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2016
CNY (¥)
¥ / shares
shares
|
||||
| Revenues: | |||||||
| Total revenues | $ 481,430 | ¥ 3,310,062 | ¥ 2,846,006 | ¥ 2,561,636 | |||
| Less: business taxes and related surcharges | (2,975) | (20,454) | (19,098) | (48,064) | |||
| Net revenues | 478,455 | 3,289,608 | 2,826,908 | 2,513,572 | |||
| Operating cost and expenses: | |||||||
| Relationship manager compensation | (92,153) | (633,599) | (616,064) | (563,620) | |||
| Performance Fee Compensation | (3,080) | (21,175) | (11,291) | (8,146) | |||
| Other compensations | (132,269) | (909,418) | (780,017) | (728,639) | |||
| Total compensation and benefits | (227,502) | (1,564,192) | (1,407,372) | (1,300,405) | |||
| Selling expenses | (60,028) | (412,720) | (320,462) | (322,667) | |||
| General and administrative expenses | (40,635) | (279,387) | (248,878) | (234,488) | |||
| Other operating expenses | (24,634) | (169,368) | (147,318) | (151,088) | |||
| Government subsidies | 9,102 | 62,583 | 74,156 | 162,365 | |||
| Total operating cost and expenses | (343,697) | (2,363,084) | (2,049,874) | (1,846,283) | |||
| Income from operations | 134,758 | 926,524 | 777,034 | 667,289 | |||
| Other income (expenses): | |||||||
| Interest income | 10,158 | 69,841 | 45,020 | 39,539 | |||
| Interest expenses | (1,459) | (10,028) | (24,128) | (19,289) | |||
| Investment income | 7,070 | 48,616 | 67,343 | 48,537 | |||
| Other income (expense) | (3,397) | (23,356) | 3,542 | (2,531) | |||
| Total other income | 12,372 | 85,073 | 91,777 | 66,256 | |||
| Income before taxes and income from equity in affiliates | 147,130 | 1,011,597 | 868,811 | 733,545 | |||
| Income tax expense | (32,335) | (222,320) | (199,085) | (157,997) | |||
| Income from equity in affiliates | 2,104 | 14,469 | 92,136 | 22,343 | |||
| Net income | 116,899 | 803,746 | 761,862 | 597,891 | |||
| Less: net loss attributable to non-controlling interests | (1,098) | (7,551) | (13,745) | (40,602) | |||
| Less: net (loss) income attributable to redeemable non-controlling interest of a subsidiary | 6,483 | (5,336) | |||||
| Less: effect on retained earnings caused by termination of redeemable non-controlling interest of a subsidiary | 6,201 | ||||||
| Net income attributable to Noah Holdings Limited shareholders | $ 117,997 | ¥ 811,297 | ¥ 762,923 | ¥ 643,829 | |||
| Net income per share: | |||||||
| Basic | (per share) | $ 4.02 | ¥ 27.70 | ¥ 26.98 | ¥ 22.87 | |||
| Diluted | (per share) | $ 3.88 | ¥ 26.67 | ¥ 25.90 | ¥ 22.08 | |||
| Weighted average number of shares used in computation: | |||||||
| Basic | shares | 29,288,401 | 29,288,401 | 28,275,637 | 28,150,139 | |||
| Diluted | shares | 30,710,540 | 30,710,540 | 30,233,823 | 30,036,763 | |||
| One Time Commissions | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | $ 106,612 | ¥ 733,009 | ¥ 541,025 | ¥ 817,324 | ||
| Total revenues from funds Gopher manages | [1] | 42,904 | 294,984 | 561,059 | 314,763 | ||
| Total revenues | 1,027,993 | ||||||
| Recurring Service Fees | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 86,373 | 593,856 | 605,092 | 535,711 | ||
| Total revenues from funds Gopher manages | [1] | 172,016 | 1,182,693 | 802,761 | 715,015 | ||
| Total revenues | 1,776,549 | ||||||
| Performance Based Income | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 6,269 | 43,101 | 86,494 | 20,390 | ||
| Total revenues from funds Gopher manages | [1] | 14,622 | 100,533 | 54,502 | 38,851 | ||
| Total revenues | 143,634 | ||||||
| Other Service | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 52,634 | 361,886 | 195,073 | 119,582 | ||
| Total revenues | 361,886 | ||||||
| Revenues from Others [Member] | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 251,888 | 1,731,852 | 1,427,684 | 1,493,007 | ||
| Revenues from Funds Gopher Manages | |||||||
| Revenues: | |||||||
| Total revenues from funds Gopher manages | [1] | $ 229,542 | ¥ 1,578,210 | ¥ 1,418,322 | ¥ 1,068,629 | ||
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- Definition Effect on retained earnings by termination of redeemable non controlling interest of subsidiary. No definition available.
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- Definition Government Subsidies No definition available.
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- Definition Weighted Average Number Basic And Diluted, Shares Outstanding [Abstract] No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The amount of excise and sales taxes included in sales and revenues, which are then deducted as a cost of sales. Includes excise taxes, which are applied to specific types of transactions or items (such as gasoline or alcohol); and sales, use and value added taxes, which are applied to a broad class of revenue-producing transactions involving a wide range of goods and services. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of expenses related to the generation of investment income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of expense for salary and wage arising from service rendered by officer. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of labor-related expenses classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Revenues from operations, excluding interest and dividend income. Includes revenues from the following sources: investment banking (underwriting and financial advisory), principal transactions (sales and trading, and investment gains and losses), commissions, asset management, and investment advisory and other services. No definition available.
|
| X | ||||||||||
- Definition Amount of expense for salary and wage arising from service rendered by nonofficer and officer employees. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. No definition available.
|
| X | ||||||||||
- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Consolidated Statements of Comprehensive Income ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Statement of Comprehensive Income [Abstract] | ||||
| Net income | $ 116,899 | ¥ 803,746 | ¥ 761,862 | ¥ 597,891 |
| Other comprehensive income, net of tax | ||||
| Change in foreign currency translation adjustment | 11,018 | 75,752 | (33,876) | 19,242 |
| Fair value fluctuation of available-for-sale investment, net of tax of nil (Note 5) | (51) | (349) | 250,425 | (4,710) |
| Fair value fluctuation of available-for-sale investment held by affiliates, net of tax of nil | (157) | (1,080) | 2,281 | 1,709 |
| Other comprehensive income | 10,810 | 74,323 | 218,830 | 16,241 |
| Comprehensive income | 127,709 | 878,069 | 980,692 | 614,132 |
| Less: comprehensive loss attributable to non-controlling interest | (1,111) | (7,638) | (13,776) | (40,684) |
| Less: (Loss) income attributable to redeemable non-controlling interest of a subsidiary | 6,483 | (5,336) | ||
| Less: effect on retained earnings caused by termination of redeemable non-controlling interest of a subsidiary | 6,201 | |||
| Comprehensive income attributable to Noah Holdings Limited shareholders | $ 128,820 | ¥ 885,707 | ¥ 981,784 | ¥ 660,152 |
| X | ||||||||||
- Definition Effect on retained earnings by termination of redeemable non controlling interest of subsidiary. No definition available.
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities, attributable to noncontrolling interest. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
Consolidated Statements of Comprehensive Income (Parenthetical) |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Statement of Comprehensive Income [Abstract] | ||||
| Fair value fluctuation of available-for-sale investment, net of tax | ||||
| Fair value fluctuation of available-for-sale investment held by affiliates, net of tax | ||||
| X | ||||||||||
- Definition Amount of tax expense (benefit), after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities, attributable to noncontrolling interest. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of tax expense (benefit), after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
Consolidated Statements of Changes in Equity ¥ in Thousands, $ in Thousands |
USD ($)
shares
|
CNY (¥)
shares
|
Class A
CNY (¥)
shares
|
Class B
CNY (¥)
shares
|
Treasury Stock
CNY (¥)
shares
|
Additional Paid-in Capital
CNY (¥)
|
Retained Earnings
CNY (¥)
|
Accumulated other comprehensive (loss)/income
CNY (¥)
|
Parent
CNY (¥)
|
Noncontrolling Interest
CNY (¥)
|
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance (in shares) at Dec. 31, 2015 | shares | 20,802,611 | 8,515,000 | (1,246,073) | ||||||||||
| Balance at Dec. 31, 2015 | ¥ 2,533,997 | ¥ 69 | [1] | ¥ 29 | ¥ (117,837) | ¥ 990,517 | ¥ 1,597,865 | ¥ (21,757) | ¥ 2,448,886 | ¥ 85,111 | |||
| Net Income | 603,228 | 643,829 | 643,829 | (40,601) | |||||||||
| Share-based compensation | ¥ 79,171 | 79,171 | 79,171 | ||||||||||
| Vesting of restricted shares | shares | 138,492 | ||||||||||||
| Issuance of ordinary shares upon exercise of options (in shares) | shares | 62,430 | 62,430 | 62,430 | ||||||||||
| Issuance of ordinary shares upon exercise of options | ¥ 4,539 | ¥ 1 | [1] | 4,538 | 4,539 | ||||||||
| Repurchase of ordinary shares | shares | (41,132) | ||||||||||||
| Repurchase of ordinary shares | (12,602) | ¥ (12,602) | (12,602) | ||||||||||
| Other comprehensive income-foreign currency translation adjustments | 19,242 | 19,325 | 19,325 | (83) | |||||||||
| Other comprehensive income-change in fair value of available-for-sale investments | (3,001) | (3,001) | (3,001) | ||||||||||
| Non-controlling Interest capital injection | 5,698 | 5,698 | |||||||||||
| Changes in equity ownership on partial disposal of subsidiaries | 161,000 | 151,990 | 151,990 | 9,010 | |||||||||
| Balance (in shares) at Dec. 31, 2016 | shares | 21,003,533 | 8,515,000 | (1,287,205) | ||||||||||
| Balance at Dec. 31, 2016 | 3,391,272 | ¥ 70 | [1] | ¥ 29 | ¥ (130,439) | 1,226,216 | 2,241,694 | (5,433) | 3,332,137 | 59,135 | |||
| Net Income | 755,379 | 769,124 | 769,124 | (13,745) | |||||||||
| Termination of redeemable non-controlling interest of a subsidiary (Note 13) | (6,201) | (6,201) | (6,201) | ||||||||||
| Share-based compensation | ¥ 93,635 | 93,635 | 93,635 | ||||||||||
| Vesting of restricted shares | shares | 115,995 | ||||||||||||
| Issuance of ordinary shares upon exercise of options (in shares) | shares | 203,174 | 203,174 | 203,174 | ||||||||||
| Issuance of ordinary shares upon exercise of options | ¥ 19,692 | ¥ 1 | [1] | 19,691 | 19,692 | ||||||||
| Repurchase of ordinary shares | shares | (99,347) | (99,347) | (99,347) | ||||||||||
| Repurchase of ordinary shares | $ (4,809) | ¥ (31,280) | ¥ (31,280) | (31,280) | |||||||||
| Other comprehensive income-foreign currency translation adjustments | (33,876) | (33,849) | (33,849) | (27) | |||||||||
| Other comprehensive income-change in fair value of available-for-sale investments | 252,706 | 252,706 | 252,706 | ||||||||||
| Non-controlling Interest capital injection | 35,123 | 35,123 | |||||||||||
| Changes in equity ownership on partial disposal of subsidiaries | 30 | ||||||||||||
| Non-controlling Interest capital divestment | (1,970) | 30 | 30 | (2,000) | |||||||||
| Conversion of convertible notes, Shares | shares | 108,554 | ||||||||||||
| Conversion of convertible notes, Value | 33,266 | 33,266 | 33,266 | ||||||||||
| Transfer of Class B shares to Class A shares | shares | 50,000 | (50,000) | |||||||||||
| Retirement of treasury stock, Value | ¥ (4) | [1] | ¥ 121,452 | (121,448) | |||||||||
| Retirement of treasury stock, Shares | shares | (1,246,073) | 1,246,073 | |||||||||||
| Balance (in shares) at Dec. 31, 2017 | shares | 20,235,183 | 8,465,000 | (140,479) | ||||||||||
| Balance at Dec. 31, 2017 | 4,507,746 | ¥ 67 | [1] | ¥ 29 | ¥ (40,267) | 1,372,838 | 2,883,169 | 213,424 | 4,429,260 | 78,486 | |||
| Net Income | 803,746 | 811,297 | 811,297 | (7,551) | |||||||||
| Impact of ASU 2016-01 (Note 2(j)) | 251,641 | (251,641) | |||||||||||
| Share-based compensation | ¥ 112,763 | 112,763 | 112,763 | ||||||||||
| Vesting of restricted shares | shares | 133,010 | ||||||||||||
| Issuance of ordinary shares upon exercise of options (in shares) | shares | 201,630 | 201,630 | 201,630 | ||||||||||
| Issuance of ordinary shares upon exercise of options | ¥ 45,896 | ¥ 1 | [1] | 45,895 | 45,896 | ||||||||
| Other comprehensive income-foreign currency translation adjustments | $ 11,018 | 75,752 | 75,841 | 75,841 | (89) | ||||||||
| Other comprehensive income-change in fair value of available-for-sale investments | (1,429) | (1,429) | (1,429) | ||||||||||
| Non-controlling Interest capital injection | 63,929 | 63,929 | |||||||||||
| Impact of acquisition | 290,663 | 290,663 | |||||||||||
| Disposal of a subsidiary | (87,761) | (87,761) | |||||||||||
| Conversion of convertible notes, Shares | shares | 1,170,430 | ||||||||||||
| Conversion of convertible notes, Value | 364,072 | ¥ 4 | [1] | 364,068 | 364,072 | ||||||||
| Transfer of Class B shares to Class A shares | shares | 150,000 | (150,000) | |||||||||||
| Transfer of Class B shares to Class A shares, value | ¥ 1 | [1] | ¥ (1) | ||||||||||
| Balance (in shares) at Dec. 31, 2018 | shares | 21,890,253 | 8,315,000 | (140,479) | ||||||||||
| Balance at Dec. 31, 2018 | $ 898,170 | ¥ 6,175,377 | ¥ 73 | [1] | ¥ 28 | ¥ (40,267) | ¥ 1,895,564 | ¥ 3,946,107 | ¥ 36,195 | ¥ 5,837,700 | ¥ 337,677 | ||
| |||||||||||||
| X | ||||||||||
- Definition Adjustments to Retained Earnings by Termination of Redeemable Non Controlling Interest of Subsidiary. No definition available.
|
| X | ||||||||||
- Definition Change in noncontrolling interests. No definition available.
|
| X | ||||||||||
- Definition Profit or loss as represented on the statement of changes in equity. No definition available.
|
| X | ||||||||||
- Definition Impact of acquisition related to non-controlling interest. No definition available.
|
| X | ||||||||||
- Definition Number Of Transferred Shares No definition available.
|
| X | ||||||||||
- Definition Value of transferred shares. No definition available.
|
| X | ||||||||||
- Definition Amount of increase to additional paid-in capital (APIC) from recognition of equity-based compensation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Represents a sale by the parent of a portion of its equity interest in a subsidiary during the period, thereby effecting a change in total (consolidated) equity attributable to the parent. The sale of the equity interest represented by this element does not result in a loss of control by the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Decrease in noncontrolling interest (for example, but not limited to, redeeming or purchasing the interests of noncontrolling shareholders, issuance of shares (interests) by the non-wholly owned subsidiary to the parent entity for other than cash, and a buyback of shares (interest) by the non-wholly owned subsidiary from the noncontrolling interests). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements. No definition available.
|
| X | ||||||||||
- Definition The amount of the reduction or elimination during the period of a noncontrolling interest resulting from the parent's loss of control and deconsolidation of the entity in which one or more outside parties had a noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities and unrealized holding gain (loss) related to transfers of securities into the available-for-sale classification and out of the held-to-maturity classification. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of shares issued which are neither cancelled nor held in the treasury. No definition available.
|
| X | ||||||||||
- Definition Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The net amount of stock issued during the period upon the conversion of convertible securities, net of adjustments (for example, to additional paid in capital) including the write-off of an equity component recognized to record the convertible debt instrument as two separate components - a debt component and an equity component. This item is meant to disclose the value of shares issued on conversion of convertible securities that were recorded as two separate (debt and equity) components. No definition available.
|
| X | ||||||||||
- Definition Value of stock issued as a result of the exercise of stock options. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of decrease of par value, additional paid in capital (APIC) and retained earnings of common and preferred stock retired from treasury when treasury stock is accounted for under the cost method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of shares of common and preferred stock retired from treasury during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Cash flows from operating activities: | ||||
| Net income | $ 116,899 | ¥ 803,746 | ¥ 761,862 | ¥ 597,891 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Loss from disposal of property and equipment | 44 | 304 | 135 | 4,746 |
| Depreciation and amortization | 13,422 | 92,282 | 81,964 | 61,320 |
| Share-based compensation | 16,401 | 112,763 | 93,635 | 79,171 |
| Income from equity in affiliates | (2,104) | (14,469) | (92,136) | (22,343) |
| Income from disposal of subsidiaries | (4,541) | (31,219) | ||
| Provision for loan losses | (100) | (688) | 2,093 | (184) |
| Amortization of unearned income for financial leases | (9,059) | (62,285) | (11,723) | |
| Changes in investment fair value in the consolidated funds | 3,608 | |||
| Fair value change of equity investments measured by fair value | 922 | 6,342 | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (14,540) | (99,969) | 21,464 | (81,785) |
| Amounts due from related parties | (8,254) | (56,747) | (173,775) | (94,108) |
| Other current assets | 2,692 | 18,512 | (96,470) | (13,637) |
| Other non-current assets | (94) | (648) | 3,055 | (12,263) |
| Accrued payroll and welfare expenses | 6,562 | 45,118 | 53,140 | 82,700 |
| Income taxes payable | 5,200 | 35,754 | (3,487) | (38,489) |
| Deferred revenues | (8,484) | (58,330) | 108,002 | 24,827 |
| Other current liabilities | 29,329 | 201,644 | 124,293 | (25,235) |
| Other non-current liabilities | (11,336) | (77,942) | 31,882 | (1,091) |
| Amounts due to related parties | (19) | (134) | (11,997) | 12,272 |
| Uncertain tax position liabilities | (67) | |||
| Deferred tax assets and liabilities | (5,924) | (40,730) | (16,928) | (12,566) |
| Acquisitions and sales of financial products | 22,702 | 156,082 | (250,068) | 124,970 |
| Other operating cash flows | (166) | 118 | ||
| Net cash provided by operating activities | 149,718 | 1,029,386 | 628,383 | 686,247 |
| Cash flows from investing activities: | ||||
| Purchases of property and equipment | (18,649) | (128,223) | (152,712) | (101,369) |
| Purchase of held-to-maturity investments | (101,000) | (574,180) | ||
| Proceeds from redemption of held-to-maturity investments | 19,635 | 135,000 | 180,580 | 454,840 |
| Purchases of available-for-sale investments | (6,386) | (43,904) | (663,537) | (678,817) |
| Proceeds from sale or redemption of available-for-sale investments | 14,188 | 97,551 | 721,487 | 908,628 |
| Purchase of long-term investments | (28,686) | (197,233) | (371,917) | (91,178) |
| Proceeds from sale of long-term investments | 22,025 | 151,434 | 63,836 | |
| Purchase of investment held by consolidated fund | (52,638) | |||
| Increase in investment in affiliates | (137,661) | (946,491) | (341,951) | (192,387) |
| Capital return from investment in affiliates | 88,074 | 605,551 | 49,099 | |
| Proceeds from disposal of a subsidiary, net of cash deconsolidated | (3,670) | (25,232) | (5,009) | |
| Acquisition, net of cash acquired | (28,098) | (193,184) | ||
| Purchase of loan receivables from factoring business | (5,077) | (34,904) | (200,000) | (4,633,209) |
| Collection of loan receivables from factoring business | 5,077 | 34,904 | 700,000 | 4,122,000 |
| Net cash used in investing activities | (57,549) | (395,677) | (833,857) | (883,793) |
| Cash flows from financing activities: | ||||
| Proceeds from issuance of ordinary shares upon exercise of stock options | 6,675 | 45,896 | 19,692 | 4,539 |
| Contribution from non-controlling shareholders of subsidiaries | 9,298 | 63,929 | 35,123 | 166,698 |
| Increase in Mezzanine Equity - Redeemable non-controlling Interest of a Subsidiary | 336,000 | |||
| Decrease in Mezzanine Equity - Redeemable non-controlling Interest of a Subsidiary | (343,346) | |||
| Return of non-controlling interests of subsidiaries | (1,970) | |||
| Prepayment from an investor to acquire interest in one subsidiary | 30,000 | |||
| Payments related to transfer of rights to the loan receivables from factoring business | 5,077 | 34,904 | 200,000 | 4,304,210 |
| Proceeds related to transfer of rights to the loan receivables from factoring business | (5,077) | (34,904) | (700,000) | (3,804,210) |
| Payment for repurchase of ordinary shares | (31,288) | (12,602) | ||
| Net cash provided by (used in) financing activities | 15,973 | 109,825 | (791,789) | 994,635 |
| Effect of exchange rate changes | 8,190 | 56,304 | (79,494) | 52,497 |
| Net increases (decrease) in cash, cash equivalents and restricted cash | 116,332 | 799,838 | (1,076,757) | 849,586 |
| Cash and cash equivalents-beginning of year | 277,326 | 1,906,753 | 2,983,510 | 2,133,924 |
| Cash and cash equivalents-end of year | 393,658 | 2,706,591 | 1,906,753 | 2,983,510 |
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for income taxes | 30,762 | 211,503 | 205,039 | 205,052 |
| Cash paid for interest expenses | 1,894 | 13,022 | 23,737 | 18,380 |
| Supplemental disclosure of non-cash investing and financing activities: | ||||
| Purchase of property and equipment in accounts payable | 1,392 | 9,572 | 3,577 | 11,209 |
| Conversion of convertible notes | 49,883 | 342,969 | 33,266 | |
| Reconciliation to amounts on consolidated balance sheets: | ||||
| Cash and cash equivalents | 393,294 | 2,704,091 | 1,906,753 | 2,982,510 |
| Restricted cash | 364 | 2,500 | 1,000 | |
| Cash and cash equivalents-end of year | 393,658 | 2,706,591 | 1,906,753 | 2,983,510 |
| Related Parties | ||||
| Cash flows from investing activities: | ||||
| Loans disbursement | (101,639) | (106,495) | ||
| Principal collection of loans originated to third parties | 4,592 | 31,573 | 95,116 | |
| Third Parties | ||||
| Cash flows from investing activities: | ||||
| Loans disbursement | (1,976,593) | (13,590,068) | (5,532,111) | (1,698,250) |
| Principal collection of loans originated to third parties | $ 1,993,680 | ¥ 13,707,549 | ¥ 4,878,539 | ¥ 1,706,624 |
| X | ||||||||||
- Definition Amortization of Unearned Income for Financial Lease. No definition available.
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| X | ||||||||||
- Definition The net change during the period in the amount recognized for uncertain tax positions. No definition available.
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| X | ||||||||||
- Definition Payments related to transfer of rights to the loan receivables from factoring business. No definition available.
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| X | ||||||||||
- Definition Proceeds from sales of interests in subsidiary. No definition available.
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| X | ||||||||||
- Definition Proceeds related to transfer of rights to the Loan receivables from factoring business. No definition available.
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| X | ||||||||||
- Definition Provision for Loan and Lease Losses, Net Of Recovery Of Bad Debts No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of equity in securities of subsidiaries. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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| X | ||||||||||
- Definition The aggregate increase (decrease) during the reporting period in the amount due from the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of increase (decrease) in current assets classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in current liabilities classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in noncurrent operating liabilities classified as other. No definition available.
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| X | ||||||||||
- Definition Amount of increase (decrease) in operating assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities). No definition available.
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| X | ||||||||||
- Definition The net cash outflow or inflow associated with the acquisition or sale of a business segment during the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow through purchase of long-term held-to-maturity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow for the purchase of loan receivable arising from the financing of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow for securities or other assets acquired, which qualify for treatment as an investing activity and are to be liquidated, if necessary, beyond the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the long-term. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow for the purchase of a retained interest in a receivable securitized via a structured process whereby interests in loans and other receivables are packaged, underwritten, and sold in the form of asset-backed securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow associated with the collection, including prepayments, of loans receivable issued for financing of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash inflow from collection on beneficial interest in securitization of receivables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow associated with the deconsolidation of a previously consolidated subsidiary or the sale of investment in consolidated subsidiaries (generally greater than 50 percent). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from issuance of an equity security that embodies an unconditional obligation requiring the issuer to redeem the security by transferring the assets at a specified or determinable date (or dates) that is (or are) initially more than one year (or the normal operating cycle, if longer) from the issuance date, or upon an event that is certain to occur beyond one year (or the normal operating cycle, if longer) from the issuance date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash inflow from a noncontrolling interest. Includes, but is not limited to, purchase of additional shares or other increase in noncontrolling interest ownership. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow associated with the sale of securities that had been designated as held-to-maturity. Excludes proceeds from maturities, prepayments and calls by the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, beyond the current operating cycle. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The cash outflow related to equity securities that embody an unconditional obligation requiring the issuer to redeem the securities by transferring the assets at a specified or determinable date (or dates) that is (or are) initially more than one year (or the normal operating cycle, if longer) from the issuance date, or upon an event that is certain to occur beyond one year (or the normal operating cycle, if longer) from the issuance date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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Organization and Principal Activities |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Organization and Principal Activities | 1. Organization and Principal Activities Noah Holdings Limited (“Company”) was incorporated on June 29, 2007 in the Cayman Islands by six individuals (the “Founders”). The Company, through its subsidiaries and consolidated variable interest entities (“VIEs”) (collectively, the “Group”), is a leading wealth and asset management service provider with a focus on global wealth investment and asset allocation services for the high net worth population in the People’s Republic of China (“PRC”). The Group began offering services in 2005 through Shanghai Noah Investment Management Co., Ltd. (“Noah Investment”), a consolidated variable interest entity, founded in the PRC in August 2005. The Company’s significant subsidiaries as of December 31, 2018 include the following:
Noah Investment’s significant subsidiaries as of December 31, 2018 include the following:
In March 2016, Shanghai Noah Financial Service Co., Ltd. (“Noah Financial Services”) acquired 100% equity interest of Noah Upright (Shanghai) Fund Investment Consulting Co., Ltd. (“Noah Upright”) from Noah Investment at a premium. The premium was recorded as investment income of Noah Investment and eliminated in the Group’s consolidated financial statement. The transaction was recorded as equity transaction between entities under common control with no impact on the consolidated financial statements, other than the tax incurred on the premium recorded in income tax expense. |
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| X | ||||||||||
- Definition The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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Summary of Principal Accounting Policies |
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| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Principal Accounting Policies | 2. Summary of Principal Accounting Policies (a) Basis of Presentation The consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). (b) Principles of Consolidation The consolidated financial statements include the financial statements of the Group, its subsidiaries and consolidated VIEs. All inter-company transactions and balances have been eliminated upon consolidation. A consolidated subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power or has the power to: appoint or remove the majority of the members of the board of directors; cast a majority of votes at the meeting of the board of directors; or govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. U.S. GAAP provides guidance on the identification and financial reporting for entities over which control is achieved through means other than voting interests. The Group evaluates each of its interests in private companies to determine whether or not the investee is a VIE and, if so, whether the Group is the primary beneficiary of such VIE. In determining whether the Group is the primary beneficiary, the Group considers if the Group (1) has power to direct the activities that most significantly affects the economic performance of the VIE, and (2) receives the economic benefits of the VIE that could be significant to the VIE. If deemed the primary beneficiary, the Group consolidates the VIE. The Company had been engaged in the fund distribution business through contractual arrangements among its PRC subsidiary, Shanghai Noah Investment (Group) Co., Ltd (formerly known as Shanghai Noah Rongyao Investment Consulting Co., Ltd). (“Noah Rongyao”), its PRC variable interest entity, Noah Investment, and Noah Investment’s shareholders because it was difficult for foreign invested enterprise. and subsidiaries of foreign invested enterprise to apply for a fund distribution license. Noah Upright, a subsidiary of Noah Investment before March 2016, holds the licenses and permits necessary to conduct fund distribution and distribution of asset management plans sponsored by mutual fund management companies in China. However, as the license and permit approval authorities relaxed their requirements for invested enterprise to apply for fund distribution license, Noah Upright was restructured to be a subsidiary of Shanghai Noah Financial Services Corp., or Noah Financial Services, through equity transfer in March 2016.
Since the Company does not have any equity interests in Noah Investment, in order to exercise effective control over its operations, the Company, through its wholly owned subsidiary Noah Rongyao, entered into a series of contractual arrangements with Noah Investment and its shareholders, pursuant to which the Company is entitled to receive effectively all economic benefits generated from Noah Investment shareholders’ equity interests in it. These contractual arrangements include: (i) a Power of Attorney Agreement under which each shareholder of Noah Investment has executed a power of attorney to grant Noah Rongyao or its designee the power of attorney to act on his or her behalf on all matters pertaining to Noah Investment and to exercise all of his or her rights as a shareholder of the Company, (ii) an Exclusive Option Agreement under which the shareholders granted Noah Investment or its third-party designee an irrevocable and exclusive option to purchase their equity interests in Noah Investment when and to the extent permitted by PRC law, (iii) an Exclusive Support Service Agreement under which Noah Investment engages Noah Rongyao as its exclusive technical and operational consultant and under which Noah Rongyao agrees to assist in arranging the financial support necessary to conduct Noah Investment’s operational activities, (iv) a Share Pledge Agreement under which the shareholders pledged all of their equity interests in Noah Investment to Noah Rongyao as collateral to secure their obligations under the agreement, and (v) a Free-Interest Loan Agreement under which each shareholder of Noah Investment entered into a loan agreement with Noah Rongyao for their respective investment in the equity interests in Noah Investment. The total amount of interest-free loans extended to the Founders is RMB27 million (approximately US$3.93 million) which has been injected into Noah Investment. The Founders of Noah Investment effectively acted as a conduit to fund the required capital contributions from the Company into Noah Rongyao, are non-substantive shareholders and received no consideration for entering into such transactions. Under the above agreements, the shareholders of Noah Investment irrevocably granted Noah Rongyao the power to exercise all voting rights to which they were entitled. In December 2013, these loans were further restructured and each shareholder of Noah Investment re-entered into a new no-interest loan agreement with Noah Rongyao. The principal amounts of such no-interest loans to these shareholders were the same as that of the initial loans. The loan agreements will expire in December 2023. In addition, Noah Rongyao has the option to acquire all of the equity interests in Noah Investment, to the extent permitted by the then-effective PRC laws and regulations, for nominal consideration. Finally, Noah Rongyao is entitled to receive service fees for certain services to be provided to Noah Investment. The Exclusive Option Agreement and Power of Attorney Agreements provide the Company effective control over the VIE and its subsidiaries, while the equity pledge agreements secure the equity owners’ obligations under the relevant agreements. Because the Company, through Noah Rongyao, has (i) the power to direct the activities of Noah Investment that most significantly affect the entity’s economic performance and (ii) the right to receive substantially all of the benefits from Noah Investment, the Company is deemed the primary beneficiary of Noah Investment. Accordingly, the Group has consolidated the financial statements of Noah Investment since its inception. The aforementioned contractual agreements are effective agreements between a parent and a consolidated subsidiary, neither of which is accounted for in the consolidated financial statements (i.e. a call option on subsidiary shares under the Exclusive Option Agreement or a guarantee of subsidiary performance under the Share Pledge Agreement) or are ultimately eliminated upon consolidation (i.e. service fees under the Exclusive Support Service Agreement or loans payable/receivable under the Loan Agreement). The Company believes that these contractual arrangements are in compliance with PRC laws and regulations and are legally enforceable. The restructure of fund distribution business from Noah Investment to Noah Financial Service in 2016 and the transfer of Tianjin Gopher Asset Management Co., Ltd and Gopher Asset Management Co., Ltd from Noah Rongyao to Noah Investment in 2012 do not impact the legal effectiveness of these contractual arrangements and do not impact the conclusion that the Company is the primary beneficiary of Noah Investment and its subsidiaries. However, the aforementioned contractual arrangements with Noah Investment and its shareholders are subject to risks and uncertainties, including:
In 2017, the Group invested in an investment fund which it served as general partner and subscribed 29% of equity interest with the intention of transferring the equity interest to other parties in the future. As the Group is deemed to have a controlling financial interest in the investment fund as of December 31, 2017, the Group consolidated the investment fund as a primary beneficiary. In April 2018, the Group’s equity interest was diluted to 6.15% as a result of new subscriptions by third party investors. Therefore the Group deconsolidate this investment fund since April 2018 considering the Group no longer has a controlling financial interest. In 2018, the Group invested in another two investment funds which the Group both served as general partner and subscribed 23% and 48%, respectively, of those equity interest with the intention of transferring the equity interest to other parties in the future. As the Group is deemed to have a controlling financial interest in both investment funds as of December 31, 2018, the Group consolidated these investment funds as a primary beneficiary. 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.
