$CNF
CNFinance Holdings Ltd.
CIK:0001733868|SEC Filings
Consolidated Statements of Comprehensive Income |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2025
CNY (¥)
|
Dec. 31, 2024
CNY (¥)
|
Dec. 31, 2023
CNY (¥)
|
|
| Income Statement [Abstract] | |||
| Interest and fees income | ¥ 575,783,341 | ¥ 1,538,620,115 | ¥ 1,754,595,020 |
| Interest expenses on interest-bearing borrowings | (511,866,737) | (794,518,514) | (723,081,286) |
| Net interest and fees income | 63,916,604 | 744,101,601 | 1,031,513,734 |
| Net revenue under the commercial bank partnership model | 19,959,208 | 97,127,306 | 87,936,005 |
| Collaboration cost for sales partners | (52,006,417) | (252,881,333) | (343,508,143) |
| Net interest and fees income after collaboration cost | 31,869,396 | 588,347,574 | 775,941,596 |
| Provision for credit losses, net of increase in guaranteed recoverable assets | (480,931,843) | (105,216,440) | (177,282,998) |
| Provision for cost method investment | (5,907,577) | ||
| Net interest and fees income after collaboration cost and provision | (449,062,448) | 483,131,134 | 592,751,021 |
| Realized gains/(losses) on sales of investments, net | (971,725) | (4,125,037) | 6,548,484 |
| Net losses on sales of loans | (20,967,075) | (6,497,731) | (17,190,545) |
| Other gains/(losses), net | 69,674,481 | (24,400,913) | 4,847,597 |
| Total non-interest (losses)/income, net | 47,735,681 | (35,023,681) | (5,794,464) |
| Operating expenses | |||
| Employee compensation and benefits | (91,214,320) | (155,735,239) | (204,573,389) |
| Share-based compensation expenses | (14,898,534) | (7,517,349) | |
| Taxes and surcharges | (10,724,811) | (26,168,730) | (31,343,671) |
| Operating lease cost | (13,709,695) | (15,693,697) | (16,366,797) |
| Other expenses | (67,122,182) | (187,322,734) | (121,520,772) |
| Total operating expenses | (182,771,008) | (399,818,934) | (381,321,978) |
| Income/(loss) before income tax expense | (584,097,775) | 48,288,519 | 205,634,579 |
| Income tax (expense) | 113,703,733 | (10,504,073) | (41,017,018) |
| Net income/(loss) | (470,394,042) | 37,784,446 | 164,617,561 |
| Other comprehensive income/(loss) | |||
| Foreign currency translation adjustment | (4,739,910) | 524,149 | 867,116 |
| Comprehensive income/(loss) | (475,133,952) | 38,308,595 | 165,484,677 |
| Less: net income attributable to non-controlling interests | 19,377,314 | ||
| Total comprehensive income/(loss) attributable to ordinary shareholders | ¥ (475,133,952) | ¥ 38,308,595 | ¥ 146,107,363 |
Consolidated Balance Sheets - CNY (¥) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Assets | ||
| Cash, cash equivalents and restricted cash (including amounts of the consolidated VIEs of RMB1,024,148,680 and RMB267,290,165 as of December 31, 2024 and 2025, respectively) | ¥ 338,187,517 | ¥ 1,170,386,076 |
| Loans principal, interest and financing service fee receivables (including amounts of the consolidated VIEs of RMB6,086,217,494 and RMB1,013,029,316 as of December 31, 2024 and 2025, respectively) | 2,487,818,792 | 7,545,283,306 |
| Allowance for credit losses (including amounts of the consolidated VIEs of RMB591,519,389 and RMB187,246,156 as of December 31, 2024 and 2025, respectively) | (314,048,676) | (678,020,346) |
| Net loans principal, interest and financing service fee receivables (including amounts of the consolidated VIEs of RMB5,494,698,105 and RMB825,783,160 as of December 31, 2024 and 2025, respectively) | 2,173,770,117 | 6,867,262,960 |
