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CNFinance Holdings Ltd (CNF)
NYSE:CNF
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<$0.01Last Year’s EPS
$0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 28, 2024
|% Change Since: -2.75%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The overall sentiment of the call is cautiously optimistic. Despite challenges in the real estate market and a decline in quarterly net income, CNFinance has demonstrated solid annual growth in loan facilitation and net income, along with decreased interest expenses and improved asset quality. The company's strategic partnerships and technology investments have contributed to its resilience.Company Guidance
During the CNFinance Q4 2023 earnings call, the company provided guidance indicating strong year-end results despite challenges in China's macroeconomic and real estate environment. CNFinance facilitated RMB 17.3 billion in loans, marking an 18% year-over-year increase, while net income rose by 21% to RMB 165 million. The company achieved a notable 23% reduction in provisions for credit losses and a decrease in interest expenses by 8% compared to 2022. Additionally, the delinquency ratio improved significantly, dropping from 19.2% at the end of 2022 to 15.6% by the end of 2023. CNFinance's strategy moving forward includes diversifying product offerings, prioritizing asset quality, and enhancing compliance measures, with a target of originating RMB 20 billion in loans for 2024.Loan Facilitation Growth
CNFinance facilitated loans of RMB 17.3 billion in 2023, representing a year-on-year growth of 18%.
Decrease in Interest Expenses
Interest expenses were 8% lower compared to 2022, contributing to improved financial performance.
Strong Net Income Growth
Net income for 2023 reached RMB 165 million, a year-on-year increase of 21%.
Commercial Bank Partnership Success
Loans originated under the commercial bank partnership totaled RMB 5 billion, with net revenue of RMB 88 million.
Improved Asset Quality
The delinquency ratio dropped from 19.2% in 2022 to 15.6% in 2023.
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CNF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 27, 2024 | $1.03 | $1.20 | +16.50% |
| May 23, 2024 | $1.52 | $1.50 | -1.32% |
| Mar 28, 2024 | $2.10 | $2.07 | -1.43% |
| Nov 29, 2023 | $2.16 | $2.21 | +2.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CNFinance Holdings Ltd (CNF) report earnings?
CNFinance Holdings Ltd (CNF) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is CNFinance Holdings Ltd (CNF) earnings time?
CNFinance Holdings Ltd (CNF) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNF EPS forecast?
CNF EPS forecast for the fiscal quarter 2024 (Q4) is <$0.01.
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