The VIEs contributed an aggregate of 17.3%, 15.7% and 21.7% of the consolidated net revenues for the years ended December 31, 2016, 2017 and 2018, respectively and an aggregate 4.1%, 19.4% and 39.4% of the consolidated net income for the years ended December 31, 2016, 2017 and 2018, respectively. As of December 31, 2017 and 2018, the VIEs accounted for an aggregate of 26.8% and 34.6%, respectively, of the consolidated total assets. There are no consolidated assets of the VIEs and their subsidiaries that are collateral for the obligations of the VIEs and their subsidiaries and can only be used to settle the obligations of the VIEs and their subsidiaries, except for the cash held by the consolidated fund of which cash could only be used by the consolidated fund. There are no terms in any arrangements, considering both explicit arrangements and implicit variable interests that require the Company or its subsidiaries to provide financial support to the VIEs. However, if the VIEs ever need financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to its VIEs through loans to the shareholder of the VIEs or entrustment loans to the VIEs. Relevant PRC laws and regulations restrict the VIEs from transferring a portion of their net assets, equivalent to the balance of its statutory reserve and its share capital, to the Group in the form of loans and advances or cash dividends. Please refer to Note 17 for disclosure of restricted net assets. (c) Consolidation policy Upon Adoption of ASU No. 2015-02 and 2016-17 In February 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-02, “Amendments to the Consolidation Analysis”. The guidance amends the current consolidation guidance and ends the deferral granted to investment companies from applying the VIE guidance. The revised consolidation guidance, among other things, (i) modifies the evaluation of whether limited partnerships and similar legal entities are VIEs, (ii) eliminated the presumption that a general partner should consolidate a limited partnership, and (iii) modifies the consolidation analysis of reporting entities that are involved with VIEs through fee arrangements and related party relationships.
Under ASU 2015-02, the service fees the Group earns, including carried interest earned in the capacity of general partner or fund manager, are commensurate with the level of effort required to provide such services and are at arm’s length and therefore are not deemed as variable interests. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties under Common Control (“ASU 2016-17”). The Group has adopted this new guidance and has applied the guidance retrospectively beginning with the annual period in which the amendments in ASU 2015-02 were adopted in 2015. This guidance in ASU 2016-17 states that reporting entities deciding whether they are primary beneficiaries no longer have to consider indirect interests held through related parties that are under common control to be the equivalent of direct interests in their entirety. Reporting entities would include those indirect interests on a proportionate basis. In evaluating whether the investment funds in the legal form of limited partnership the Group managed as general partner are VIEs or not, the Group firstly assessed whether a simple majority or lower threshold of limited partnership interests, excluding interests held by the general partner, parties under common control of the general partner, or parties acting on behalf of the general partner, have substantive kick-out rights or participating rights. If such rights exist, the limited partnership is not deemed as a VIE and no further analysis will be performed. If it’s assessed to be a VIE, the Group further assesses whether there is any interest it has constitutes a variable interest. Before 2015, all limited partnerships the Group managed as general partner have substantive kick-out rights exercisable by a simple-majority of non-related limited partners and therefore are not deemed as VIEs. Since 2015, not all the newly formed limited partnerships the Group manages as general partners have substantive kick-out rights exercisable by a simple-majority of non-related limited partners and therefore constitute VIEs. As a result, such limited partnerships are deemed as VIEs not consolidated by the Group due to the fact that the general partner interest to absorb losses or receive benefits is not potentially significant to the VIEs. In 2017, the Group invested in an investment fund which it served as general partner and subscribed 29% of equity interest with the intention of transferring the equity interest to other parties in the future. As the Group is deemed to have a controlling financial interest in the investment fund as of December 31, 2017, the Group consolidated the investment fund as a primary beneficiary. In April 2018, more third party investors subscribed equity interest of this fund, as a result, the Group’s subscription percentage has been decreased to 6.15%. Therefore the Group did not consolidate this investment fund since April 2018 considering the Group no longer has a controlling financial interest. In 2018, the Group invested in another two investment funds which it both served as general partner and subscribed 23% and 48%, respectively, with same intention. As the Group is deemed to have a controlling financial interest in both investment funds as of December 31, 2018, the Group consolidated these investment funds as a primary beneficiary. The related financial impact of these investments have been disclosed as below.
The Group started to manage the contractual funds which it manages as fund manager and earns management fee and/or carried interest from second half of 2014. The contractual funds are VIEs as the fund investors do not have substantive kick-out rights or participating rights. The Group from time to time invested in the contractual funds it manages for investment income. Such investments constitute variable interests to the contractual funds which are believed to be VIEs. The Group performed a quantitative analysis to determine if its interest could absorb losses or receive benefits that could potentially be significant to the VIEs and concluded it’s not the primary beneficiary.
As of December 31, 2017 and 2018, the Group had some variable interests in various investment funds and contractual funds that are VIEs but determined that it was not the primary beneficiary and, therefore, was not consolidating the VIEs. The maximum potential financial statement loss the Group could incur if the investment funds and contractual funds were to default on all of their obligations is (i) the loss of value of the interests in such investments that the Group holds, including equity investments recorded in investment in affiliates as well as debt securities investments recorded in short-term investments and long-term investments in the consolidated balance sheet, and (ii) any management fee and/or carried interest receivables recorded in amounts due from related parties. The following table summarizes the Group’s maximum exposure to loss associated with identified nonconsolidated VIEs in which it holds variable interests as of December 31, 2017 and 2018, respectively.
The Group has not provided financial support to these nonconsolidated VIEs during the years ended December 31, 2017 and 2018, and had no liabilities, contingent liabilities, or guarantees (implicit or explicit) related to these nonconsolidated VIEs as of December 31, 2017 and 2018. (d) Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ materially from such estimates. Significant accounting estimates reflected in the Group’s consolidated financial statements include assumptions used to determine valuation allowance for deferred tax assets, allowance for accounts receivable, allowance for loan losses, fair value measurement of underlying investment portfolios of the funds that the Group invests, fair value of equity investments, assumptions related to the consolidation of entities in which the Group holds variable interests, assumptions related to the valuation of share-based compensation, assumption related to valuation of investments. (e) Concentration of Credit Risk The Group is subject to potential significant concentrations of credit risk consisting principally of cash and cash equivalents, accounts receivable, amounts due from related parties, loan receivables and investments. All of the Group’s cash and cash equivalents and a majority of investments are held at financial institutions, Group’s management believes, to be high credit quality. In addition, the Group’s investment policy limits its exposure to concentrations of credit risk. Substantially all revenues were generated within China. There were no financial product providers which accounted for 10% or more of total revenues for the years ended December 31, 2016, 2017, and 2018. Credit of lending business is controlled by the application of credit approvals, limits and monitoring procedures. To minimize credit risk, the Group requires collateral in form of right to securities. The Group identifies credit risk on a customer by customer basis. The information is monitored regularly by management. (f) Investments in Affiliates Affiliated companies are entities over which the Group has significant influence, but which it does not control. The Group generally considers an ownership interest of 20% or higher to represent significant influence. Investments in affiliates are accounted for by the equity method of accounting. Under this method, the Group’s share of the post-acquisition profits or losses of affiliated companies is recognized in the statements of operations and its shares of post-acquisition movements in other comprehensive income are recognized in other comprehensive income. Unrealized gains on transactions between the Group and its affiliated companies are eliminated to the extent of the Group’s interest in the affiliated companies; unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. When the Group’s share of losses in an affiliated company equals or exceeds its interest in the affiliated company, the Group does not recognize further losses, unless the Group has incurred obligations or made payments on behalf of the affiliated company. An impairment loss is recorded when there has been a loss in value of the investment that is other than temporary. The Group has not recorded any impairment losses in any of the periods reported.
The Group also considers it has significant influence over the funds that it serves as general partner or fund manager. For funds that the Group is not deemed the primary beneficiary of these funds, the equity method of accounting is accordingly used for investments by the Group in these funds. In addition, the investee funds meet the definition of an Investment Company and are required to report their investment assets at fair value. The Group records its equity pick-up based on its percentage ownership of the investee funds’ operating result. (g) Fair Value of Financial Instruments The Group records certain of its financial assets and liabilities at fair value on a recurring basis. Fair value reflects the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The Group applies a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy is as follows: Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. (h) Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and demand deposits, which are unrestricted as to withdrawal and use, and which have original maturities of three months or less when purchased. As of December 31, 2017 and 2018, cash and cash equivalents of RMB11,641 and RMB32,223, respectively, was held by the consolidated fund (see note 2(c)). Cash and cash equivalents held by the consolidated fund represents cash that, although not legally restricted, is not available to general liquidity needs of the Group as the use of such funds is generally limited to the investment activities of the consolidated fund. (i) Restricted Cash The Group’s restricted cash primarily represents cash deposits required by China Insurance Regulatory Commission for entities engaging in insurance agency or brokering activities in China. Such cash cannot be withdrawn without the written approval of the China Insurance Regulatory Commission. (j) Investments The Group invests in debt securities and equity securities and accounts for the investments based on the nature of the products invested, and the Group’s intent and ability to hold the investments to maturity.
The Group’s investments in debt securities include marketable bond fund securities, trust products, asset management plans, contractual funds and real estate funds those have a stated maturity and normally pay a prospective fixed rate of return and secondary market equity fund products, the underlying assets of which are portfolios of equity investments in listed enterprises. The Group classifies the investments in debt securities asheld-to-maturity when it has both the positive intent and ability to hold them until maturity. Held-to-maturity investments are recorded at amortized cost and are classified as long-term or short-term according to their contractual maturity. Long-term investments are reclassified as short-term when their contractual maturity date is less than one year. Investments that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value with changes in fair value recognized in earnings. Investments that do not meet the criteria of held-to-maturity or trading securities are classified as available-for-sale, and are reported at fair value with changes in fair value deferred in other comprehensive income. On January 1, 2018, the Group adopted ASU 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. According to the guidance, the Group started to record equity investments at fair value, with gains and losses recorded through net earnings. And the Group elected to measure certain equity investments without readily determinable fair value at cost, less impairments, plus or minus observable price changes and assess for impairment quarterly. The accounting standard also includes a transition requirement on presentation that requires the amounts reported in accumulated other comprehensive income for equity securities that exist as of the date of adoption previously classified as available-for-sale to be reclassified to retained earnings. As a result, upon adoption of this new standard, Noah recorded a cumulative effect adjustment from other comprehensive income to retained earnings of RMB251.6 million (US$38.7 million), net of tax, for the unrealized gains related to equity securities previously classified as available-for-salesecurities. This adjustment had no overall impact on shareholders’ equity; however, since these net unrealized gains are now included within retained earnings, they will not appear as realized gains on Noah’s consolidated income statement when sold. The Group reviews its investments in debt except for those classified as trading securities for other-than-temporary impairment based on the specific identification method and considers available quantitative and qualitative evidence in evaluating potential impairment. If the cost of an investment exceeds the investment’s fair value, the Group considers, among other factors, general market conditions, government economic plans, the duration and the extent to which the fair value of the investment is less than cost and the Group’s intent and ability to hold the investment to determine whether an other-than-temporary impairment has occurred. The Group recognizes other-than-temporary impairment in earnings if it has the intent to sell the debt security or if it is more-likely-than-not that it will be required to sell the debt security before recovery of its amortized cost basis. Additionally, the Group evaluates expected cash flows to be received and determines if credit-related losses on debt securities exist, which are considered to be other-than-temporary, should be recognized in earnings. If the investment’s fair value is less than the cost of an investment and the Group determines the impairment to be other-than-temporary, the Group recognizes an impairment loss based on the fair value of the investment. The Group has not recorded any other-than-temporary impairment during the periods presented. (k) Non-controlling interests A non-controlling interest in a subsidiary of the Group represents the portion of the equity (net assets) in the subsidiary not directly or indirectly attributable to the Group. Non-controlling interests are presented as a separate component of equity in the consolidated balance sheet and earnings and other comprehensive income are attributed to controlling and non-controlling interests. The non-controlling interest was RMB78,486 and RMB337,677, respectively as of December 31, 2017 and 2018. The net loss attributable to non-controlling interest was RMB40,602, RMB13,745 and RMB7,551, respectively for the year ended December 31, 2016, 2017 and 2018.
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:
(l) Property and Equipment, net Property and equipment is stated at cost less accumulated depreciation, and is depreciated using the straight-line method over the following estimated useful lives:
Gains and losses from the disposal of property and equipment are included in income from operations. (m) Revenue Recognition On January 1, 2018, the Group adopted ASC 606, Revenue from Contracts with Customers using the modified retrospective method for all contracts not completed as of the date of adoption. Accordingly, revenue for the year ended December 31, 2018 was presented under ASC 606, while comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Those types of revenues are accounted for as contracts with customers. Under the guidance of ASC 606, the Group is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract and (e) recognize revenue when (or as) the Group satisfies its performance obligation. In determining the transaction price, the Group has included variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur. Revenues are recorded, net of sales related taxes and surcharges. The adoption of ASC 606 did not significantly change (i) the timing and pattern of revenue recognition for all of the Group’s revenue streams, and (ii) the presentation of revenue as gross versus net. Therefore, the adoption of ASC 606 did not have a significant impact on the Group’s financial position, results of operations, equity or cash flows as of the adoption date and for the year ended December 31, 2018. The following table summarizes the Group’s main revenues streams from contracts with its customers:
Disaggregation of revenue The Group derives revenue primarily from one-time commissions, recurring service fees and performance-based income paid by clients or financial product providers. The following table shows, by segment, revenue from contracts with customers disaggregated by geographical region and service lines for the year ended December 31, 2018:
One-time commissions The Group earns one-time commissions from fund raising services provided to clients or financial product providers. The Group enters into one-time commission agreements with clients or financial product providers which specifies the key terms and conditions of the arrangement. One-time commissions are separately negotiated for each transaction and generally do not include rights of return, credits or discounts, rebates, price protection or other similar privileges, and typically paid on or shortly after the transaction is completed. Upon establishment of a financial product, the Group earns a one-time commission from clients or financial product providers, calculated as a percentage of the financial products purchased by its clients. The Group defines the “establishment of a financial product” for its revenue recognition purpose as the time when both of the following two criteria are met: (1) the investor referred by the Group has entered into a purchase or subscription contract with the relevant product provider and, if required, the investor has transferred a deposit to an escrow account designated by the product provider and (2) the product provider has issued a formal notice to confirm the establishment of a financial product. After the contract is established, there are no significant judgments made when determining the one-time commission price. Therefore one-time commissions is recorded at point of time when the financial product is established. For certain contracts that require a portion of the payment be deferred until the end of the financial products’ life or other specified contingency, the Group evaluates each variable consideration and recognizes revenue only when the Group concludes that it is probable that changes in its estimate of such consideration will not result in significant reversals of revenue in subsequent periods.
The Group also earns one-time commissions from insurance companies by referring clients to purchase the insurance products from them, and recognizes revenues when the underlying insurance contracts become effective. Recurring service fees The Group also provides investment management services to investment funds and other vehicles in exchange for a recurring service fees. Recurring service fees are determined based on the types of financial products the Group distributes and/or manages and are calculated as either (i) a percentage of the total capital commitments of investments made by the investors or (ii) as a percentage of the fair value of the total investment in the financial products, calculated daily. These customer contracts require the Group to provide investment management services, which represents a performance obligation that the Group satisfies over time. After the contract is established, there are no significant judgments made when determining the transaction price. As the Group provides these services throughout the contract term, for either method of calculating recurring service fees, revenue is calculated on a daily basis over the contract term. Recurring service agreements do not include rights of return, credits or discounts, rebates, price protection or other similar privileges. Payment of recurring service fees are normally on a regular basis (typically quarterly or annually) and are not subject to clawback once determined. Performance-based income In a typical arrangement in which the Group serves as fund manager, and in some cases in which the Group serves as distributor, the Group is entitled to a performance-based fee based on the extent by which the fund’s investment performance exceeds a certain threshold based on the contract term. Such performance-based fees earned based on the performance of the underlying fund are a form of variable consideration in its contracts with customers to provide investment management services. Those performance-based income is typically calculated and distributed when the cumulative return of the fund can be determined. Performance-based income will not be recognized as revenue until (a) it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur, or (b) the uncertainty associated with the variable consideration is subsequently resolved. At each reporting date, the Group updates its estimate of the transaction price and concludes that it cannot include its estimate of performance-based income in the transaction price because performance-based income has various possible consideration amounts and the experience that the Group has with similar contracts is of little predictive value in determining the future performance of the funds, thus the Group cannot conclude that it is probable that a significant reversal in the cumulative amount of revenue recognized would not occur. Other service fees Other service fees constitutes around 10% of total revenue of the Group. The Group mainly derived other service fees from lending services, investor education services and other services. Revenue from lending services represents interest income from loan origination services, and is recognized monthly in accordance with their contractual terms and recorded as part of other service fees in the consolidated statement of operations. The Group does not charge prepayment penalties from its customers. The Group also provides investor education services, offering various types of training programs to high net worth individuals and their families. Such programs normally last several days. The service fees charged to the attendees are not refundable. The revenues are recognized at point of time when the service is completed considering the course lasts only for a few days. Transaction price allocation For certain contracts that the Group provides both fund raising and investment management services involving two separate performance obligations which belong to two major stream (i.e., one time and recurring services), the Group needs to allocate transaction price between these two performance obligations at the relative stand-alone selling price (“SSP”). Judgment is required to determine the SSP for each distinct performance obligation. As the service fee rate for each service contained in the contract is typically negotiated separately, the Group determines that those fee rates are generally consistent with SSP, and can be deemed as the transaction price allocated to each performance obligation.
Accounts receivable Timing of revenue recognition may differ from the timing of invoicing to customers. Amounts due from related partied (receivables from funds that Gopher manages) and accounts receivable represent amounts invoiced, and revenue recognized prior to invoicing when the Group has satisfied its performance obligations and has the unconditional right to consideration. As the Group is entitled to unconditional right to consideration in exchange for services when the Group transferred to customers, the Group therefore does not recognize any contract asset. The Group evaluates allowance for collectability of accounts receivable case by case based on the historical experience and the credit risk of each product provider or investment fund. The Group evaluates and adjusts its allowance for uncollectible accounts receivable on a quarterly basis or more often as necessary. No allowance was provided for the balances of accounts receivable as of December 31, 2017 and 2018. And the balances of accounts receivable as of December 31, 2017 and 2018 were substantially within one year. Contract liability Contract liability (deferred revenue) relates to unsatisfied performance obligations at the end of each reporting period and consists of cash payment received in advance for recurring service fees, from customers of investment management services. Due to the prepayment was normally paid on a quarterly basis, the majority of the performance obligations are satisfied within one year. The amount of revenue recognized in 2018 that was included in deferred revenue balance at the beginning of the year was RMB177.4 million. Practical expedients The Group has used the following practical expedients as allowed under ASC 606: The Group expenses sales commissions as incurred when the amortization period is one year or less. Sales commission expenses are recorded within “Relationship manager compensation” in the consolidated statements of operations. The Group assessed and concluded that there is no significant financing component given that the period between performance and payment is generally one year or less. The Group has also applied the practical expedient for certain revenue streams to exclude the value of remaining performance obligations for (i) contracts with an original expected term of one year or less or (ii) contracts for which the Group recognizes revenue in proportion to the amount the Group has the right to invoice for services performed. The remaining performance obligations relate to the investment management services to be provided to the investment funds. (n) Business Tax and Related Surcharges The Group is subject to business tax, education surtax, and urban maintenance and construction tax, on the services provided in the PRC. Business tax and related surcharges are primarily levied based on revenues concurrent with a specific revenue-producing transaction at combined rates ranging from 5.35% to 5.65%. They can be presented either on a gross basis (included in revenues and costs) or on a net basis (excluded from revenue) at the Group’s accounting policy decision under U.S. GAAP. The Group has elected to report such business tax and related surcharges on a net basis as a reduction of revenues. Business tax is no longer applicable to the Group from May 1, 2016 according to Circular 36 and the applicable Value-added Tax (“VAT”) rates include 3%, 6%, 11%, and 17%. Besides, the rate for our PRC subsidiaries and our variable interest entities is mainly 6%. From May 1, 2018, the tax rate of 11% and 17% declined to 10% and 16%. Further according to Circular 39, this two applicable VAT rates further reduced to 9% and 13% respectively from April 1, 2019. The deduction of such rates will lead to less VAT input that the Group can utilize which will increase VAT liability and related surcharges accordingly. At the same time, Circular 39 also expands the range for VAT input deduction by adding the domestic transport services. With the passenger’s identification information on the paper tickets or e-tickets, the applicable deduction rate for airline and railway tickets is 9% of ticket value, and 3% for the waterway and highway tickets. The Group expects to enjoy this tax policy by utilizing more VAT input.
(o) Compensation and benefits Compensation and benefits mainly include salaries and commissions for relationship managers, share-based compensation expenses, bonus related to performance based income, and salaries and bonuses for middle office and back office employees. (p) Income Taxes Current income taxes are provided for in accordance with the relevant statutory tax laws and regulations. The Group accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Group recognizes net deferred tax assets to the extent that it believes these assets are more likely than not to be realized. In making such a determination, it considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Group determines that its deferred tax assets are realizable in the future in excess of their net recorded amount, the Group would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Group records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) the Group determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Group recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. The liability associated with unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in the period in which they are identified. The effective tax rate for the Group includes the net impact of changes in the liability for unrecognized tax benefits and subsequent adjustments as considered appropriate by management. The Group recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying Consolidated Statement of Operations. Accrued interest and penalties are included within the related tax liability line in the Consolidated Balance Sheet. In 2017, the Group adopted ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which requires deferred income tax liabilities and assets to be classified as non-current on the balance sheet rather than being separated into current and noncurrent. (q) Share-Based Compensation The Group recognizes share-based compensation based on the fair value of equity awards on the date of the grant, with compensation expense recognized using a straight-line vesting method over the requisite service periods of the awards, which is generally the vesting period. The Group estimates the fair value of share options granted using the Black-Scholes option pricing model. The expected term represents the period that share-based awards are expected to be outstanding, giving consideration to the contractual terms of the share-based awards, vesting schedules and expectations of future employee exercise behavior. The computation of expected volatility is based on the fluctuation of the historical share price. Amortization of share-based compensation is presented in the same line item in the consolidated statements of operations as the cash compensation of those employees receiving the award. The Group treated a modification of the terms or conditions of an equity award as an exchange of the original award for a new award. The incremental compensation cost as an effect of a modification is measured as the excess, if any, of the fair value of the modified award over the fair value of the original award immediately before its terms are modified, measured based on the share price and other pertinent factors at that date. Total recognized compensation cost for an equity award shall at least equal the fair value of the award at the grant date unless at the date of the modification the performance or service conditions of the original award are not expected to be satisfied. Thus, the total compensation cost measured at the date of a modification shall be the sum of the portion of the grant-date fair value of the original award for which the requisite service is expected to be rendered (or has already been rendered) at that date, and the incremental cost resulting from the modification. The Group records the incremental fair value of the modified award, as compensation cost on the date of modification for vested awards, or over the remaining service period for unvested awards.
(r) Government Subsidies Government subsidies include cash subsidies received by the Group’s entities in the PRC from local governments as incentives for investing in certain local districts, and are typically granted based on the amount of investment made by the Group in form of registered capital or taxable income generated by the Group in these local districts. Such subsidies allow the Group full discretion in utilizing the funds and are used by the Group for general corporate purposes. The local governments have final discretion as to whether the Group has met all criteria to be entitled to the subsidies. The Group does not in all instances receive written confirmation from local governments indicating the approval of the cash subsidy before cash is received. Cash subsidies are RMB162,365, RMB74,156 and RMB62,583 for the years ended December 31, 2016, 2017 and 2018, respectively. Cash subsidies are recognized when received and when all the conditions for their receipt have been satisfied. (s) Net Income per Share Basic net income per share is computed by dividing net income attributable to ordinary shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised into ordinary shares. Common share equivalents are excluded from the computation of the diluted net income per share in years when their effect would be anti-dilutive. Diluted net income per share is computed by giving effect to all potential dilutive shares, including non-vested restricted shares and share options. (t) Operating Leases Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating leases. Certain of the Group’s facility leases provide for a free rent period. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease period. (u) Foreign Currency Translation and change in reporting currency The Company’s reporting currency is Renminbi (“RMB”). The Company’s functional currency is the United States dollar (“U.S. dollar or US$”). The Company’s operations are principally conducted through the subsidiaries and VIEs located in the PRC where the local currency is the functional currency. For those subsidiaries and VIEs which are not located in the PRC and have the functional currency other than RMB, the financial statements are translated from their respective functional currencies into RMB. Assets and liabilities of the Group’s overseas entities denominated in currencies other than the RMB are translated into RMB at the rates of exchange ruling at the balance sheet date. Equity accounts are translated at historical exchange rates and revenues, expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as foreign currency translation adjustment and are shown as a separate component of other comprehensive income in the consolidated statements of comprehensive income. Translations of amounts from RMB into US$ are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB6.8755 on December 31, 2018, representing the certificated exchange rate published by the Federal Reserve Board. No representation is intended to imply that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2018, or at any other rate. (v) Comprehensive Income Comprehensive income includes all changes in equity except those resulting from investments by owners and distributions to owners. For the years presented, total comprehensive income included net income, change in fair value of available-for-sale investments and foreign currency translation adjustments. (w) Loan receivables, net Loan receivables represent loans offered to the clients in the lending business. Loan receivables are initially recognized at fair value which is the cash disbursed to originate loans, measured subsequently at amortized cost using the effective interest method, net of allowance that reflects the Group’s best estimate of the amounts that will not be collected. The Group also transfers some of the loan receivables to unrelated third parties. The Group accounts for the transfer of loan receivables in accordance with ASC 860, Transfers and Servicing. Please refer to note 2(y) for the Group’s accounting policy for sale accounting.
(x) Allowance for loan losses The allowance for loan losses is maintained at a level believed to be reasonable by management to absorb probable losses inherent in the portfolio as of each balance sheet date. Net changes in the allowance for loan losses are recorded as part of other operating expenses in the consolidated statement of operations. The allowance is based on factors such as the size and current risk characteristics of the individual loans and actual loss, delinquency, and/or risk rating experience of the loans. Generally the period of the loans last for no more than 1 year, and are considered to be a homogenous population of similar credit quality. In addition, the Group also considers the loan allowance benchmarks periodically published by regulators for financial institutions in the PRC for loans with similar risks as a proxy for macroeconomic conditions that could have an impact on the performance of loans prospectively. Specific reserves are provided when and to the extent a credit event occurs with respect to an individual loan. The allowance for loan losses is increased by charges to income and decreased by charge-offs (net of recoveries). Loans are charged off when they are delinquent for more than 120 days. The Group evaluates its allowances for loan losses on a quarterly basis or more often as deemed necessary. The Group has followed the same methodology for estimating the loan losses since inception. The provision rate for loans outstanding as of December 31, 2017 and 2018 were 0.42% and 0.42%, respectively. The Group performed a “back test” of the allowance for loan losses estimate by comparing the actual loan losses in 2018 to the estimated loan losses as of December 31, 2017. No significant difference was identified. In case significant variance is identified through the back test, the estimate methodology will be modified to reflect expected loan losses. (y) Sale accounting The Group developed a new business model in 2016 through one of its subsidiaries, whereby the Group issues loans to unrelated third parties which are collateralized by trade receivables resulting from normal business transactions between the original creditor and their debtors. Legally, the Group has acquired the underlying trade receivables. However, given the nature of the recourse retained by the original creditor, the purchase of trade receivables does not meet the criteria in ASC 860, and is therefore accounted for as a secured lending arrangement. Upon origination, the loans are immediately transferred to individual investors on the Group’s other financial service platform. The Group accounts for the transfer of the loans in accordance with ASC 860. Such business through the Group’s online platform was terminated from the third quarter of 2017. Transfers that do not qualify for sale accounting in accordance with ASC 860 are accounted for as secured borrowings with the proceeds received from the individual investors as “loan payables from the factoring business” on the consolidated balance sheets, and the advancements to the original holders of the accounts receivables as “loan receivables from the factoring business” on the consolidated balance sheets. The cash flows related to purchases and collections of the loan receivables from the factoring business are included within the cash flows from investing activities category, and the proceeds and payments related to the transfer of the rights to the loan receivables from the factoring business are included within the cash flows from financing activities in the consolidated statement of cash flows. For transfers that qualify for sale accounting in accordance with ASC 860, cash receipts and cash payments resulting from their acquisition and sale are classified as operating cash flows. As the loans are sold at par value, no gain or loss is recorded as a result. The Group’s continuing involvement subsequent to the transfer is limited to the services performed as a collection agent to collect and disburse cash flows received from the underlying receivables to the individual investors, and does not provide guarantee on the return of the receivables. The Group has no retained interests, servicing assets, or servicing liabilities related to the loans sold. In 2017, the Group extended such business model to receivables from other business. The transfers of receivables from other business also qualify for sale accounting in accordance with ASC 860. As a result, the Group adopted the same accounting policy as described in the preceding paragraph.
(z) Accounting Standards Issued But Not Yet Implemented In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which requires lessees to recognize most leases on the balance sheet. This ASU requires lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of twelve months or less. The ASU does not significantly change the lessees’ recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. Lessors’ accounting under the ASC is largely unchanged from the previous accounting standard. In addition, the ASU expands the disclosure requirements of lease arrangements. Lessees and lessors will use a modified retrospective transition approach, which includes a number of practical expedients. The provisions of this guidance are effective for annual periods beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. ASU 2018-11, “Leases (Topic 842); Targeted Improvements”, issued in July 2018, provides a transition election to not restate comparative periods for the effects of applying the new standard. This transition election permits entities to change the date of initial application to the beginning of the year of adoption and to recognize the effects of applying the new standard as a cumulative-effect adjustment to the opening balance of retained earnings. The Group is in the process of evaluating the impact of adoption of this guidance on the Group’s consolidated financial statements, and expects to use modified retrospective transition method provided by ASU 2018-11 on January 1, 2019. On adoption of the new standard, the Group expects to recognize a right of use asset and lease liability of around RMB 280 million for all of the Group’s long-term leases, which will have a material impact on the consolidated balance sheet. The conclusions are preliminary and subject to change as the Group finalize the evaluation. In June 2016, the FASB issued ASU 2016-13, Credit Losses, Measurement of Credit Losses on Financial Instruments. This ASU significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard will replace today’s incurred loss approach with an expected loss model for instruments measured at amortized cost. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2019. Early adoption is permitted for all entities for annual periods beginning after December 15, 2018, and interim periods therein. The Group is in the process of evaluating the impact on its consolidated financial statements upon adoption. In August 2018, the FASB issued ASU 2018-13. The amendments in ASU 2018-13 eliminate the requirements to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, valuation processes for Level 3 fair value measurements, and policy for timing of transfers between levels. ASU 2018-13 also provides clarification in the measurement uncertainty disclosure by explaining that the disclosure is to communicate information about the uncertainty in measurement as of the reporting date. In addition, ASU 2018-13 added the following requirements: changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and range and weighted average of significant unobservable inputs used in Level 3 fair value measurements. Finally, ASU 2018-13 updated language to further encourage entities to apply materiality when considering de minimus for disclosure requirements. The guidance will be applied retrospectively for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with the exception of amendments to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used for Level 3 fair value measurements, and the narrative description of measurement uncertainty which will be applied prospectively. Early adoption is permitted. The Group is in the process of evaluating the impact on its consolidated financial statements upon adoption. |
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| Net Income per Share | 3. Net Income per Share The following table sets forth the computation of basic and diluted net income per share attributable to ordinary shareholders:
In January 2016, the Company’s shareholders voted in favor of a proposal to adopt a dual-class share structure, pursuant to which authorized share capital was reclassified and re-designated into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one vote and each Class B ordinary share being entitled to four votes on all matters that are subject to shareholder vote. As economic rights and obligations are applied equally to both Class A and Class B ordinary shares, earnings are allocated between the two classes of ordinary shares evenly with the same allocation on a per share basis. Diluted net income per share does not include the following instruments as their inclusion would be antidilutive:
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| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Assets | 4. Other Current Assets Components of other current Assets are as follows:
Receivables from financial leasing service relates to financial leasing business the Group started in 2017. The receivables are initially recognized as long-term receivables as the underlying leases typically with a term of two or three years. The balances of the receivables as of December 31, 2017 and 2018, respectively, was RMB132,821 and RMB244,405 (of which 216,071 was reclassified from other non-current assets to other current assets because the remaining financial leasing term was less than one year). |
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- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for other current assets. No definition available.
