Cnfinance Holdings Limited Stock Price, News & Analysis

CNFinance Holdings Limited (NYSE: CNF), a leading home equity loan service provider in China, will release its unaudited financial results for Q1 2021 on May 27, 2021, before U.S. market opening. An earnings call is scheduled for 8:00 AM ET on the same day. CNFinance focuses on providing loans to micro-and small-enterprise owners, utilizing a trust lending model. The company's borrower segment primarily includes MSE owners in Tier 1 and Tier 2 cities in China. Investors can access the call and archived webcast on the company's investor relations website.

CNFinance Holdings Limited (NYSE: CNF) will hold its annual general meeting (AGM) on June 7, 2021, in Guangzhou, China. The AGM will not involve any shareholder proposals but will provide a platform for shareholders to discuss company affairs with management. The record date for determining eligible attendees is May 7, 2021. CNFinance is a prominent home equity loan service provider in China, working with sales and trust company partners to facilitate loans primarily for micro and small enterprise owners in Tier 1 and Tier 2 cities.

CNFinance Holdings Limited (NYSE: CNF) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 28, 2021. The report is available on the company's investor relations site and the SEC's website. CNFinance specializes in home equity loans in China, focusing on micro- and small-enterprise owners in Tier 1 and Tier 2 cities. The company partners with sales and trust firms to facilitate loans, utilizing a trust lending model designed for risk mitigation.

CNFinance Holdings Limited (NYSE: CNF) has reported its unaudited financial results for Q4 and fiscal year 2020, reflecting a significant shift in performance amid the COVID-19 pandemic. In Q4 2020, total loan origination volume rose 35% to RMB2.7 billion, while net income surged 72.6% to RMB105.3 million. However, total interest and fees income dropped 29.5% to RMB421.1 million. For the full year, loan origination increased by 39.7% to RMB8.8 billion, yet total income fell 37.9% to RMB1.8 billion with net income declining 78.5% to RMB114.9 million.

CNFinance Holdings Limited (NYSE: CNF) will announce its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2020, before U.S. markets open on March 16, 2021. A conference call is scheduled for 8:00 AM Eastern Time the same day, with multiple dial-in options provided for international participants. The results will offer insights into the company's performance and operations, primarily targeting micro and small enterprise owners in Tier 1 and Tier 2 cities in China.

CNFinance Holdings Limited (NYSE: CNF) reported its Q3 2020 financial results, with loan origination volume reaching RMB3,093.4 million (US$454.2 million), up 81% from Q3 2019. However, total interest and fees income fell by 29.9% to RMB476.0 million (US$69.9 million), while net income plummeted 71.7% to RMB50.1 million (US$7.4 million). Basic earnings per ADS dropped to RMB0.73 (US$0.11), down from RMB2.59 a year earlier. The company cited challenges from COVID-19 and regulatory changes affecting interest rates. Looking forward, CNFinance projects Q4 net income between RMB50 million and RMB100 million.

CNFinance Holdings Limited (NYSE: CNF) will announce its unaudited financial results for the third quarter and the nine months ended September 30, 2020, after U.S. markets close on November 23, 2020. Following the announcement, the management will host a conference call at 8:00 PM ET on the same day. The company targets micro- and small-enterprise owners for its home equity loans, utilizing a trust lending model with established partners, ensuring risk management through a dedicated process.

CNFinance Holdings Limited (NYSE: CNF) reported its second quarter and first half 2020 results, showing a total loan origination volume of RMB1,883.2 million (US$266.0 million), up from RMB1,661.8 million in Q2 2019. However, total interest and fees income plummeted by 43.4%, from RMB802.1 million to RMB454.1 million. Net income fell 84.3% to RMB25.2 million (US$3.5 million), while the first half revealed a net loss of RMB40.6 million (US$5.7 million). The company faced challenges due to COVID-19, but anticipates a break-even outlook for Q3 2020.

CNFinance Holdings Limited (NYSE: CNF), a prominent home equity loan service provider in China, announced it will release its unaudited financial results for Q2 and the first half of 2020 on August 24, 2020, before U.S. markets open. An earnings conference call will take place on the same day at 8:00 AM U.S. Eastern Time. CNFinance primarily targets micro and small enterprise owners in Tier 1 and Tier 2 cities, offering loans funded through a trust lending model. The company emphasizes risk mitigation in its loan products.