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.

TTMFY2025FY2024FY2023FY2022FY2021
Interest and Dividend Income249.62M575.78M1.54B1.75B1.73B1.82B
Total Interest Expense418.05M511.87M794.52M723.08M784.78M775.57M
Net Interest Income-168.43M63.92M744.10M1.03B946.58M1.04B
Gain (Loss) on Sale of Loans & Receivables-11.80M-20.97M-6.50M-17.19M-44.55M-479.58M
Gain (Loss) on Sale of Investments3.15M-971.73K-4.13M783.37K20.20M20.27M
Other Revenue37.20M37.20M-3.01M6.75M11.57M7.77M
Revenue Before Loan Losses-139.88M79.18M730.47M1.02B933.80M588.66M
Provision for Loan Losses790.38M480.93M105.22M177.28M238.08M-298.47M
Revenue-930.26M-401.75M625.25M844.57M695.71M887.13M
Salaries & Employee Benefits66.00M91.21M155.74M204.57M197.04M211.17M
Cost of Services Provided16.92M65.77M282.23M409.70M367.21M469.67M
Other Operating Expenses39.64M50.38M208.33M100.90M10.31M75.63M
Total Operating Expenses122.57M207.37M661.19M722.69M580.32M775.23M
Operating Income-1.05B-609.12M-35.93M121.88M115.39M111.90M
Currency Exchange Gain (Loss)5.67M5.67M5.93M3.59M7.36M786.08K
EBT Excluding Unusual Items-1.03B-583.49M67.13M213.40M180.30M112.79M
Gain (Loss) on Sale of Investments-5.91M
Pretax Income-1.03B-584.10M48.29M205.63M172.58M93.77M
Income Tax Expense-196.37M-113.70M10.50M41.02M37.23M28.56M
Net Income-829.50M-470.39M37.78M164.62M135.35M65.21M
Net Income to Common-829.50M-470.39M37.78M164.62M135.35M65.21M
Shares Outstanding (Basic)8.49M6.86M6.86M6.86M6.86M6.86M
Shares Outstanding (Diluted)8.49M6.86M6.86M7.23M7.64M7.63M
EPS (Basic)-97.73-68.595.5124.0019.749.51
EPS (Diluted)-97.73-68.595.5122.0018.009.51
Free Cash Flow80.88M749.28M1.59B829.36M685.89M
Free Cash Flow Per Share11.79109.25220.11108.6289.90
Operating Margin-5.75%14.43%16.59%12.61%
Profit Margin6.04%19.49%19.45%7.35%
Free Cash Flow Margin119.84%188.41%119.21%77.31%
Effective Tax Rate21.75%19.95%21.57%30.46%

Balance sheet

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents252.35M338.19M1.17B2.00B1.77B2.23B
Long-Term Investments277.38M273.44M280.11M452.09M567.65M1.11B
Loans & Lease Receivables1.78B2.18B6.91B9.11B8.74B8.44B
Other Receivables732.16M509.46M361.62M170.42M271.35M
Property, Plant & Equipment187.55M189.46M212.53M35.99M32.06M19.24M
Other Intangible Assets3.08M3.01M3.49M4.01M
Other Current Assets84.29M1.07B1.14B966.29M545.59M266.43M
Long-Term Deferred Tax Assets339.14M318.35M131.11M92.22M76.90M21.07M
Other Long-Term Assets3.11B1.65B1.13B875.03M726.41M928.31M
Total Assets9.12B10.25B15.03B16.36B14.48B14.39B
Accrued Expenses4.93M18.43M76.95M100.01M123.12M100.75M
Short-Term Debt2.62B2.77B1.67B686.58M112.64M45.25M
Current Portion of Long-Term Debt454.46M5.35B6.43B5.68B4.65B
Long-Term Debt402.58M218.68M578.41M1.82B2.05B3.39B
Long-Term Leases12.24M12.24M21.39M26.07M28.58M15.52M
Long-Term Unearned Revenue59.97M30.61M39.64M35.65M53.13M
Current Income Taxes Payable200.70M259.79M199.76M181.03M186.90M154.96M
Other Current Liabilities9.86M9.62M3.64M9.86M2.78M
Long-Term Deferred Tax Liabilities69.14M80.74M73.42M72.58M73.75M151.83M
Other Long-Term Liabilities2.64B2.79B2.96B3.00B2.25B2.00B
Total Liabilities5.95B6.67B10.97B12.36B10.54B10.57B
Common Stock2.27M916.74K916.74K916.74K916.74K916.74K
Additional Paid-In Capital1.05B1.05B1.05B1.03B1.02B1.02B
Retained Earnings2.27B2.67B3.14B3.10B2.96B2.82B
Comprehensive Income & Other-21.56M-13.56M-8.82M-9.34M-10.21M-25.39M
Total Common Equity3.17B3.58B4.06B4.01B3.89B3.82B
Minority Interest51.72M
Shareholders' Equity3.17B3.58B4.06B4.01B3.94B3.82B
Total Liabilities & Equity9.12B10.25B15.03B16.36B14.48B14.39B
Total Debt3.03B3.45B7.62B8.96B7.87B8.10B
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 Outstanding16.86M6.86M6.86M6.86M6.86M6.86M
Total Common Shares Outstanding16.86M6.86M6.86M6.86M6.86M6.86M
Working Capital2.39B4.31B5.96B7.51B6.97B7.34B
Book Value Per Share188.31522.10591.63584.54566.62556.75
Tangible Book Value3.17B3.58B4.05B4.01B3.88B3.81B
Tangible Book Value Per Share188.31522.10591.19584.10566.11556.16