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Investments |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Investments Schedule [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments | 5. Investments The following table summarizes the Group’s investment balances:
Held-to-maturity investments consist of investments in fixed income products that have stated maturity and normally pay a prospective fixed rate of return, carried at amortized cost. The Group recorded investment income on these products of RMB21,393, RMB22,090 and RMB19,740 for the years ended December 31, 2016, 2017 and 2018, respectively. The gross unrecognized holding gain was RMB9,136 and RMB5,863 as of December 31, 2017 and 2018. Of the long-term held-to-maturity investments, RMB100,000 and RMB21,671 will mature in 2020 and 2021, respectively. Held-to-maturity investments also include investments in debt securities managed by the Group of RMB195,500 and RMB134,071 as of December 31, 2017 and 2018, respectively. Available-for-sale investments consist of investments in fixed income products and other products that have stated maturity and normally pay a prospective fixed rate of return, carried at fair value. On January 1, 2018, upon adoption of ASU 2016-01, the Group recorded a cumulative effect adjustment from other comprehensive income to retained earnings of RMB251.6 million (US$38.7 million), net of tax, for the unrealized gains related to equity securities previously classified as available-for-sale investments. Changes in fair value of the available-for-sale investments, net of tax, for the years ended December 31, 2017 and 2018 was RMB272,574 (of which 251,641 was related to available-for-sale investments in equity securities) and RMB9,314, recorded in the other comprehensive income, of which RMB22,149 and RMB9,663 was realized and reclassified from other comprehensive income to investment income in the consolidated statements of operations during the year. As of December 31, 2017 and 2018, the net unrealized gain, net of tax, remained in other comprehensive income was RMB253,099 (of which 251,641 was related to available-for-sale investments in equity securities) and RMB29, respectively. The amortized cost of the available-for-sale investments as of December 31, 2017 and 2018 was RMB108,886 and RMB182,142, respectively. There’s no investment with realized or unrealized losses during the periods presented.
The consolidated investment funds are, for GAAP purposes, investment companies and reflect their investments at fair value. The Group has retained this specialized accounting for the consolidated funds in consolidation. Accordingly, the unrealized gains and losses resulting from changes in fair value of the investments held by the consolidated investment funds are recorded in the consolidated statements of operations as investment income. Other long-term investments consist of investments in several private equity funds as a limited partner with insignificant equity interest, equity investments of common shares of several companies with less than 20% interest. On January 1, 2018, after adopting ASU 2016-01, the Group records certain equity investments at fair value, with gains and losses recorded through net earnings. For certain long-term equity investments without readily determinable fair value, the Group recorded those at cost, less impairments, plus or minus observable price changes. |
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- Definition The entire disclosure for investments, including all tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Fair Value Measurement |
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| Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurement | 6. Fair Value Measurement As of December 31, 2017 and December 31, 2018, information about inputs into the fair value measurements of the Group’s assets and liabilities that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:
Available-for-sale investments in debt securities consist of investments in trust products, asset management plans, contractual funds and real estate funds that have stated maturity and normally pay a prospective fixed rate of return. These investments are recorded at fair value on a recurring basis. The fair value is measured either using discounted cash flow model based on contractual cash flow and a discount rate of prevailing market yield for products with similar terms as of the measurement date, as such, it is classified within Level 2 measurement, or using quoted prices in active markets which is classified within Level 1 measurement. The investments held by the consolidated investment fund in 2017 consisted of investment in limited partnership. As the limited partnership was newly established with limited operation, the fair value of the investments approximate the investments cost minus operating expense and is classified within Level 2 measurement. The Group deconsolidated this investment fund in 2018. As of December 31, 2018, the Group has another two consolidated investment funds whose underlying investments are either bonds or asset management plans. The bonds have stated maturity and normally pay a prospective fixed rate of return and using discounted cash flow model based on contractual cash flow and a discount rate of prevailing market yield for products with similar terms as of the measurement date, as such, it is classified within Level 2 measurement. The asset management plans measured at net asset value provided by external fund managers are classified within Level 2 as well. Other long-term investments measured at fair value are all private equity funds products, whose fair value can be either obtained through active markets which is classified within Level 1 measurement or using prices for similar assets in active markets. The Group does not have assets or liabilities reported at fair value on a non-recurring basis during the periods presented. The Group also has financial instruments that are not reported at fair value on the consolidated balance sheet but whose fair values are practicable to estimate. The Group believes the fair value of its financial instruments: principally cash and cash equivalents, restricted cash, accounts receivable, amount due from related parties, loan receivables from factoring business, short-term held-to-maturity investments, loan receivables, loan payables from factoring business and other payables approximate their recorded values due to the short-term nature of the instruments. The fair value of convertible note as of December 31, 2018 is RMB38,026 (US$5,531), estimated by reference to the stock price of the Group by the end of 2018. The Group’s long-term investments consist of investment in private equity funds, held-to-maturity long-term fixed income products, and equity investments. For those long-term equity investments without readily determinable fair value that the Group are not able to estimate fair value without undue cost, the Group uses cost minus impairment method as alternative. As of December 31, 2017 and 2018, information about inputs into the fair value measurements of the Group’s long-term financial instruments that are not reported at fair value on balance sheet is as following:
In 2017, for the long-term investment in private equity funds the fair value was determined based on the Group’s equity holding percentage multiplied by the fair value of the underlying funds available from the financial information of the funds. The fair value of the underlying investments in these funds was estimated via a discounted cash flow model, using unobservable inputs mainly including assumptions about expected future cash flows based on information supplied by investees, degree of liquidity in the current credit markets and discount rate, and is thus classified as a Level 3 fair value measurement. The fair value of the equity investment in the private entity is also estimated using discounted cash flow model and is classified as a level 3 fair value measurement. On January 1, 2018, the Group adopted ASU 2016-01, Financial Instruments, and started to measure long-term equity investments, other than equity method investments, at fair value through earnings. For those investments without readily determinable fair value that the Group cannot estimate fair value without undue cost, the Group elected to record those investments at cost, less impairment, and plus or minus subsequent adjustments for observable price changes, which are generally not categorized in the fair value hierarchy. As of December 31, 2018, the carrying value of equity investments without readily determinable fair value was RMB279.3 million. The fair value of long-term investment in fixed income products was estimated using a discounted cash flow model based on contractual cash flows and a discount rate at the prevailing market yield on the measurement date for similar products, and is classified as a Level 2 fair value measurement. |
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- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Investment in Affiliates |
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| Investments in and Advances to Affiliates [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment in Affiliates | 7. Investment in Affiliates The following table summarizes the Group’s balances of investment in affiliates:
In May 2011, Tianjin Gopher injected RMB4.0 million into Kunshan Jingzhao Equity Investment Management Co., Ltd (“Kunshan Jingzhao”), a newly setup joint venture, for 40% of the equity interest. Kunshan Jingzhao principally engages in real estate fund management business. In November 2012, Gopher Asset Management injected RMB3.8 million into Kunshan Vantone Zhengyuan Private Equity Fund Management Co., Ltd (“Kunshan Vantone”), a newly established joint venture, for 15% of the equity interest. Kunshan Vantone principally engages in private equity fund management businesses. The Group considers it has significant influence over Kunshan Vantone due to the level of its participation on the board of directors. In February 2013, Gopher Asset Management injected RMB21.0 million into Wanjia Win-Win Assets Management Co., Ltd (“Wanjia Win-Win”), a newly setup joint venture, for 35% of the equity interest. Wanjia Win-Win principally engages in wealth management plan management business.In December 2017, the share owned by Gopher Asset Management had been diluted to 28%. In July 2013, Gopher Asset Management injected RMB0.8 million into Wuhu Bona Film Investment Management Co., Ltd. (“Wuhu Bona”), a newly established joint venture, for 15% of the equity interest. Wuhu Bona principally engages in film private equity fund management businesses. The Group considers it has significant influences over Wuhu Bona due to the level of its participation on the board of directors. In January 2016, Shanghai Gopher Asset Management injected RMB1.2 million into Shanghai Weiying Gopher Investment Management Co., Ltd (“Shanghai Weiying”), a newly setup joint venture, for 30% of equity interest. Shanghai Weiying principally engages in film industry investment. In December 2018, the Group disposed of all equity interest in Shanghai Weiying in the consideration of RMB1.5 million at its then net asset value. In April 2016, Shanghai Gopher Asset Management injected RMB9.8 million into Wuhu Hongxing Meikailong Equity Investment Management Co., Ltd (“Wuhu Hongxing”), a newly setup joint venture, for 50% of equity interest. Wuhu Hongixng principally engages in equity investment, asset management and investment consulting related to commercial properties. In August 2016, Gopher Asset Management injected RMB4 million into Hainan Alibaba Picture Investment Management Co., Ltd (“Hainan Alibaba), a newly setup joint venture, for 40% of equity interest. Hainan Alibaba principally engages in PE fund management and film industry investment, etc.
In the second quarter of 2017, the Group transferred 100% shares of one subsidiary, Shanghai Noah Rongyao Insurance Broker Co., Ltd. to Shanghai Nifei Enterprise Management Co., Ltd, an entity owned by the Group’s shareholders, and two individuals, Tan Wenhong and Zhaoyi, senior executives of the Group’s subsidiaries, with consideration of RMB52,622 at a loss of RMB12. In the fourth quarter of 2017, the Group obtained significant influence over Shanghai Noah Rongyao Insurance Broker by acquiring 40%beneficial right through an agreement at a price of RMB21,049. As a result, Shanghai Rongyao Insurance Broker was deconsolidated and recorded as investment in affiliates. In the fourth quarter of 2018, the Group acquired 60% beneficial right in the consideration of RMB32,938 based on the valuation report provided by independent external valuation specialist. In addition, the Group consolidated Shanghai Rongyao Insurance Broker since October 1, 2018 based on variable interest model under US GAAP. As a result, the existing equity interest was remeasured at fair value. The difference with the carrying amount was recognized as loss on deemed disposal of equity method investment of RMB1,970 in the consolidated statement of comprehensive income. In the fourth quarter of 2016, Gopher Asset Management injected RMB150 million into Gopher Transformation Private Fund, accounted for 48% of total actual distribution volume. The fund principally invested in a limited partnership to invest one real-estate company. Although managed by Gopher Asset Management, the fund are not consolidated by the Group based on the facts that substantive kick-out rights exist which are exercisable by a simple-majority of non-related limited partners of the fund to dissolve (liquidate) the fund or remove the company as the general partner of the fund without cause. Gopher Asset Management and its subsidiaries invested in private equity funds of funds, real estate funds and real estate funds of funds, and other fixed income funds of funds that the Group serves as general partner or fund manager. Gopher Asset Management held less than 10% equity interests in these funds as a general partner. The Group accounts for these investments using the equity method of accounting due to the fact that the Group can exercise significant influence on these investees in the capacity of general partner or fund manager. The Group recorded income from equity in affiliates of RMB22,343, RMB92,136 and RMB14,469 for the years ended December 31, 2016, 2017 and 2018, respectively. Summarized financial information The following table shows summarized financial information relating to the statements of financial condition for the Group’s equity method investments assuming 100% ownership as of December 31, 2017 and 2018:
The following table shows summarized financial information relating to the statements of operations for the Group’s equity method investments assuming 100% ownership for the years ended December 31, 2016, 2017 and 2018:
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- References No definition available.
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- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Property and Equipment, Net |
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| Property and Equipment, Net | 8. Property and Equipment, Net Property and equipment, net consists of the following:
Depreciation expense was RMB61,320, RMB81,964 and RMB92,282 for the years ended December 31, 2016, 2017 and 2018, respectively. |
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- References No definition available.
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Other Current Liabilities |
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| Other Liabilities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Liabilities | 9. Other Current Liabilities Components of other current liabilities are as follows:
Accrued expenses mainly consist of payables for marketing expenses and professional service fees. Deposits from other financial service business mainly consists of the security deposits from individual borrowers for their loans. Payable to individual investors of other financial service business consists of interests and principals payable to individual investors who purchased other financial products distributed by the Group. |
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- References No definition available.
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- Definition The entire disclosure for other liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Income Taxes |
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| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | 10. Income Taxes Cayman Islands Under the current laws of the Cayman Islands, the Company is not subject to tax on its income or capital gains. In addition, the Cayman Islands do not impose withholding tax on dividend payments.
Hong Kong Under the current Hong Kong Inland Revenue Ordinance, the Company’s subsidiaries established in Hong Kong are subject to 16.5% income tax on their taxable income generated from operations in Hong Kong. Under the Hong Kong tax laws, it is exempted from the Hong Kong income tax on its foreign-derived income. In addition, payments of dividends from Hong Kong subsidiaries to us are not subject to any Hong Kong withholding tax. PRC Under the Law of the People’s Republic of China on Enterprise Income Tax (“EIT Law”), domestically-owned enterprises and foreign-invested enterprises are subject to a uniform tax rate of 25%. The tax expense (benefit) comprises:
Reconciliation between the statutory tax rate to income before income taxes and the actual provision for income taxes is as follows:
The aggregate amount and per share effect of the Tax Holiday (including effect of timing difference reversed in the year with different rate) are as follows:
The principal components of the deferred income tax asset and liabilities are as follows:
Deferred tax assets and liabilities have been offset where the Group has a legally enforceable right to do so, and intends to settle on a net basis. The Group considers positive and negative evidence to determine whether some portion or all of the deferred tax assets will be more likely than not realized. This assessment considers, among other matters, the nature, frequency and severity of recent losses, forecasts of future profitability, the duration of statutory carry forward periods, the Group’s experience with tax attributes expiring unused and tax planning alternatives. These assumptions require significant judgment and the forecasts of future taxable income are consistent with the plans and estimates the Group is using to manage the underlying businesses. Valuation allowances are established for deferred tax assets based on a more likely than not threshold. The Group’s ability to realize deferred tax assets depends on its ability to generate sufficient taxable income within the carry forward periods provided for in the tax law. The amount of the deferred tax asset considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry-forward period are reduced. As of December 31, 2018, operating loss carry forward amounted to RMB471,913 for the PRC and Hong Kong income tax purpose. According to the Article 18 of PRC Tax Law, the enterprise can carry over the losses to the succeeding five tax years, tax loss carryforward that the Group recognized in 2014 will begin to expire in 2020. During the years ended December 31, 2017 and 2018, the Group recorded an allowance of RMB9,183 and RMB15,651, respectively for deferred tax assets which are not more likely than not to be realized. In accordance with the EIT Law, dividends, which arise from profits of foreign invested enterprises (“FIEs”) earned after January 1, 2008, are subject to a 10% withholding income tax. In addition, under tax treaty between the PRC and Hong Kong, if the foreign investor is incorporated in Hong Kong and qualifies as the beneficial owner, the applicable withholding tax rate is reduced to 5%, if the investor holds at least 25% in the FIE, or 10%, if the investor holds less than 25% in the FIE. A deferred tax liability should be recognized for the undistributed profits of PRC companies unless the Group has sufficient evidence to demonstrate that the undistributed dividends will be reinvested and the remittance of the dividends will be postponed indefinitely. The accumulated undistributed earnings of the Group’s PRC subsidiaries were RMB2.8 billion as of December 31, 2018. The Group intends to indefinitely reinvest the remaining undistributed earnings of the Group’s PRC subsidiaries, and therefore, no additional provision for PRC dividend withholding tax was accrued. Aggregate undistributed earnings of the Group’s VIE companies located in the PRC that are available for distribution to the Group were approximately RMB1.3 billion as of December 31, 2018. A deferred tax liability should be recorded for taxable temporary differences attributable to the excess of financial reporting amounts over tax basis amount in domestic subsidiaries. However, recognition is not required in situations where the tax law provides a means by which the reported amount of that investment can be recovered tax-free and the enterprise expects that it will ultimately use that means. The Group has not recorded any such deferred tax liability attributable to the undistributed earnings of its financial interest in VIEs because it believes such excess earnings can be distributed in a manner that would not be subject to income tax. The Group did not record any uncertain tax positions during the years ended December 31, 2016, 2017 and 2018. The Group does not anticipate any significant increases or decreases to its liability for unrecognized tax benefits within the next 12 months. According to PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or withholding agent. The statute of limitations will be extended five years under special circumstances, which are not clearly defined (but an underpayment of tax liability exceeding RMB 100 is specifically listed as a special circumstance). In the case of a related party transaction, the statute of limitations is 10 years. There is no statute of limitations in the case of tax evasion. . |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Loans Receivable, Net |
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| Loans Receivable, Net | 11. Loans Receivable, Net Loans receivable as of December 31, 2017 and 2018 consist of the following:
The loan interest rates range between 4% and 18% for the years ended December 31, 2018. All loans are short-term loans, and RMB525,166 of the balance is secured by collateral. The following table presents the activity in the allowance for loan losses as of and for the years ended December 31, 2017 and 2018.
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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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Convertible Notes |
12 Months Ended |
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Dec. 31, 2018 | |
| Debt Disclosure [Abstract] | |
| Convertible Notes | 12. Convertible notes On February 3, 2015, the Company issued an aggregate principal amount of US$80 million (RMB550 million as of December 31, 2018) of convertible notes (“Notes”) through private placement to Greenwoods Asset Management, Hillhouse Capital Management and Keywise Capital Management. The Notes bear interest at a rate of 3.5% per annum from the issuance date through maturity on February 3, 2020 (the “maturity date”), and is payable semiannually in arrears on February 3 and August 3 of each year, beginning on August 3, 2015. The Notes will be convertible, at the holders’ option, into the Company’s ADSs, two of which represent one ordinary share of the Company, at a conversion price of US$23.03 (RMB158.34 as of December 31, 2018) per ADS, representing an initial conversion rate of 43.4216 ADSs per US$1,000 principal amount of the Notes, subject to customary adjustments. The conversion feature requires physical settlement, and can only be exercised when the portion to be converted is at least US$10 million or a lesser amount then held by the holder. The holders will have the right, at the holders’ option, to require the Company to repurchase for cash on February 3, 2018 or on the maturity date, or upon a fundamental change or default, all of the Notes at a repurchase price that is equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date. Events of default include failure to pay principal or interest, breach of conversion obligation, suspension from trading or failure of ADSs to be listed, bankruptcy, etc. Debt issuance costs of nil is recorded as a direct deduction from the face amount of convertible notes.
The Company recorded the Notes as a liability in their entirety, and neither conversion feature nor any other feature is required to be bifurcated and accounted for separately. In addition, as the effective conversion price is greater than the fair value of underlying ADS, there was no beneficial conversion feature to be recognized. US$5 million and US$53.91 million of the Notes have been converted to 217,108 ADS (represents 108,554 ordinary shares) and 2,340,860 ADS (represents 1,170,430 ordinary shares) at the contractual conversion price of US$23.03 per ADS during the years ended December 31, 2017 and 2018, respectively. |
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Redeemable Non-controlling Interest of a Subsidiary |
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| Noncontrolling Interest [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Redeemable Non-controlling Interest of a Subsidiary | 13. Redeemable Non-controlling Interest of a Subsidiary In December 2016, Beijing Sequoia Mingde Equity Investment Center (Limited Partnership), or Sequoia Mingde, an affiliate of Sequoia Capital China, acquired 8% of the equity interest of Gopher International Limited (“New Gopher”), a newly established subsidiary of the Company, at purchase price of RMB336 million, with a precondition that all unrestricted asset management business should be transferred from Gopher Asset Management Co., Ltd (“Old Gopher”) to the New Gopher (the “business restructure”). In addition, Sequoia Mingde provided RMB12 million no-interest bearing loan to the Old Gopher, and has the right to convert the loan to no less than 8% of equity interests of Old Gopher before finalization of the business restructure. The total investment, including the loan, is redeemable by Sequoia Mingde at a price equal to the initial investment plus a compound annual interest rate of 8% if the business restructure fails. Given the existence of such redemption right, the equity investment was recorded as redeemable non-controlling interest classified as mezzanine equity outside of stockholders’ equity in the consolidated balance sheets. No accretion to the redemption value is provided as of December 31, 2016 as the Company considers the redemption is not probable based on the current status of the business restructure. The loan is recorded within other current liabilities in the consolidated balance sheets. No embedded feature is required to be bifurcated, nor is there any beneficial conversion feature to be recognized for the equity investment or the loan. In the third quarter of 2017, Sequoia Mingde redeemed its investment in New Gopher and terminated the no-interest bearing loan to Old Gopher since the business restructuring cannot be completed in accordance with the time stipulated in the initial contract. The parties unanimously agreed to terminate this investment cooperation and the settlement amount is RMB355.6 million. This transaction was accounted for as an extinguishment of mezzanine equity by issuance of a debt with no gain or loss recognized in earnings. The difference between the carrying amount of redeemable non-controlling interest and the total settlements was recorded to retained earnings and deducted from net earnings available to common shareholders in EPS calculation.
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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Share Repurchase |
12 Months Ended |
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Dec. 31, 2018 | |
| Equity [Abstract] | |
| Share Repurchase | 14. Share Repurchase Treasury stock represents shares repurchased by the Company that are no longer outstanding and are held by the Company. Treasury stock is accounted for under the cost method. In 2017, the Company used US$4,809 (RMB31,280) to repurchase 198,694 ADSs (represents 99,347 ordinary shares). In April 2017, the Company canceled 2,492,146 ADSs (represents 1,246,073 ordinary shares) with a carrying amount of US$18,667 (RMB 121,452). As of December 31, 2017, the balance of treasury stock is 280,958 ADSs (represents 140,479 ordinary shares), amounted to US$6,190 (RMB40,267). The difference between the carrying value of the treasury stock and par value was recorded in retained earnings. In 2018, there is no change in treasury stock. |
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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Share-Based Compensation |
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Compensation | 15. Share-Based Compensation The following table presents the Company’s share-based compensation expense by type of award:
Share Options: During the year ended December 31, 2010, the Group adopted its 2010 share incentive plan (the “2010 Plan”). Under the 2010 plan, the maximum number of shares in respect of which options, restricted shares, or restricted share units may be granted will be 10% of the Group’s current outstanding share capital, or 2,315,000 shares. Options have a ten-year life and generally vest 25% on the first anniversary of the grant date with the remaining 75% vesting ratably over the following 36 months. During the year ended 31, 2017, the Group adopted its 2017 share incentive plan (the “2017 Plan”). Under the 2017 plan, the maximum aggregate number of shares which may be issued shall be 2,800,000. The term of any option granted under the 2017 Plan shall not exceed ten years and generally vest 25% on the first anniversary of the grant date with the remaining 75% vesting ratably over the following 36 months. The weighted-average grant-date fair value of options granted during the years ended December 31, 2016, 2017 and 2018 was RMB319.16 (US$47.96), RMB388.45 (US$57.30) and RMB396.37 (US$57.65) per share, respectively. There were 62,430, 203,174 and 201,630 options exercised during the years ended December 31, 2016, 2017 and 2018 respectively. The Group uses the Black-Scholes pricing model and the following assumptions to estimate the fair value of the options granted or modified:
The following table summarizes option activity during the year ended December 31, 2018:
As of December 31, 2018, there was RMB82,183 of unrecognized compensation expense related to unvested share options, which is expected to be recognized over a weighted average period of 2.65 years.
Non-vested Restricted Shares: A summary of non-vested restricted share activity during the year ended December 31, 2018 is presented below:
The total fair value of non-vested restricted shares vested in 2016, 2017 and 2018 was RMB31,223, RMB39,622 and RMB56,866, respectively. The fair value of non-vested restricted shares was computed based on the fair value of the Group’s ordinary shares on the grant date (or date of modification, as applicable). As of December 31, 2018, there was RMB168,718 in total unrecognized compensation expense related to such non-vestedrestricted shares, which is expected to be recognized over a weighted-average period of 2.87 years. The Group issued 5,748 non-vested restricted shares to replace 11,495 options that were granted under the Group’s 2011 share incentive plans but unvested as of September 13, 2016, and modified the purchase price for the restricted shares to zero with other vesting conditions remaining unchanged. The Group compared the fair value of the modified awards against the original awards as of the modification date and concluded that there is $150,494 incremental compensation cost related to restricted shares not yet vested to be recognized over the remaining vesting period. The weighted average exercise price before and after the modification are $56.25 and nil per ordinary share, respectively. |
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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Employee Benefit Plans |
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Dec. 31, 2018 | |
| Postemployment Benefits [Abstract] | |
| Employee Benefit Plans | 16. Employee Benefit Plans Full time employees of the Group in the PRC participate in a government-mandated multi-employer defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. PRC labor regulations require the Group to accrue for these benefits based on a certain percentage of the employees’ salaries. The total contribution for such employee benefits were RMB140,993, RMB163,234 and RMB203,524 for the years ended December 31, 2016, 2017 and 2018, respectively. The Group has no ongoing obligation to its employees subsequent to its contributions to the PRC plan. |
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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Restricted Assets |
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Dec. 31, 2018 | |
| Receivables [Abstract] | |
| Restricted Assets | 17. Restricted Assets Pursuant to the relevant laws and regulations in the PRC applicable to foreign-investment corporations and the Articles of Association of the Group’s PRC subsidiaries and VIEs, the Group is required to maintain a statutory reserve (“PRC statutory reserve”): a general reserve fund, which is non-distributable. The Group’s PRC subsidiaries and VIEs are required to transfer 10% of their profit after taxation, as reported in their PRC statutory financial statements, to the general reserve fund until the balance reaches 50% of their registered capital. At their discretion, the PRC subsidiaries and VIEs may allocate a portion of its after-tax profits based on PRC accounting standards to staff welfare and bonus funds. The general reserve fund may be used to make up prior year losses incurred and, with approval from the relevant government authority, to increase capital. PRC regulations currently permit payment of dividends only out of the Group’s PRC subsidiaries and VIEs’ accumulated profits as determined in accordance with PRC accounting standards and regulations. The general reserve fund amounted to RMB250,702 and RMB269,652 as of December 31, 2017 and 2018, respectively. The Group has not allocated any of its after-tax profits to the staff welfare and bonus funds for any period presented. In addition, the share capital of the Company’s PRC subsidiaries and VIEs of RMB1,315,753 and RMB1,501,288 as of December 31, 2017 and 2018, respectively, was considered restricted due to restrictions on the distribution of share capital. As a result of these PRC laws and regulations, the Company’s PRC subsidiaries and VIEs are restricted in their ability to transfer a portion of their net assets, including general reserve and registered capital, either in the form of dividends, loans or advances. Such restricted portion amounted to RMB1,566,455 and RMB1,773,440 as of December 31, 2017 and 2018, respectively. The restricted assets of the Company’s VIEs amounted to RMB453,912 and RMB627,567 as of December 31, 2017 and 2018, respectively. |
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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. No definition available.
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Segment Information |
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Information | 18. Segment Information The Group uses the management approach to determine operating segments. The management approach considers the internal organization and reporting used by the Group’s chief operating decision maker (“CODM”) for making decisions, allocating resources and assessing performance. The Group’s CODM has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. The Group believes it operates in three reportable segments: wealth management, asset management and other financial service. The Group’s CODM does not review balance sheet information of the segments. Segment information of the Group’s business is as follow:
The following table summarizes the Group’s revenues generated by the different geographic location.
Substantially all of the Group’s revenues are derived from, and its assets are located in the mainland of China and Hong Kong. |
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Related Party Transactions |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions | 19. Related Party Transactions Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities.
The table below sets forth major related parties and their relationships with the Group:
During the years ended December 31, 2016, 2017 and 2018, related party transactions were as follows:
As of December 31, 2017 and 2018, amounts due from related parties associated with the above transactions were comprised of the following:
As of December 31, 2017 and 2018, amounts due from related parties associated with loan distributed were comprised of the following:
The terms of the loans are due on demand and most of the loans are interest free. As of December 31, 2017 and 2018, deferred revenues related to the recurring management fee received in advance from related parties were comprised of the following:
In December 2016, Shanghai Qinjie Investment (Limited Partnership), a investee fund managed by Gopher Asset, acquired 9.88% of the equity interests of Shanghai Noah Yijie Finance Technology Co., Ltd, one of the Company’s subsidiaries, at a purchase price of RMB150 million. During the years ended December 31, 2016, 2017 and 2018, donation made to Shanghai Noah Foundation were RMB6.0 million, RMB2.7 million and RMB1.2 million, respectively. |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Commitments and Contingencies |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies | 20. Commitments and Contingencies (a) Operating Leases The Group leases its facilities under non-cancelable operating leases expiring at various dates. Future minimum lease payments under non-cancelable operating lease agreements as of December 31, 2018 were as follows:
Rental expenses were RMB92,972, RMB93,693 and RMB115,529 for the years ended December 31, 2016, 2017 and 2018, respectively. (b) Contingencies The Group is subject to periodic legal or administrative proceedings in the ordinary course of business. The Group does not have any pending legal or administrative proceedings to which the Group is a party that will have a material effect on its business or financial condition. |
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Subsequent Events |
12 Months Ended |
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Dec. 31, 2018 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 21. Subsequent events On February 19, 2019, the remaining balance of US$21.09 million of the Convertible Notes as of December 31, 2018 has been converted to 915,762 ADS (represents 457,881 ordinary shares) at the contractual conversion price of US$ 23.03 per ADS. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Additional Financial Information of Parent Company - Financial Statements Schedule I |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Condensed Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Additional Financial Information of Parent Company - Financial Statements Schedule I | Additional Financial Information of Parent Company – Financial Statements Schedule I Under PRC regulations, foreign-invested companies in China may pay dividends only out of their accumulated profits, if any, determined in accordance with PRC accounting standards and regulations. The Company’s PRC subsidiaries and VIEs are required to set aside at least 10% of their respective accumulated profits each year, if any, to fund general reserve funds unless such reserve funds have reached 50% of its respective registered capital. These reserves are not distributable in the form of cash dividends to the Company. In addition, the share capital of the Company’s PRC subsidiaries and VIEs are considered restricted due to restrictions on the distribution of share capital. The following Schedule I has been provided pursuant to the requirements of Rules 12-04(a) and 5-04(c) of Regulation S-X, which require condensed financial information as to the financial position, changes in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented as the restricted net assets of the Company’s PRC subsidiaries and VIEs which may not be transferred to the Company in the forms of loans, advances or cash dividends without the consent of PRC government authorities as of December 31, 2018, was more than 25% of the Company’s consolidated net assets as of December 31, 2018.
a) Condensed balance sheets (Amount in Thousands, Except Shares Data)
b) Condensed statement of operations (Amount in Thousands, Except Shares Data)
c) Condensed statement of comprehensive income (Amount in Thousands, Except Shares Data)
d) Condensed statements of cash flows (Amount in Thousands, Except Shares Data)
e) Notes to condensed financial statements
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Summary of Principal Accounting Policies (Policies) |
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| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Basis of Presentation | (a) Basis of Presentation The consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
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| Principles of Consolidation | (b) Principles of Consolidation The consolidated financial statements include the financial statements of the Group, its subsidiaries and consolidated VIEs. All inter-company transactions and balances have been eliminated upon consolidation. A consolidated subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power or has the power to: appoint or remove the majority of the members of the board of directors; cast a majority of votes at the meeting of the board of directors; or govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. U.S. GAAP provides guidance on the identification and financial reporting for entities over which control is achieved through means other than voting interests. The Group evaluates each of its interests in private companies to determine whether or not the investee is a VIE and, if so, whether the Group is the primary beneficiary of such VIE. In determining whether the Group is the primary beneficiary, the Group considers if the Group (1) has power to direct the activities that most significantly affects the economic performance of the VIE, and (2) receives the economic benefits of the VIE that could be significant to the VIE. If deemed the primary beneficiary, the Group consolidates the VIE. The Company had been engaged in the fund distribution business through contractual arrangements among its PRC subsidiary, Shanghai Noah Investment (Group) Co., Ltd (formerly known as Shanghai Noah Rongyao Investment Consulting Co., Ltd). (“Noah Rongyao”), its PRC variable interest entity, Noah Investment, and Noah Investment’s shareholders because it was difficult for foreign invested enterprise. and subsidiaries of foreign invested enterprise to apply for a fund distribution license. Noah Upright, a subsidiary of Noah Investment before March 2016, holds the licenses and permits necessary to conduct fund distribution and distribution of asset management plans sponsored by mutual fund management companies in China. However, as the license and permit approval authorities relaxed their requirements for invested enterprise to apply for fund distribution license, Noah Upright was restructured to be a subsidiary of Shanghai Noah Financial Services Corp., or Noah Financial Services, through equity transfer in March 2016.