| Loans held-for-sale (including amounts of the consolidated VIEs of RMB2,013,904,758 and RMB1,992,122,884 as of December 31, 2024 and 2025, respectively) | 3,508,002,863 | 3,529,585,983 |
| Investment securities (including amounts of the consolidated VIEs of RMB23,000,000 and RMB8,000,000 as of December 31, 2024 and 2025, respectively) | 273,442,460 | 266,928,774 |
| Property and equipment | 177,700,454 | 187,477,921 |
| Intangible assets | 3,082,451 | |
| Deferred tax assets (including amounts of the consolidated VIEs of RMB 1,809,403 and RMB 7,607,426 as of December 31, 2024 and 2025, respectively) | 318,345,730 | 131,112,019 |
| Deposits (including amounts of the consolidated VIEs of RMB 130,977,736 and RMB 57,059,596 as of December 31, 2024 and 2025, respectively) | 91,278,409 | 162,039,260 |
| Right-of-use assets (including amounts of the consolidated VIEs of RMB 413,172 and RMB 821,569 as of December 31, 2024 and 2025, respectively) | 11,760,434 | 25,049,991 |
| Guaranteed assets (including amounts of the consolidated VIEs of RMB656,112,865 and RMB925,263,883 as of December 31, 2024 and 2025, respectively) | 1,645,127,872 | 1,133,290,527 |
| Other assets (including amounts of the consolidated VIEs of RMB29,910,749 and RMB21,749,504 as of December 31, 2024 and 2025, respectively) | 1,711,503,840 | 1,550,898,580 |
| Total assets | 10,249,119,696 | 15,027,114,542 |
| Liabilities and shareholders’ equity | ||
| Borrowings under agreements to repurchase (including amounts of the consolidated VIEs of RMB29,708,280 and RMB36,524,859 as of December 31, 2024 and 2025, respectively) | 2,766,434,387 | 1,669,232,250 |
| Other borrowings (including amounts of the consolidated VIEs of RMB5,844,144,937 and RMB591,994,138 as of December 31, 2024 and 2025, respectively) | 673,140,631 | 5,933,286,917 |
| Accrued employee benefits (including amounts of the consolidated VIEs of RMB38,168 and RMB33,769 as of December 31, 2024 and 2025, respectively) | 7,918,035 | 15,337,376 |
| Income taxes payable (including amounts of the consolidated VIEs of RMB2,013,889 and RMB4,353,507 as of December 31, 2024 and 2025, respectively) | 259,788,832 | 199,758,987 |
| Deferred tax liabilities (including amounts of the consolidated VIEs of Nil and 55,991 as of December 31, 2024 and 2025, respectively) | 80,737,217 | 73,421,888 |
| Lease liabilities (including amounts of the consolidated VIEs of RMB86,485 and RMB259,455 as of December 31, 2024 and 2025, respectively) | 12,236,291 | 21,389,738 |
| Credit risk mitigation position | 1,074,211,035 | 1,370,674,079 |
| Other liabilities (including amounts of the consolidated VIEs of RMB430,140,564 and RMB119,631,799 as of December 31, 2024 and 2025, respectively) | 1,794,010,893 | 1,686,454,806 |
| Total liabilities | 6,668,477,321 | 10,969,556,041 |
| Commitments and contingencies | ||
| Ordinary shares, value | 916,743 | |
| Treasury stock | (124,680,070) | (122,897,896) |
| Additional paid-in capital | 1,046,619,398 | 1,046,619,398 |
| Retained earnings | 2,671,346,946 | 3,141,740,988 |
| Accumulated other comprehensive losses | (13,560,642) | (8,820,732) |
| Total equity attributable to owners of the Company | 3,580,642,375 | 4,057,558,501 |
| Non-controlling interests | ||
| Total shareholders’ equity | 3,580,642,375 | 4,057,558,501 |
| Total liabilities and shareholders’ equity | 10,249,119,696 | 15,027,114,542 |
| Class A Ordinary Shares | ||
| Liabilities and shareholders’ equity | ||
| Ordinary shares, value | 916,743 | |
| Class B Ordinary Shares | ||
| Liabilities and shareholders’ equity | ||
| Ordinary shares, value |