CNFinance(US:CNF)2025-08-28 13:00Financial Data and Key Metrics Changes - As of June 30, 2025, the company's loan balance was RMB 11.2 billion, a decrease of 29.6% year on year [6] - Interest income for the first half of the year was RMB 416 million, reflecting a decline of 55% year on year [6] - The net loss was RMB 40.4 million, primarily due to an impairment loss provision of RMB 31.3 million [7] - The non-performing loan (NPL) ratio was 16.9%, with a 103% NPL recovery rate achieved in the first half [7] Business Line Data and Key Metrics Changes - The total number of loan transactions decreased by 78.1% year on year, and total loan origination dropped by 85.4% [5] - The company signed a total of 2,184 sales partners, marking a year-on-year increase of 2% [5] - The number of sales partners who introduced borrowers increased by 3.3% [5] Market Data and Key Metrics Changes - The company focused on risk mitigation and asset quality enhancement, which impacted short-term performance but aimed to establish a foundation for long-term growth [6] Company Strategy and Development Direction - The company adhered to the principle of "survival first, victory first," focusing on reducing non-performing loans and optimizing new growth [8] - Key priorities included reducing NPLs, stabilizing funding sources by attracting new institutional investors, and expanding into new business areas [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex and ever-changing market environment and emphasized the importance of strategic adjustments and business optimizations [5] - The company plans to persist in its core strategy of containing non-performing loans and supporting new business development [8] Other Important Information - The company achieved a significant reduction in operating costs through organizational optimization and personnel streamlining [7] Q&A Session Summary - There were no questions during the Q&A session [9]