CNF on NYSE
CNFinance Holdings Ltd.
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Last updated Oct 16, 2026.
Overview
-470.4MNet income, fiscal 20252
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest and fees income | 575.8M CNY | 1.5B CNY | 1.8B CNY |
| Interest expenses on interest-bearing borrowings | -511.9M CNY | -794.5M CNY | -723.1M CNY |
| Net interest and fees income | 63.9M CNY | 744.1M CNY | 1.0B CNY |
| Net revenue under the commercial bank partnership model | 20.0M CNY | 97.1M CNY | 87.9M CNY |
| Collaboration cost for sales partners | -52.0M CNY | -252.9M CNY | -343.5M CNY |
| Net interest and fees income after collaboration cost | 31.9M CNY | 588.3M CNY | 775.9M CNY |
| Provision for credit losses, net of increase in guaranteed recoverable assets | -480.9M CNY | -105.2M CNY | -177.3M CNY |
| Provision for cost method investment | -5.9M CNY | ||
| Net interest and fees income after collaboration cost and provision | -449.1M CNY | 483.1M CNY | 592.8M CNY |
| Realized gains/(losses) on sales of investments, net | -971.7K CNY | -4.1M CNY | 6.5M CNY |
| Net losses on sales of loans | -21.0M CNY | -6.5M CNY | -17.2M CNY |
| Other gains/(losses), net | 69.7M CNY | -24.4M CNY | 4.8M CNY |
| Total non-interest (losses)/income, net | 47.7M CNY | -35.0M CNY | -5.8M CNY |
| Employee compensation and benefits | -91.2M CNY | -155.7M CNY | -204.6M CNY |
| Share-based compensation expenses | -14.9M CNY | -7.5M CNY | |
| Taxes and surcharges | -10.7M CNY | -26.2M CNY | -31.3M CNY |
| Operating lease cost | -13.7M CNY | -15.7M CNY | -16.4M CNY |
| Other expenses | -67.1M CNY | -187.3M CNY | -121.5M CNY |
| Total operating expenses | -182.8M CNY | -399.8M CNY | -381.3M CNY |
| Income/(loss) before income tax expense | -584.1M CNY | 48.3M CNY | 205.6M CNY |
| Income tax (expense) | 113.7M CNY | -10.5M CNY | -41.0M CNY |
| Net income/(loss) | -470.4M CNY | 37.8M CNY | 164.6M CNY |
| Basic (in Dollars per share) | -$0.34 | $0.03 | $0.12 |
| Diluted (in Dollars per share) | -$0.34 | $0.03 | $0.11 |
| Foreign currency translation adjustment | -4.7M CNY | 524.1K CNY | 867.1K CNY |
| Comprehensive income/(loss) | -475.1M CNY | 38.3M CNY | 165.5M CNY |
| Less: net income attributable to non-controlling interests | 19.4M CNY | ||
| Total comprehensive income/(loss) attributable to ordinary shareholders | -475.1M CNY | 38.3M CNY | 146.1M CNY |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash, cash equivalents and restricted cash (including amounts of the consolidated VIEs of RMB1,024,148,680 and RMB267,290,165 as of December 31, 2024 and 2025, respectively) | 338.2M CNY | 1.2B CNY | |
| Loans principal, interest and financing service fee receivables (including amounts of the consolidated VIEs of RMB6,086,217,494 and RMB1,013,029,316 as of December 31, 2024 and 2025, respectively) | 2.5B CNY | 7.5B CNY | |
| Allowance for credit losses (including amounts of the consolidated VIEs of RMB591,519,389 and RMB187,246,156 as of December 31, 2024 and 2025, respectively) | -314.0M CNY | -678.0M CNY | |
| Net loans principal, interest and financing service fee receivables (including amounts of the consolidated VIEs of RMB5,494,698,105 and RMB825,783,160 as of December 31, 2024 and 2025, respectively) | 2.2B CNY | 6.9B CNY | |
| Loans held-for-sale (including amounts of the consolidated VIEs of RMB2,013,904,758 and RMB1,992,122,884 as of December 31, 2024 and 2025, respectively) | 3.5B CNY | 3.5B CNY | |
| Investment securities (including amounts of the consolidated VIEs of RMB23,000,000 and RMB8,000,000 as of December 31, 2024 and 2025, respectively) | 273.4M CNY | 266.9M CNY | |
| Property and equipment | 177.7M CNY | 187.5M CNY | |
| Intangible assets | 3.1M CNY | ||
