CNFinance Holdings Ltd (CNF)
NYSE:CNF
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CNFinance Holdings
(NYSE:CNF)
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Rating:44Neutral
Price Target:
$3.00
▼(-42.86% Downside)
Action:Reiterated
Date:05/15/26
The score is primarily weighed down by the sharp fundamental break in 2025 (losses, weaker revenue, and materially lower cash flow), with ongoing leverage/equity pressure. Technicals provide only a modest offset due to a short-term bounce that remains below key long-term moving averages, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Strong historical free cash flow generation
Multi-year strong free cash flow (FCF roughly tracking net income 2020–2024, large FCF in 2023–2024) indicates historically high cash conversion from lending operations, providing durable capacity to fund originations, service debt and absorb shocks if performance normalizes.
Negative Factors
Sharp 2025 profitability and revenue deterioration
A large 2025 loss and significant revenue decline represent a structural break in earnings quality. Persisting losses erode internal capital, limit reinvestment, raise funding costs, and create uncertainty about sustainable margins and the company's ability to maintain lending capacity without external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong historical free cash flow generation
Multi-year strong free cash flow (FCF roughly tracking net income 2020–2024, large FCF in 2023–2024) indicates historically high cash conversion from lending operations, providing durable capacity to fund originations, service debt and absorb shocks if performance normalizes.
Read all positive factors
CNFinance Holdings (CNF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.40M
Dividend YieldN/A
Average Volume (3M)62.66K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees691
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)-146.40
Shares Outstanding6,858,216
10 Day Avg. Volume34,987
30 Day Avg. Volume62,661
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)0.02
P/FCF Ratio0.18
Enterprise Value/Market Cap127.35
Enterprise Value/Revenue7.57
Enterprise Value/Gross Profit7.57
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.7
Revenue Forecast (FY)$907.67M
CNFinance Holdings Business Overview & Revenue Model
Company Description
CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial ...
How the Company Makes Money
CNFinance primarily makes money by originating consumer loans (notably home-equity loans) and earning interest income and loan-related fees over the life of those loans. Key revenue streams typically include: (1) Interest income from loans held on...
CNFinance Holdings Earnings Call Summary
Earnings Call Date:Aug 28, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 01, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted the company's strategic focus on cost control, NPL recovery, and expansion into new business areas. However, these positives were countered by significant declines in loan transactions, loan balance, and interest income, alongside a net loss and increased nonperforming loan ratio.Positive Updates
Increase in Sales Partners
The company has signed a total of 2,184 sales partners, marking a year-on-year increase of 2%. Additionally, 1,485 sales partners introduced borrowers, representing a 3.3% growth.
Negative Updates
Decrease in Loan Transactions
The number of loan transactions decreased by 78.1% year-on-year, and total loan origination dropped by 85.4% due to proactive efforts to control loan issuance and focus on reducing nonperforming loans.
Read all updates
Q2-2025 Updates
Positive
Negative
Increase in Sales Partners
The company has signed a total of 2,184 sales partners, marking a year-on-year increase of 2%. Additionally, 1,485 sales partners introduced borrowers, representing a 3.3% growth.
