CNFinance Reports Growth Amid Economic Challenges

CNFinance Holdings (CNF) has released an update.

CNFinance Holdings Limited reported an increase in outstanding loan principal by 9.6%, reaching RMB16.0 billion, and a 4.7% rise in total interest and fees income to RMB926.5 million for the first half of 2024. Despite macroeconomic challenges, the company saw a net income of RMB48.0 million, attributable to prudent credit assessments and strengthened loan collection efforts. The company aims to improve asset quality and profitability by refining credit models, supporting sales partners, and reducing financing costs.

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