Since the Company does not have any equity interests in Noah Investment, in order to exercise effective control over its operations, the Company, through its wholly owned subsidiary Noah Rongyao, entered into a series of contractual arrangements with Noah Investment and its shareholders, pursuant to which the Company is entitled to receive effectively all economic benefits generated from Noah Investment shareholders’ equity interests in it. These contractual arrangements include: (i) a Power of Attorney Agreement under which each shareholder of Noah Investment has executed a power of attorney to grant Noah Rongyao or its designee the power of attorney to act on his or her behalf on all matters pertaining to Noah Investment and to exercise all of his or her rights as a shareholder of the Company, (ii) an Exclusive Option Agreement under which the shareholders granted Noah Investment or its third-party designee an irrevocable and exclusive option to purchase their equity interests in Noah Investment when and to the extent permitted by PRC law, (iii) an Exclusive Support Service Agreement under which Noah Investment engages Noah Rongyao as its exclusive technical and operational consultant and under which Noah Rongyao agrees to assist in arranging the financial support necessary to conduct Noah Investment’s operational activities, (iv) a Share Pledge Agreement under which the shareholders pledged all of their equity interests in Noah Investment to Noah Rongyao as collateral to secure their obligations under the agreement, and (v) a Free-Interest Loan Agreement under which each shareholder of Noah Investment entered into a loan agreement with Noah Rongyao for their respective investment in the equity interests in Noah Investment. The total amount of interest-free loans extended to the Founders is RMB27 million (approximately US$3.93 million) which has been injected into Noah Investment. The Founders of Noah Investment effectively acted as a conduit to fund the required capital contributions from the Company into Noah Rongyao, are non-substantive shareholders and received no consideration for entering into such transactions. Under the above agreements, the shareholders of Noah Investment irrevocably granted Noah Rongyao the power to exercise all voting rights to which they were entitled. In December 2013, these loans were further restructured and each shareholder of Noah Investment re-entered into a new no-interest loan agreement with Noah Rongyao. The principal amounts of such no-interest loans to these shareholders were the same as that of the initial loans. The loan agreements will expire in December 2023. In addition, Noah Rongyao has the option to acquire all of the equity interests in Noah Investment, to the extent permitted by the then-effective PRC laws and regulations, for nominal consideration. Finally, Noah Rongyao is entitled to receive service fees for certain services to be provided to Noah Investment. The Exclusive Option Agreement and Power of Attorney Agreements provide the Company effective control over the VIE and its subsidiaries, while the equity pledge agreements secure the equity owners’ obligations under the relevant agreements. Because the Company, through Noah Rongyao, has (i) the power to direct the activities of Noah Investment that most significantly affect the entity’s economic performance and (ii) the right to receive substantially all of the benefits from Noah Investment, the Company is deemed the primary beneficiary of Noah Investment. Accordingly, the Group has consolidated the financial statements of Noah Investment since its inception. The aforementioned contractual agreements are effective agreements between a parent and a consolidated subsidiary, neither of which is accounted for in the consolidated financial statements (i.e. a call option on subsidiary shares under the Exclusive Option Agreement or a guarantee of subsidiary performance under the Share Pledge Agreement) or are ultimately eliminated upon consolidation (i.e. service fees under the Exclusive Support Service Agreement or loans payable/receivable under the Loan Agreement). The Company believes that these contractual arrangements are in compliance with PRC laws and regulations and are legally enforceable. The restructure of fund distribution business from Noah Investment to Noah Financial Service in 2016 and the transfer of Tianjin Gopher Asset Management Co., Ltd and Gopher Asset Management Co., Ltd from Noah Rongyao to Noah Investment in 2012 do not impact the legal effectiveness of these contractual arrangements and do not impact the conclusion that the Company is the primary beneficiary of Noah Investment and its subsidiaries. However, the aforementioned contractual arrangements with Noah Investment and its shareholders are subject to risks and uncertainties, including:
In 2017, the Group invested in an investment fund which it served as general partner and subscribed 29% of equity interest with the intention of transferring the equity interest to other parties in the future. As the Group is deemed to have a controlling financial interest in the investment fund as of December 31, 2017, the Group consolidated the investment fund as a primary beneficiary. In April 2018, the Group’s equity interest was diluted to 6.15% as a result of new subscriptions by third party investors. Therefore the Group deconsolidate this investment fund since April 2018 considering the Group no longer has a controlling financial interest. In 2018, the Group invested in another two investment funds which the Group both served as general partner and subscribed 23% and 48%, respectively, of those equity interest with the intention of transferring the equity interest to other parties in the future. As the Group is deemed to have a controlling financial interest in both investment funds as of December 31, 2018, the Group consolidated these investment funds as a primary beneficiary. 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.
The VIEs contributed an aggregate of 17.3%, 15.7% and 21.7% of the consolidated net revenues for the years ended December 31, 2016, 2017 and 2018, respectively and an aggregate 4.1%, 19.4% and 39.4% of the consolidated net income for the years ended December 31, 2016, 2017 and 2018, respectively. As of December 31, 2017 and 2018, the VIEs accounted for an aggregate of 26.8% and 34.6%, respectively, of the consolidated total assets. There are no consolidated assets of the VIEs and their subsidiaries that are collateral for the obligations of the VIEs and their subsidiaries and can only be used to settle the obligations of the VIEs and their subsidiaries, except for the cash held by the consolidated fund of which cash could only be used by the consolidated fund. There are no terms in any arrangements, considering both explicit arrangements and implicit variable interests that require the Company or its subsidiaries to provide financial support to the VIEs. However, if the VIEs ever need financial support, the Company or its subsidiaries may, at its option and subject to statutory limits and restrictions, provide financial support to its VIEs through loans to the shareholder of the VIEs or entrustment loans to the VIEs. Relevant PRC laws and regulations restrict the VIEs from transferring a portion of their net assets, equivalent to the balance of its statutory reserve and its share capital, to the Group in the form of loans and advances or cash dividends. Please refer to Note 17 for disclosure of restricted net assets. |
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| Consolidation Policy Upon Adoption of ASU No. 2015-02 and 2016-17 | (c) Consolidation policy Upon Adoption of ASU No. 2015-02 and 2016-17 In February 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-02, “Amendments to the Consolidation Analysis”. The guidance amends the current consolidation guidance and ends the deferral granted to investment companies from applying the VIE guidance. The revised consolidation guidance, among other things, (i) modifies the evaluation of whether limited partnerships and similar legal entities are VIEs, (ii) eliminated the presumption that a general partner should consolidate a limited partnership, and (iii) modifies the consolidation analysis of reporting entities that are involved with VIEs through fee arrangements and related party relationships.
Under ASU 2015-02, the service fees the Group earns, including carried interest earned in the capacity of general partner or fund manager, are commensurate with the level of effort required to provide such services and are at arm’s length and therefore are not deemed as variable interests. In October 2016, the FASB issued ASU 2016-17, Consolidation (Topic 810): Interests Held through Related Parties under Common Control (“ASU 2016-17”). The Group has adopted this new guidance and has applied the guidance retrospectively beginning with the annual period in which the amendments in ASU 2015-02 were adopted in 2015. This guidance in ASU 2016-17 states that reporting entities deciding whether they are primary beneficiaries no longer have to consider indirect interests held through related parties that are under common control to be the equivalent of direct interests in their entirety. Reporting entities would include those indirect interests on a proportionate basis. In evaluating whether the investment funds in the legal form of limited partnership the Group managed as general partner are VIEs or not, the Group firstly assessed whether a simple majority or lower threshold of limited partnership interests, excluding interests held by the general partner, parties under common control of the general partner, or parties acting on behalf of the general partner, have substantive kick-out rights or participating rights. If such rights exist, the limited partnership is not deemed as a VIE and no further analysis will be performed. If it’s assessed to be a VIE, the Group further assesses whether there is any interest it has constitutes a variable interest. Before 2015, all limited partnerships the Group managed as general partner have substantive kick-out rights exercisable by a simple-majority of non-related limited partners and therefore are not deemed as VIEs. Since 2015, not all the newly formed limited partnerships the Group manages as general partners have substantive kick-out rights exercisable by a simple-majority of non-related limited partners and therefore constitute VIEs. As a result, such limited partnerships are deemed as VIEs not consolidated by the Group due to the fact that the general partner interest to absorb losses or receive benefits is not potentially significant to the VIEs. In 2017, the Group invested in an investment fund which it served as general partner and subscribed 29% of equity interest with the intention of transferring the equity interest to other parties in the future. As the Group is deemed to have a controlling financial interest in the investment fund as of December 31, 2017, the Group consolidated the investment fund as a primary beneficiary. In April 2018, more third party investors subscribed equity interest of this fund, as a result, the Group’s subscription percentage has been decreased to 6.15%. Therefore the Group did not consolidate this investment fund since April 2018 considering the Group no longer has a controlling financial interest. In 2018, the Group invested in another two investment funds which it both served as general partner and subscribed 23% and 48%, respectively, with same intention. As the Group is deemed to have a controlling financial interest in both investment funds as of December 31, 2018, the Group consolidated these investment funds as a primary beneficiary. The related financial impact of these investments have been disclosed as below.
The Group started to manage the contractual funds which it manages as fund manager and earns management fee and/or carried interest from second half of 2014. The contractual funds are VIEs as the fund investors do not have substantive kick-out rights or participating rights. The Group from time to time invested in the contractual funds it manages for investment income. Such investments constitute variable interests to the contractual funds which are believed to be VIEs. The Group performed a quantitative analysis to determine if its interest could absorb losses or receive benefits that could potentially be significant to the VIEs and concluded it’s not the primary beneficiary.
As of December 31, 2017 and 2018, the Group had some variable interests in various investment funds and contractual funds that are VIEs but determined that it was not the primary beneficiary and, therefore, was not consolidating the VIEs. The maximum potential financial statement loss the Group could incur if the investment funds and contractual funds were to default on all of their obligations is (i) the loss of value of the interests in such investments that the Group holds, including equity investments recorded in investment in affiliates as well as debt securities investments recorded in short-term investments and long-term investments in the consolidated balance sheet, and (ii) any management fee and/or carried interest receivables recorded in amounts due from related parties. The following table summarizes the Group’s maximum exposure to loss associated with identified nonconsolidated VIEs in which it holds variable interests as of December 31, 2017 and 2018, respectively.
The Group has not provided financial support to these nonconsolidated VIEs during the years ended December 31, 2017 and 2018, and had no liabilities, contingent liabilities, or guarantees (implicit or explicit) related to these nonconsolidated VIEs as of December 31, 2017 and 2018. |
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| Use of Estimates | (d) Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ materially from such estimates. Significant accounting estimates reflected in the Group’s consolidated financial statements include assumptions used to determine valuation allowance for deferred tax assets, allowance for accounts receivable, allowance for loan losses, fair value measurement of underlying investment portfolios of the funds that the Group invests, fair value of equity investments, assumptions related to the consolidation of entities in which the Group holds variable interests, assumptions related to the valuation of share-based compensation, assumption related to valuation of investments. |
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| Concentration of Credit Risk | (e) Concentration of Credit Risk The Group is subject to potential significant concentrations of credit risk consisting principally of cash and cash equivalents, accounts receivable, amounts due from related parties, loan receivables and investments. All of the Group’s cash and cash equivalents and a majority of investments are held at financial institutions, Group’s management believes, to be high credit quality. In addition, the Group’s investment policy limits its exposure to concentrations of credit risk. Substantially all revenues were generated within China. There were no financial product providers which accounted for 10% or more of total revenues for the years ended December 31, 2016, 2017, and 2018. Credit of lending business is controlled by the application of credit approvals, limits and monitoring procedures. To minimize credit risk, the Group requires collateral in form of right to securities. The Group identifies credit risk on a customer by customer basis. The information is monitored regularly by management. |
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| Investments in Affiliates | (f) Investments in Affiliates Affiliated companies are entities over which the Group has significant influence, but which it does not control. The Group generally considers an ownership interest of 20% or higher to represent significant influence. Investments in affiliates are accounted for by the equity method of accounting. Under this method, the Group’s share of the post-acquisition profits or losses of affiliated companies is recognized in the statements of operations and its shares of post-acquisition movements in other comprehensive income are recognized in other comprehensive income. Unrealized gains on transactions between the Group and its affiliated companies are eliminated to the extent of the Group’s interest in the affiliated companies; unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. When the Group’s share of losses in an affiliated company equals or exceeds its interest in the affiliated company, the Group does not recognize further losses, unless the Group has incurred obligations or made payments on behalf of the affiliated company. An impairment loss is recorded when there has been a loss in value of the investment that is other than temporary. The Group has not recorded any impairment losses in any of the periods reported.
The Group also considers it has significant influence over the funds that it serves as general partner or fund manager. For funds that the Group is not deemed the primary beneficiary of these funds, the equity method of accounting is accordingly used for investments by the Group in these funds. In addition, the investee funds meet the definition of an Investment Company and are required to report their investment assets at fair value. The Group records its equity pick-up based on its percentage ownership of the investee funds’ operating result. |
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| Fair Value of Financial Instruments | (g) Fair Value of Financial Instruments The Group records certain of its financial assets and liabilities at fair value on a recurring basis. Fair value reflects the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. The Group applies a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy is as follows: Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. |
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| Cash and Cash Equivalents | (h) Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and demand deposits, which are unrestricted as to withdrawal and use, and which have original maturities of three months or less when purchased. As of December 31, 2017 and 2018, cash and cash equivalents of RMB11,641 and RMB32,223, respectively, was held by the consolidated fund (see note 2(c)). Cash and cash equivalents held by the consolidated fund represents cash that, although not legally restricted, is not available to general liquidity needs of the Group as the use of such funds is generally limited to the investment activities of the consolidated fund. |
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| Restricted Cash | (i) Restricted Cash The Group’s restricted cash primarily represents cash deposits required by China Insurance Regulatory Commission for entities engaging in insurance agency or brokering activities in China. Such cash cannot be withdrawn without the written approval of the China Insurance Regulatory Commission. |
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| Investments | (j) Investments The Group invests in debt securities and equity securities and accounts for the investments based on the nature of the products invested, and the Group’s intent and ability to hold the investments to maturity.
The Group’s investments in debt securities include marketable bond fund securities, trust products, asset management plans, contractual funds and real estate funds those have a stated maturity and normally pay a prospective fixed rate of return and secondary market equity fund products, the underlying assets of which are portfolios of equity investments in listed enterprises. The Group classifies the investments in debt securities asheld-to-maturity when it has both the positive intent and ability to hold them until maturity. Held-to-maturity investments are recorded at amortized cost and are classified as long-term or short-term according to their contractual maturity. Long-term investments are reclassified as short-term when their contractual maturity date is less than one year. Investments that are bought and held principally for the purpose of selling them in the near term are classified as trading securities and are reported at fair value with changes in fair value recognized in earnings. Investments that do not meet the criteria of held-to-maturity or trading securities are classified as available-for-sale, and are reported at fair value with changes in fair value deferred in other comprehensive income. On January 1, 2018, the Group adopted ASU 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. According to the guidance, the Group started to record equity investments at fair value, with gains and losses recorded through net earnings. And the Group elected to measure certain equity investments without readily determinable fair value at cost, less impairments, plus or minus observable price changes and assess for impairment quarterly. The accounting standard also includes a transition requirement on presentation that requires the amounts reported in accumulated other comprehensive income for equity securities that exist as of the date of adoption previously classified as available-for-sale to be reclassified to retained earnings. As a result, upon adoption of this new standard, Noah recorded a cumulative effect adjustment from other comprehensive income to retained earnings of RMB251.6 million (US$38.7 million), net of tax, for the unrealized gains related to equity securities previously classified as available-for-salesecurities. This adjustment had no overall impact on shareholders’ equity; however, since these net unrealized gains are now included within retained earnings, they will not appear as realized gains on Noah’s consolidated income statement when sold. The Group reviews its investments in debt except for those classified as trading securities for other-than-temporary impairment based on the specific identification method and considers available quantitative and qualitative evidence in evaluating potential impairment. If the cost of an investment exceeds the investment’s fair value, the Group considers, among other factors, general market conditions, government economic plans, the duration and the extent to which the fair value of the investment is less than cost and the Group’s intent and ability to hold the investment to determine whether an other-than-temporary impairment has occurred. The Group recognizes other-than-temporary impairment in earnings if it has the intent to sell the debt security or if it is more-likely-than-not that it will be required to sell the debt security before recovery of its amortized cost basis. Additionally, the Group evaluates expected cash flows to be received and determines if credit-related losses on debt securities exist, which are considered to be other-than-temporary, should be recognized in earnings. If the investment’s fair value is less than the cost of an investment and the Group determines the impairment to be other-than-temporary, the Group recognizes an impairment loss based on the fair value of the investment. The Group has not recorded any other-than-temporary impairment during the periods presented. |
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| Non-controlling Interests | (k) Non-controlling interests A non-controlling interest in a subsidiary of the Group represents the portion of the equity (net assets) in the subsidiary not directly or indirectly attributable to the Group. Non-controlling interests are presented as a separate component of equity in the consolidated balance sheet and earnings and other comprehensive income are attributed to controlling and non-controlling interests. The non-controlling interest was RMB78,486 and RMB337,677, respectively as of December 31, 2017 and 2018. The net loss attributable to non-controlling interest was RMB40,602, RMB13,745 and RMB7,551, respectively for the year ended December 31, 2016, 2017 and 2018.
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:
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| Property and Equipment, Net | (l) Property and Equipment, net Property and equipment is stated at cost less accumulated depreciation, and is depreciated using the straight-line method over the following estimated useful lives:
Gains and losses from the disposal of property and equipment are included in income from operations. |
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| Revenue Recognition | (m) Revenue Recognition On January 1, 2018, the Group adopted ASC 606, Revenue from Contracts with Customers using the modified retrospective method for all contracts not completed as of the date of adoption. Accordingly, revenue for the year ended December 31, 2018 was presented under ASC 606, while comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Those types of revenues are accounted for as contracts with customers. Under the guidance of ASC 606, the Group is required to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract and (e) recognize revenue when (or as) the Group satisfies its performance obligation. In determining the transaction price, the Group has included variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur. Revenues are recorded, net of sales related taxes and surcharges. The adoption of ASC 606 did not significantly change (i) the timing and pattern of revenue recognition for all of the Group’s revenue streams, and (ii) the presentation of revenue as gross versus net. Therefore, the adoption of ASC 606 did not have a significant impact on the Group’s financial position, results of operations, equity or cash flows as of the adoption date and for the year ended December 31, 2018. The following table summarizes the Group’s main revenues streams from contracts with its customers:
Disaggregation of revenue The Group derives revenue primarily from one-time commissions, recurring service fees and performance-based income paid by clients or financial product providers. The following table shows, by segment, revenue from contracts with customers disaggregated by geographical region and service lines for the year ended December 31, 2018:
One-time commissions The Group earns one-time commissions from fund raising services provided to clients or financial product providers. The Group enters into one-time commission agreements with clients or financial product providers which specifies the key terms and conditions of the arrangement. One-time commissions are separately negotiated for each transaction and generally do not include rights of return, credits or discounts, rebates, price protection or other similar privileges, and typically paid on or shortly after the transaction is completed. Upon establishment of a financial product, the Group earns a one-time commission from clients or financial product providers, calculated as a percentage of the financial products purchased by its clients. The Group defines the “establishment of a financial product” for its revenue recognition purpose as the time when both of the following two criteria are met: (1) the investor referred by the Group has entered into a purchase or subscription contract with the relevant product provider and, if required, the investor has transferred a deposit to an escrow account designated by the product provider and (2) the product provider has issued a formal notice to confirm the establishment of a financial product. After the contract is established, there are no significant judgments made when determining the one-time commission price. Therefore one-time commissions is recorded at point of time when the financial product is established. For certain contracts that require a portion of the payment be deferred until the end of the financial products’ life or other specified contingency, the Group evaluates each variable consideration and recognizes revenue only when the Group concludes that it is probable that changes in its estimate of such consideration will not result in significant reversals of revenue in subsequent periods.
The Group also earns one-time commissions from insurance companies by referring clients to purchase the insurance products from them, and recognizes revenues when the underlying insurance contracts become effective. Recurring service fees The Group also provides investment management services to investment funds and other vehicles in exchange for a recurring service fees. Recurring service fees are determined based on the types of financial products the Group distributes and/or manages and are calculated as either (i) a percentage of the total capital commitments of investments made by the investors or (ii) as a percentage of the fair value of the total investment in the financial products, calculated daily. These customer contracts require the Group to provide investment management services, which represents a performance obligation that the Group satisfies over time. After the contract is established, there are no significant judgments made when determining the transaction price. As the Group provides these services throughout the contract term, for either method of calculating recurring service fees, revenue is calculated on a daily basis over the contract term. Recurring service agreements do not include rights of return, credits or discounts, rebates, price protection or other similar privileges. Payment of recurring service fees are normally on a regular basis (typically quarterly or annually) and are not subject to clawback once determined. Performance-based income In a typical arrangement in which the Group serves as fund manager, and in some cases in which the Group serves as distributor, the Group is entitled to a performance-based fee based on the extent by which the fund’s investment performance exceeds a certain threshold based on the contract term. Such performance-based fees earned based on the performance of the underlying fund are a form of variable consideration in its contracts with customers to provide investment management services. Those performance-based income is typically calculated and distributed when the cumulative return of the fund can be determined. Performance-based income will not be recognized as revenue until (a) it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur, or (b) the uncertainty associated with the variable consideration is subsequently resolved. At each reporting date, the Group updates its estimate of the transaction price and concludes that it cannot include its estimate of performance-based income in the transaction price because performance-based income has various possible consideration amounts and the experience that the Group has with similar contracts is of little predictive value in determining the future performance of the funds, thus the Group cannot conclude that it is probable that a significant reversal in the cumulative amount of revenue recognized would not occur. Other service fees Other service fees constitutes around 10% of total revenue of the Group. The Group mainly derived other service fees from lending services, investor education services and other services. Revenue from lending services represents interest income from loan origination services, and is recognized monthly in accordance with their contractual terms and recorded as part of other service fees in the consolidated statement of operations. The Group does not charge prepayment penalties from its customers. The Group also provides investor education services, offering various types of training programs to high net worth individuals and their families. Such programs normally last several days. The service fees charged to the attendees are not refundable. The revenues are recognized at point of time when the service is completed considering the course lasts only for a few days. Transaction price allocation For certain contracts that the Group provides both fund raising and investment management services involving two separate performance obligations which belong to two major stream (i.e., one time and recurring services), the Group needs to allocate transaction price between these two performance obligations at the relative stand-alone selling price (“SSP”). Judgment is required to determine the SSP for each distinct performance obligation. As the service fee rate for each service contained in the contract is typically negotiated separately, the Group determines that those fee rates are generally consistent with SSP, and can be deemed as the transaction price allocated to each performance obligation.
Accounts receivable Timing of revenue recognition may differ from the timing of invoicing to customers. Amounts due from related partied (receivables from funds that Gopher manages) and accounts receivable represent amounts invoiced, and revenue recognized prior to invoicing when the Group has satisfied its performance obligations and has the unconditional right to consideration. As the Group is entitled to unconditional right to consideration in exchange for services when the Group transferred to customers, the Group therefore does not recognize any contract asset. The Group evaluates allowance for collectability of accounts receivable case by case based on the historical experience and the credit risk of each product provider or investment fund. The Group evaluates and adjusts its allowance for uncollectible accounts receivable on a quarterly basis or more often as necessary. No allowance was provided for the balances of accounts receivable as of December 31, 2017 and 2018. And the balances of accounts receivable as of December 31, 2017 and 2018 were substantially within one year. Contract liability Contract liability (deferred revenue) relates to unsatisfied performance obligations at the end of each reporting period and consists of cash payment received in advance for recurring service fees, from customers of investment management services. Due to the prepayment was normally paid on a quarterly basis, the majority of the performance obligations are satisfied within one year. The amount of revenue recognized in 2018 that was included in deferred revenue balance at the beginning of the year was RMB177.4 million. Practical expedients The Group has used the following practical expedients as allowed under ASC 606: The Group expenses sales commissions as incurred when the amortization period is one year or less. Sales commission expenses are recorded within “Relationship manager compensation” in the consolidated statements of operations. The Group assessed and concluded that there is no significant financing component given that the period between performance and payment is generally one year or less. The Group has also applied the practical expedient for certain revenue streams to exclude the value of remaining performance obligations for (i) contracts with an original expected term of one year or less or (ii) contracts for which the Group recognizes revenue in proportion to the amount the Group has the right to invoice for services performed. The remaining performance obligations relate to the investment management services to be provided to the investment funds. |
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| Business Tax and Related Surcharges | (n) Business Tax and Related Surcharges The Group is subject to business tax, education surtax, and urban maintenance and construction tax, on the services provided in the PRC. Business tax and related surcharges are primarily levied based on revenues concurrent with a specific revenue-producing transaction at combined rates ranging from 5.35% to 5.65%. They can be presented either on a gross basis (included in revenues and costs) or on a net basis (excluded from revenue) at the Group’s accounting policy decision under U.S. GAAP. The Group has elected to report such business tax and related surcharges on a net basis as a reduction of revenues. Business tax is no longer applicable to the Group from May 1, 2016 according to Circular 36 and the applicable Value-added Tax (“VAT”) rates include 3%, 6%, 11%, and 17%. Besides, the rate for our PRC subsidiaries and our variable interest entities is mainly 6%. From May 1, 2018, the tax rate of 11% and 17% declined to 10% and 16%. Further according to Circular 39, this two applicable VAT rates further reduced to 9% and 13% respectively from April 1, 2019. The deduction of such rates will lead to less VAT input that the Group can utilize which will increase VAT liability and related surcharges accordingly. At the same time, Circular 39 also expands the range for VAT input deduction by adding the domestic transport services. With the passenger’s identification information on the paper tickets or e-tickets, the applicable deduction rate for airline and railway tickets is 9% of ticket value, and 3% for the waterway and highway tickets. The Group expects to enjoy this tax policy by utilizing more VAT input. |
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| Compensation and Benefits | (o) Compensation and benefits Compensation and benefits mainly include salaries and commissions for relationship managers, share-based compensation expenses, bonus related to performance based income, and salaries and bonuses for middle office and back office employees. |
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| Income Taxes | (p) Income Taxes Current income taxes are provided for in accordance with the relevant statutory tax laws and regulations. The Group accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Group recognizes net deferred tax assets to the extent that it believes these assets are more likely than not to be realized. In making such a determination, it considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Group determines that its deferred tax assets are realizable in the future in excess of their net recorded amount, the Group would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Group records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) the Group determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Group recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. The liability associated with unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in the period in which they are identified. The effective tax rate for the Group includes the net impact of changes in the liability for unrecognized tax benefits and subsequent adjustments as considered appropriate by management. The Group recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying Consolidated Statement of Operations. Accrued interest and penalties are included within the related tax liability line in the Consolidated Balance Sheet. In 2017, the Group adopted ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which requires deferred income tax liabilities and assets to be classified as non-current on the balance sheet rather than being separated into current and noncurrent. |
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| Share-Based Compensation | (q) Share-Based Compensation The Group recognizes share-based compensation based on the fair value of equity awards on the date of the grant, with compensation expense recognized using a straight-line vesting method over the requisite service periods of the awards, which is generally the vesting period. The Group estimates the fair value of share options granted using the Black-Scholes option pricing model. The expected term represents the period that share-based awards are expected to be outstanding, giving consideration to the contractual terms of the share-based awards, vesting schedules and expectations of future employee exercise behavior. The computation of expected volatility is based on the fluctuation of the historical share price. Amortization of share-based compensation is presented in the same line item in the consolidated statements of operations as the cash compensation of those employees receiving the award. The Group treated a modification of the terms or conditions of an equity award as an exchange of the original award for a new award. The incremental compensation cost as an effect of a modification is measured as the excess, if any, of the fair value of the modified award over the fair value of the original award immediately before its terms are modified, measured based on the share price and other pertinent factors at that date. Total recognized compensation cost for an equity award shall at least equal the fair value of the award at the grant date unless at the date of the modification the performance or service conditions of the original award are not expected to be satisfied. Thus, the total compensation cost measured at the date of a modification shall be the sum of the portion of the grant-date fair value of the original award for which the requisite service is expected to be rendered (or has already been rendered) at that date, and the incremental cost resulting from the modification. The Group records the incremental fair value of the modified award, as compensation cost on the date of modification for vested awards, or over the remaining service period for unvested awards. |
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| Government Subsidies | (r) Government Subsidies Government subsidies include cash subsidies received by the Group’s entities in the PRC from local governments as incentives for investing in certain local districts, and are typically granted based on the amount of investment made by the Group in form of registered capital or taxable income generated by the Group in these local districts. Such subsidies allow the Group full discretion in utilizing the funds and are used by the Group for general corporate purposes. The local governments have final discretion as to whether the Group has met all criteria to be entitled to the subsidies. The Group does not in all instances receive written confirmation from local governments indicating the approval of the cash subsidy before cash is received. Cash subsidies are RMB162,365, RMB74,156 and RMB62,583 for the years ended December 31, 2016, 2017 and 2018, respectively. Cash subsidies are recognized when received and when all the conditions for their receipt have been satisfied. |
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| Net Income per Share | (s) Net Income per Share Basic net income per share is computed by dividing net income attributable to ordinary shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised into ordinary shares. Common share equivalents are excluded from the computation of the diluted net income per share in years when their effect would be anti-dilutive. Diluted net income per share is computed by giving effect to all potential dilutive shares, including non-vested restricted shares and share options. |
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| Operating Leases | (t) Operating Leases Leases where substantially all the rewards and risks of ownership of assets remain with the leasing company are accounted for as operating leases. Certain of the Group’s facility leases provide for a free rent period. Payments made under operating leases are charged to the consolidated statements of operations on a straight-line basis over the lease period. |
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| Foreign Currency Translation and Change in Reporting Currency | (u) Foreign Currency Translation and change in reporting currency The Company’s reporting currency is Renminbi (“RMB”). The Company’s functional currency is the United States dollar (“U.S. dollar or US$”). The Company’s operations are principally conducted through the subsidiaries and VIEs located in the PRC where the local currency is the functional currency. For those subsidiaries and VIEs which are not located in the PRC and have the functional currency other than RMB, the financial statements are translated from their respective functional currencies into RMB. Assets and liabilities of the Group’s overseas entities denominated in currencies other than the RMB are translated into RMB at the rates of exchange ruling at the balance sheet date. Equity accounts are translated at historical exchange rates and revenues, expenses, gains and losses are translated using the average rate for the year. Translation adjustments are reported as foreign currency translation adjustment and are shown as a separate component of other comprehensive income in the consolidated statements of comprehensive income. Translations of amounts from RMB into US$ are solely for the convenience of the reader and were calculated at the rate of US$1.00 = RMB6.8755 on December 31, 2018, representing the certificated exchange rate published by the Federal Reserve Board. No representation is intended to imply that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2018, or at any other rate.
