UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 American depositary shares, each ADS representing 20 ordinary shares, par value US$0.0001 per share CNF The New York Stock Exchange 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, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) ...

Financial Data and Key Metrics Changes - The company generated interest income of RMB 1.7 billion and net revenue of RMB 58 million under the commercial bank partnership model for fiscal year 2022, achieving a net profit of RMB 140 million, an increase of 111% year-over-year [5][17]. - Total interest and fees income for fiscal year 2022 was RMB 1.7 billion, with total interest and fees expense at RMB 785 million [17][18]. - Net income increased by 111% to RMB 138 million for fiscal year 2022 compared to RMB 65 million for the same period last year [21]. Business Line Data and Key Metrics Changes - Total loan origination volume in Q4 2022 was RMB 3 billion, with RMB 2 billion recommended to commercial banks [15]. - Interest income charged to sales partners increased to RMB 122 million from RMB 33 million in the same period last year [17]. - Collaboration costs for sales partners decreased to RMB 321 million from RMB 426 million for the same period of 2021 [18]. Market Data and Key Metrics Changes - The delinquency ratio, excluding loans held for sale, was 18.3% as of December 31, 2022, while the non-performing loan (NPL) ratio decreased from 2.1% to 1.1% during the same period [21]. - The average loan-to-value (LTV) ratio at the end of 2022 was around 60%, remaining stable over the past three years [27]. Company Strategy and Development Direction - The company plans to target a total loan origination volume of RMB 20 billion in 2023, representing a 40% increase from 2022, with 40% expected to come from loans recommended to commercial banks [23]. - The company aims to deepen cooperation with commercial banks and introduce sales partners into the commercial bank partnership model [10][12]. - Investment in technology and digital transformation will be prioritized to enhance risk control systems and optimize the loan approval process [11][12]. Management Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing uncertainty in 2023, citing challenges from pandemic policies and economic conditions, but expressed confidence in the potential recovery of China's economy [10][13]. - The management believes that the adjustment of pandemic policies and government efforts to stimulate demand will create opportunities for growth [13][32]. Other Important Information - The company has started to refine its installment repurchase policy to alleviate liquidity pressure on sales partners [9]. - The company reported a net loss on sales of loans of RMB 45 million for fiscal year 2022, significantly improved from RMB 451 million in the previous year [20]. Q&A Session Summary Question: Expectations for origination in the current year - The company targets a total loan origination volume of RMB 20 billion in 2023, with 40% expected from commercial banks [23]. Question: Increase in sales partners due to additional services - The number of active sales partners increased by about 100, a 10% rise compared to the end of 2021, attributed to improved services and the installment repurchase policy [25]. Question: Current loan-to-value ratio - The average LTV ratio at the end of 2022 was around 60%, stable over the past three years [27]. Question: Future of interest charged to sales partners - Interest income charged to sales partners is expected to remain stable in 2023, with a slight decrease anticipated as asset quality improves [30]. Question: Biggest risk and opportunity for the company - The major challenge is managing the delinquency ratio post-pandemic policy adjustments, while opportunities lie in the potential recovery of China's economy and property market [32][33].

CNFinance Holdings Limited (NYSE:CNF) Q3 2022 Earnings Conference Call November 22, 2022 8:00 AM ET Company Participants Matthew Lou - IR Jun Qian - VP Jing Li - Acting CFO Conference Call Participants William Gregozeski - Greenridge Global Operator Good day, and welcome to the CNFinance’s Third Quarter of 2022 Unaudited Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operat ...

Financial Data and Key Metrics Changes - In Q1 2022, the company facilitated loans of RMB 2.3 billion, with revenue and net income recorded at approximately RMB 417 million and RMB 43 million, respectively [6][7] - Total interest and fees income decreased by 1.9% year-over-year to RMB 417 million from RMB 425 million [16] - Net income dropped by 50% from RMB 86 million in Q1 2021 to RMB 43 million in Q1 2022 [18] Business Line Data and Key Metrics Changes - The average daily outstanding loan principal increased by over 20% year-on-year to RMB 10 billion, while revenue under the collaboration model also saw a year-on-year increase of over 20% to RMB 40 million [7] - Collaboration costs for sales partners decreased by 19% to RMB 80 million compared to RMB 98 million in the previous year [17] Market Data and Key Metrics Changes - The delinquency ratio for loans increased from 24% to 26% compared to the end of 2021, while the NPL ratio rose from 9.4% to 10.4% [19][20] - The economic downturn in China, with GDP growth slowing to 1.3% compared to Q4 2021, impacted the company's operations [7] Company Strategy and Development Direction - The company plans to focus on diversifying its product profile and helping sales partners expand their business scale while reducing funding costs [10] - A shift towards an operation-oriented and asset-light model is underway, aiming to act as a service provider and manager of loans [11] - The company aims to achieve 20% to 30% of its lending from the commercial bank model by the end of the year, supported by government policies encouraging banks to assist MSEs [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by COVID-19 lockdowns but expressed confidence in overcoming these obstacles and capitalizing on future opportunities [26][27] - The government’s increasing support for MSEs is expected to drive demand for capital, with a surge anticipated by the end of June [31] Other Important Information - The company is investing in technology, including the development of a mobile app to streamline loan application processes [14] - The weighted average interest rate for loans is currently around 16.4%, influenced by macroeconomic conditions and regulatory policies [23] Q&A Session Summary Question: What is the average interest rate for lending currently? - The weighted average interest rate of loans is around 16.4%, with lower rates due to both voluntary adjustments and macroeconomic conditions [23] Question: How have COVID lockdowns impacted the first quarter? - Lockdowns significantly affected capital demand, particularly in major cities like Shanghai and Shenzhen, leading to a decrease in loan facilitation [26] Question: Is the goal of achieving 30% lending from the commercial model still achievable? - The company remains positive about achieving 20% to 30% of total loans from the commercial bank model by year-end, supported by strong government policies [29] Question: Has there been an increase in demand from SMEs due to government support? - Government support for MSEs is expected to lead to a surge in demand for capital, particularly with new refinancing policies being implemented [31]

CNFinance Holdings Limited (NYSE:CNF) Q4 2021 Earnings Conference Call March 18, 2022 8:00 AM ET Company Participants Matthew Lou - Investor Relations Bin Zhai - Chief Executive Officer Jing Li - Acting Chief Financial Officer Conference Call Participants William Gregozeski - Greenridge Capital Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding t ...

CNFinance Holdings Limited (NYSE:CNF) Q3 2021 Earnings Conference Call November 23, 2021 8:00 AM ET Company Participants Bin Zhai – CEO Matthew Lou – Investor Relations Ning Li – CFO Conference Call Participants William Gregozeski – Greenridge Global Operator Good morning. And welcome to the CNFinance Third Quarter financial results conference call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instr ...

CNFinance Holdings Limited (NYSE:CNF) Q2 2021 Earnings Conference Call August 23, 2021 8:00 AM ET Company Participants Bin Zhai - Chairman and Chief Executive Officer Conference Call Participants William Gregozeski - Greenridge Global Neil Gagnon - Gagnon Securities Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-a ...