NYSE : CNF
CNFinance Holdings Limited — Financial statements
Financials · Mortgage Finance · China
Last price 1.95 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 32.87M
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Financial statements
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 249.62M | 575.78M | 1.54B | 1.75B | 1.73B | 1.82B |
| Total Interest Expense | 418.05M | 511.87M | 794.52M | 723.08M | 784.78M | 775.57M |
| Net Interest Income | -168.43M | 63.92M | 744.10M | 1.03B | 946.58M | 1.04B |
| Gain (Loss) on Sale of Loans & Receivables | -11.80M | -20.97M | -6.50M | -17.19M | -44.55M | -479.58M |
| Gain (Loss) on Sale of Investments | 3.15M | -971.73K | -4.13M | 783.37K | 20.20M | 20.27M |
| Other Revenue | 37.20M | 37.20M | -3.01M | 6.75M | 11.57M | 7.77M |
| Revenue Before Loan Losses | -139.88M | 79.18M | 730.47M | 1.02B | 933.80M | 588.66M |
| Provision for Loan Losses | 790.38M | 480.93M | 105.22M | 177.28M | 238.08M | -298.47M |
| Revenue | -930.26M | -401.75M | 625.25M | 844.57M | 695.71M | 887.13M |
| Salaries & Employee Benefits | 66.00M | 91.21M | 155.74M | 204.57M | 197.04M | 211.17M |
| Cost of Services Provided | 16.92M | 65.77M | 282.23M | 409.70M | 367.21M | 469.67M |
| Other Operating Expenses | 39.64M | 50.38M | 208.33M | 100.90M | 10.31M | 75.63M |
| Total Operating Expenses | 122.57M | 207.37M | 661.19M | 722.69M | 580.32M | 775.23M |
| Operating Income | -1.05B | -609.12M | -35.93M | 121.88M | 115.39M | 111.90M |
| Currency Exchange Gain (Loss) | 5.67M | 5.67M | 5.93M | 3.59M | 7.36M | 786.08K |
| EBT Excluding Unusual Items | -1.03B | -583.49M | 67.13M | 213.40M | 180.30M | 112.79M |
| Gain (Loss) on Sale of Investments | -5.91M | |||||
| Pretax Income | -1.03B | -584.10M | 48.29M | 205.63M | 172.58M | 93.77M |
| Income Tax Expense | -196.37M | -113.70M | 10.50M | 41.02M | 37.23M | 28.56M |
| Net Income | -829.50M | -470.39M | 37.78M | 164.62M | 135.35M | 65.21M |
| Net Income to Common | -829.50M | -470.39M | 37.78M | 164.62M | 135.35M | 65.21M |
| Shares Outstanding (Basic) | 8.49M | 6.86M | 6.86M | 6.86M | 6.86M | 6.86M |
| Shares Outstanding (Diluted) | 8.49M | 6.86M | 6.86M | 7.23M | 7.64M | 7.63M |
| EPS (Basic) | -97.73 | -68.59 | 5.51 | 24.00 | 19.74 | 9.51 |
| EPS (Diluted) | -97.73 | -68.59 | 5.51 | 22.00 | 18.00 | 9.51 |
| Free Cash Flow | 80.88M | 749.28M | 1.59B | 829.36M | 685.89M | |
| Free Cash Flow Per Share | 11.79 | 109.25 | 220.11 | 108.62 | 89.90 | |
| Operating Margin | -5.75% | 14.43% | 16.59% | 12.61% | ||
| Profit Margin | 6.04% | 19.49% | 19.45% | 7.35% | ||
| Free Cash Flow Margin | 119.84% | 188.41% | 119.21% | 77.31% | ||
| Effective Tax Rate | 21.75% | 19.95% | 21.57% | 30.46% |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 252.35M | 338.19M | 1.17B | 2.00B | 1.77B | 2.23B |
| Long-Term Investments | 277.38M | 273.44M | 280.11M | 452.09M | 567.65M | 1.11B |
| Loans & Lease Receivables | 1.78B | 2.18B | 6.91B | 9.11B | 8.74B | 8.44B |
| Other Receivables | 732.16M | 509.46M | 361.62M | 170.42M | 271.35M | |
