Cnfinance Holdings Limited Stock Price, News & Analysis

CNFinance Holdings Limited (NYSE: CNF), a prominent home equity loan service provider in China, will announce its unaudited financial results for the third quarter ending September 30, 2021, on November 23, 2021, before U.S. market opens. The management will host an earnings conference call at 8:00 AM ET on the same day. The company targets micro-and small-enterprise owners for its loans, primarily funded through a trust lending model, emphasizing risk mitigation and strong post-loan management.

CNFinance Holdings Limited (NYSE: CNF) reported significant growth in its Q2 and H1 2021 financial results. Total loan origination volume surged 103.8% YoY to RMB3,824.5 million (US$592.0 million) in Q2 2021, with a net income of RMB65.2 million (US$10.1 million), up 158.7% YoY. However, total interest and fees income slightly decreased by 0.6% to RMB451.5 million (US$69.9 million). In H1 2021, net income reached RMB150.9 million (US$23.4 million) compared to a net loss of RMB40.6 million in H1 2020. The company anticipates net income between RMB30 and RMB50 million for Q3 2021.

CNFinance Holdings Limited (NYSE: CNF), a leading home equity loan service provider in China, will report its unaudited financial results for Q2 and H1 2021 on August 23, 2021, before U.S. markets open. A conference call is scheduled at 8:00 AM ET on the same day for management to discuss the results. The Company primarily focuses on micro-and small-enterprise owners in Tier 1 and Tier 2 cities, utilizing a trust lending model. The results are anticipated to provide insights into the company's performance and financial condition.

CNFinance Holdings Limited (NYSE: CNF) reported strong Q1 2021 results. Total loan origination volume reached RMB2,841.8 million (US$432.5 million), up 142.7% year-over-year. Net income was RMB85.6 million (US$13.1 million), recovering from a loss of RMB65.7 million in Q1 2020. However, total interest and fees income fell by 13.9% to RMB425.1 million (US$64.7 million) due to lower interest rates. The company expects net income for Q2 2021 to be at least RMB50 million, despite uncertainties linked to the COVID-19 pandemic.

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.