Company research
CNFinance Holdings Ltd.
CIK 1733868Updated Sep 26, 2026
SecurityCNF · NYSE · adr
CNF price & chart
Loading TradingView…
NYSE:CNF on TradingView ↗In the news
CNFinance Files Annual Report on Form 20-F for Fiscal Year 2025 ↗
Seeking Alpha
CNFinance reports 1H results ↗
SEC disclosures
CNFinance Holdings Ltd. IPO declared effective by SEC ↗
Recent filings
6-K filing
EFFECT filing
F-3/A filing
F-3/A filing
SCHEDULE 13D - filed by Zhai Bin regarding CNFinance Holdings Ltd.
Show 3 more recent filings
Financials
FY 2025 · CNYSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsCNY | 10,249,119,696Source | 15,027,114,542Source | 16,364,345,824Source | 14,481,919,900Source |
| Property, Plant and Equipment, NetCNY | 177,700,454Source | 187,477,921Source | 8,158,950Source | 2,284,262Source |
| Intangible Assets, Net (Excluding Goodwill)CNY | — | — | 3,014,944Source | 3,487,733Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueCNY | 338,187,517Source | 1,170,386,076Source | 2,001,602,420Source | 1,772,184,145Source |
| Inventory, NetCNY | — | — | 1,754,595,020Source | 1,731,352,575Source |
| Operating Lease, Right-of-Use AssetCNY | 11,760,434Source | 25,049,991Source | 27,827,938Source | 29,777,357Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesCNY | 6,668,477,321Source | 10,969,556,041Source | 12,355,419,101Source | 10,544,206,440Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedCNY | — | 916,743Source | 916,743Source | 916,743Source |
| Additional Paid in CapitalCNY | 1,046,619,398Source | 1,046,619,398Source | 1,031,720,864Source | 1,024,203,515Source |
| Retained Earnings (Accumulated Deficit)CNY | 2,671,346,946Source | 3,141,740,988Source | 3,103,956,542Source | 2,958,716,295Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxCNY | -13,560,642Source | -8,820,732Source | -9,344,881Source | -10,211,997Source |
| Stockholders' Equity Attributable to ParentCNY | 3,580,642,375Source | 4,057,558,501Source | 4,008,926,723Source | 3,885,993,081Source |
| Liabilities and EquityCNY | 10,249,119,696Source | 15,027,114,542Source | 16,364,345,824Source | 14,481,919,900Source |
| Operating Lease, Liability, NoncurrentCNY | 259,455Source | 86,485Source | — | — |
| Deferred Income Tax Liabilities, NetCNY | 80,737,217Source | 73,421,888Source | 72,578,615Source | 73,752,022Source |
| Other Liabilities, NoncurrentCNY | 119,631,799Source | 430,140,564Source | 232,873,758Source | 144,061,166Source |
| Stockholders' Equity Attributable to Noncontrolling InterestCNY | — | — | — | 51,720,379Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentCNY | 1,089,005Source | 11,868,417Source | 7,308,342Source | 16,486,002Source |
| Deferred Tax Liabilities, NetCNY | 80,737,217Source | 73,421,888Source | 72,578,615Source | 73,752,022Source |
| Long-term DebtCNY | 205,316,327Source | 548,701,817Source | 1,776,121,522Source | — |
| Short-term InvestmentsCNY | 28,401,958Source | 38,695,647Source | 146,486,668Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestCNY | -470,394,042Source | 37,784,446Source | 164,617,561Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseCNY | — | 14,898,534Source | 7,517,349Source | 5,774,266Source |
| Deferred Income Tax Expense (Benefit)CNY | -179,918,382Source | -38,044,032Source | -16,493,414Source | -133,913,450Source |
| Net Cash Provided by (Used in) Operating ActivitiesCNY | 84,447,150Source | 757,230,274Source | 1,705,760,744Source | 919,253,112Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesCNY | 3,273,866,515Source | -263,667,119Source | -2,483,913,809Source | -1,098,197,823Source |
| Payments to Acquire Property, Plant, and EquipmentCNY | 3,565,552Source | 7,945,839Source | 114,503,257Source | 89,889,341Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockCNY | 1,782,174Source | 4,575,351Source | 30,691,070Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesCNY | -4,185,772,315Source | -1,332,188,609Source | 1,005,540,570Source | -288,156,250Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectCNY | — | — | — | -467,100,961Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCNY | 338,187,517Source | 1,170,386,076Source | 2,001,602,420Source | 1,772,184,145Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesCNY | 469,985,706Source | 776,332,323Source | 726,293,220Source | 792,794,985Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCNY | -4,739,909Source | 7,409,110Source | 2,030,770Source | 7,847,745Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | 5,774,266Source |
| Debt and Equity Securities, Realized Gain (Loss)CNY | — | — | — | 20,566,672Source |