| Property, Plant & Equipment | 187.55M | 189.46M | 212.53M | 35.99M | 32.06M | 19.24M |
| Other Intangible Assets | 3.08M | 3.01M | 3.49M | 4.01M | ||
| Other Current Assets | 84.29M | 1.07B | 1.14B | 966.29M | 545.59M | 266.43M |
| Long-Term Deferred Tax Assets | 339.14M | 318.35M | 131.11M | 92.22M | 76.90M | 21.07M |
| Other Long-Term Assets | 3.11B | 1.65B | 1.13B | 875.03M | 726.41M | 928.31M |
| Total Assets | 9.12B | 10.25B | 15.03B | 16.36B | 14.48B | 14.39B |
| Accrued Expenses | 4.93M | 18.43M | 76.95M | 100.01M | 123.12M | 100.75M |
| Short-Term Debt | 2.62B | 2.77B | 1.67B | 686.58M | 112.64M | 45.25M |
| Current Portion of Long-Term Debt | 454.46M | 5.35B | 6.43B | 5.68B | 4.65B | |
| Long-Term Debt | 402.58M | 218.68M | 578.41M | 1.82B | 2.05B | 3.39B |
| Long-Term Leases | 12.24M | 12.24M | 21.39M | 26.07M | 28.58M | 15.52M |
| Long-Term Unearned Revenue | 59.97M | 30.61M | 39.64M | 35.65M | 53.13M | |
| Current Income Taxes Payable | 200.70M | 259.79M | 199.76M | 181.03M | 186.90M | 154.96M |
| Other Current Liabilities | 9.86M | 9.62M | 3.64M | 9.86M | 2.78M | |
| Long-Term Deferred Tax Liabilities | 69.14M | 80.74M | 73.42M | 72.58M | 73.75M | 151.83M |
| Other Long-Term Liabilities | 2.64B | 2.79B | 2.96B | 3.00B | 2.25B | 2.00B |
| Total Liabilities | 5.95B | 6.67B | 10.97B | 12.36B | 10.54B | 10.57B |
| Common Stock | 2.27M | 916.74K | 916.74K | 916.74K | 916.74K | 916.74K |
| Additional Paid-In Capital | 1.05B | 1.05B | 1.05B | 1.03B | 1.02B | 1.02B |
| Retained Earnings | 2.27B | 2.67B | 3.14B | 3.10B | 2.96B | 2.82B |
| Comprehensive Income & Other | -21.56M | -13.56M | -8.82M | -9.34M | -10.21M | -25.39M |
| Total Common Equity | 3.17B | 3.58B | 4.06B | 4.01B | 3.89B | 3.82B |
| Minority Interest | 51.72M | |||||
| Shareholders' Equity | 3.17B | 3.58B | 4.06B | 4.01B | 3.94B | 3.82B |
| Total Liabilities & Equity | 9.12B | 10.25B | 15.03B | 16.36B | 14.48B | 14.39B |
| Total Debt | 3.03B | 3.45B | 7.62B | 8.96B | 7.87B | 8.10B |
| Net Cash (Debt) | -2.78B | -3.11B | -6.45B | -6.95B | -6.10B | -5.87B |
| Net Cash Per Share | -327.32 | -454.00 | -940.99 | -961.99 | -798.46 | -769.55 |
| Filing Date Shares Outstanding | 16.86M | 6.86M | 6.86M | 6.86M | 6.86M | 6.86M |
| Total Common Shares Outstanding | 16.86M | 6.86M | 6.86M | 6.86M | 6.86M | 6.86M |
| Working Capital | 2.39B | 4.31B | 5.96B | 7.51B | 6.97B | 7.34B |
| Book Value Per Share | 188.31 | 522.10 | 591.63 | 584.54 | 566.62 | 556.75 |
| Tangible Book Value | 3.17B | 3.58B | 4.05B | 4.01B | 3.88B | 3.81B |
| Tangible Book Value Per Share | 188.31 | 522.10 | 591.19 | 584.10 | 566.11 | 556.16 |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -470.39M | 37.78M | 164.62M | 135.35M | 65.21M | |
| Depreciation & Amortization | 15.98M | 11.54M | 1.75M | 2.24M | 3.82M | |
| Gain on Sale of Loans & Receivables | 20.97M | 6.50M | 17.19M | 44.55M | 479.58M | |
| Loss (Gain) From Sale of Investments | 971.73K | -4.13M | 13.20M | 362.86K | -1.10M | |
| Provision for Credit Losses | 480.93M | 105.22M | 177.28M | 238.08M | -298.47M | |
| Stock-Based Compensation | 14.90M | 7.52M | 5.77M | 18.77M | ||