| Deferred tax assets (including amounts of the consolidated VIEs of RMB 1,809,403 and RMB 7,607,426 as of December 31, 2024 and 2025, respectively) | 318.3M CNY | 131.1M CNY | |
| Deposits (including amounts of the consolidated VIEs of RMB 130,977,736 and RMB 57,059,596 as of December 31, 2024 and 2025, respectively) | 91.3M CNY | 162.0M CNY | |
| Right-of-use assets (including amounts of the consolidated VIEs of RMB 413,172 and RMB 821,569 as of December 31, 2024 and 2025, respectively) | 11.8M CNY | 25.0M CNY | |
| Guaranteed assets (including amounts of the consolidated VIEs of RMB656,112,865 and RMB925,263,883 as of December 31, 2024 and 2025, respectively) | 1.6B CNY | 1.1B CNY | |
| Other assets (including amounts of the consolidated VIEs of RMB29,910,749 and RMB21,749,504 as of December 31, 2024 and 2025, respectively) | 1.7B CNY | 1.6B CNY | |
| Total assets | 10.2B CNY | 15.0B CNY | |
| Borrowings under agreements to repurchase (including amounts of the consolidated VIEs of RMB29,708,280 and RMB36,524,859 as of December 31, 2024 and 2025, respectively) | 2.8B CNY | 1.7B CNY | |
| Other borrowings (including amounts of the consolidated VIEs of RMB5,844,144,937 and RMB591,994,138 as of December 31, 2024 and 2025, respectively) | 673.1M CNY | 5.9B CNY | |
| Accrued employee benefits (including amounts of the consolidated VIEs of RMB38,168 and RMB33,769 as of December 31, 2024 and 2025, respectively) | 7.9M CNY | 15.3M CNY | |
| Income taxes payable (including amounts of the consolidated VIEs of RMB2,013,889 and RMB4,353,507 as of December 31, 2024 and 2025, respectively) | 259.8M CNY | 199.8M CNY | |
| Deferred tax liabilities (including amounts of the consolidated VIEs of Nil and 55,991 as of December 31, 2024 and 2025, respectively) | 80.7M CNY | 73.4M CNY | |
| Lease liabilities (including amounts of the consolidated VIEs of RMB86,485 and RMB259,455 as of December 31, 2024 and 2025, respectively) | 12.2M CNY | 21.4M CNY | |
| Credit risk mitigation position | 1.1B CNY | 1.4B CNY | |
| Other liabilities (including amounts of the consolidated VIEs of RMB430,140,564 and RMB119,631,799 as of December 31, 2024 and 2025, respectively) | 1.8B CNY | 1.7B CNY | |
| Total liabilities | 6.7B CNY | 11.0B CNY | |
| Ordinary shares, value | 916.7K CNY | ||
| Treasury stock | -124.7M CNY | -122.9M CNY | |
| Additional paid-in capital | 1.0B CNY | 1.0B CNY | |
| Retained earnings | 2.7B CNY | 3.1B CNY | |
| Accumulated other comprehensive losses | -13.6M CNY | -8.8M CNY | |
| Total equity attributable to owners of the Company | 3.6B CNY | 4.1B CNY | |
| Total shareholders equity | 3.6B CNY | 4.1B CNY | 4.0B CNY |
| Total liabilities and shareholders equity | 10.2B CNY | 15.0B CNY | |
| Cash, cash equivalents and restricted cash | 267.3M CNY | 1.0B CNY | |
| Loans principal, interest and financing service fee receivables | 1.0B CNY | 6.1B CNY | |
| Allowance for credit losses | 187.2M CNY | 591.5M CNY | |
| Net loans principal, interest and financing service fee receivables | 825.8M CNY | 5.5B CNY | |
| Loans held-for-sale | 2.0B CNY | 2.0B CNY | |
| Investment securities | 8.0M CNY | 23.0M CNY | |
| Deferred tax assets | 7.6M CNY | 1.8M CNY | |
| Deposits | 57.1M CNY | 131.0M CNY | |
| Right-of-use assets | 821.6K CNY | 413.2K CNY | |
| Guaranteed assets | 925.3M CNY | 656.1M CNY | |
| Borrowings under agreements to repurchase | 36.5M CNY | 29.7M CNY | |
| Other borrowings | 592.0M CNY | 5.8B CNY | |
| Accrued employee benefits | 33.8K CNY | 38.2K CNY | |
| Income taxes payable | 4.4M CNY | 2.0M CNY | |
| Deferred tax liabilities | 56.0K CNY | ||
| Lease liabilities | 259.5K CNY | 86.5K CNY | |
| Other liabilities | 119.6M CNY | 430.1M CNY | |
| Ordinary shares, par value (in Dollars per share) | $0.00 | ||
| Ordinary shares, shares authorized (in Shares) | 3.8B shares | ||