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| Comprehensive Income | (v) Comprehensive Income Comprehensive income includes all changes in equity except those resulting from investments by owners and distributions to owners. For the years presented, total comprehensive income included net income, change in fair value of available-for-sale investments and foreign currency translation adjustments. |
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| Loan Receivables, Net | (w) Loan receivables, net Loan receivables represent loans offered to the clients in the lending business. Loan receivables are initially recognized at fair value which is the cash disbursed to originate loans, measured subsequently at amortized cost using the effective interest method, net of allowance that reflects the Group’s best estimate of the amounts that will not be collected. The Group also transfers some of the loan receivables to unrelated third parties. The Group accounts for the transfer of loan receivables in accordance with ASC 860, Transfers and Servicing. Please refer to note 2(y) for the Group’s accounting policy for sale accounting. |
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| Allowance for Loan Losses | (x) Allowance for loan losses The allowance for loan losses is maintained at a level believed to be reasonable by management to absorb probable losses inherent in the portfolio as of each balance sheet date. Net changes in the allowance for loan losses are recorded as part of other operating expenses in the consolidated statement of operations. The allowance is based on factors such as the size and current risk characteristics of the individual loans and actual loss, delinquency, and/or risk rating experience of the loans. Generally the period of the loans last for no more than 1 year, and are considered to be a homogenous population of similar credit quality. In addition, the Group also considers the loan allowance benchmarks periodically published by regulators for financial institutions in the PRC for loans with similar risks as a proxy for macroeconomic conditions that could have an impact on the performance of loans prospectively. Specific reserves are provided when and to the extent a credit event occurs with respect to an individual loan. The allowance for loan losses is increased by charges to income and decreased by charge-offs (net of recoveries). Loans are charged off when they are delinquent for more than 120 days. The Group evaluates its allowances for loan losses on a quarterly basis or more often as deemed necessary. The Group has followed the same methodology for estimating the loan losses since inception. The provision rate for loans outstanding as of December 31, 2017 and 2018 were 0.42% and 0.42%, respectively. The Group performed a “back test” of the allowance for loan losses estimate by comparing the actual loan losses in 2018 to the estimated loan losses as of December 31, 2017. No significant difference was identified. In case significant variance is identified through the back test, the estimate methodology will be modified to reflect expected loan losses. |
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| Sale Accounting | (y) Sale accounting The Group developed a new business model in 2016 through one of its subsidiaries, whereby the Group issues loans to unrelated third parties which are collateralized by trade receivables resulting from normal business transactions between the original creditor and their debtors. Legally, the Group has acquired the underlying trade receivables. However, given the nature of the recourse retained by the original creditor, the purchase of trade receivables does not meet the criteria in ASC 860, and is therefore accounted for as a secured lending arrangement. Upon origination, the loans are immediately transferred to individual investors on the Group’s other financial service platform. The Group accounts for the transfer of the loans in accordance with ASC 860. Such business through the Group’s online platform was terminated from the third quarter of 2017. Transfers that do not qualify for sale accounting in accordance with ASC 860 are accounted for as secured borrowings with the proceeds received from the individual investors as “loan payables from the factoring business” on the consolidated balance sheets, and the advancements to the original holders of the accounts receivables as “loan receivables from the factoring business” on the consolidated balance sheets. The cash flows related to purchases and collections of the loan receivables from the factoring business are included within the cash flows from investing activities category, and the proceeds and payments related to the transfer of the rights to the loan receivables from the factoring business are included within the cash flows from financing activities in the consolidated statement of cash flows. For transfers that qualify for sale accounting in accordance with ASC 860, cash receipts and cash payments resulting from their acquisition and sale are classified as operating cash flows. As the loans are sold at par value, no gain or loss is recorded as a result. The Group’s continuing involvement subsequent to the transfer is limited to the services performed as a collection agent to collect and disburse cash flows received from the underlying receivables to the individual investors, and does not provide guarantee on the return of the receivables. The Group has no retained interests, servicing assets, or servicing liabilities related to the loans sold. In 2017, the Group extended such business model to receivables from other business. The transfers of receivables from other business also qualify for sale accounting in accordance with ASC 860. As a result, the Group adopted the same accounting policy as described in the preceding paragraph. |
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| Accounting Standards Issued but not Yet Implemented | (z) Accounting Standards Issued But Not Yet Implemented In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which requires lessees to recognize most leases on the balance sheet. This ASU requires lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of twelve months or less. The ASU does not significantly change the lessees’ recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. Lessors’ accounting under the ASC is largely unchanged from the previous accounting standard. In addition, the ASU expands the disclosure requirements of lease arrangements. Lessees and lessors will use a modified retrospective transition approach, which includes a number of practical expedients. The provisions of this guidance are effective for annual periods beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. ASU 2018-11, “Leases (Topic 842); Targeted Improvements”, issued in July 2018, provides a transition election to not restate comparative periods for the effects of applying the new standard. This transition election permits entities to change the date of initial application to the beginning of the year of adoption and to recognize the effects of applying the new standard as a cumulative-effect adjustment to the opening balance of retained earnings. The Group is in the process of evaluating the impact of adoption of this guidance on the Group’s consolidated financial statements, and expects to use modified retrospective transition method provided by ASU 2018-11 on January 1, 2019. On adoption of the new standard, the Group expects to recognize a right of use asset and lease liability of around RMB 280 million for all of the Group’s long-term leases, which will have a material impact on the consolidated balance sheet. The conclusions are preliminary and subject to change as the Group finalize the evaluation. In June 2016, the FASB issued ASU 2016-13, Credit Losses, Measurement of Credit Losses on Financial Instruments. This ASU significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard will replace today’s incurred loss approach with an expected loss model for instruments measured at amortized cost. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. This ASU is effective for public entities for annual and interim periods beginning after December 15, 2019. Early adoption is permitted for all entities for annual periods beginning after December 15, 2018, and interim periods therein. The Group is in the process of evaluating the impact on its consolidated financial statements upon adoption. In August 2018, the FASB issued ASU 2018-13. The amendments in ASU 2018-13 eliminate the requirements to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, valuation processes for Level 3 fair value measurements, and policy for timing of transfers between levels. ASU 2018-13 also provides clarification in the measurement uncertainty disclosure by explaining that the disclosure is to communicate information about the uncertainty in measurement as of the reporting date. In addition, ASU 2018-13 added the following requirements: changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and range and weighted average of significant unobservable inputs used in Level 3 fair value measurements. Finally, ASU 2018-13 updated language to further encourage entities to apply materiality when considering de minimus for disclosure requirements. The guidance will be applied retrospectively for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with the exception of amendments to changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used for Level 3 fair value measurements, and the narrative description of measurement uncertainty which will be applied prospectively. Early adoption is permitted. The Group is in the process of evaluating the impact on its consolidated financial statements upon adoption. |
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- Definition Adoption of ASU Consolidation. No definition available.
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- Definition Business Tax, Policy No definition available.
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- Definition Government subsidies No definition available.
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- Definition Noncontrolling Interests, Policy No definition available.
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- References No definition available.
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- Definition Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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- Definition Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for salaries, bonuses, incentive awards, postretirement and postemployment benefits granted to employees, including equity-based arrangements; discloses methodologies for measurement, and the bases for recognizing related assets and liabilities and recognizing and reporting compensation expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for comprehensive income. No definition available.
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- Definition Disclosure of accounting policy for credit risk. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for equity method of accounting for investments and other interests. Investment includes, but is not limited to, unconsolidated subsidiary, corporate joint venture, noncontrolling interest in real estate venture, limited partnership, and limited liability company. Information includes, but is not limited to, ownership percentage, reason equity method is or is not considered appropriate, and accounting policy election for distribution received. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for finance, loan and lease receivables, including those held for investment and those held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the allowance for loan and lease losses is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition (revenues, expenses and gains and losses arising from committing to issue, issuing, granting, collecting, terminating, modifying and holding loans) policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for leasing arrangement entered into by lessee. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Disclosure of accounting policy for estimating the allowance for losses on loans and lease receivables. The disclosure may include (a) how the entity determines each element of the allowance, (b) which loans are evaluated individually and which loans are evaluated as a group, (c) how the entity determines both the allocated and unallocated portions of the allowance, (d) how the entity determines the loss factors applied to graded loans in order to develop a general allowance, and (e) what self-correcting mechanism the entity uses to reduce differences between estimated and actual losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Organization and Principal Activities (Tables) |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Subsidiaries | The Company’s significant subsidiaries as of December 31, 2018 include the following:
Noah Investment’s significant subsidiaries as of December 31, 2018 include the following:
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- References No definition available.
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- Definition Tabular disclosure of the key aspects of a subsidiary (partnership, corporation, or other entity) of the limited liability company or limited partnership. No definition available.
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Summary of Principal Accounting Policies (Tables) |
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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.
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| Schedule of Financial Impact of Investment | The related financial impact of these investments have been disclosed as below.
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| Summary of Maximum Exposure to Loss Associated with Identified Nonconsolidated VIEs | The following table summarizes the Group’s maximum exposure to loss associated with identified nonconsolidated VIEs in which it holds variable interests as of December 31, 2017 and 2018, respectively.
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| 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:
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| 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:
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| Schedule of Disaggregation of Revenue | The following table shows, by segment, revenue from contracts with customers disaggregated by geographical region and service lines for the year ended December 31, 2018:
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| X | ||||||||||
- Definition Carrying Amount and Maximum Exposure to Loss for Equity Method Investments [Table Text Block] No definition available.
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| X | ||||||||||
- Definition Investments in Variable Interest Entities [Table Text Block] No definition available.
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| X | ||||||||||
- Definition Schedule Of Property Plant And Equipment Estimated Useful Lives No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Net Income per Share (Tables) |
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Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Computation of Basic and Diluted Net Income per Share Attributable to Ordinary Shareholders | The following table sets forth the computation of basic and diluted net income per share attributable to ordinary shareholders:
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| Antidilutive Securities Excluded from Computation of Earning per Share | Diluted net income per share does not include the following instruments as their inclusion would be antidilutive:
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- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Other Current Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Components of Other Current Assets |
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- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the carrying amounts of other current assets. No definition available.
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Investments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments Schedule [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment | The following table summarizes the Group’s investment balances:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Fair Value Measurement (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements of Company's Assets and Liabilities that Measured at Fair Value on A Recurring Basis | As of December 31, 2017 and December 31, 2018, information about inputs into the fair value measurements of the Group’s assets and liabilities that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:
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| Fair Value Measurements of Long-term Financial Instruments | As of December 31, 2017 and 2018, information about
inputs into the fair value measurements of the Group’s
long-term financial instruments that are not reported at fair value
on balance sheet is as following:
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| X | ||||||||||
- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Investment in Affiliates (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in and Advances to Affiliates [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in and Advances to Affiliates | The following table summarizes the Group’s balances of investment in affiliates:
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| Summarized Financial Information | The following table shows summarized financial information relating to the statements of financial condition for the Group’s equity method investments assuming 100% ownership as of December 31, 2017 and 2018:
The following table shows summarized financial information relating to the statements of operations for the Group’s equity method investments assuming 100% ownership for the years ended December 31, 2016, 2017 and 2018:
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| X | ||||||||||
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of investments in and advances to affiliates. Does not include the tabular disclosure of the disaggregation of investments in and advances to affiliates across legal entities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Property and Equipment, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment, Net | Property and equipment, net consists of the following:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Other Current Liabilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Liabilities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Current Liabilities | Components of other current liabilities are as follows:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the components of accrued liabilities. No definition available.
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Income Taxes (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Expense (Benefit) | The tax expense (benefit) comprises:
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| Reconciliation Between Statutory Tax Rate to Income Before Income Taxes and Actual Provision for Income Taxes | Reconciliation between the statutory tax rate to income before income taxes and the actual provision for income taxes is as follows:
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| Aggregate Amount and Per Share Effect of the Tax Holiday | The aggregate amount and per share effect of the Tax Holiday (including effect of timing difference reversed in the year with different rate) are as follows:
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| Principal Components of Deferred Income Tax Asset and Liabilities | The principal components of the deferred income tax asset and liabilities are as follows:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Loans Receivable, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans Receivable, Net | Loans receivable as of December 31, 2017 and 2018 consist of the following:
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| Activity in Allowance for Loan Losses | The following table presents the activity in the allowance for loan losses as of and for the years ended December 31, 2017 and 2018.
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| X | ||||||||||
- Definition Allowance For Loan Losses Roll forward [Table Text Block] No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Redeemable Non-controlling Interest of a Subsidiary (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noncontrolling Interest [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Redeemable Noncontrolling Interest |
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. No definition available.
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Share-Based Compensation (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share Based Compensation Expense by Type of Award | The following table presents the Company’s share-based compensation expense by type of award:
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| Black Scholes Pricing Model Assumptions used to Estimate Fair Value of Options Granted | The Group uses the Black-Scholes pricing model and the following assumptions to estimate the fair value of the options granted or modified:
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| Summary of Stock Option Activity | The following table summarizes option activity during the year ended December 31, 2018:
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| Summary of Non Vested Restricted Share Activity | A summary of non-vested restricted share activity during the year ended December 31, 2018 is presented below:
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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Segment Information (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Information | Segment information of the Group’s business is as follow:
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| Revenue from External Customers by Geographic Areas | The following table summarizes the Group’s revenues generated by the different geographic location.
Substantially all of the Group’s revenues are derived from, and its assets are located in the mainland of China and Hong Kong. |
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| X | ||||||||||
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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Related Party Transactions (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions | During the years ended December 31, 2016, 2017 and 2018, related party transactions were as follows:
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| Amounts Due from Related Parties | As of December 31, 2017 and 2018, amounts due from related parties associated with the above transactions were comprised of the following:
As of December 31, 2017 and 2018, amounts due from related parties associated with loan distributed were comprised of the following:
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| Deferred Revenues Related to Recurring Management Fee Received in Advance from Related Parties | As of December 31, 2017 and 2018, deferred revenues related to the recurring management fee received in advance from related parties were comprised of the following:
|
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- Definition Due From Related Parties No definition available.
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- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. No definition available.
|
Commitments and Contingencies (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Future Minimum Lease Payments Under Non Cancelable Operating Lease Agreements | Future minimum lease payments under non-cancelable operating lease agreements as of December 31, 2018 were as follows:
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Summary of Subsidiaries (Detail) |
12 Months Ended |
|---|---|
Dec. 31, 2018 | |
| Noah Upright Fund Distribution Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Nov. 18, 2003 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Shanghai Noah Investment (Group) Co., Ltd | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Aug. 24, 2007 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Shanghai Noah Financial Services Corp. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Apr. 18, 2008 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Noah Insurance (Hong Kong) Limited | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Jan. 03, 2011 |
| Place of Incorporation | Hong Kong |
| Percentage of Ownership | 100.00% |
| Shanghai Rongyao Information Technology Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Mar. 02, 2011 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Kunshan Noah Xingguan Investment Management Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Aug. 12, 2011 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Noah Holdings (Hong Kong) Limited | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Sep. 01, 2011 |
| Place of Incorporation | Hong Kong |
| Percentage of Ownership | 100.00% |
| Gopher Capital GP Limited | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | May 11, 2012 |
| Place of Incorporation | Cayman |
| Percentage of Ownership | 100.00% |
| Wuhu Noah Financial Services Co Ltd | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Jul. 26, 2017 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Zigong Noah Financial Service Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Oct. 22, 2012 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Joy Bright Management Limited | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Jun. 11, 2013 |
| Place of Incorporation | BVI |
| Percentage of Ownership | 100.00% |
| Noah Rongyitong (Wuhu) Microfinance Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Aug. 13, 2013 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Shanghai Noah Yijie Finance Technology Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Mar. 17, 2014 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 54.93% |
| Noah Commercial Factoring Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Apr. 01, 2014 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 95.00% |
| Noah (Shanghai) Financial Leasing Co., Ltd | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Dec. 20, 2014 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Noah International (Hong Kong) Limited | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Jan. 07, 2015 |
| Place of Incorporation | Hong Kong |
| Percentage of Ownership | 100.00% |
| Kunshan Noah Rongyao Investment Management Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Dec. 02, 2015 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Shanghai Noah Chuangying Enterprise Management Co., Ltd. | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Dec. 14, 2015 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Gopher International Investment Management (Shanghai) Limited | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Nov. 14, 2016 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Noah Insurance Services LLC | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Feb. 10, 2017 |
| Place of Incorporation | US |
| Percentage of Ownership | 100.00% |
| Joy Falcon Limited | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Mar. 29, 2018 |
| Place of Incorporation | BVI |
| Percentage of Ownership | 100.00% |
| Joy Triple Star Holdings Limited | |
| Subsidiary of Limited Liability Company or Limited Partnership [Line Items] | |
| Date of Incorporation | Jan. 12, 2018 |
| Place of Incorporation | BVI |
| Percentage of Ownership | 100.00% |
| X | ||||||||||
- Definition Date when an entity was incorporated No definition available.
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| X | ||||||||||
- Definition State or Country Name where an entity is incorporated No definition available.
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| X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Noah Investments Subsidiaries (Detail) - Variable Interest Entity, Primary Beneficiary |
12 Months Ended |
|---|---|
Dec. 31, 2018 | |
| Shanghai Noah Investment Management Co., Ltd. | |
| Variable Interest Entity [Line Items] | |
| Date of Incorporation | Aug. 26, 2005 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Tianjin Gopher Asset Management Co., Ltd. | |
| Variable Interest Entity [Line Items] | |
| Date of Incorporation | Mar. 18, 2010 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Gopher Asset Management Co., Ltd. | |
| Variable Interest Entity [Line Items] | |
| Date of Incorporation | Feb. 09, 2012 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Wuhu Gopher Asset Management Co., Ltd. | |
| Variable Interest Entity [Line Items] | |
| Date of Incorporation | Oct. 10, 2012 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Shanghai Gopher Asset Management Co., Ltd. | |
| Variable Interest Entity [Line Items] | |
| Date of Incorporation | Dec. 14, 2012 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| Gopher- Nuobao (Shanghai) Asset Management Co., Ltd. | |
| Variable Interest Entity [Line Items] | |
| Date of Incorporation | Apr. 10, 2013 |
| Place of Incorporation | PRC |
| Percentage of Ownership | 100.00% |
| X | ||||||||||
- Definition Date when an entity was incorporated No definition available.
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- Definition State or Country Name where an entity is incorporated No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Percentage of the Variable Interest Entity's (VIE) voting interest owned by (or beneficial interest in) the reporting entity (directly or indirectly). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Organization and Principal Activities - Additional Information (Detail) |
Mar. 31, 2016 |
|---|---|
| Noah Upright (Shanghai) Fund Investment Consulting Co., Ltd. | |
| Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items] | |
| Equity interest sold to Shanghai Noah Financial Service | 100.00% |
| X | ||||||||||
- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Summary of Principal Accounting Policies - Additional Information (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 01, 2019 |
May 01, 2018 |
May 01, 2016 |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2018
CNY (¥)
|
Apr. 30, 2018 |
Jan. 01, 2018
USD ($)
|
Jan. 01, 2018
CNY (¥)
|
|
| Significant Accounting Policies [Line Items] | |||||||||||
| Interest-free loans extended to VIE founders | $ 3,930 | ¥ 27,000 | |||||||||
| Interest-free loans agreements expiry date | 2023-12 | 2023-12 | |||||||||
| Cash and cash equivalent | $ 393,294 | ¥ 1,906,753 | ¥ 2,982,510 | 2,704,091 | |||||||
| Non-controlling interests | 49,113 | 78,486 | ¥ 337,677 | ||||||||
| Net income (loss) attributable to non-controlling interests | $ (1,098) | ¥ (7,551) | ¥ (13,745) | (40,602) | |||||||
| Account receivable balance due | 1 year | 1 year | 1 year | ||||||||
| Deferred revenue beginning balance | $ | $ 177,400 | ||||||||||
| Government subsidies | $ 9,102 | ¥ 62,583 | ¥ 74,156 | ¥ 162,365 | |||||||
| Foreign currency exchange rate, translation | 6.8755 | 6.8755 | |||||||||
| Loans charge off period | 120 days | 120 days | |||||||||
| Loan loss provision rate | 0.42% | 0.42% | 0.42% | ||||||||
| Right of use asset and lease liability | ¥ | ¥ 280,000 | ||||||||||
| Scenario, Forecast [Member] | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| VAT rate reduced (as a percent) | 9.00% | ||||||||||
| VAT rate reduced (as a percent) | 13.00% | ||||||||||
| ASU 2016-01 | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Cumulative effect of adjustment from other comprehensive income to retained earnings | $ 38,700 | ¥ 251,600 | |||||||||
| Variable Interest Entity, Primary Beneficiary | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Equity interest sold to Shanghai Noah Financial Service | 29.00% | 6.15% | |||||||||
| Concentration risk percentage | 6.00% | ||||||||||
| Cash and cash equivalent | $ 66,332 | ¥ 394,672 | ¥ 456,063 | ||||||||
| Variable Interest Entity, Primary Beneficiary | Investment Fund One | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Equity interest sold to Shanghai Noah Financial Service | 23.00% | 23.00% | |||||||||
| Variable Interest Entity, Primary Beneficiary | Investment Fund Two | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Equity interest sold to Shanghai Noah Financial Service | 48.00% | 48.00% | |||||||||
| Variable Interest Entity, Primary Beneficiary | Credit Concentration Risk | Net Revenue | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Concentration risk percentage | 21.70% | 21.70% | 15.70% | 17.30% | |||||||
| Variable Interest Entity, Primary Beneficiary | Credit Concentration Risk | Net Income (Loss) | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Concentration risk percentage | 39.40% | 39.40% | 19.40% | 4.10% | |||||||
| Variable Interest Entity, Primary Beneficiary | Credit Concentration Risk | Total Assets | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Concentration risk percentage | 34.60% | 34.60% | 26.80% | ||||||||
| Mainland of China | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| VAT rate one (as a percent) | 11.00% | 3.00% | |||||||||
| VAT rate two (as a percent) | 17.00% | 6.00% | |||||||||
| VAT rate three (as a percent) | 11.00% | ||||||||||
| VAT rate four (as a percent) | 17.00% | ||||||||||
| VAT rate reduced (as a percent) | 16.00% | ||||||||||
| Consolidated Fund | Variable Interest Entity, Primary Beneficiary | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Cash and cash equivalent | $ 4,687 | ¥ 11,641 | ¥ 32,223 | ||||||||
| Other Service Fee | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Other service fees as percentage of total net revenue | 10.00% | 10.00% | |||||||||
| Airline and Railway Ticket [Member] | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Effective deduction rate of ticket value | 9.00% | ||||||||||
| Waterway And Highway Tickets [Member] | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Effective deduction rate of ticket value | 3.00% | ||||||||||
| Minimum | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Ownership percentage in affiliate to represent influence | 20.00% | 20.00% | |||||||||
| Minimum | Mainland of China | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Business tax and related surcharges | 5.35% | 5.35% | |||||||||
| Maximum | Mainland of China | |||||||||||
| Significant Accounting Policies [Line Items] | |||||||||||
| Business tax and related surcharges | 5.65% | 5.65% | |||||||||
| VAT rate reduced (as a percent) | 10.00% | ||||||||||
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- Definition Contracts Expiration Month and Year No definition available.
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- Definition Government Subsidies No definition available.
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- Definition Loan Delinquency Period No definition available.
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- Definition Ownership Interest In Voting Rights Of Investee Required For Significant Influence Minimum No definition available.
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- Definition Reduced vat rate. No definition available.
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- Definition Reduced vat rate one. No definition available.
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- Definition Service Fees As Percentage Of Total Annual Revenue No definition available.
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- Definition Significant Accounting Policies [Line Items] No definition available.
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- Definition Value added tax rate four. No definition available.
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- Definition VAT rate one. No definition available.
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- Definition VAT rate three. No definition available.
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- Definition VAT rate two. No definition available.
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- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Amounts in Noah Investment and its Subsidiaries and the Consolidated Funds Included in Consolidated Financial Statements (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2018
CNY (¥)
|
||||||
| Variable Interest Entity [Line Items] | ||||||||||
| Cash and cash equivalents | $ 393,294 | ¥ 1,906,753 | ¥ 2,982,510 | ¥ 2,704,091 | ||||||
| Restricted cash | 364 | 1,000 | 2,500 | |||||||
| Short-term investments | 65,519 | 160,345 | 450,477 | |||||||
| Accounts receivable, net of allowance for doubtful accounts | 41,078 | 175,518 | 282,431 | |||||||
| Amounts due from related parties | 83,223 | 515,454 | 572,201 | |||||||
| Other current assets | 65,925 | 255,680 | 453,269 | |||||||
| Long-term investments | 149,090 | 988,266 | 1,025,065 | |||||||
| Property and equipment, net | 50,419 | 303,349 | 346,653 | |||||||
| Deferred tax assets | 16,491 | 72,654 | 113,384 | |||||||
| Other non-current assets | 7,266 | 125,871 | 49,971 | |||||||
| Total Assets | 1,165,625 | 6,494,854 | 8,014,264 | |||||||
| Accrued payroll and welfare expenses | 97,622 | 622,494 | 671,200 | |||||||
| Deferred revenue | 20,788 | 201,254 | 142,925 | |||||||
| Deferred tax liabilities | 9,758 | 50,121 | 67,092 | |||||||
| Other current liabilities | 105,105 | 489,389 | 722,652 | |||||||
| Total Liabilities | 267,455 | 1,987,108 | 1,838,887 | |||||||
| Revenue: | ||||||||||
| Total revenues | 481,430 | ¥ 3,310,062 | 2,846,006 | 2,561,636 | ||||||
| Less: business taxes and related surcharges | (2,975) | (20,454) | (19,098) | (48,064) | ||||||
| Net revenues | 478,455 | 3,289,608 | 2,826,908 | 2,513,572 | ||||||
| Total other income | 12,372 | 85,073 | 91,777 | 66,256 | ||||||
| Net income | 116,899 | 803,746 | 761,862 | 597,891 | ||||||
| Net income attributable to Noah Holdings Limited shareholders | 117,997 | 811,297 | 762,923 | 643,829 | ||||||
| Cash flows (used in) provided by operating activities | 149,718 | 1,029,386 | 628,383 | 686,247 | ||||||
| Cash flows provided by (used in) investing activities | (57,549) | (395,677) | (833,857) | (883,793) | ||||||
| Cash flows provided by financing activities | 15,973 | 109,825 | (791,789) | 994,635 | ||||||
| One Time Commissions | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | [1] | 106,612 | 733,009 | 541,025 | 817,324 | |||||
| Revenues from funds Gopher manages | 42,904 | 294,984 | 561,060 | 321,442 | ||||||
| Total revenues | 1,027,993 | |||||||||
| Recurring Service Fees | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | [1] | 86,373 | 593,856 | 605,092 | 535,711 | |||||
| Revenues from funds Gopher manages | 178,469 | 1,227,061 | 860,730 | 775,726 | ||||||
| Total revenues | 1,776,549 | |||||||||
| Performance Based Income | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | [1] | 6,269 | 43,101 | 86,494 | 20,390 | |||||
| Revenues from funds Gopher manages | 14,622 | 100,533 | 54,502 | 39,501 | ||||||
| Total revenues | 143,634 | |||||||||
| Other Service | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | [1] | 52,634 | 361,886 | 195,073 | 119,582 | |||||
| Total revenues | 361,886 | |||||||||
| Revenues from Others [Member] | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | [1] | 251,888 | 1,731,852 | 1,427,684 | 1,493,007 | |||||
| Revenues from Funds Gopher Manages | ||||||||||
| Revenue: | ||||||||||
| Revenues from funds Gopher manages | 240,246 | 1,651,805 | 1,499,606 | 1,138,457 | ||||||
| Variable Interest Entity, Primary Beneficiary | ||||||||||
| Variable Interest Entity [Line Items] | ||||||||||
| Cash and cash equivalents | 66,332 | 394,672 | 456,063 | |||||||
| Restricted cash | 364 | 2,500 | ||||||||
| Short-term investments | 59,040 | 405,930 | ||||||||
| Accounts receivable, net of allowance for doubtful accounts | 1,670 | 2,795 | 11,484 | |||||||
| Amounts due from related parties | 40,704 | 155,570 | 279,860 | |||||||
| Other current assets | 16,981 | 88,740 | 116,756 | |||||||
| Long-term investments | 60,899 | 192,920 | 418,710 | |||||||
| Investment in affiliates | 147,126 | 920,848 | 1,011,565 | |||||||
| Property and equipment, net | 3,590 | 25,458 | 24,681 | |||||||
| Deferred tax assets | 4,284 | 6,136 | 29,452 | |||||||
| Other non-current assets | 2,585 | 12,641 | 17,767 | |||||||
| Total Assets | 403,575 | 1,799,780 | 2,774,768 | |||||||
| Accrued payroll and welfare expenses | 15,745 | 83,553 | 108,257 | |||||||
| Income tax payable | 7,155 | (2,507) | 49,192 | |||||||
| Amounts due to the Group's subsidiaries | 88,203 | 498,557 | 606,440 | |||||||
| Deferred revenue | 3,441 | 33,301 | 23,658 | |||||||
| Deferred tax liabilities | 1,688 | 11,609 | ||||||||
| Other current liabilities | 11,072 | 40,942 | 76,129 | |||||||
| Total Liabilities | 127,304 | 653,846 | ¥ 875,285 | |||||||
| Revenue: | ||||||||||
| Total revenues | 104,454 | 718,184 | 447,109 | 445,277 | ||||||
| Less: business taxes and related surcharges | (540) | (3,715) | (2,792) | (10,206) | ||||||
| Net revenues | 103,914 | 714,469 | 444,317 | 435,071 | ||||||
| Total operating cost and expenses | (54,233) | (372,870) | (361,765) | (452,182) | ||||||
| Total other income | 10,635 | 73,119 | 43,281 | 67,038 | ||||||
| Net income | 46,096 | 316,951 | 149,703 | 24,381 | ||||||
| Net income attributable to Noah Holdings Limited shareholders | 44,636 | 306,912 | 147,483 | 22,122 | ||||||
| Cash flows (used in) provided by operating activities | [2] | 62,397 | 429,008 | 426,663 | (316,765) | |||||
| Cash flows provided by (used in) investing activities | (55,171) | (379,327) | (372,590) | 28,995 | ||||||
| Cash flows provided by financing activities | 2,067 | 14,210 | 15,680 | 14,856 | ||||||
| Variable Interest Entity, Primary Beneficiary | One Time Commissions | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | 1,912 | 13,146 | 16,521 | 1,184 | ||||||
| Revenues from funds Gopher manages | 303 | 2,085 | 1,012 | 2,887 | ||||||
| Variable Interest Entity, Primary Beneficiary | Recurring Service Fees | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | 2,456 | 16,884 | 24,275 | 56,998 | ||||||
| Revenues from funds Gopher manages | 72,994 | 501,873 | 306,883 | 278,460 | ||||||
| Variable Interest Entity, Primary Beneficiary | Performance Based Income | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | 77 | 531 | 2,389 | 8,596 | ||||||
| Revenues from funds Gopher manages | 13,399 | 92,127 | 37,240 | 38,414 | ||||||
| Variable Interest Entity, Primary Beneficiary | Other Service | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | 13,313 | 91,538 | 58,789 | 58,738 | ||||||
| Variable Interest Entity, Primary Beneficiary | Revenues from Others [Member] | ||||||||||
| Revenue: | ||||||||||
| Revenues from others | 17,758 | 122,099 | 101,974 | 125,516 | ||||||
| Variable Interest Entity, Primary Beneficiary | Revenues from Funds Gopher Manages | ||||||||||
| Revenue: | ||||||||||
| Revenues from funds Gopher manages | $ 86,696 | ¥ 596,085 | ¥ 345,135 | ¥ 319,761 | ||||||
| ||||||||||
| X | ||||||||||
- Definition The total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). No definition available.
|
| X | ||||||||||
- Definition Income Taxes Payable (Receivable), Current No definition available.