| DepreciationCNY | 12,896,315Source | 11,540,877Source | 1,234,129Source | 1,722,640Source |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | 5,672,134Source | 5,933,998Source | 3,589,629Source | 7,355,135Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyCNY | — | 39,563Source | — | — |
| Gain (Loss) on Sale of InvestmentsCNY | — | 7,771,643Source | 31,620,876Source | 7,763,703Source |
| Gain (Loss) on Disposition of Other AssetsCNY | -971,725Source | 4,125,037Source | -1,524,159Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentCNY | — | 39,563Source | -147,644Source | — |
| Gain (Loss) on Sales of Loans, NetCNY | -20,967,075Source | -6,497,731Source | -17,190,545Source | -44,554,948Source |
| Goodwill, Impairment LossCNY | — | — | 20,279,026Source | — |
| Income Tax Expense (Benefit)CNY | -113,703,733Source | 10,504,073Source | 41,017,018Source | 37,232,643Source |
| Investment Income, InterestCNY | 484,992,923Source | 1,343,738,056Source | 1,579,868,355Source | 1,573,405,364Source |
| Net Income (Loss) Attributable to ParentCNY | — | — | — | 135,351,411Source |
| Operating ExpensesCNY | 67,122,182Source | 187,322,734Source | 121,520,772Source | 85,889,497Source |
| Operating Lease, ExpenseCNY | — | — | 16,927,380Source | 15,101,145Source |
| Proceeds from Contributions from ParentCNY | — | — | — | 50,750,000Source |
| Proceeds from Noncontrolling InterestsCNY | — | — | 71,514,091Source | 50,750,000Source |
| Provision for Loan, Lease, and Other LossesCNY | 480,931,843Source | 105,216,440Source | 177,282,998Source | 238,084,863Source |
| Realized Investment Gains (Losses)CNY | -971,725Source | -4,125,037Source | 6,548,484Source | — |
| Unrealized Gain (Loss) on DerivativesCNY | — | — | -5,765,113Source | -362,855Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Income (Loss)CNY | -182,771,008Source | -399,818,934Source | -381,321,978Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestCNY | -584,097,775Source | 48,288,519Source | 205,634,579Source | 172,584,054Source |
| Income Tax Expense (Benefit)CNY | -113,703,733Source | 10,504,073Source | 41,017,018Source | 37,232,643Source |
| Net Income (Loss) Attributable to ParentCNY | — | — | — | 135,351,411Source |
| Earnings Per Share, BasicUSD per share | -0.34Source | 0.03Source | 0.12Source | 0.1Source |
| Earnings Per Share, DilutedUSD per share | -0.34Source | 0.03Source | 0.11Source | 0.09Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,371,643,240Source | 1,371,643,240Source | 1,371,643,240Source | 1,371,643,240Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,371,643,240Source | 1,282,775,813Source | 1,445,897,438Source | 1,527,097,111Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)CNY | 66,214,649Source | 48,548,105Source | 57,510,432Source | 171,146,093Source |
| Debt and Equity Securities, Realized Gain (Loss)CNY | — | — | — | 20,566,672Source |
| Depreciation, Depletion and Amortization, NonproductionCNY | 15,978,766Source | 11,540,878Source | 1,753,032Source | 2,244,279Source |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | 5,672,134Source | 5,933,998Source | 3,589,629Source | 7,355,135Source |
| Goodwill, Impairment LossCNY | — | — | 20,279,026Source | — |
| Interest Income (Expense), NetCNY | 63,916,604Source | 744,101,601Source | 1,031,513,734Source | 946,576,038Source |
| Investment Income, InterestCNY | 484,992,923Source | 1,343,738,056Source | 1,579,868,355Source | 1,573,405,364Source |
| Labor and Related ExpenseCNY | 91,214,320Source | 155,735,239Source | 204,573,389Source | 197,035,872Source |
| Marketing and Advertising ExpenseCNY | 58,303Source | 13,653,838Source | 49,828,134Source | 32,412,727Source |
| Operating ExpensesCNY | 67,122,182Source | 187,322,734Source | 121,520,772Source | 85,889,497Source |
| Operating Lease, ExpenseCNY | — | — | 16,927,380Source | 15,101,145Source |
| Other ExpensesCNY | 67,122,182Source | 187,322,734Source | 121,520,772Source | 85,889,497Source |
| Other General and Administrative ExpenseCNY | 28,081,272Source | 99,368,411Source | 10,481,523Source | — |
| Other General ExpenseCNY | 1,408,162Source | 2,180,166Source | 5,986,473Source | 7,344,173Source |
| Other IncomeCNY | 69,674,481Source | -24,400,913Source | 4,847,597Source | — |
| Realized Investment Gains (Losses)CNY | -971,725Source | -4,125,037Source | 6,548,484Source | — |
| Research and Development ExpenseCNY | 3,790,202Source | 1,010,223Source | 1,791,754Source | 760,465Source |
| Taxes, MiscellaneousCNY | 10,724,811Source | 26,168,730Source | 31,343,671Source | 35,890,761Source |