| Ordinary shares, shares issued (in Shares) | 187.9M shares | 1.6B shares | |
| Ordinary shares, shares outstanding (in Shares) | 1.6B shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income/(loss) | -470.4M CNY | 37.8M CNY | 164.6M CNY |
| Provision for credit losses | 480.9M CNY | 105.2M CNY | 177.3M CNY |
| Provision for cost method investment | 5.9M CNY | ||
| Depreciation and amortization | 16.0M CNY | 11.5M CNY | 1.8M CNY |
| Share-based compensation expenses | 14.9M CNY | 7.5M CNY | |
| Net losses/(gains) on disposal of property and equipment | -39.6K CNY | 147.6K CNY | |
| Net loss on disposal of non-marketable equity securities and Investment securities | 971.7K CNY | -4.1M CNY | 1.5M CNY |
| Foreign exchange gains | -5.7M CNY | -5.9M CNY | -3.6M CNY |
| Deferred tax benefit | -179.9M CNY | -38.0M CNY | -16.5M CNY |
| Net losses on sale of loans | 21.0M CNY | 6.5M CNY | 17.2M CNY |
| Profit and loss arising from fair value changes | 5.8M CNY | ||
| Originations and purchases | -126.7M CNY | -392.7M CNY | -629.0M CNY |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | 732.1M CNY | 1.4B CNY | 1.9B CNY |
| Deposits | 70.8M CNY | 1.1M CNY | -18.0M CNY |
| Guarantee deposits | 61.1M CNY | -38.0M CNY | -142.0M CNY |
| Credit risk mitigation position and guarantee repayments from sales partner | -424.0M CNY | -60.9M CNY | 234.5M CNY |
| Other operating assets | -279.5M CNY | -243.9M CNY | 15.1M CNY |
| Other operating liabilities | 187.8M CNY | -40.6M CNY | -12.6M CNY |
| Net cash provided by operating activities | 84.4M CNY | 757.2M CNY | 1.7B CNY |
| Loans originated, net of principal collected | 2.9B CNY | -819.0M CNY | -3.0B CNY |
| Proceeds from sales of investment securities | 717.3M CNY | 1.1B CNY | 3.0B CNY |
| Proceeds from disposal of non-marketable equity securities | 13.2M CNY | 25.0M CNY | 3.4M CNY |
| Proceeds from disposal of property and equipment and intangible assets | 446.7K CNY | 833.5K CNY | 38.9K CNY |
| Proceeds from sales of loans | 366.4M CNY | 814.6M CNY | 1.2B CNY |
| Purchased loans with credit deterioration | -56.4M CNY | -436.0M CNY | -640.3M CNY |
| Purchases of investment securities | -707.0M CNY | -922.1M CNY | -2.9B CNY |
| Purchases of property, equipment and intangible assets | -3.6M CNY | -7.9M CNY | -114.5M CNY |
| Net cash provided/(used in) investing activities | 3.3B CNY | -263.7M CNY | -2.5B CNY |
| Proceeds from interest-bearing borrowings | 2.8B CNY | 9.5B CNY | 10.4B CNY |
| Proceeds from contributions from non-controlling shareholders | 71.5M CNY | ||
| Repurchase of ordinary shares | -1.8M CNY | -4.6M CNY | -30.7M CNY |
| Repayment of interest-bearing borrowings | -7.0B CNY | -10.8B CNY | -9.3B CNY |
| Acquisition of interests in consolidated VIEs from non-controlling interests | -142.6M CNY | ||
| Net cash provided by/used in financing activities | -4.2B CNY | -1.3B CNY | 1.0B CNY |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | -827.5M CNY | -838.6M CNY | 227.4M CNY |
| Effect of exchange rate change on cash, cash equivalents and restricted cash | -4.7M CNY | 7.4M CNY | 2.0M CNY |
| Income taxes paid, net of refunds | 4.6M CNY | 27.7M CNY | 63.5M CNY |
| Interest expense paid | 470.0M CNY | 776.3M CNY | 726.3M CNY |
Recent filings
- Aug 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Aug 14, 2026F-3/A AMENDMENT NO. 2 TO FORM F-3
- Aug 14, 2026EFFECT
- Jul 1, 2026F-3/A AMENDMENT NO. 1 TO FORM F-3
- May 11, 2026SCHEDULE 13D
- May 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Apr 30, 202620-F ANNUAL REPORT
- Apr 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Apr 7, 20263
- Mar 26, 20263
- Mar 18, 20263
- Mar 18, 20263
- Mar 18, 20263
- Mar 18, 20263
- Mar 18, 20263
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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