|
| X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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| X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of payable due to an entity that is affiliated with the reporting entity by means of direct or indirect ownership. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of excise and sales taxes included in sales and revenues, which are then deducted as a cost of sales. Includes excise taxes, which are applied to specific types of transactions or items (such as gasoline or alcohol); and sales, use and value added taxes, which are applied to a broad class of revenue-producing transactions involving a wide range of goods and services. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
|
| X | ||||||||||
- Definition Amount of current assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Amounts in Noah Investment and its Subsidiaries and the Consolidated Funds Included in Consolidated Financial Statements (Parenthetical) (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
| Increase in amounts due to the Group's subsidiaries | $ 88,203 | ¥ 606,440 | ¥ 479,138 | ¥ 125,714 |
| X | ||||||||||
- Definition The increase (decrease) in current obligations (due within one year or one operating cycle) owed to an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
Summary of Financial Impact of Investment (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2018
CNY (¥)
|
|
| Variable Interest Entity [Line Items] | |||||
| Cash and cash equivalents | $ 393,294 | ¥ 1,906,753 | ¥ 2,982,510 | ¥ 2,704,091 | |
| Short-term investments | 65,519 | 160,345 | 450,477 | ||
| Other current assets | 65,925 | 255,680 | 453,269 | ||
| Long-term investments | 149,090 | 988,266 | 1,025,065 | ||
| Total Assets | 1,165,625 | 6,494,854 | 8,014,264 | ||
| Other current liabilities | 105,105 | 489,389 | 722,652 | ||
| Total Liabilities | 267,455 | 1,987,108 | 1,838,887 | ||
| Investment income | 7,070 | ¥ 48,616 | 67,343 | 48,537 | |
| Variable Interest Entity, Primary Beneficiary | |||||
| Variable Interest Entity [Line Items] | |||||
| Cash and cash equivalents | 66,332 | 394,672 | 456,063 | ||
| Short-term investments | 59,040 | 405,930 | |||
| Other current assets | 16,981 | 88,740 | 116,756 | ||
| Long-term investments | 60,899 | 192,920 | 418,710 | ||
| Total Assets | 403,575 | 1,799,780 | 2,774,768 | ||
| Amounts due to the Group's subsidiaries | 88,203 | 498,557 | 606,440 | ||
| Other current liabilities | 11,072 | 40,942 | 76,129 | ||
| Total Liabilities | 127,304 | 653,846 | 875,285 | ||
| Operating cost and expenses | 54,233 | 372,870 | 361,765 | ¥ 452,182 | |
| Consolidated Fund | Variable Interest Entity, Primary Beneficiary | |||||
| Variable Interest Entity [Line Items] | |||||
| Cash and cash equivalents | 4,687 | 11,641 | 32,223 | ||
| Short-term investments | 57,586 | 395,930 | |||
| Other current assets | 288 | 1,981 | |||
| Long-term investments | 15,917 | 49,029 | 109,439 | ||
| Total Assets | 78,478 | 60,670 | 539,573 | ||
| Amounts due to the Group's subsidiaries | 19,519 | ||||
| Other current liabilities | 3,189 | 21,925 | |||
| Total Liabilities | 3,189 | 19,519 | ¥ 21,925 | ||
| Operating cost and expenses | (28) | (194) | (863) | ||
| Investment income | $ 101 | ¥ 697 | ¥ 3,667 | ||
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of payable due to an entity that is affiliated with the reporting entity by means of direct or indirect ownership. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
|
| X | ||||||||||
- Definition Amount of current assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Summary of Maximum Exposure to Loss Associated with Identified Nonconsolidated VIEs (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Variable Interest Entity [Line Items] | |||
| Maximum exposure to loss in non-consolidated VIEs | $ 96,098 | ¥ 660,719 | ¥ 647,178 |
| Amount due from related parties | |||
| Variable Interest Entity [Line Items] | |||
| Maximum exposure to loss in non-consolidated VIEs | 11,558 | 79,464 | 36,792 |
| Investments | |||
| Variable Interest Entity [Line Items] | |||
| Maximum exposure to loss in non-consolidated VIEs | $ 84,540 | ¥ 581,255 | ¥ 610,386 |
| X | ||||||||||
- Definition The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Summary of Effects of Changes in Group's Ownership Interest in Less than Wholly Owned Subsidiaries on Equity Attributable to Noah Holdings Limited Shareholders (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items] | ||||
| Net income attributable to Noah Holdings Limited shareholders | $ 117,997 | ¥ 811,297 | ¥ 762,923 | ¥ 643,829 |
| Transfers from (to) the non-controlling interest: | ||||
| Increase (decrease) in Noah's equity by partial disposal (acquisition) of subsidiaries | 161,000 | |||
| Net transfers from (to) non-controlling interest | 30 | 151,990 | ||
| Change from net income attributable to Noah and transfers from non-controlling interest | $ 117,997 | ¥ 811,297 | 762,953 | 795,819 |
| Parent | ||||
| Transfers from (to) the non-controlling interest: | ||||
| Increase (decrease) in Noah's equity by partial disposal (acquisition) of subsidiaries | ¥ 30 | ¥ 151,990 | ||
| X | ||||||||||
- Definition This element represents the total net income attributable to the parent for the period and the effect of net changes during the period impacting the parent's ownership interest in a subsidiary as it relates to the total (consolidated) equity attributable to the parent. The changes to the parent's ownership interest in a subsidiary represented by this element did not result in a deconsolidation of the subsidiary from the consolidated financial statements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Represents a sale by the parent of a portion of its equity interest in a subsidiary during the period, thereby effecting a change in total (consolidated) equity attributable to the parent. The sale of the equity interest represented by this element does not result in a loss of control by the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Net Increase or Decrease in balance of noncontrolling interest in the subsidiary during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
Estimated Useful Lives of Property and Equipment (Detail) |
12 Months Ended |
|---|---|
Dec. 31, 2018 | |
| Leasehold Improvements | |
| Property, Plant and Equipment [Line Items] | |
| Property and equipment, estimated useful lives | Shorter of the lease term or expected useful life |
| Furniture, fixtures, and equipment | Minimum | |
| Property, Plant and Equipment [Line Items] | |
| Property and equipment, estimated useful lives | 3 years |
| Furniture, fixtures, and equipment | Maximum | |
| Property, Plant and Equipment [Line Items] | |
| Property and equipment, estimated useful lives | 5 years |
| Motor Vehicles | |
| Property, Plant and Equipment [Line Items] | |
| Property and equipment, estimated useful lives | 5 years |
| Software | Minimum | |
| Property, Plant and Equipment [Line Items] | |
| Property and equipment, estimated useful lives | 2 years |
| Software | Maximum | |
| Property, Plant and Equipment [Line Items] | |
| Property and equipment, estimated useful lives | 5 years |
| Building | |
| Property, Plant and Equipment [Line Items] | |
| Property and equipment, estimated useful lives | 30 years |
| X | ||||||||||
- Definition Describes the periods of time over which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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Summary of Principal Accounting Policies - Schedule of Disaggregation of Revenue (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | $ 481,430 | ¥ 3,310,062 | ¥ 2,846,006 | ¥ 2,561,636 | |||
| Total revenues | $ 481,430 | 3,310,062 | 2,846,006 | 2,561,636 | |||
| One Time Commissions | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 1,027,993 | ||||||
| Total revenues | 1,027,993 | ||||||
| Recurring Service Fees | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 1,776,549 | ||||||
| Total revenues | 1,776,549 | ||||||
| Performance Based Income | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 143,634 | ||||||
| Total revenues | 143,634 | ||||||
| Other Service | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 361,886 | ||||||
| Total revenues | 361,886 | ||||||
| Lending Services [Member] | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 209,804 | ||||||
| Total revenues | 209,804 | ||||||
| Investor Education Services [Member] | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 36,555 | ||||||
| Total revenues | 36,555 | ||||||
| Other Comprehensive Services [Member] | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | [1] | 115,527 | |||||
| Total revenues | [1] | 115,527 | |||||
| Mainland of China | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 2,555,982 | 2,300,534 | 2,014,686 | ||||
| Total revenues | 2,555,982 | 2,300,534 | 2,014,686 | ||||
| Hong Kong | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 751,051 | 545,472 | 546,950 | ||||
| Total revenues | 751,051 | 545,472 | 546,950 | ||||
| Overseas | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 3,029 | ||||||
| Total revenues | 3,029 | ||||||
| Wealth Management | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 2,318,212 | 2,141,395 | 1,968,928 | ||||
| Total revenues | 2,318,212 | 2,141,395 | 1,968,928 | ||||
| Wealth Management | One Time Commissions | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 1,024,323 | ||||||
| Total revenues | 1,024,323 | ||||||
| Wealth Management | Recurring Service Fees | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 1,136,010 | ||||||
| Total revenues | 1,136,010 | ||||||
| Wealth Management | Performance Based Income | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 44,309 | ||||||
| Total revenues | 44,309 | ||||||
| Wealth Management | Other Service | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 113,570 | ||||||
| Total revenues | 113,570 | ||||||
| Wealth Management | Investor Education Services [Member] | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 36,555 | ||||||
| Total revenues | 36,555 | ||||||
| Wealth Management | Other Comprehensive Services [Member] | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | [1] | 77,015 | |||||
| Total revenues | [1] | 77,015 | |||||
| Wealth Management | Mainland of China | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 1,750,754 | 1,788,135 | 1,575,209 | ||||
| Total revenues | 1,750,754 | 1,788,135 | 1,575,209 | ||||
| Wealth Management | Hong Kong | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 565,061 | 353,260 | 393,719 | ||||
| Total revenues | 565,061 | 353,260 | 393,719 | ||||
| Wealth Management | Overseas | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 2,397 | ||||||
| Total revenues | 2,397 | ||||||
| Asset Management Business | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 751,759 | 590,640 | 541,285 | ||||
| Total revenues | 751,759 | 590,640 | 541,285 | ||||
| Asset Management Business | One Time Commissions | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 3,670 | ||||||
| Total revenues | 3,670 | ||||||
| Asset Management Business | Recurring Service Fees | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 640,539 | ||||||
| Total revenues | 640,539 | ||||||
| Asset Management Business | Performance Based Income | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 99,325 | ||||||
| Total revenues | 99,325 | ||||||
| Asset Management Business | Other Service | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 8,225 | ||||||
| Total revenues | 8,225 | ||||||
| Asset Management Business | Other Comprehensive Services [Member] | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | [1] | 8,225 | |||||
| Total revenues | [1] | 8,225 | |||||
| Asset Management Business | Mainland of China | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 565,137 | 398,428 | 388,054 | ||||
| Total revenues | 565,137 | 398,428 | 388,054 | ||||
| Asset Management Business | Hong Kong | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 185,990 | 192,212 | 153,231 | ||||
| Total revenues | 185,990 | 192,212 | 153,231 | ||||
| Asset Management Business | Overseas | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 632 | ||||||
| Total revenues | 632 | ||||||
| Other Financial Service Business | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 240,091 | 113,971 | 51,423 | ||||
| Total revenues | 240,091 | 113,971 | 51,423 | ||||
| Other Financial Service Business | Other Service | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 240,091 | ||||||
| Total revenues | 240,091 | ||||||
| Other Financial Service Business | Lending Services [Member] | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 209,804 | ||||||
| Total revenues | 209,804 | ||||||
| Other Financial Service Business | Other Comprehensive Services [Member] | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | [1] | 30,287 | |||||
| Total revenues | [1] | 30,287 | |||||
| Other Financial Service Business | Mainland of China | |||||||
| Disaggregation of Revenue [Line Items] | |||||||
| Total revenues | 240,091 | 113,971 | 51,423 | ||||
| Total revenues | ¥ 240,091 | ¥ 113,971 | ¥ 51,423 | ||||
| |||||||
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Computation of Basic and Diluted Net Income per Share Attributable to Ordinary Shareholders (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
$ / shares
shares
|
Dec. 31, 2018
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2016
CNY (¥)
¥ / shares
shares
|
|
| Computation of Earnings Per Share [Line Items] | ||||
| Net income attributable to Class A and Class B ordinary shareholders-basic | $ 117,997 | ¥ 811,297 | ¥ 762,923 | ¥ 643,829 |
| Plus: interest expense for convertible notes | 1,121 | 7,707 | 20,042 | 19,289 |
| Net income attributable to Class A and Class B ordinary shareholders-diluted | $ 119,118 | ¥ 819,004 | ¥ 782,965 | ¥ 663,118 |
| Weighted average number of Class A and Class B ordinary shares outstanding-basic | 29,288,401 | 29,288,401 | 28,275,637 | 28,150,139 |
| Plus: shares outstanding for convertible notes | 1,048,128 | 1,048,128 | 1,695,341 | 1,736,864 |
| Weighted average number of Class A and Class B ordinary shares outstanding-diluted | 30,710,540 | 30,710,540 | 30,233,823 | 30,036,763 |
| Basic net income per share | (per share) | $ 4.02 | ¥ 27.70 | ¥ 26.98 | ¥ 22.87 |
| Diluted net income per share | (per share) | $ 3.88 | ¥ 26.67 | ¥ 25.90 | ¥ 22.08 |
| Stock Options | ||||
| Computation of Earnings Per Share [Line Items] | ||||
| Additional shares included in the calculation of diluted EPS | 347,703 | 347,703 | 189,508 | 133,295 |
| Restricted Stock | ||||
| Computation of Earnings Per Share [Line Items] | ||||
| Additional shares included in the calculation of diluted EPS | 26,308 | 26,308 | 73,337 | 16,465 |
| X | ||||||||||
- Definition Computation of Earnings Per Share [Line Items] No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The after-tax amount of interest recognized in the period associated with any convertible debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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Antidilutive Securities Excluded from Computation of Earning Per Share (Detail) - shares |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
| Antidilutive securities excluded from computation of earnings per share | 319,100 | 243,561 | 316,510 |
| Share options | |||
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
| Antidilutive securities excluded from computation of earnings per share | 168,203 | 243,561 | 316,510 |
| Restricted Stock | |||
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
| Antidilutive securities excluded from computation of earnings per share | 150,897 | ||
| X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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Components of Other Current Assets (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Prepaid Expense And Other Current Assets [Abstract] | |||
| Receivables from financial leasing service | $ 31,426 | ¥ 216,071 | |
| Advance to vendors | 13,554 | 93,192 | ¥ 78,329 |
| Deposits for lending service | 6,689 | 45,992 | 120,042 |
| Interest receivables | 55 | 379 | 4,330 |
| Others | 14,201 | 97,635 | 52,979 |
| Total | $ 65,925 | ¥ 453,269 | ¥ 255,680 |
| X | ||||||||||
- Definition Advances to vendors. No definition available.
|
| X | ||||||||||
- Definition Deposits for lending service. No definition available.
|
| X | ||||||||||
- Definition Prepaid Expense And Other Current Assets [Abstract] No definition available.
|
| X | ||||||||||
- Definition Receivables from financial leasing service. No definition available.
|
| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of current assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount due from parties in nontrade transactions, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Other Current Assets - Additional Information (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Mar. 31, 2017 |
|
| Long-term receivables from financial leasing service | ¥ 244,405 | ¥ 132,821 | ||
| Receivables from financial remaining leasing service term | Reclassified from other non-current assets to other current assets because the remaining financial leasing term was less than one year | |||
| Receivables from financial leasing service | $ 31,426 | ¥ 216,071 | ||
| Minimum | ||||
| Long-term receivables from financial leasing service term | 2 years | |||
| Maximum | ||||
| Long-term receivables from financial leasing service term | 3 years |
| X | ||||||||||
- Definition Lessor direct financing remaining lease term of contract description. No definition available.
|
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- Definition Receivables from financial leasing service. No definition available.
|
| X | ||||||||||
- Definition Present value of lease payments not yet received by lessor and amount expected to be derived from underlying asset, following end of lease term, guaranteed by lessee or other third party unrelated to lessor, from direct financing lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Term of lessor's direct financing lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
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Investment (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Short-term investments | |||
| Held-to-maturity investments | $ 1,804 | ¥ 12,400 | ¥ 65,000 |
| Available for sale investments | 6,130 | 42,148 | 95,345 |
| Total Investments held by consolidated investment funds | 57,585 | 395,929 | |
| Total short-term investments | 65,519 | 450,477 | 160,345 |
| Long-term investments | |||
| Held-to-maturity investments | 17,696 | 121,671 | 205,500 |
| Available-for-sale investments | 20,362 | 139,994 | 432,977 |
| Investments measured at fair value | 54,485 | 374,612 | |
| Total other long-term investments | 95,115 | 653,961 | 300,760 |
| Total Investments held by consolidated investment funds | 15,917 | 109,439 | 49,029 |
| Total long-term investments | 149,090 | 1,025,065 | 988,266 |
| Total investments | 214,609 | 1,475,542 | 1,148,611 |
| Fixed Income Products | |||
| Short-term investments | |||
| Held-to-maturity investments | 1,804 | 12,400 | 65,000 |
| Available for sale investments | 6,130 | 42,148 | 95,345 |
| Long-term investments | |||
| Held-to-maturity investments | 17,696 | 121,671 | 205,500 |
| Available-for-sale investments | 20,362 | 139,994 | 138,897 |
| Equity Securities of Listed Equity Securities | |||
| Long-term investments | |||
| Available-for-sale investments | 294,080 | ||
| Private Equity Funds Products | |||
| Long-term investments | |||
| Investments measured at cost less impairment | 20,093 | 138,149 | 147,800 |
| Other Investments | |||
| Long-term investments | |||
| Investments measured at cost less impairment | $ 20,537 | ¥ 141,200 | ¥ 152,960 |
| X | ||||||||||
- Definition Available For Sale Investments No definition available.
|
| X | ||||||||||
- Definition Long term investments of consolidated funds. No definition available.
|
| X | ||||||||||
- Definition Other investments measured at cost less impairment. No definition available.
|
| X | ||||||||||
- Definition Other Long Term Investments, Fair Value Disclosure No definition available.
|
| X | ||||||||||
- Definition Short term investments of consolidated funds. No definition available.
|
| X | ||||||||||
- Definition Investments in debt and equity securities which are categorized neither as held-to-maturity nor trading and which are intended to be sold or mature more than one year from the balance sheet date or operating cycle, if longer. Such securities are reported at fair value; unrealized gains (losses) related to Available-for-sale Securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. All or a portion of the unrealized holding gain (loss) of an Available-for-sale security that is designated as being hedged in a fair value hedge is recognized in earnings during the period of the hedge, as are other than temporary declines in fair value below the cost basis for investments in equity securities and debt securities that an entity intends to sell or it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. Other than temporary declines in fair value below the cost basis for debt securities categorized as Available-for-sale that an entity does not intend to sell and for which it is not more likely than not that the entity will be required to sell before the recovery of its amortized cost basis are bifurcated into credit losses and losses related to all other factors. Other than temporary declines in fair value below cost basis related to credit losses are recognized in earnings, and losses related to all other factors are recognized in other comprehensive income. No definition available.
|
| X | ||||||||||
- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of investment in debt security measured at amortized cost (held-to-maturity), classified as current. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of investment in debt security measured at amortized cost (held-to-maturity), classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
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- References No definition available.
|
| X | ||||||||||
- Definition Amount of long-term investments classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
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- References No definition available.
|
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| X | ||||||||||
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|
Investments - Additional Information (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2018
CNY (¥)
|
Jan. 01, 2018
USD ($)
|
Jan. 01, 2018
CNY (¥)
|
|
| Schedule of Held-to-maturity Securities [Line Items] | |||||||
| Investment income | $ 10,158 | ¥ 69,841 | ¥ 45,020 | ¥ 39,539 | |||
| Held-to-maturity investments, long-term | $ 17,696 | 205,500 | ¥ 121,671 | ||||
| Other comprehensive income-change in fair value of available-for-sale investments | 272,574 | 272,574 | |||||
| Other comprehensive income-realized gains reclassified from other comprehensive income to "investment income" | 9,663 | 22,149 | |||||
| Other comprehensive income-net unrealized gains on the available-for-sale investments | 29 | 253,099 | |||||
| Amortized cost of the available-for-sale investments | 108,886 | ¥ 182,142 | |||||
| Accumulated other comprehensive (loss)/income | |||||||
| Schedule of Held-to-maturity Securities [Line Items] | |||||||
| Impact of ASU 2016-01 | (251,641) | ||||||
| ASU 2016-01 | |||||||
| Schedule of Held-to-maturity Securities [Line Items] | |||||||
| Cumulative effect of adjustment from other comprehensive income to retained earnings | $ 38,700 | ¥ 251,600 | |||||
| PPDAI Group Inc. | Common Stock | Maximum | |||||||
| Schedule of Held-to-maturity Securities [Line Items] | |||||||
| Percentage of investee's issued share capital | 20.00% | 20.00% | |||||
| Held-to-maturity investments | |||||||
| Schedule of Held-to-maturity Securities [Line Items] | |||||||
| Investment income | ¥ 19,740 | 22,090 | ¥ 21,393 | ||||
| Held to maturity investment, gross unrecognized holding gain | 9,136 | ¥ 5,863 | |||||
| Held-to-maturity investments | Debt Securities of Certain Real Estate Funds | |||||||
| Schedule of Held-to-maturity Securities [Line Items] | |||||||
| Held-to-maturity securities | ¥ 195,500 | 134,071 | |||||
| Held-to-maturity securities, 2020 | |||||||
| Schedule of Held-to-maturity Securities [Line Items] | |||||||
| Held-to-maturity investments, long-term | 100,000 | ||||||
| Held-to-maturity securities, 2021 | |||||||
| Schedule of Held-to-maturity Securities [Line Items] | |||||||
| Held-to-maturity investments, long-term | ¥ 21,671 | ||||||
| X | ||||||||||
- Definition This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption. No definition available.
|
| X | ||||||||||
- Definition Amount of investment in debt security measured at amortized cost (held-to-maturity). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of accumulated unrecognized gain on investment in debt security measured at amortized cost (held-to-maturity). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of investment in debt security measured at amortized cost (held-to-maturity), classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
|
| X | ||||||||||
- Definition Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements. No definition available.
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities, attributable to parent entity. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
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Fair Value Measurements of Company's Assets and Liabilities that Measured at Fair Value on A Recurring Basis (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Short-term investment | |||
| Investments held by consolidated investment fund | $ 57,585 | ¥ 395,929 | |
| Long-term investment | |||
| Available-for-sale investments in debt securities | 20,362 | 139,994 | ¥ 432,977 |
| Investments held by consolidated investment fund | 15,917 | 109,439 | 49,029 |
| Other long-term investments measured at fair value | $ 54,485 | 374,612 | |
| Recurring Basis | |||
| Short-term investment | |||
| Available-for-sale investments in debt securities | 42,148 | 95,345 | |
| Investments held by consolidated investment fund | 395,929 | ||
| Long-term investment | |||
| Available-for-sale investments in debt securities | 139,994 | 432,977 | |
| Investments held by consolidated investment fund | 109,439 | 49,029 | |
| Other long-term investments measured at fair value | 374,612 | ||
| Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||
| Long-term investment | |||
| Available-for-sale investments in debt securities | 294,080 | ||
| Other long-term investments measured at fair value | 157,855 | ||
| Recurring Basis | Significant Other Observable Inputs (Level 2) | |||
| Short-term investment | |||
| Available-for-sale investments in debt securities | 42,148 | 95,345 | |
| Investments held by consolidated investment fund | 395,929 | ||
| Long-term investment | |||
| Available-for-sale investments in debt securities | 139,994 | 138,897 | |
| Investments held by consolidated investment fund | 109,439 | ¥ 49,029 | |
| Other long-term investments measured at fair value | ¥ 216,757 |
| X | ||||||||||
- Definition Long term investments of consolidated funds. No definition available.
|
| X | ||||||||||
- Definition Other Long Term Investments, Fair Value Disclosure No definition available.
|
| X | ||||||||||
- Definition Short term investments of consolidated funds. No definition available.
|
| X | ||||||||||
- Definition Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. No definition available.
|
| X | ||||||||||
- Definition Investments in debt and equity securities which are categorized neither as held-to-maturity nor trading and which are intended to be sold or mature more than one year from the balance sheet date or operating cycle, if longer. Such securities are reported at fair value; unrealized gains (losses) related to Available-for-sale Securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. All or a portion of the unrealized holding gain (loss) of an Available-for-sale security that is designated as being hedged in a fair value hedge is recognized in earnings during the period of the hedge, as are other than temporary declines in fair value below the cost basis for investments in equity securities and debt securities that an entity intends to sell or it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. Other than temporary declines in fair value below the cost basis for debt securities categorized as Available-for-sale that an entity does not intend to sell and for which it is not more likely than not that the entity will be required to sell before the recovery of its amortized cost basis are bifurcated into credit losses and losses related to all other factors. Other than temporary declines in fair value below cost basis related to credit losses are recognized in earnings, and losses related to all other factors are recognized in other comprehensive income. No definition available.
|
| X | ||||||||||
- References No definition available.
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- References No definition available.
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Fair Value Measurement - Additional Information (Detail) ¥ in Thousands |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2018
USD ($)
Investment
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Number of consolidated investment funds | Investment | 2 | ||
| Convertible note, fair value | $ 5,531,000 | ¥ 38,026 | |
| Equity investments without readily determinable fair value | ¥ | ¥ 279,300 | ||
| Non-Recurring Basis | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Assets reported at fair value on a non-recurring basis | 0 | $ 0 | |
| Liabilities reported at fair value on a non-recurring basis | $ 0 | $ 0 |
| X | ||||||||||
- Definition Consolidated Investment Funds No definition available.
|
| X | ||||||||||
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Fair value portion of borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock. No definition available.
|
| X | ||||||||||
- Definition Amount of investment in equity security without readily determinable fair value. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Fair value of financial and nonfinancial obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
Fair Value Measurements of Company's Long-Term Financial Instruments (Detail) - CNY (¥) ¥ in Thousands |
Dec. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Private Equity Funds Products | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Long-term investment - cost method investment, Carrying Value | ¥ 147,800 | |
| Long-term investment - cost method investment, Fair Value | 164,304 | |
| Other Investments | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Long-term investment - cost method investment, Carrying Value | 152,960 | |
| Long-term investment - cost method investment, Fair Value | 154,168 | |
| Fixed Income Products | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Long-term investment - held-to-maturity, Carrying Value | ¥ 121,671 | 205,500 |
| Long-term investment - held-to-maturity, Fair Value | 144,086 | 223,342 |
| Significant Other Observable Inputs (Level 2) | Fixed Income Products | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Long-term investment - held-to-maturity, Fair Value | ¥ 144,086 | 223,342 |
| Significant Unobservable Inputs (Level 3) | Private Equity Funds Products | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Long-term investment - cost method investment, Fair Value | 164,304 | |
| Significant Unobservable Inputs (Level 3) | Other Investments | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Long-term investment - cost method investment, Fair Value | ¥ 154,168 |
| X | ||||||||||
- Definition Amount, after adjustment, of cost-method investment. Adjustments include, but are not limited to, dividends received in excess of earnings after date of investment that are considered a return of investment and other than temporary impairments. No definition available.
|
| X | ||||||||||
- Definition Fair value portion of investments accounted under the cost method. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of investment in debt security measured at amortized cost (held-to-maturity). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Fair value of investment in debt security measured at amortized cost (held-to-maturity). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
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| X | ||||||||||
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Balances of Investments in Affiliates (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Schedule of Investments [Line Items] | |||
| Funds that the Group serves as general partner | $ 182,461 | ¥ 1,254,510 | ¥ 824,513 |
| Total investment in affiliates | 200,001 | 1,375,110 | 968,622 |
| Kunshan Jingzhao Equity Investment Management Co., Ltd. | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 1,149 | 7,903 | 10,849 |
| Kunshan Vantone Zhengyuan Private Equity Fund Management Co., Ltd | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 564 | 3,878 | 3,889 |
| Wanjia Win-Win Assets Management Co., Ltd. | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 13,237 | 91,012 | 86,465 |
| Wuhu Bona Film Investment Management Limited | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 184 | 1,266 | 2,721 |
| Shanghai Weiying Gopher Investment Management Co., Ltd | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 1,680 | ||
| Wuhu Hongxing Meikailong Equity Investment Management Co., Ltd | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 1,356 | 9,324 | 9,577 |
| Hainan Alibaba Picture Investment Management Co., Ltd | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 582 | 4,000 | 4,000 |
| Others | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 468 | 3,217 | 3,879 |
| Rongyao Insurance Broker | |||
| Schedule of Investments [Line Items] | |||
| Equity investments | 21,049 | ||
| Gopher Transform Private Fund | |||
| Schedule of Investments [Line Items] | |||
| Funds that the Group serves as general partner | 21,002 | 144,402 | 145,150 |
| Real Estate Funds | |||
| Schedule of Investments [Line Items] | |||
| Funds that the Group serves as general partner | 27,514 | 189,175 | 89,922 |
| Private Equity Funds Products | |||
| Schedule of Investments [Line Items] | |||
| Funds that the Group serves as general partner | 132,350 | 909,964 | 589,398 |
| Others Investment | |||
| Schedule of Investments [Line Items] | |||
| Funds that the Group serves as general partner | $ 1,595 | ¥ 10,969 | ¥ 43 |
| X | ||||||||||
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Cost of the investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of investment in equity method investee and investment in and advance to affiliate. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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| X | ||||||||||
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Investment in Affiliates - Additional Information (Detail) ¥ in Thousands, $ in Thousands |
1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2016
CNY (¥)
|
Aug. 31, 2016
CNY (¥)
|
Apr. 30, 2016
CNY (¥)
|
Jul. 31, 2013
CNY (¥)
|
Feb. 28, 2013
CNY (¥)
|
Nov. 30, 2012
CNY (¥)
|
May 31, 2011
CNY (¥)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Jun. 30, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital injected in to a joint venture | ¥ 52,638 | ||||||||||||||
| Income (loss) from equity in affiliates | $ 2,104 | ¥ 14,469 | ¥ 92,136 | ¥ 22,343 | |||||||||||
| Kunshan Jingzhao Equity Investment Management Co., Ltd. | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital Injected in to a joint venture | ¥ 4,000 | ||||||||||||||
| Equity Interest ownership | 40.00% | ||||||||||||||
| Kunshan Vantone Zhengyuan Private Equity Fund Management Co., Ltd | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital Injected in to a joint venture | ¥ 3,800 | ||||||||||||||
| Equity Interest ownership | 15.00% | ||||||||||||||
| Wanjia Win-Win Assets Management Co., Ltd. | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital Injected in to a joint venture | ¥ 21,000 | ||||||||||||||
| Equity Interest ownership | 35.00% | 28.00% | 28.00% | ||||||||||||
| Wuhu Bona Film Investment Management Limited | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital Injected in to a joint venture | ¥ 800 | ||||||||||||||
| Equity Interest ownership | 15.00% | ||||||||||||||
| Shanghai Weiying Gopher Investment Management Co., Ltd | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital Injected in to a joint venture | ¥ 1,200 | ||||||||||||||
| Equity Interest ownership | 30.00% | 30.00% | 30.00% | ||||||||||||
| Disposed of equity interest in joint venture | 1,500 | ||||||||||||||
| Wuhu Hongxing Meikailong Equity Investment Management Co., Ltd | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital Injected in to a joint venture | ¥ 9,800 | ||||||||||||||
| Equity Interest ownership | 50.00% | ||||||||||||||
| Hainan Alibaba Picture Investment Management Co., Ltd | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital Injected in to a joint venture | ¥ 4,000 | ||||||||||||||
| Equity Interest ownership | 40.00% | ||||||||||||||
| Gopher Transform Private Fund | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Capital injected in to a joint venture | ¥ 150,000 | ||||||||||||||
| Investment at cost, percentage | 48.00% | ||||||||||||||
| Shanghai Rongyao Information Technology Co., Ltd. | Shanghai Noah Rongyao Insurance Broker Co., Ltd. | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Business acquisition agreement price | ¥ 32,938 | ¥ 21,049 | |||||||||||||
| Equity method investment realized gain (loss) on disposal | ¥ (1,970) | ||||||||||||||
| Shanghai Rongyao Information Technology Co., Ltd. | Shanghai Noah Rongyao Insurance Broker Co., Ltd. | Shanghai Nifei Enterprise Management Co., Ltd. | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Business acquisition, percentage of voting interests acquired | 60.00% | 40.00% | 100.00% | 60.00% | 60.00% | 40.00% | |||||||||
| Business acquisition agreement price | ¥ 52,622 | ||||||||||||||
| Loss in acquiring business | ¥ (12) | ||||||||||||||
| Maximum | Gopher Asset Management Co., Ltd. | |||||||||||||||
| Investments in and Advances to Affiliates [Line Items] | |||||||||||||||
| Equity Interest ownership | 10.00% | 10.00% | |||||||||||||
| X | ||||||||||
- Definition Investment owned at cost percentage. No definition available.
|
| X | ||||||||||
- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of gain (loss) from sale and disposal of integrated set of activities and assets capable of being conducted and managed for purpose of providing return in form of dividend, lower cost, or other economic benefit to investor, owner, member and participant. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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- Definition The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow from the sale of an investment interest in a joint venture that the reporting entity has not previously accounted for using consolidation or the equity method of accounting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Summarized Financial Information (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|
| Balance sheet data: | |||||
| Current assets | $ 478,806 | ¥ 8,471,094 | ¥ 3,292,029 | ||
| Non-current assets | 4,921,378 | 22,795,565 | 33,836,936 | ||
| Current liabilities | 47,564 | 823,511 | 327,025 | ||
| Non-current liabilities | 241,242 | 1,703,350 | ¥ 1,658,657 | ||
| Operating data: | |||||
| Revenue | 102,902 | ¥ 707,501 | 237,589 | ¥ 685,603 | |
| Income (Loss) from operations | 19,194 | 131,969 | (1,609,708) | 33,706 | |
| Net Realized and Unrealized Gain from investments | 46,415 | 319,127 | 1,846,396 | 5,222,287 | |
| Net income | $ 78,206 | ¥ 537,705 | ¥ 247,865 | ¥ 5,263,296 | |
| X | ||||||||||
- Definition Equity Method Investment Summarized Financial Information Net Realized And Unrealized Gain Loss From Investments No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of current assets reported by an equity method investment of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of current liabilities reported by an equity method investment of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations reported by an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of noncurrent assets reported by an equity method investment of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of noncurrent liabilities reported by an equity method investment of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Property and Equipment, Net (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Property, Plant and Equipment [Abstract] | |||
| Leasehold improvements | $ 24,633 | ¥ 169,367 | ¥ 150,388 |
| Furniture, fixtures and equipment | 18,210 | 125,199 | 106,061 |
| Motor vehicles | 21,259 | 146,167 | 83,309 |
| Software | 15,962 | 109,748 | 75,306 |
| Property | 8,022 | 55,154 | 53,266 |
| Property, Plant and Equipment, Gross, Total | 88,086 | 605,635 | 468,330 |
| Accumulated depreciation | (40,513) | (278,549) | (191,385) |
| Property Plant And Equipment Net Excluding Construction In Progress, Total | 47,573 | 327,086 | 276,945 |
| Construction in progress | 2,846 | 19,567 | 26,404 |
| Property and equipment, net | $ 50,419 | ¥ 346,653 | ¥ 303,349 |
| X | ||||||||||
- Definition Property gross. No definition available.
|
| X | ||||||||||
- Definition Property Plant And Equipment Net Excluding Construction In Progress No definition available.
|
| X | ||||||||||
- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before accumulated amortization of capitalized costs for computer software, including but not limited to, acquired and internally developed computer software. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before accumulated depreciation of equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before accumulated depreciation of additions or improvements to assets held under a lease arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of other physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Property and Equipment, Net - Additional Information (Detail) - CNY (¥) ¥ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Property, Plant and Equipment [Abstract] | |||
| Depreciation expense | ¥ 92,282 | ¥ 81,964 | ¥ 61,320 |
| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
Other Current Liabilities (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Other Liabilities Current [Line Items] | |||
| Accrued expenses | $ 22,225 | ¥ 152,805 | ¥ 164,295 |
| Advance from customers | 23,130 | 159,030 | 80,401 |
| Interest payable for convertible notes | 305 | 2,100 | 7,600 |
| Deposits from other financial service business | 16,983 | 116,765 | 15,381 |
| Other payables | 17,954 | 123,450 | 83,758 |
| Payable for purchases of property and equipment | 1,392 | 9,572 | 3,577 |
| Other tax payable | 5,251 | 36,102 | 56,990 |
| Total | 105,105 | 722,652 | 489,389 |
| Investor One | |||
| Other Liabilities Current [Line Items] | |||
| Payable to individual investors of other financial service business | $ 17,865 | ¥ 122,828 | ¥ 77,387 |
| X | ||||||||||
- Definition Accounts Payable Purchase of Property Plant And Equipment No definition available.
|
| X | ||||||||||
- Definition Deposits from other financial service business. No definition available.
|
| X | ||||||||||
- Definition Other Liabilities Current [Line Items] No definition available.
|
| X | ||||||||||
- Definition Payable To Investors No definition available.
