Tiger Brokers

CNFinance Holdings Reports 55.1% Decline in Interest and Fees Income for First Half of 2025, Total Operating Expenses Down 50.5%

Reuters
Aug 28
CNFinance Holdings Reports 55.1% Decline in Interest and Fees Income for First Half of 2025, Total Operating Expenses Down 50.5%

CNFinance Holdings Ltd., a leading home equity loan service provider in China, announced its unaudited financial results for the first half of 2025. The company reported a significant decline in total interest and fees income, which decreased by 55.1% to RMB415.7 million (US$58.0 million) compared to RMB926.5 million in the same period of 2024. This decline is attributed to a strategic reduction in new loan issuance, focusing on managing existing portfolio quality amid challenging economic and real estate market conditions. The company's net loss for the first half of 2025 was RMB40.4 million (US$5.6 million), a reversal from a net income of RMB47.9 million during the same period in 2024. Basic and diluted earnings per ADS were negative, at RMB(0.59) (US$(0.08)) and RMB(0.63) (US$(0.09)), respectively, in the first half of 2025, compared to RMB0.70 for both measures in the same period of 2024. Total operating expenses were reduced by 50.5% to RMB101.4 million (US$14.2 million) from RMB204.7 million in the first half of 2024, as the company implemented workforce restructuring to enhance operational efficiency. Employee compensation and benefits decreased by 39.2% to RMB52.9 million (US$7.4 million) from RMB86.9 million in the same period of 2024. CNFinance also reported a decline in cash and cash equivalents and restricted cash, which was RMB0.8 billion (US$0.1 billion) as of June 30, 2025, compared with RMB1.2 billion as of December 31, 2024. The company's delinquency ratio for loans originated increased from 29.7% at the end of 2024 to 46.0% as of June 2025. The company remains committed to reducing non-performing ratios while exploring new growth opportunities to sustain shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CNFinance Holdings Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN60958) on August 28, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10