Read all positive updates
Company Guidance
In the first half of 2025, CNFinance Holdings Limited focused on strategic adjustments and business optimizations amid challenging market conditions, emphasizing a "survival first, victory first" principle. The company signed a total of 2,184 sales partners, a year-on-year increase of 2%, with 1,485 partners introducing borrowers, growing by 3.3%. However, proactive efforts to control loan issuance led to a 78.1% year-on-year decrease in loan transactions and an 85.4% drop in total loan origination. By June 30, 2025, the loan balance was RMB 11.2 billion, down 29.6% from the previous year. Despite a 55% decline in interest income to RMB 416 million, financing costs decreased by 32%, and operating expenses fell by 74%, demonstrating effective cost control. The net loss was RMB 40.4 million, largely due to an RMB 31.3 million impairment loss provision, with a nonperforming loan (NPL) ratio of 16.9%. The company achieved a 103% NPL recovery rate through diversified reduction measures, streamlined its organizational structure, and stabilized funding by engaging new institutional investors. Key priorities included reducing NPLs, ensuring stable funding, and expanding into new business areas by refining existing products and launching new ones.CNFinance Holdings Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
48
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 359.92M | 625.95M | 1.60B | 1.84B | 1.84B | 1.37B |
| Gross Profit | 359.92M | 544.27M | 828.34M | 995.45M | 841.97M | 900.76M |
| EBITDA | 0.00 | -54.72M | 59.83M | 207.39M | 174.83M | 97.59M |
| Net Income | -50.53M | -457.58M | 37.78M | 164.62M | 135.35M | 65.21M |
Balance Sheet | ||||||
| Total Assets | 12.52B | 10.26B | 15.03B | 16.36B | 14.48B | 14.39B |
| Cash, Cash Equivalents and Short-Term Investments | 922.27M | 820.25M | 1.79B | 2.70B | 2.41B | 3.48B |
| Total Debt | 5.31B | 4.22B | 5.95B | 8.96B | 7.87B | 8.10B |
| Total Liabilities | 8.49B | 6.67B | 10.97B | 12.36B | 10.54B | 10.57B |
| Stockholders Equity | 4.03B | 3.58B | 4.06B | 4.01B | 3.89B | 3.82B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 78.68M | 749.28M | 1.59B | 829.36M | 685.89M |
| Operating Cash Flow | 0.00 | 82.15M | 757.23M | 1.71B | 919.25M | 689.69M |
| Investing Cash Flow | 0.00 | 3.18B | -263.67M | -2.48B | -1.10B | -2.35B |
| Financing Cash Flow | 0.00 | -4.07B | -1.33B | 1.01B | -288.16M | 1.93B |
CNFinance Holdings Technical Analysis
Negative
5.25
Price Trends
3.45
Negative
4.42
Negative
4.64
Negative
Market Momentum
-0.05
Negative
45.58
Neutral
36.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNF, the sentiment is Negative. The current price of 5.25 is above the 20-day moving average (MA) of 3.04, above the 50-day MA of 3.45, and above the 200-day MA of 4.64, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 45.58 is Neutral, neither overbought nor oversold. The STOCH value of 36.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNF.
CNFinance Holdings Risk Analysis
CNFinance Holdings disclosed 87 risk factors in its most recent earnings report. CNFinance Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CNFinance Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $680.29M | 7.81 | 16.69% | ― | 38.14% | 34.02% | |
63 Neutral | $233.36M | 8.40 | 0.03% | ― | 1.64% | 57.25% | |
53 Neutral | $72.62M | 18.46 | 3.20% | ― | ― | -9.83% | |
49 Neutral | $122.38M | 21.61 | -0.01% | 18.74% | -21.39% | -231.70% | |
49 Neutral | $28.18M | -0.01 | -484.89% | ― | -7.09% | 14.38% | |
44 Neutral | $21.40M | -0.03 | -1.25% | ― | ― | ― |
* Financial Sector Average
CNF
CNFinance Holdings
3.06
-1.69
-35.58%
GHI
Greystone Housing Impact Investors
5.16
-5.33
-50.82%
SNFCA
Security National Financial
9.42
0.16
1.76%
IOR
Income Opportunity Realty Investors
17.95
-0.22
-1.21%
VEL
Velocity Financial
17.55
1.07
6.49%
PAPL
Pineapple Financial
1.10
-0.14
-11.29%
CNFinance Holdings Corporate Events
CNFinance Issues 2 Billion Class B Shares, Cementing Kylin’s Control
May 6, 2026
On May 6, 2026, CNFinance Holdings completed the issuance of 2 billion Class B ordinary shares to Kylin Investment Holdings at US$0.0001 per share, raising US$200,000 for general working capital. The transaction significantly reshaped the company&...
CNFinance Files 2025 Form 20-F Annual Report With U.S. SEC
Apr 30, 2026
CNFinance Holdings Limited, a leading Chinese home equity loan service provider that links micro- and small-enterprise borrowers with trust companies and commercial banks, focuses on MSE owners with real estate in major Chinese cities and embeds r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.