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 605.46M | 1.01B | 1.27B | 964.56M | 553.00M | |
| Change in Other Net Operating Assets | -383.88M | -382.31M | 77.04M | -330.44M | 59.35M | |
| Other Operating Activities | -185.59M | -43.98M | -20.08M | -141.27M | -190.80M | |
| Operating Cash Flow | 84.45M | 757.23M | 1.71B | 919.25M | 689.69M | |
| Capital Expenditures | -3.57M | -7.95M | -114.50M | -89.89M | -3.81M | |
| Sale of Property, Plant & Equipment | 446.70K | 833.52K | 38.91K | 319.54K | 550.67K | |
| Divestitures | 50.00M | |||||
| Investment in Securities | 23.47M | 183.80M | 108.63M | 409.84M | -529.81M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 3.25B | -440.36M | -2.48B | -1.47B | -1.82B | |
| Other Investing Activities | 1.00 | |||||
| Investing Cash Flow | 3.27B | -263.67M | -2.48B | -1.10B | -2.35B | |
| Long-Term Debt Issued | 2.78B | 9.49B | 10.40B | 6.08B | 7.07B | |
| Long-Term Debt Repaid | -6.96B | -10.82B | -9.29B | -6.33B | -5.14B | |
| Net Debt Issued (Repaid) | -4.18B | -1.33B | 1.11B | -251.27M | 1.93B | |
| Repurchase of Common Stock | -1.78M | -4.58M | -30.69M | -87.63M | ||
| Other Financing Activities | -71.10M | 50.75M | ||||
| Financing Cash Flow | -4.19B | -1.33B | 1.01B | -288.16M | 1.93B | |
| Foreign Exchange Rate Adjustments | -4.74M | 7.41M | 2.03M | 7.85M | -1.19M | |
| Net Cash Flow | -832.20M | -831.22M | 229.42M | -459.25M | 270.51M | |
| Free Cash Flow | 80.88M | 749.28M | 1.59B | 829.36M | 685.89M | |
| Free Cash Flow Margin | 119.84% | 188.41% | 119.21% | 77.31% | ||
| Free Cash Flow Per Share | 11.79 | 109.25 | 220.11 | 108.62 | 89.90 | |
| Cash Interest Paid | 469.99M | 776.33M | 726.29M | 792.79M | 832.74M | |
| Cash Income Tax Paid | 4.64M | 27.70M | 63.46M | 139.21M | 153.49M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 32.87M | 41.49M | 65.15M | 152.25M | 117.28M | 279.82M |
| PE Ratio | 12.59 | 6.56 | 5.98 | 27.26 | ||
| PS Ratio | -0.72 | 0.76 | 1.28 | 1.16 | 2.00 | |
| PB Ratio | 0.07 | 0.08 | 0.12 | 0.27 | 0.20 | 0.47 |
| P/FCF Ratio | 2.71 | 3.59 | 0.64 | 0.68 | 0.97 | 2.59 |
| P/OCF Ratio | 3.44 | 0.63 | 0.63 | 0.88 | 2.58 | |
| Debt / Equity Ratio | 0.95 | 0.96 | 1.88 | 2.23 | 2.00 | 2.12 |
| Debt / FCF Ratio | 42.68 | 10.18 | 5.63 | 9.49 | 11.81 | |
| Net Debt / Equity Ratio | 0.88 | 0.87 | 1.59 | 1.74 | 1.55 | 1.54 |
| Net Debt / FCF Ratio | 38.50 | 8.61 | 4.37 | 7.35 | 8.56 | |
| Quick Ratio | 0.72 | 0.93 | 1.18 | 1.55 | 1.75 | 2.21 |
| Current Ratio | 1.85 | 2.23 | 1.81 | 2.01 | 2.14 | 2.48 |
| Asset Turnover | 0.04 | 0.06 | 0.05 | 0.07 | ||
| Return on Equity (ROE) | -23.02% | -12.32% | 0.94% | 4.14% | 3.49% | 1.73% |
| Return on Assets (ROA) | -7.67% | -3.72% | 0.24% | 1.07% | 0.94% | 0.49% |
| Return on Invested Capital (ROIC) | -16.97% | -6.51% | -0.23% | 0.79% | 0.76% | 0.71% |
| Earnings Yield | -737.84% | -162.09% | 7.95% | 15.25% | 16.73% | 3.67% |
| FCF Yield | 36.96% | 27.87% | 157.56% | 147.39% | 102.53% | 38.59% |
| Buyback Yield / Dilution | -17.45% | 5.14% | 5.32% | -0.08% | -0.04% |