CNFinance Holdings Ltd.
CNF · Finance Services · EDGAR filings ↗
Grade
D42Chinese home-equity loan facilitator in severe deterioration with a collapsing book and net loss.
Strengths
- Low reported debt/equity (0.057, 21st pct) and positive FCF ($80.9M, 83rd pct) as the book runs off
- Sizable cash position (77.6th pct)
Risks
- NPL ratio spiked to 80.5% and charge-offs to 13.5%; net income swung to RMB -470M with negative ROIC
- Operating income collapsed from RMB770M to RMB80M and loan origination fell ~85%
Key metrics
Return on equity
-13.1%
Return on assets
-4.6%
ROIC
-3.8%
Debt / equity
0.1×
Free cash flow
$12M
EBITDA
-$24M
Tangible book value
$512M
Cash & investments
$52M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001213900-26-050285 ↗ |
| 20-F | 2025-04-30 | 2024-12-31 | 0001213900-25-037031 ↗ |
| 20-F | 2024-04-26 | 2023-12-31 | 0001213900-24-036386 ↗ |
| 20-F | 2023-04-25 | 2022-12-31 | 0001213900-23-032494 ↗ |
| 20-F | 2022-04-27 | 2021-12-31 | 0001213900-22-021773 ↗ |
| 20-F | 2021-04-28 | 2020-12-31 | 0001213900-21-023191 ↗ |
| 20-F | 2020-04-27 | 2019-12-31 | 0001213900-20-010115 ↗ |
| 20-F | 2019-04-25 | 2018-12-31 | 0001144204-19-021277 ↗ |