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CNFinance Holdings Limited
CNFinance Holdings Limited (CNF) investor relations material
CNFinance Holdings Limited Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary30 Apr, 2026
Executive summary
Total operating income declined sharply from RMB553.3 million in 2024 to RMB79.6 million (US$11.1 million) in 2025, reflecting a significant contraction in business volume and profitability.
Net income dropped from RMB37.8 million in 2024 to a net loss of RMB470.4 million (US$67.3 million) in 2025, driven by higher credit losses and reduced revenue.
Home equity loan origination volume fell 83.6% year-over-year to RMB1.6 billion in 2025, with the number of borrowers also declining sharply.
The company’s risk metrics deteriorated, with the NPL ratio (excluding loans held for sale) rising to 35.62% at year-end 2025 from 8.50% in 2024.
Financial highlights
Interest and fees income decreased to RMB575.8 million in 2025 from RMB1,538.6 million in 2024, mainly due to lower outstanding loan principal.
Net interest and fees income after collaboration cost dropped to RMB31.9 million in 2025 from RMB588.3 million in 2024.
Provision for credit losses surged to RMB480.9 million in 2025, up from RMB105.2 million in 2024, reflecting increased NPLs.
Total operating expenses decreased to RMB182.8 million in 2025 from RMB399.8 million in 2024, mainly due to lower employee compensation and other cost controls.
Adjusted net income (non-GAAP) was a loss of RMB470.4 million in 2025, compared to a profit of RMB52.7 million in 2024.
Outlook and guidance
Management expects continued challenges due to macroeconomic headwinds, high NPL ratios, and a shrinking borrower base.
The company plans to focus on risk management, cost control, and diversification of funding sources to stabilize operations.
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Latest events from CNFinance Holdings Limited
- Offering up to $30M in Class A shares, with major regulatory and operational risks disclosed.CNF
Registration Filing12 Feb 2026 - Net income fell to RMB48M as credit losses and delinquencies rose despite loan growth.CNFQ2 202423 Jan 2026
- Interest and fee income dropped 55%, NPL ratio rose, but recovery rate hit 103% amid cost cuts.CNFQ2 202523 Nov 2025
- Net income fell 77% to RMB37.8 million in 2024 as loan quality and origination deteriorated.CNFQ4 20249 Jun 2025
Next CNFinance Holdings Limited earnings date
Q2 202627 Aug, 2026
CNFinance Holdings Limited
Next CNFinance Holdings Limited earnings date
Q2 202627 Aug, 2026
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