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of liability for consideration received or receivable from customer which is not included in transaction price, when consideration is expected to be refunded to customer, classified as current. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
Income Taxes - Additional Information (Detail) $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
|
| Income Taxes [Line Items] | |||||
| Income tax rate | 25.00% | 25.00% | 25.00% | ||
| Operating loss carry forward | ¥ 0 | ||||
| Deferred tax asset allowance | ¥ 9,183,000 | $ 2,276 | 15,651,000 | ||
| Term of operating loss carry forward | 5 years | ||||
| Withholding income tax rate | 10.00% | ||||
| Accumulated undistributed earnings of Group's PRC subsidiaries | 2,800,000,000 | ||||
| Withholding tax rate on dividends distributed by a FIE | 10.00% | ||||
| Reduced withholding tax rate, if the foreign investor owns directly at least 25% of the shares of the FIE | 5.00% | ||||
| Minimum percentage of equity interest in a PRC-resident enterprise to be held by a qualified Hong Kong tax resident for reduced withholding tax rate | 25.00% | ||||
| Undistributed earning | ¥ 2,883,169,000 | $ 573,937 | 3,946,107,000 | ||
| Increase in unrecognized tax benefit | ¥ 0 | ¥ 0 | ¥ 0 | ||
| If the underpayment of taxes is due to computational errors made by the taxpayer or withholding agent | |||||
| Income Taxes [Line Items] | |||||
| Unrecognized tax benefit, statute of limitations | 3 years | ||||
| If underpayment of tax liability exceeding RMB0.1 million | |||||
| Income Taxes [Line Items] | |||||
| Unrecognized tax benefit, statute of limitations | 5 years | ||||
| In the case of a related party transaction | |||||
| Income Taxes [Line Items] | |||||
| Unrecognized tax benefit, statute of limitations | 10 years | ||||
| Earliest Tax Year | |||||
| Income Taxes [Line Items] | |||||
| Operating loss carry forwards expiration year | 2014 | ||||
| Latest Tax Year | |||||
| Income Taxes [Line Items] | |||||
| Operating loss carry forwards expiration year | 2020 | ||||
| Inland Revenue, Hong Kong | |||||
| Income Taxes [Line Items] | |||||
| Income tax rate | 16.50% | ||||
| State Administration of Taxation, People's Republic of China | |||||
| Income Taxes [Line Items] | |||||
| Income tax rate | 25.00% | ||||
| Peoples Republic of China and Hong Kong | |||||
| Income Taxes [Line Items] | |||||
| Operating loss carry forward | 471,913,000 | ||||
| Variable Interest Entity, Primary Beneficiary | Mainland of China | |||||
| Income Taxes [Line Items] | |||||
| Undistributed earning | ¥ 1,300,000,000 | ||||
| X | ||||||||||
- Definition Dividend Withholding Tax Rate No definition available.
|
| X | ||||||||||
- Definition Income Tax Examination, Statute of Limitations Period No definition available.
|
| X | ||||||||||
- Definition Income Taxes [Line Items] No definition available.
|
| X | ||||||||||
- Definition Minimum percentage of equity interest in prc resident enterprise to be held by qualified hong kong tax resident for reduced withholding tax rate. No definition available.
|
| X | ||||||||||
- Definition Operating Loss Carryforward, Expiration Year No definition available.
|
| X | ||||||||||
- Definition Reduced withholding tax rate. No definition available.
|
| X | ||||||||||
- Definition Term of operating loss carry forward. No definition available.
|
| X | ||||||||||
- Definition Withholding income tax rate on dividends. No definition available.
|
| X | ||||||||||
- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the country of domicile. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in unrecognized tax benefits attributable to uncertain tax positions taken in tax returns. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Tax Expense Benefit (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Income Tax Disclosure [Abstract] | ||||
| Current Tax | $ 35,791 | ¥ 246,079 | ¥ 198,841 | ¥ 166,564 |
| Deferred Tax | (3,456) | (23,759) | 244 | (8,567) |
| Total | $ 32,335 | ¥ 222,320 | ¥ 199,085 | ¥ 157,997 |
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
Reconciliation Between Statutory Tax Rate to Income Before Income Taxes and Actual Provision for Income Taxes (Detail) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Income Tax Disclosure [Abstract] | |||
| PRC income tax rate | 25.00% | 25.00% | 25.00% |
| Expenses not deductible for tax purposes | 0.38% | 0.14% | 0.17% |
| Effect of tax-free investment income | (0.49%) | (2.03%) | (4.44%) |
| Effect of uncertain tax positions | (0.01%) | ||
| Effect of different tax rate of subsidiary operation in other jurisdiction | (2.54%) | (3.30%) | (3.96%) |
| Effect of deferred tax asset allowance | 1.57% | 1.07% | 4.70% |
| Effect of tax holidays | (1.00%) | (0.73%) | (1.82%) |
| Effect of intra-group share transfer | 1.96% | ||
| Effect of income from equity in Fund of Fund | 0.49% | 1.92% | |
| Effect of true-ups | (1.51%) | 0.84% | (0.20%) |
| Effect of others | 0.10% | 0.01% | 0.14% |
| Effective Income Tax Rate Reconciliation, Percent, Total | 22.00% | 22.92% | 21.54% |
| X | ||||||||||
- Definition Effective income tax rate reconciliation income from equity in fund of fund. No definition available.
|
| X | ||||||||||
- Definition Effective income tax rate reconciliation intra-group share transfer. No definition available.
|
| X | ||||||||||
- Definition Effective income tax rate reconciliation true ups. No definition available.
|
| X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax contingencies. Includes, but not limited to, domestic tax contingency, foreign tax contingency, state and local tax contingency, and other contingencies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income (loss) exempt from income taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income exempt from income tax because of a tax holiday. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
Aggregate Amount and Per Share Effect of the Tax Holiday (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
$ / shares
|
Dec. 31, 2018
CNY (¥)
¥ / shares
|
Dec. 31, 2017
CNY (¥)
¥ / shares
|
Dec. 31, 2016
CNY (¥)
¥ / shares
|
|
| Income Tax Disclosure [Abstract] | ||||
| Aggregate | $ 1,470 | ¥ 10,106 | ¥ 6,367 | ¥ 13,363 |
| Per share effect-basic | (per share) | $ 0.05 | ¥ 0.35 | ¥ 0.23 | ¥ 0.47 |
| Per share effect-diluted | (per share) | $ 0.05 | ¥ 0.33 | ¥ 0.21 | ¥ 0.44 |
| X | ||||||||||
- Definition Income Tax Holiday Income Tax Benefits Per Share Basic No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of income taxes from which a reporting entity is exempt or for which it will receive a reduction in income taxes as a result of the income tax holiday granted by the taxing jurisdiction. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Per share amount effect of the income tax benefit resulting from the income tax holidays granted by taxing jurisdictions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Principal Components of Deferred Income Tax Asset and Liabilities (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Deferred tax assets: | |||
| Accrued expenses | $ 835 | ¥ 5,743 | ¥ 37,990 |
| Tax loss carry forward | 17,159 | 117,978 | 41,185 |
| Unrealized other income | 293 | 2,012 | 2,662 |
| Others | 480 | 3,302 | |
| Gross deferred tax assets | 18,767 | 129,035 | 81,837 |
| Valuation allowance | (2,276) | (15,651) | (9,183) |
| Net deferred tax assets | 16,491 | 113,384 | 72,654 |
| Deferred tax liabilities: | |||
| Unrealized investment income | 9,758 | 67,092 | 50,121 |
| Net deferred tax liabilities (after offsetting) | $ 9,758 | ¥ 67,092 | ¥ 50,121 |
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from reserves and accruals. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from unrealized losses on trading securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from unrealized gains on trading securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Loans Receivable (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Loans receivable: | |||
| Total loans receivable | $ 90,579 | ¥ 622,775 | ¥ 768,642 |
| Allowance for loan losses | (372) | (2,556) | (3,244) |
| Loans receivable, net | 90,207 | 620,219 | 765,398 |
| Within Credit Term Loans | |||
| Loans receivable: | |||
| Total loans receivable | $ 90,579 | ¥ 622,775 | ¥ 768,642 |
| X | ||||||||||
- Definition A valuation allowance relating to a written agreement to receive money (at a specified future date(s) within one year from the reporting date (or the normal operating cycle, whichever is longer), consisting of principal as well as any accrued interest) for the portion that is expected to be uncollectible. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date(s) within one year of the balance sheet date or the normal operating cycle, whichever is longer. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the debt. The debt also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. This amount does not include amounts related to receivables held-for-sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
Loans Receivable, Net - Additional Information (Detail) ¥ in Thousands |
Dec. 31, 2018
CNY (¥)
|
|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |
| Securities received as collateral | ¥ 525,166 |
| Minimum | |
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |
| Loan interest rate | 4.00% |
| Maximum | |
| Accounts, Notes, Loans and Financing Receivable [Line Items] | |
| Loan interest rate | 18.00% |
| X | ||||||||||
- Definition Loans Receivable Interest Rate No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The carrying value as of the balance sheet date of the assets received as collateral against securities loaned to other broker-dealers. Borrowers of securities generally are required to provide collateral to the lenders of securities, commonly cash but sometimes other securities or standby letters of credit, with a value slightly higher than that of the securities borrowed. In instances where the entity is permitted to sell or re-pledge these securities, the entity reports the fair value of the collateral received and the related obligation to return the collateral as a liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Activity in Allowance for Loan Losses (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
|
| Receivables [Abstract] | ||||
| Beginning balance | $ 472 | ¥ 3,244 | $ 167 | ¥ 1,151 |
| Provisions | 372 | 2,556 | 472 | 3,244 |
| Reversal of allowance provided | (472) | (3,244) | (167) | (1,151) |
| Ending balance | $ 372 | ¥ 2,556 | $ 472 | ¥ 3,244 |
| X | ||||||||||
- Definition Allowance for Doubtful Accounts Receivable, Reversals No definition available.
|
| X | ||||||||||
- Definition Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
Convertible Notes - Additional Information (Detail) - Convertible notes (Notes) |
12 Months Ended | |||
|---|---|---|---|---|
|
Feb. 03, 2015
USD ($)
$ / shares
|
Dec. 31, 2018
USD ($)
$ / shares
shares
|
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2018
CNY (¥)
¥ / shares
|
|
| Debt Instrument [Line Items] | ||||
| Debt instrument, face amount | $ 80,000,000 | ¥ 550,000,000 | ||
| Debt instrument, interest rate | 3.50% | |||
| Debt instrument, maturity date | Feb. 03, 2020 | |||
| Debt Instrument, frequency of periodic payment | Semiannually | |||
| Debt instrument, initial conversion price | (per share) | $ 23.03 | $ 23.03 | $ 23.03 | ¥ 158.34 |
| Debt Instrument, initial conversion rate | 0.0434216 | |||
| Debt Instrument, repurchase price as a percentage of principal amount | 100.00% | |||
| Debt issuance costs | $ 0 | ¥ 0 | ||
| Number of ADS that each ordinary share represents | 2 | |||
| Portion of debt to be converted | $ | $ 10,000,000 | |||
| Amount of convertible notes converted | $ | $ 53,910,000 | $ 5,000,000 | ||
| Stock issued during period, shares, conversion of convertible securities | shares | 1,170,430 | 108,554 | ||
| American Depositary Share | ||||
| Debt Instrument [Line Items] | ||||
| Stock issued during period, shares, conversion of convertible securities | shares | 2,340,860 | 217,108 | ||
| X | ||||||||||
- Definition American Depository Shares to Shares Ratio No definition available.
|
| X | ||||||||||
- Definition Debt Instrument Repurchase Price Percentage Of Principal Amount No definition available.
|
| X | ||||||||||
- Definition The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Ratio applied to the conversion of debt instrument into equity with equity shares divided by debt principal amount. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Description of the frequency of periodic payments (monthly, quarterly, annual). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Redeemable Non-controlling Interest of a Subsidiary - Additional Information (Detail) $ in Thousands |
1 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Sep. 30, 2017
CNY (¥)
|
|
| Redeemable Noncontrolling Interest [Line Items] | |||||
| Selling price of redeemable non-controlling interest holders | $ 0 | ¥ 0 | ¥ 0 | ||
| Contract termmination settlement amount | ¥ 355,600,000 | ||||
| Beijing Sequoia Mingde Equity Investment Center (Limited Partnership) | Gopher International Limited | |||||
| Redeemable Noncontrolling Interest [Line Items] | |||||
| Percentage of equity shares sold | 8.00% | ||||
| Selling price of redeemable non-controlling interest holders | ¥ 336,000,000 | ||||
| No-interest bearing loan | ¥ 12,000,000 | ||||
| Percentage of loan covert to equity interests | 8.00% | ||||
| Compound annual interest rate | 8.00% | ||||
| Accretion to redemption value | ¥ 0 | ||||
| X | ||||||||||
- Definition Contract termination settlement amount. No definition available.
|
| X | ||||||||||
- Definition Non interest bearing loan. No definition available.
|
| X | ||||||||||
- Definition Percentage of loans convertible to equity. No definition available.
|
| X | ||||||||||
- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
|
| X | ||||||||||
- Definition Amount of increase in noncontrolling interest from subsidiary issuance of equity interests to noncontrolling interest holders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Identify the stated interest rate per the agreement, for example, leasing and debt arrangements between related parties. No definition available.
|
| X | ||||||||||
- Definition Value of accretion of temporary equity to its redemption value during the period. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Summary of Redeemable Non-controlling Interest (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Noncontrolling Interest [Abstract] | ||||
| Redeemable non-controlling interest - Beginning of the year | ¥ 330,664 | |||
| Issuance of redeemable non-controlling interest of a subsidiary | $ 0 | ¥ 0 | 0 | |
| Net income attributable to redeemable non-controlling interest of a subsidiary | 6,483 | ¥ (5,336) | ||
| Termination of redeemable non-controlling interest of a subsidiary | ¥ (337,147) | |||
| Redeemable non-controlling interest-end of the year | ¥ 330,664 | |||
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase in noncontrolling interest from subsidiary issuance of equity interests to noncontrolling interest holders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Redemption of temporary equity as the result of a triggering event associated with the temporary equity. No definition available.
|
Share Repurchase - Additional Information (Detail) ¥ in Thousands, $ in Thousands |
1 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
|
Apr. 30, 2017
USD ($)
shares
|
Apr. 30, 2017
CNY (¥)
shares
|
Dec. 31, 2017
USD ($)
shares
|
Dec. 31, 2017
CNY (¥)
shares
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2018
USD ($)
shares
|
Dec. 31, 2018
CNY (¥)
shares
|
Dec. 31, 2017
CNY (¥)
shares
|
|
| Equity, Class of Treasury Stock [Line Items] | ||||||||
| Repurchase of ordinary shares | $ 4,809 | ¥ 31,280 | ¥ 12,602 | |||||
| Treasury stock acquired, shares | 99,347 | 99,347 | ||||||
| Treasury shares canceled | 1,246,073 | 1,246,073 | ||||||
| Treasury shares canceled, value | $ 18,667 | ¥ 121,452 | ||||||
| Ordinary shares, treasury stock | 140,479 | 140,479 | 140,479 | 140,479 | ||||
| Treasury stock, value | $ 6,190 | $ 5,857 | ¥ 40,267 | ¥ 40,267 | ||||
| American Depositary Shares | ||||||||
| Equity, Class of Treasury Stock [Line Items] | ||||||||
| Treasury stock acquired, shares | 198,694 | 198,694 | ||||||
| Treasury shares canceled | 2,492,146 | 2,492,146 | ||||||
| Ordinary shares, treasury stock | 280,958 | 280,958 | ||||||
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of decrease of par value, additional paid in capital (APIC) and retained earnings of common and preferred stock retired from treasury when treasury stock is accounted for under the cost method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of shares of common and preferred stock retired from treasury during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
Share Based Compensation Expense by Type of Award (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Share-based compensation | $ 16,401 | ¥ 112,763 | ¥ 93,635 | ¥ 79,171 |
| Stock Options | ||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Share-based compensation | 6,686 | 45,973 | 51,054 | 39,008 |
| Restricted Stock | ||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Share-based compensation | $ 9,715 | ¥ 66,790 | ¥ 42,581 | ¥ 40,163 |
| X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Share-Based Compensation - Additional Information (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
$ / shares
shares
|
Dec. 31, 2018
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2017
$ / shares
shares
|
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2016
$ / shares
|
Dec. 31, 2016
CNY (¥)
¥ / shares
shares
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Weighted average grant date fair value of options granted | (per share) | $ 57.65 | ¥ 396.37 | $ 57.30 | ¥ 388.45 | $ 47.96 | ¥ 319.16 |
| Options exercised | 201,630 | 201,630 | 203,174 | 62,430 | ||
| Unrecognized compensation expense related to unvested share options | ¥ | ¥ 82,183 | |||||
| Unrecognized compensation expense, period for recognition | 2 years 7 months 24 days | 2 years 7 months 24 days | ||||
| Conversion from option | 5,748 | 5,748 | ||||
| Converted to restricted shares | 11,495 | 11,495 | ||||
| Incremental compensation cost related to plan modified | $ | $ 150,494 | |||||
| Weighted average exercise price | ¥ / shares | ¥ 233.98 | |||||
| Before Modification | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Weighted average exercise price | $ / shares | $ 56.25 | |||||
| After Modification | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Weighted average exercise price | $ / shares | $ 0 | |||||
| Restricted Stock | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Unrecognized compensation expense, period for recognition | 2 years 10 months 13 days | 2 years 10 months 13 days | ||||
| Total fair value of non-vested restricted shares | ¥ | ¥ 56,866 | ¥ 39,622 | ¥ 31,223 | |||
| Unrecognized compensation expense related to non-vested restricted shares | ¥ | ¥ 168,718 | |||||
| Stock Incentive Plan 2010 | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Maximum number of shares that may be issued as a percentage of outstanding stock | 10.00% | 10.00% | ||||
| Maximum number of shares that may be issued | 2,315,000 | |||||
| Stock Incentive Plan 2010 | Stock Options | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Stock incentive plans, term | 10 years | 10 years | ||||
| Vesting period for remaining the 75% of options granted | 36 months | 36 months | ||||
| Stock Incentive Plan 2010 | Stock Options | First anniversary of the grant date | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Stock incentive vesting ratably over the following 36 months | 25.00% | 25.00% | ||||
| Stock Incentive Plan 2010 | Stock Options | Vesting ratably over the following 36 months | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Stock incentive vesting ratably over the following 36 months | 75.00% | 75.00% | ||||
| Stock Incentive Plan 2017 | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Maximum number of shares that may be issued | 2,800,000 | 2,800,000 | ||||
| Stock Incentive Plan 2017 | Stock Options | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Stock incentive plans, term | 10 years | |||||
| Vesting period for remaining the 75% of options granted | 36 months | |||||
| Stock Incentive Plan 2017 | Stock Options | First anniversary of the grant date | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Stock incentive vesting ratably over the following 36 months | 25.00% | |||||
| Stock Incentive Plan 2017 | Stock Options | Vesting ratably over the following 36 months | ||||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
| Stock incentive vesting ratably over the following 36 months | 75.00% | |||||
| X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Award Term No definition available.
|
| X | ||||||||||
- Definition Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other than Options, Converted in Period No definition available.
|
| X | ||||||||||
- Definition Share Based Compensation Arrangement By Share Based Payment Award Options Conversions In Period. No definition available.
|
| X | ||||||||||
- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Unrecognized cost of unvested share-based awards, other than options, awarded to employees as compensation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Unrecognized cost of unvested options awarded to employees as compensation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Maximum number of shares that may be issued in accordance with the plan as a proportion of outstanding capital stock. No definition available.
|
| X | ||||||||||
- Definition An excess of the fair value of the modified award over the fair value of the award immediately before the modification. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
- Definition Percentage of vesting of share-based compensation awards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Black Scholes Pricing Model Assumptions used to Estimate Fair Value of Options Granted (Detail) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||
| Average risk-free rate of return | 2.78% | 1.93% | 1.14% |
| Weighted average expected option life | 6 years 1 month 6 days | 6 years 1 month 6 days | 6 years 1 month 6 days |
| Estimated volatility | 57.60% | 68.80% | 55.80% |
| Average dividend yield | |||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Stock Option Activity (Detail) - CNY (¥) ¥ / shares in Units, ¥ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Number of options | |||
| Outstanding as of January 1, 2018 | 689,830 | ||
| Granted | 119,850 | ||
| Exercised | (201,630) | (203,174) | (62,430) |
| Forfeited | (36,576) | ||
| Outstanding as of December 31, 2018 | 571,474 | 689,830 | |
| Exercisable as of December 31, 2018 | 216,632 | ||
| Weighted-Average Exercise Price | |||
| Outstanding as of January 1, 2018 | ¥ 273.20 | ||
| Granted | 517.45 | ||
| Exercised | 233.98 | ||
| Forfeited | 197.06 | ||
| Outstanding as of December 31, 2018 | 343.14 | ¥ 273.20 | |
| Exercisable as of December 31, 2018 | ¥ 324.84 | ||
| Weighted-Average Remaining Contractual Term | |||
| Outstanding as of January 1, 2018 | 7 years 3 months 18 days | ||
| Exercisable as of December 31, 2018 | 8 years 10 months 24 days | ||
| Aggregate Intrinsic Value of Options | |||
| Outstanding as of January 1, 2018 | ¥ 55,611 | ||
| Outstanding as of December 31, 2018 | 34,344 | ¥ 55,611 | |
| Exercisable as of December 31, 2018 | ¥ 3,034 | ||
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Abstract] No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Exercise Price [Abstract] No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Term [Abstract] No definition available.
|
| X | ||||||||||
- Definition The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Net number of share options (or share units) granted during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
- Definition Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
| X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
| X | ||||||||||
- Definition Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Summary of Non Vested Restricted Share Activity (Detail) |
12 Months Ended |
|---|---|
|
Dec. 31, 2018
¥ / shares
shares
| |
| Number of non-vested restricted shares | |
| Beginning Balance | shares | 291,589 |
| Granted | shares | 220,850 |
| Vested | shares | (133,010) |
| Forfeited | shares | (8,816) |
| Ending Balance | shares | 370,613 |
| Weighted-average grant-date fair value | |
| Beginning Balance | ¥ / shares | ¥ 319.03 |
| Granted | ¥ / shares | 638.36 |
| Vested | ¥ / shares | 427.53 |
| Forfeited | ¥ / shares | 374.79 |
| Ending Balance | ¥ / shares | ¥ 483.29 |
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Employee Benefit Plans - Additional Information (Detail) - CNY (¥) ¥ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Retirement Benefits [Abstract] | |||
| Contribution for multi-employer defined contribution plan | ¥ 203,524 | ¥ 163,234 | ¥ 140,993 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of contribution received by defined benefit plan from employer which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
Restricted Assets - Additional Information (Detail) - CNY (¥) ¥ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Workers' Compensation Insurance and Reserves [Line Items] | ||
| Profit after taxation transferred to general reserve fund | 10.00% | |
| Maximum profit after taxation transferred to general reserve fund | 50.00% | |
| General reserve fund of PRC subsidiaries | ¥ 269,652 | ¥ 250,702 |
| Restricted share capital of PRC subsidiaries | 1,501,288 | 1,315,753 |
| Restricted net assets | 1,773,440 | 1,566,455 |
| Variable Interest Entity, Primary Beneficiary | ||
| Workers' Compensation Insurance and Reserves [Line Items] | ||
| Restricted net assets | ¥ 627,567 | ¥ 453,912 |
| X | ||||||||||
- Definition Legal Reserves No definition available.
|
| X | ||||||||||
- Definition Maximum Requirement Of Each Of Entitys Subsidiaries After Tax Profits To Be Allocated To General Reserve Fund As Percentage Of Each Subsidiaries Registered Capital No definition available.
|
| X | ||||||||||
- Definition Required Percentage of Entitys After Tax Profits to Allocate to Statutory Common Reserve No definition available.
|
| X | ||||||||||
- Definition Workers' Compensation Insurance and Reserves [Line Items] No definition available.
|
| X | ||||||||||
- Definition Amount of restricted net assets of consolidated and unconsolidated subsidiaries as of the end of the most recently completed fiscal year. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Disclosure of the amount of equity that is restricted to use by regulation or agreement. No definition available.
|
| X | ||||||||||
- Details
|
Segment Information - Additional Information (Detail) |
12 Months Ended |
|---|---|
|
Dec. 31, 2018
Segment
| |
| Segment Reporting [Abstract] | |
| Number of reportable segments | 3 |
| X | ||||||||||
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
- References No definition available.