Cash flow statement

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-470.39M37.78M164.62M135.35M65.21M
Depreciation & Amortization15.98M11.54M1.75M2.24M3.82M
Gain on Sale of Loans & Receivables20.97M6.50M17.19M44.55M479.58M
Loss (Gain) From Sale of Investments971.73K-4.13M13.20M362.86K-1.10M
Provision for Credit Losses480.93M105.22M177.28M238.08M-298.47M
Stock-Based Compensation14.90M7.52M5.77M18.77M
Net Decrease (Increase) in Loans Originated / Sold - Operating605.46M1.01B1.27B964.56M553.00M
Change in Other Net Operating Assets-383.88M-382.31M77.04M-330.44M59.35M
Other Operating Activities-185.59M-43.98M-20.08M-141.27M-190.80M
Operating Cash Flow84.45M757.23M1.71B919.25M689.69M
Capital Expenditures-3.57M-7.95M-114.50M-89.89M-3.81M
Sale of Property, Plant & Equipment446.70K833.52K38.91K319.54K550.67K
Divestitures50.00M
Investment in Securities23.47M183.80M108.63M409.84M-529.81M
Net Decrease (Increase) in Loans Originated / Sold - Investing3.25B-440.36M-2.48B-1.47B-1.82B
Other Investing Activities1.00
Investing Cash Flow3.27B-263.67M-2.48B-1.10B-2.35B
Long-Term Debt Issued2.78B9.49B10.40B6.08B7.07B
Long-Term Debt Repaid-6.96B-10.82B-9.29B-6.33B-5.14B
Net Debt Issued (Repaid)-4.18B-1.33B1.11B-251.27M1.93B
Repurchase of Common Stock-1.78M-4.58M-30.69M-87.63M
Other Financing Activities-71.10M50.75M
Financing Cash Flow-4.19B-1.33B1.01B-288.16M1.93B
Foreign Exchange Rate Adjustments-4.74M7.41M2.03M7.85M-1.19M
Net Cash Flow-832.20M-831.22M229.42M-459.25M270.51M
Free Cash Flow80.88M749.28M1.59B829.36M685.89M
Free Cash Flow Margin119.84%188.41%119.21%77.31%
Free Cash Flow Per Share11.79109.25220.11108.6289.90
Cash Interest Paid469.99M776.33M726.29M792.79M832.74M
Cash Income Tax Paid4.64M27.70M63.46M139.21M153.49M

Ratios

Fiscal year January - December; amounts in CNY.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization32.87M41.49M65.15M152.25M117.28M279.82M
PE Ratio12.596.565.9827.26
PS Ratio-0.720.761.281.162.00
PB Ratio0.070.080.120.270.200.47
P/FCF Ratio2.713.590.640.680.972.59
P/OCF Ratio3.440.630.630.882.58
Debt / Equity Ratio0.950.961.882.232.002.12
Debt / FCF Ratio42.6810.185.639.4911.81
Net Debt / Equity Ratio0.880.871.591.741.551.54
Net Debt / FCF Ratio38.508.614.377.358.56
Quick Ratio0.720.931.181.551.752.21
Current Ratio1.852.231.812.012.142.48
Asset Turnover0.040.060.050.07
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 Yield36.96%27.87%157.56%147.39%102.53%38.59%
Buyback Yield / Dilution-17.45%5.14%5.32%-0.08%-0.04%