GUANGZHOU, China, Aug. 21, 2024 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced that it will report its unaudited financial results for the first half of 2024, before U.S. markets open on Tuesday, August 27, 2024.CNFinance's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 27, 2024 (8:00 PM Beijing/ Hong Kong Time on Tuesday, August 27, 2024).Dial-in nu ...

GUANGZHOU, China, May 27, 2024 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced its board of directors has increased its share repurchase authorization to US$30.0 million, expanding the USD$20.0 million share repurchase authorization granted in March 2022, commencing on May 27, 2024. In March 2022, the Company's board of directors authorized a share repurchase program under which the Company may repur ...

Core Viewpoint - CNFinance Holdings Limited will hold its annual general meeting of shareholders on June 7, 2024, with no proposals for shareholder approval, serving as an open forum for discussions with management [1]. Group 1: Company Overview - CNFinance Holdings Limited is a leading home equity loan service provider in China, focusing on connecting micro- and small-enterprise owners with financing needs to licensed financial institutions [3]. - The company operates through a trust lending model and a commercial bank partnership model, collaborating with sales partners and local channel partners to recommend eligible borrowers [3]. - The primary target borrower segment includes MSE owners who own real properties in Tier 1 and Tier 2 cities and other major cities in China [3]. - CNFinance's risk mitigation mechanism is integrated into its loan products, supported by an online and offline process that focuses on borrower and collateral risks, along with effective post-loan management procedures [3]. Group 2: AGM Details - The annual general meeting will take place at 44/F, Tower G, No. 16 Zhujiang Dong Road, Tianhe District, Guangzhou City, Guangdong Province, on June 7, 2024, from 9:30 a.m. to 11:00 a.m. (Beijing Time) [1]. - The record date for determining shareholders entitled to attend the AGM is set for May 8, 2024 [1][2]. - Both holders of ordinary shares and beneficial owners of American Depositary Shares (ADSs) are welcome to attend the AGM in person [2].

Company Information - CNFinance Holdings Limited filed its annual report on Form 20-F for the fiscal year 2023 on April 26, 2024[2] - The company is headquartered in Guangzhou City, Guangdong Province, People's Republic of China[1] Regulatory Compliance - The report is submitted under the Securities Exchange Act of 1934, indicating compliance with regulatory requirements[5]

GUANGZHOU, China, April 26, 2024 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on April 26, 2024. The annual report can be accessed on the Company's investor relations website at http://ir.cashchina.cn as well as the SEC's website at http://www.sec.gov. T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

CNFinance Holdings Limited (NYSE:CNF) Q4 2023 Results Conference Call March 28, 2024 8:00 AM ET Company Participants Matthew Lou - Investor Relations Manager Jun Qian - VP & Director Jing Li - Acting CFO, Assistant President and Head of Department of Finance & Internal Control Conference Call Participants William Gregozeski - Greenridge Global Operator Hello, and welcome to the CNFinance Fourth Quarter and Fiscal Year of 2023 Financial Results Conference Call. All participants will be in a listen-only mode. ...

Core Viewpoint - CNFinance Holdings Limited, a leading home equity loan service provider in China, is set to report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, on March 28, 2024, before U.S. markets open [1]. Company Overview - CNFinance operates by connecting demands and supplies through collaboration with sales partners and trust companies under a trust lending model, as well as with local channel partners and commercial banks under a commercial bank partnership model [2]. - The primary target borrower segment for CNFinance consists of micro- and small-enterprise (MSE) owners who own real properties in Tier 1 and Tier 2 cities and other major cities in China [2]. - The company's risk mitigation mechanism is integrated into its loan products, focusing on both borrower and collateral risks, and is further enhanced by effective post-loan management procedures [2].

CNFinance Holdings Limited (NYSE:CNF) Q3 2023 Earnings Conference Call November 29, 2023 8:00 AM ET Company Participants Jun Qian - Director and Vice President Jing Li - Acting Chief Financial Officer, Assistant President Conference Call Participants William Gregozeski - Greenridge Global Operator Good day, and welcome to the CNFinance Holdings Limited Third Quarter of 2023 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, th ...

Financial Data and Key Metrics Changes - In Q2 2023, total loan origination volume was RMB4.5 billion, a year-on-year increase of 45% [5] - Total interest income for Q2 2023 was RMB430 million, representing a year-on-year increase of 5% [5] - Net income for Q2 2023 was RMB44 million, a year-on-year increase of 142% [5] - For the first half of 2023, total loans originated was RMB8 billion, a year-on-year increase of 43% [6] - Total interest income for the first half of 2023 was RMB885 million, a year-on-year increase of 7% [19] - Net income for the first half of 2023 was RMB93 million, a year-on-year growth of 52% [23] Business Line Data and Key Metrics Changes - Under the commercial bank partnership model, loans originated in the first half of 2023 accounted for 40% of overall loan origination volume, totaling RMB3 billion [6] - The delinquency rate of loans originated decreased from 18% at the end of 2022 to approximately 15% as of June 30, 2023 [8] - The number of transactions under the trust lending model was 7,734 in the first half of 2023, while under the commercial bank partnership it was 4,074 [28] Market Data and Key Metrics Changes - Overall loan demand from SMEs has decreased, with new loans in July 2023 at RMB528 billion, down from RMB270 billion year-on-year [27] - New loans issued to the real economy in July 2023 were RMB36 billion, a decrease of RMB389 billion compared to the same period last year [27] Company Strategy and Development Direction - The company aims to focus on growth by improving product mix and launching differentiated products with low interest rates [9] - Plans to shift business to core areas in first-tier and new first-tier cities to optimize asset quality [10] - Investment in technology to enhance borrower evaluation capabilities and collaboration with fintech companies is a priority [11] Management Comments on Operating Environment and Future Outlook - Management acknowledges uncertainties in China's economy and the downward trend in the real estate market but sees opportunities for growth [9] - The company maintains its target of RMB20 billion in loan origination for the year, emphasizing high-quality development [31] Other Important Information - As of June 30, 2023, cash and cash equivalents were RMB1.9 billion, an increase from RMB1.8 billion at the end of 2022 [24] - The NPL ratio increased from 1.1% at the end of 2022 to 1.4% as of June 30, 2023 [24] Q&A Session Summary Question: Update on SME loan demand - Management noted a decrease in overall loan demand from SMEs, with specific figures indicating a decline in new loans issued [27] Question: Origination growth outlook - Management confirmed the target of RMB20 billion in loan origination remains intact despite economic uncertainties [31] Question: Sales partners' loan interest changes - A decrease in interest on loans to sales partners is viewed positively, indicating improved asset quality and fewer defaults [33]