|
Segment Information (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
||||
| Revenues: | |||||||
| Total revenues | $ 481,430 | ¥ 3,310,062 | ¥ 2,846,006 | ¥ 2,561,636 | |||
| Less: business taxes and related surcharges | (2,975) | (20,454) | (19,098) | (48,064) | |||
| Net revenues | 478,455 | 3,289,608 | 2,826,908 | 2,513,572 | |||
| Operating cost and expenses: | |||||||
| Relationship manager compensation | (92,153) | (633,599) | (616,064) | (563,620) | |||
| Performance Fee Compensation | (3,080) | (21,175) | (11,291) | (8,146) | |||
| Other Compensation | (132,269) | (909,418) | (780,017) | (728,639) | |||
| Total compensation and benefits | (227,502) | (1,564,192) | (1,407,372) | (1,300,405) | |||
| Selling expenses | (60,028) | (412,720) | (320,462) | (322,667) | |||
| General and administrative expenses | (40,635) | (279,387) | (248,878) | (234,488) | |||
| Other operating expenses | (24,634) | (169,368) | (147,318) | (151,088) | |||
| Government subsidies | 9,102 | 62,583 | 74,156 | 162,365 | |||
| Total operating cost and expenses | (343,697) | (2,363,084) | (2,049,874) | (1,846,283) | |||
| Income (loss) from operations | 134,758 | 926,524 | 777,034 | 667,289 | |||
| One Time Commissions | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 106,612 | 733,009 | 541,025 | 817,324 | ||
| Total revenues from funds Gopher manages | [1] | 42,904 | 294,984 | 561,059 | 314,763 | ||
| Total revenues | 1,027,993 | ||||||
| Recurring Service Fees | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 86,373 | 593,856 | 605,092 | 535,711 | ||
| Total revenues from funds Gopher manages | [1] | 172,016 | 1,182,693 | 802,761 | 715,015 | ||
| Total revenues | 1,776,549 | ||||||
| Performance Based Income | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 6,269 | 43,101 | 86,494 | 20,390 | ||
| Total revenues from funds Gopher manages | [1] | 14,622 | 100,533 | 54,502 | 38,851 | ||
| Total revenues | 143,634 | ||||||
| Other Service | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 52,634 | 361,886 | 195,073 | 119,582 | ||
| Total revenues | 361,886 | ||||||
| Revenues from Others [Member] | |||||||
| Revenues: | |||||||
| Total revenues from others | [1] | 251,888 | 1,731,852 | 1,427,684 | 1,493,007 | ||
| Revenues from Funds Gopher Manages | |||||||
| Revenues: | |||||||
| Total revenues from funds Gopher manages | [1] | $ 229,542 | 1,578,210 | 1,418,322 | 1,068,629 | ||
| Wealth Management | |||||||
| Revenues: | |||||||
| Total revenues | 2,318,212 | 2,141,395 | 1,968,928 | ||||
| Less: business taxes and related surcharges | (12,206) | (15,128) | (37,274) | ||||
| Net revenues | 2,306,006 | 2,126,267 | 1,931,654 | ||||
| Operating cost and expenses: | |||||||
| Relationship manager compensation | (631,234) | (611,550) | (556,554) | ||||
| Other Compensation | (534,516) | (463,370) | (443,705) | ||||
| Total compensation and benefits | (1,165,750) | (1,074,920) | (1,000,259) | ||||
| Selling expenses | (367,589) | (295,798) | (280,993) | ||||
| General and administrative expenses | (164,802) | (146,122) | (120,764) | ||||
| Other operating expenses | (54,291) | (77,490) | (82,059) | ||||
| Government subsidies | 53,620 | 49,008 | 78,445 | ||||
| Total operating cost and expenses | (1,698,812) | (1,545,322) | (1,405,630) | ||||
| Income (loss) from operations | 607,194 | 580,945 | 526,024 | ||||
| Wealth Management | One Time Commissions | |||||||
| Revenues: | |||||||
| Total revenues from others | 731,424 | 539,938 | 816,139 | ||||
| Total revenues from funds Gopher manages | 292,899 | 560,047 | 311,876 | ||||
| Total revenues | 1,024,323 | ||||||
| Wealth Management | Recurring Service Fees | |||||||
| Revenues: | |||||||
| Total revenues from others | 571,782 | 577,544 | 473,796 | ||||
| Total revenues from funds Gopher manages | 564,228 | 300,352 | 287,108 | ||||
| Total revenues | 1,136,010 | ||||||
| Wealth Management | Performance Based Income | |||||||
| Revenues: | |||||||
| Total revenues from others | 42,570 | 84,105 | 11,793 | ||||
| Total revenues from funds Gopher manages | 1,739 | 9,019 | 57 | ||||
| Total revenues | 44,309 | ||||||
| Wealth Management | Other Service | |||||||
| Revenues: | |||||||
| Total revenues from others | 113,570 | 70,390 | 68,159 | ||||
| Total revenues | 113,570 | ||||||
| Wealth Management | Revenues from Others [Member] | |||||||
| Revenues: | |||||||
| Total revenues from others | 1,459,346 | 1,271,977 | 1,369,887 | ||||
| Wealth Management | Revenues from Funds Gopher Manages | |||||||
| Revenues: | |||||||
| Total revenues from funds Gopher manages | 858,866 | 869,418 | 599,041 | ||||
| Asset Management Business | |||||||
| Revenues: | |||||||
| Total revenues | 751,759 | 590,640 | 541,285 | ||||
| Less: business taxes and related surcharges | (3,228) | (2,599) | (9,475) | ||||
| Net revenues | 748,531 | 588,041 | 531,810 | ||||
| Operating cost and expenses: | |||||||
| Relationship manager compensation | (4) | (1,452) | |||||
| Performance Fee Compensation | (21,175) | (11,291) | (8,146) | ||||
| Other Compensation | (251,923) | (190,032) | (155,567) | ||||
| Total compensation and benefits | (273,098) | (201,327) | (165,165) | ||||
| Selling expenses | (22,200) | (9,271) | (16,172) | ||||
| General and administrative expenses | (80,873) | (70,618) | (77,201) | ||||
| Other operating expenses | (25,310) | (27,773) | (35,923) | ||||
| Government subsidies | 6,148 | 23,848 | 83,920 | ||||
| Total operating cost and expenses | (395,333) | (285,141) | (210,541) | ||||
| Income (loss) from operations | 353,198 | 302,900 | 321,269 | ||||
| Asset Management Business | One Time Commissions | |||||||
| Revenues: | |||||||
| Total revenues from others | 1,585 | 1,087 | 1,185 | ||||
| Total revenues from funds Gopher manages | 2,085 | 1,012 | 2,887 | ||||
| Total revenues | 3,670 | ||||||
| Asset Management Business | Recurring Service Fees | |||||||
| Revenues: | |||||||
| Total revenues from others | 22,074 | 27,548 | 61,915 | ||||
| Total revenues from funds Gopher manages | 618,465 | 502,409 | 427,907 | ||||
| Total revenues | 640,539 | ||||||
| Asset Management Business | Performance Based Income | |||||||
| Revenues: | |||||||
| Total revenues from others | 531 | 2,389 | 8,597 | ||||
| Total revenues from funds Gopher manages | 98,794 | 45,483 | 38,794 | ||||
| Total revenues | 99,325 | ||||||
| Asset Management Business | Other Service | |||||||
| Revenues: | |||||||
| Total revenues from others | 8,225 | 10,712 | |||||
| Total revenues | 8,225 | ||||||
| Asset Management Business | Revenues from Others [Member] | |||||||
| Revenues: | |||||||
| Total revenues from others | 32,415 | 41,736 | 71,697 | ||||
| Asset Management Business | Revenues from Funds Gopher Manages | |||||||
| Revenues: | |||||||
| Total revenues from funds Gopher manages | 719,344 | 548,904 | 469,588 | ||||
| Other Financial Service Business | |||||||
| Revenues: | |||||||
| Total revenues | 240,091 | 113,971 | 51,423 | ||||
| Less: business taxes and related surcharges | (5,020) | (1,371) | (1,315) | ||||
| Net revenues | 235,071 | 112,600 | 50,108 | ||||
| Operating cost and expenses: | |||||||
| Relationship manager compensation | (2,365) | (4,510) | (5,614) | ||||
| Other Compensation | (122,979) | (126,615) | (129,367) | ||||
| Total compensation and benefits | (125,344) | (131,125) | (134,981) | ||||
| Selling expenses | (22,931) | (15,393) | (25,502) | ||||
| General and administrative expenses | (33,712) | (32,138) | (36,523) | ||||
| Other operating expenses | (89,767) | (42,055) | (33,106) | ||||
| Government subsidies | 2,815 | 1,300 | |||||
| Total operating cost and expenses | (268,939) | (219,411) | (230,112) | ||||
| Income (loss) from operations | (33,868) | (106,811) | (180,004) | ||||
| Other Financial Service Business | Other Service | |||||||
| Revenues: | |||||||
| Total revenues from others | 240,091 | 113,971 | 51,423 | ||||
| Total revenues | 240,091 | ||||||
| Other Financial Service Business | Revenues from Others [Member] | |||||||
| Revenues: | |||||||
| Total revenues from others | ¥ 240,091 | ¥ 113,971 | ¥ 51,423 | ||||
| |||||||
| X | ||||||||||
- Definition Government Subsidies No definition available.
|
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of excise and sales taxes included in sales and revenues, which are then deducted as a cost of sales. Includes excise taxes, which are applied to specific types of transactions or items (such as gasoline or alcohol); and sales, use and value added taxes, which are applied to a broad class of revenue-producing transactions involving a wide range of goods and services. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of expense for salary and wage arising from service rendered by officer. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of labor-related expenses classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Revenues from operations, excluding interest and dividend income. Includes revenues from the following sources: investment banking (underwriting and financial advisory), principal transactions (sales and trading, and investment gains and losses), commissions, asset management, and investment advisory and other services. No definition available.
|
| X | ||||||||||
- Definition Amount of expense for salary and wage arising from service rendered by nonofficer and officer employees. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. No definition available.
|
| X | ||||||||||
- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Segment Information - Revenue from External Customers by Geographic Areas (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | $ 481,430 | ¥ 3,310,062 | ¥ 2,846,006 | ¥ 2,561,636 |
| Mainland of China | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 2,555,982 | 2,300,534 | 2,014,686 | |
| Hong Kong | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 751,051 | 545,472 | 546,950 | |
| Overseas | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 3,029 | |||
| Wealth Management | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 2,318,212 | 2,141,395 | 1,968,928 | |
| Wealth Management | Mainland of China | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 1,750,754 | 1,788,135 | 1,575,209 | |
| Wealth Management | Hong Kong | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 565,061 | 353,260 | 393,719 | |
| Wealth Management | Overseas | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 2,397 | |||
| Asset Management Business | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 751,759 | 590,640 | 541,285 | |
| Asset Management Business | Mainland of China | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 565,137 | 398,428 | 388,054 | |
| Asset Management Business | Hong Kong | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 185,990 | 192,212 | 153,231 | |
| Asset Management Business | Overseas | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 632 | |||
| Other Financial Service Business | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | 240,091 | 113,971 | 51,423 | |
| Other Financial Service Business | Mainland of China | ||||
| Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] | ||||
| Total revenues | ¥ 240,091 | ¥ 113,971 | ¥ 51,423 | |
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- Definition Revenue From External Customers Attributed To Foreign Countries By Geographic Area [Line Items] No definition available.
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Related Party Transactions (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| One Time Commissions | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | $ 42,904 | ¥ 294,984 | ¥ 561,060 | ¥ 321,442 |
| One Time Commissions | Gopher Asset Management Co., Ltd. | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 42,904 | 294,984 | 558,543 | 320,546 |
| One Time Commissions | One-Time Commissions Earned from Funds Subscribed by Shareholders | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 2,517 | 896 | ||
| Recurring Service Fees | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 178,469 | 1,227,061 | 860,730 | 775,726 |
| Recurring Service Fees | Gopher Asset Management Co., Ltd. | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 135,250 | 929,911 | 610,077 | 546,662 |
| Recurring Service Fees | Wanjia Win-Win | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 1,079 | 7,441 | ||
| Recurring Service Fees | Sequoia Capital Investment Management Tianjin Company Limited | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 4,801 | 33,009 | 49,425 | 42,404 |
| Recurring Service Fees | Gopher Capital GP Ltd | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 36,766 | 252,782 | 200,149 | 164,489 |
| Recurring Service Fees | Kunshan Jingzhao Equity Investment Management Co., Ltd. | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 5,449 | |||
| Recurring Service Fees | Wuhu Bona Film Investment Management Limited | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 1,235 | 8,491 | 7,728 | |
| Recurring Service Fees | Recurring Services Fee Earned from Funds Subscribed by Shareholders | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 417 | 2,868 | 1,553 | |
| Performance Based Income | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 14,622 | 100,533 | 54,502 | 39,501 |
| Performance Based Income | Gopher Asset Management Co., Ltd. | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 13,399 | 92,128 | 44,580 | 32,206 |
| Performance Based Income | Wanjia Win-Win | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 6,915 | |||
| Performance Based Income | Gopher Capital GP Ltd | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 1,223 | 8,405 | 9,922 | 380 |
| Other Service Fee | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 4,251 | 29,227 | 23,314 | 1,788 |
| Other Service Fee | Gopher Capital GP Ltd | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 1 | 82 | ||
| Other Service Fee | Other Services Subscribed by Shareholders | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | 4,251 | 29,227 | 23,313 | 1,706 |
| Revenues from Funds Gopher Manages | ||||
| Related Party Transaction [Line Items] | ||||
| Related party revenues | $ 240,246 | ¥ 1,651,805 | ¥ 1,499,606 | ¥ 1,138,457 |
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- Definition Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Amounts Due from Related Parties (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | $ 76,565 | ¥ 526,424 | ¥ 504,931 |
| Loans Receivable | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | 6,658 | 45,777 | 10,523 |
| Wanjia Win-Win | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | 40 | 277 | 5,526 |
| Gopher Asset Management Co., Ltd. | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | 68,429 | 470,481 | 448,794 |
| Gopher Asset Management Co., Ltd. | Loans Receivable | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | 4,655 | 32,007 | 10,523 |
| Kunshan Jingzhao Equity Investment Management Co., Ltd. | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | 16 | 110 | 627 |
| Wuhu Bona Film Investment Management Limited | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | 1,777 | ||
| Gopher Capital GP Ltd | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | 8,080 | 55,556 | 39,903 |
| Gopher Capital GP Ltd | Loans Receivable | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | $ 2,003 | ¥ 13,770 | |
| Shanghai Noah Rongyao Insurance Broker Co., Ltd. | |||
| Related Party Transaction [Line Items] | |||
| Amounts due from related parties | ¥ 8,304 |
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- Definition For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Deferred Revenues Related to Recurring Management Fee Received in Advance from Related Parties (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
|---|---|---|---|
| Related Party Transaction [Line Items] | |||
| Deferred revenue from related parties | $ 14,468 | ¥ 99,475 | ¥ 31,523 |
| Gopher Asset Management Co., Ltd. | |||
| Related Party Transaction [Line Items] | |||
| Deferred revenue from related parties | 12,822 | 88,158 | ¥ 31,523 |
| Wanjia Win-Win | |||
| Related Party Transaction [Line Items] | |||
| Deferred revenue from related parties | 146 | 1,006 | |
| Gopher Capital GP Ltd | |||
| Related Party Transaction [Line Items] | |||
| Deferred revenue from related parties | $ 1,500 | ¥ 10,311 |
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- Definition Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. No definition available.
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Related Party Transactions - Additional Information (Detail) - CNY (¥) ¥ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Related Party Transaction [Line Items] | |||
| Donations | ¥ 1.2 | ¥ 2.7 | ¥ 6.0 |
| Shanghai Noah Yijie Finance Technology Co., Ltd. | Shanghai Qinjie Investment | |||
| Related Party Transaction [Line Items] | |||
| Percentage of equity shares | 9.88% | ||
| Purchase price | ¥ 150.0 | ||
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- Definition Donation Payments Made During Period No definition available.
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- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Future Minimum Lease Payments Under Non-Cancelable Operating Lease (Detail) - Dec. 31, 2018 ¥ in Thousands, $ in Thousands |
USD ($) |
CNY (¥) |
|---|---|---|
| Leases [Abstract] | ||
| 2019 | $ 13,632 | ¥ 93,729 |
| 2020 | 10,539 | 72,459 |
| 2021 | 8,582 | 59,008 |
| 2022 | 7,869 | 54,103 |
| 2023 and after | 12,676 | 87,151 |
| Total | $ 53,298 | ¥ 366,450 |
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- References No definition available.
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- Definition Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Commitments and Contingencies - Additional Information (Detail) - CNY (¥) ¥ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
| Leases [Abstract] | |||
| Rental expenses | ¥ 115,529 | ¥ 93,693 | ¥ 92,972 |
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- References No definition available.
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- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Subsequent Events - Additional Information (Detail) - Convertible notes (Notes) $ / shares in Units, $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Feb. 19, 2019
USD ($)
$ / shares
shares
|
Dec. 31, 2018
USD ($)
$ / shares
shares
|
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2018
¥ / shares
|
Feb. 03, 2015
$ / shares
|
|
| Subsequent Event [Line Items] | |||||
| Amount of convertible notes converted | $ | $ 53,910 | $ 5,000 | |||
| Stock issued during period, shares, conversion of convertible securities | 1,170,430 | 108,554 | |||
| Debt instrument, initial conversion price | (per share) | $ 23.03 | $ 23.03 | ¥ 158.34 | $ 23.03 | |
| Subsequent Event | |||||
| Subsequent Event [Line Items] | |||||
| Amount of convertible notes converted | $ | $ 21,090 | ||||
| Stock issued during period, shares, conversion of convertible securities | 457,881 | ||||
| Debt instrument, initial conversion price | $ / shares | $ 23.03 | ||||
| American Depositary Share | |||||
| Subsequent Event [Line Items] | |||||
| Stock issued during period, shares, conversion of convertible securities | 2,340,860 | 217,108 | |||
| American Depositary Share | Subsequent Event | |||||
| Subsequent Event [Line Items] | |||||
| Stock issued during period, shares, conversion of convertible securities | 915,762 | ||||
| X | ||||||||||
- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
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Condensed Balance Sheets (Detail) ¥ in Thousands, $ in Thousands |
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalents | $ 393,294 | ¥ 2,704,091 | ¥ 1,906,753 | ¥ 2,982,510 | |
| Amounts due from related parties | 83,223 | 572,201 | 515,454 | ||
| Other current assets | 65,925 | 453,269 | 255,680 | ||
| Total current assets | 742,358 | 5,104,081 | 4,036,092 | ||
| Investment in subsidiaries and VIEs | 200,001 | 1,375,110 | 968,622 | ||
| Long-term investments | 149,090 | 1,025,065 | 988,266 | ||
| Non-current deferred tax assets | 16,491 | 113,384 | 72,654 | ||
| Other non-current assets | 7,266 | 49,971 | 125,871 | ||
| Total Assets | 1,165,625 | 8,014,264 | 6,494,854 | ||
| Current liabilities | |||||
| Convertible notes | 487,973 | ||||
| Other current liabilities | 105,105 | 722,652 | 489,389 | ||
| Total current liabilities | 231,412 | 1,591,073 | 1,823,327 | ||
| Convertible notes | 21,090 | 145,004 | |||
| Other non-current liabilities | 5,195 | 35,718 | 113,660 | ||
| Total Liabilities | 267,455 | 1,838,887 | 1,987,108 | ||
| Shareholders' equity | |||||
| Treasury stock (140,479 ordinary shares as of December 31, 2017 and 2018) | (5,857) | (40,267) | $ (6,190) | (40,267) | |
| Additional paid-in capital | 275,698 | 1,895,564 | 1,372,838 | ||
| Retained earnings | 573,937 | 3,946,107 | 2,883,169 | ||
| Accumulated other comprehensive income | 5,265 | 36,195 | 213,424 | ||
| Total shareholders' equity | 849,057 | 5,837,700 | 4,429,260 | ||
| Total Liabilities and Equity | 1,165,625 | 8,014,264 | 6,494,854 | ||
| Class A | |||||
| Shareholders' equity | |||||
| Ordinary shares | 10 | 73 | 67 | ||
| Class B | |||||
| Shareholders' equity | |||||
| Ordinary shares | 4 | 28 | 29 | ||
| Parent Company | |||||
| Current assets | |||||
| Cash and cash equivalents | 102,046 | 701,617 | 612,867 | ||
| Amounts due from subsidiaries and VIEs | 71,669 | 492,760 | 93,740 | ||
| Amounts due from related parties | 1,430 | 9,835 | |||
| Other current assets | 5 | 32 | 16,144 | ||
| Total current assets | 175,150 | 1,204,244 | 722,751 | ||
| Investment in subsidiaries and VIEs | 661,545 | 4,548,453 | 4,095,463 | ||
| Long-term investments | 6,287 | 43,229 | 40,978 | ||
| Investments in affiliates | 28,377 | 195,103 | 75,686 | ||
| Non-current deferred tax assets | 293 | 2,012 | 1,368 | ||
| Other non-current assets | 98 | 686 | 650 | ||
| Total Assets | 871,750 | 5,993,727 | 4,936,896 | ||
| Current liabilities | |||||
| Convertible notes | 487,973 | ||||
| Other current liabilities | 1,514 | 10,411 | 13,660 | ||
| Total current liabilities | 1,514 | 10,411 | 501,633 | ||
| Convertible notes | 21,090 | 145,004 | |||
| Other non-current liabilities | 89 | 612 | 6,003 | ||
| Total Liabilities | 22,693 | 156,027 | 507,636 | ||
| Shareholders' equity | |||||
| Treasury stock (140,479 ordinary shares as of December 31, 2017 and 2018) | (5,857) | (40,267) | (40,267) | ||
| Additional paid-in capital | 275,698 | 1,895,564 | 1,372,838 | ||
| Retained earnings | 573,937 | 3,946,107 | 2,883,169 | ||
| Accumulated other comprehensive income | 5,265 | 36,195 | 213,424 | ||
| Total shareholders' equity | 849,057 | 5,837,700 | 4,429,260 | ||
| Total Liabilities and Equity | 871,750 | 5,993,727 | 4,936,896 | ||
| Parent Company | Class A | |||||
| Shareholders' equity | |||||
| Ordinary shares | 10 | 73 | 67 | ||
| Parent Company | Class B | |||||
| Shareholders' equity | |||||
| Ordinary shares | $ 4 | ¥ 28 | ¥ 29 |
| X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of long-term debt (with maturities initially due after one year or beyond the operating cycle if longer) identified as Convertible Notes Payable, excluding current portion. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of receivables due from an entity that is affiliated with the reporting entity by means of direct or indirect ownership, due within 1 year (or 1 business cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of investment in equity method investee and investment in and advance to affiliate. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of the investment at close of period. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The total amount of investments that are intended to be held for an extended period of time (longer than one operating cycle). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of current assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Condensed Balance Sheets (Parenthetical) (Detail) |
Dec. 31, 2018
$ / shares
shares
|
Dec. 31, 2018
¥ / shares
shares
|
Dec. 31, 2017
$ / shares
shares
|
Dec. 31, 2017
¥ / shares
shares
|
|---|---|---|---|---|
| Condensed Financial Statements, Captions [Line Items] | ||||
| Ordinary shares, treasury stock | 140,479 | 140,479 | 140,479 | 140,479 |
| Class A | ||||
| Condensed Financial Statements, Captions [Line Items] | ||||
| Ordinary shares, par value | (per share) | $ 0.0005 | ¥ 0.0005 | ¥ 0.0005 | |
| Ordinary shares, shares authorized | 91,394,900 | 91,394,900 | 91,394,900 | 91,394,900 |
| Ordinary shares, shares issued | 21,890,253 | 21,890,253 | 20,235,183 | 20,235,183 |
| Ordinary shares, shares outstanding | 21,749,774 | 21,749,774 | 20,094,704 | 20,094,704 |
| Class B | ||||
| Condensed Financial Statements, Captions [Line Items] | ||||
| Ordinary shares, par value | (per share) | $ 0.0005 | ¥ 0.0005 | ¥ 0.0005 | |
| Ordinary shares, shares authorized | 8,605,100 | 8,605,100 | 8,605,100 | 8,605,100 |
| Ordinary shares, shares issued | 8,315,000 | 8,315,000 | 8,465,000 | 8,465,000 |
| Ordinary shares, shares outstanding | 8,315,000 | 8,315,000 | 8,465,000 | 8,465,000 |
| Parent Company | ||||
| Condensed Financial Statements, Captions [Line Items] | ||||
| Ordinary shares, treasury stock | 140,479 | 140,479 | 140,479 | 140,479 |
| Parent Company | Class A | ||||
| Condensed Financial Statements, Captions [Line Items] | ||||
| Ordinary shares, par value | $ / shares | $ 0.0005 | $ 0.0005 | ||
| Ordinary shares, shares authorized | 91,394,900 | 91,394,900 | 91,394,900 | 91,394,900 |
| Ordinary shares, shares issued | 21,890,253 | 21,890,253 | 20,235,183 | 20,235,183 |
| Ordinary shares, shares outstanding | 21,749,774 | 21,749,774 | 20,094,704 | 20,094,704 |
| Parent Company | Class B | ||||
| Condensed Financial Statements, Captions [Line Items] | ||||
| Ordinary shares, par value | $ / shares | $ 0.0005 | $ 0.0005 | ||
| Ordinary shares, shares authorized | 8,605,100 | 8,605,100 | 8,605,100 | 8,605,100 |
| Ordinary shares, shares issued | 8,315,000 | 8,315,000 | 8,465,000 | 8,465,000 |
| Ordinary shares, shares outstanding | 8,315,000 | 8,315,000 | 8,465,000 | 8,465,000 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Condensed Statement of Operations (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Condensed Financial Statements, Captions [Line Items] | ||||
| Net revenues | $ 478,455 | ¥ 3,289,608 | ¥ 2,826,908 | ¥ 2,513,572 |
| Operating cost and expenses | ||||
| Compensation and benefits | 227,502 | 1,564,192 | 1,407,372 | 1,300,405 |
| Selling expenses | 60,028 | 412,720 | 320,462 | 322,667 |
| General and administrative expenses | 40,635 | 279,387 | 248,878 | 234,488 |
| Total operating cost and expenses | 343,697 | 2,363,084 | 2,049,874 | 1,846,283 |
| Loss from operations | (134,758) | (926,524) | (777,034) | (667,289) |
| Other income (expenses): | ||||
| Interest expense | (1,459) | (10,028) | (24,128) | (19,289) |
| Investment income | 7,070 | 48,616 | 67,343 | 48,537 |
| Other (expenses) income | (3,397) | (23,356) | 3,542 | (2,531) |
| Total other income | 12,372 | 85,073 | 91,777 | 66,256 |
| Income before taxes and income from equity in affiliates | 147,130 | 1,011,597 | 868,811 | 733,545 |
| Income tax expenses/(benefit) | (32,335) | (222,320) | (199,085) | (157,997) |
| Equity in profit of subsidiaries and VIEs | 2,104 | 14,469 | 92,136 | 22,343 |
| Net income attributable to Noah Holdings Limited shareholders | 117,997 | 811,297 | 762,923 | 643,829 |
| Parent Company | ||||
| Condensed Financial Statements, Captions [Line Items] | ||||
| Net revenues | 0 | 0 | 0 | 0 |
| Operating cost and expenses | ||||
| Compensation and benefits | 1,764 | 12,127 | 8,819 | 9,828 |
| Selling expenses | 144 | 990 | 34 | 90 |
| General and administrative expenses | 1,039 | 7,143 | 2,407 | 4,368 |
| Total operating cost and expenses | 2,947 | 20,260 | 11,260 | 14,286 |
| Loss from operations | 2,947 | 20,260 | 11,260 | 14,286 |
| Other income (expenses): | ||||
| Interest income | 1,950 | 13,410 | 1,485 | 10,413 |
| Interest expense | (990) | (6,807) | (20,858) | (19,289) |
| Investment income | 8,579 | 58,988 | 886 | |
| Other (expenses) income | (253) | (1,741) | 5,940 | (969) |
| Total other income | 9,286 | 63,850 | (12,547) | (9,845) |
| Income before taxes and income from equity in affiliates | 6,339 | 43,590 | (23,807) | (24,131) |
| Income tax expenses/(benefit) | 507 | 3,488 | (4,481) | 3,299 |
| Income from equity in affiliates | 2,378 | 16,351 | 17,779 | 1,394 |
| Equity in profit of subsidiaries and VIEs | 108,773 | 747,868 | 773,432 | 663,267 |
| Net income attributable to Noah Holdings Limited shareholders | $ 117,997 | ¥ 811,297 | ¥ 762,923 | ¥ 643,829 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of expenses related to the generation of investment income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
Condensed Statement of Comprehensive Income (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|
| Condensed Statement of Income Captions [Line Items] | ||||
| Net income | $ 117,997 | ¥ 811,297 | ¥ 762,923 | ¥ 643,829 |
| Other comprehensive income, net of tax | ||||
| Change in cumulative foreign currency translation adjustment | 11,018 | 75,752 | (33,876) | 19,242 |
| Fair value fluctuation of available-for-sale investment (Note 5) | (51) | (349) | 250,425 | (4,710) |
| Fair value fluctuation of available-for-sale investment of affiliates | (157) | (1,080) | 2,281 | 1,709 |
| Other comprehensive income | 10,810 | 74,323 | 218,830 | 16,241 |
| Comprehensive income | 127,709 | 878,069 | 980,692 | 614,132 |
| Parent Company | ||||
| Condensed Statement of Income Captions [Line Items] | ||||
| Net income | 117,997 | 811,297 | 762,923 | 643,829 |
| Other comprehensive income, net of tax | ||||
| Change in cumulative foreign currency translation adjustment | 11,031 | 75,839 | (33,845) | 19,324 |
| Fair value fluctuation of available-for-sale investment (Note 5) | (51) | (349) | 250,425 | (4,710) |
| Fair value fluctuation of available-for-sale investment of affiliates | (157) | (1,080) | 2,281 | 1,709 |
| Other comprehensive income | 10,823 | 74,410 | 218,861 | 16,323 |
| Comprehensive income | $ 128,820 | ¥ 885,707 | ¥ 981,784 | ¥ 660,152 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities, attributable to noncontrolling interest. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
Condensed Statements of Cash flows (Detail) ¥ in Thousands, $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 31, 2018
USD ($)
|
Dec. 31, 2018
CNY (¥)
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2016
CNY (¥)
|
|||
| Cash flows from operating activities: | ||||||
| Net income attributable to Noah shareholders | $ 117,997 | ¥ 811,297 | ¥ 762,923 | ¥ 643,829 | ||
| Adjustment to reconcile net income to net cash provided by operating activities: | ||||||
| Share-based compensation | 16,401 | 112,763 | 93,635 | 79,171 | ||
| Gain from equity in subsidiaries and VIEs | (2,104) | (14,469) | (92,136) | (22,343) | ||
| Changes in operating assets and liabilities: | ||||||
| Amount due from related parties | (8,254) | (56,747) | (173,775) | (94,108) | ||
| Other current assets | 2,692 | 18,512 | (96,470) | (13,637) | ||
| Deferred tax assets | (5,924) | (40,730) | (16,928) | (12,566) | ||
| Other current liabilities | 29,329 | 201,644 | 124,293 | (25,235) | ||
| Other non-current liabilities | (11,336) | (77,942) | 31,882 | (1,091) | ||
| Net cash provided by operating activities | 149,718 | 1,029,386 | 628,383 | 686,247 | ||
| Cash flows from investing activities: | ||||||
| Investment in subsidiaries and VIEs | (137,661) | (946,491) | (341,951) | (192,387) | ||
| Net cash used in investing activities | (57,549) | (395,677) | (833,857) | (883,793) | ||
| Cash flows from financing activities: | ||||||
| Proceeds from issuance of ordinary shares upon exercise of stock options | 6,675 | 45,896 | 19,692 | 4,539 | ||
| Share repurchase | (31,288) | (12,602) | ||||
| Net cash provided by (used in) financing activities | 15,973 | 109,825 | (791,789) | 994,635 | ||
| Effect of exchange rate changes | 8,190 | 56,304 | (79,494) | 52,497 | ||
| Net increase in cash and cash equivalents | 116,332 | 799,838 | (1,076,757) | 849,586 | ||
| Cash and cash equivalents-beginning of year | 277,326 | 1,906,753 | 2,983,510 | 2,133,924 | ||
| Cash and cash equivalents-end of year | 393,658 | 2,706,591 | 1,906,753 | 2,983,510 | ||
| Variable Interest Entity, Primary Beneficiary | ||||||
| Cash flows from operating activities: | ||||||
| Net income attributable to Noah shareholders | 44,636 | 306,912 | 147,483 | 22,122 | ||
| Changes in operating assets and liabilities: | ||||||
| Net cash provided by operating activities | [1] | 62,397 | 429,008 | 426,663 | (316,765) | |
| Cash flows from investing activities: | ||||||
| Net cash used in investing activities | (55,171) | (379,327) | (372,590) | 28,995 | ||
| Cash flows from financing activities: | ||||||
| Net cash provided by (used in) financing activities | 2,067 | 14,210 | 15,680 | 14,856 | ||
| Parent Company | ||||||
| Cash flows from operating activities: | ||||||
| Net income attributable to Noah shareholders | 117,997 | 811,297 | 762,923 | 643,829 | ||
| Adjustment to reconcile net income to net cash provided by operating activities: | ||||||
| Share-based compensation | 1,764 | 12,127 | 8,819 | 9,828 | ||
| Gain from equity in subsidiaries and VIEs | (108,773) | (747,868) | (773,432) | (663,267) | ||
| Equity in income of affiliates | (2,378) | (16,351) | (17,779) | |||
| Changes in operating assets and liabilities: | ||||||
| Amount due from related parties | (1,430) | (9,835) | ||||
| Other current assets | 2,338 | 16,076 | 16,721 | (1,722) | ||
| Deferred tax assets | (94) | (644) | 1,427 | 940 | ||
| Other current liabilities | (473) | (3,249) | 3,217 | (4,857) | ||
| Other non-current liabilities | (784) | (5,391) | (2,768) | (1,091) | ||
| Net cash provided by operating activities | (35,231) | (242,222) | 334,192 | 22,672 | ||
| Cash flows from investing activities: | ||||||
| Investment in subsidiaries and VIEs | 42,888 | 294,878 | ||||
| Increase in investment in affiliates | (14,990) | (103,066) | (16,962) | (27,702) | ||
| Net cash used in investing activities | 27,898 | 191,812 | (16,962) | (27,702) | ||
| Cash flows from financing activities: | ||||||
| Proceeds from issuance of ordinary shares upon exercise of stock options | 6,675 | 45,894 | 19,692 | 4,539 | ||
| Share repurchase | (31,288) | (12,602) | ||||
| Net cash provided by (used in) financing activities | 6,675 | 45,894 | (11,596) | (8,063) | ||
| Effect of exchange rate changes | 13,566 | 93,266 | (57,631) | 56,539 | ||
| Net increase in cash and cash equivalents | 12,908 | 88,750 | 248,003 | 43,446 | ||
| Cash and cash equivalents-beginning of year | 89,138 | 612,867 | 364,864 | 321,418 | ||
| Cash and cash equivalents-end of year | 102,046 | 701,617 | 612,867 | 364,864 | ||
| Parent Company | Variable Interest Entity, Primary Beneficiary | ||||||
| Changes in operating assets and liabilities: | ||||||
| Amount due from related parties | $ (43,398) | ¥ (298,384) | ¥ 335,064 | ¥ 39,012 | ||
| ||||||
| X | ||||||||||
- Definition Equity In Earnings Losses Of Affiliates No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate increase (decrease) during the reporting period in the amount due from the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in current assets classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in current liabilities classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in noncurrent operating liabilities classified as other. No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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