CNF revenueFY2025CN¥111.65M
- FY YoY
- -84.3%
- 5Y CAGR
- -43.0%
CNF revenue was CN¥111.65M for fiscal 2025 (ended Dec 31, 2025), down 84.3% from fiscal 2024. Compound annual growth was -43.0% over 5 years. It rose in 5 of the last 9 fiscal years.
CNFinance Holdings Limited (CNF) financials
For fiscal 2025 (ended Dec 31, 2025), CNFinance Holdings Limited reported CN¥111.65M of revenue and -CN¥470.39M of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2025
- CN¥111.65M
- Revenue growth, YoY
- -84.3%
- Net income, FY2025
- -CN¥470.39M
- Net margin
- -421.3%
- Free cash flow, FY2025
- CN¥80.88M
- Cash
- CN¥338.19M
- Total debt
- CN¥673.14M
FY2016FY2025
FY2016FY2025
FY2016FY2025
CNF revenue and earnings growth
CNF net incomeFY2025-CN¥470.39M
CNF net income was -CN¥470.39M for fiscal 2025 (ended Dec 31, 2025), compared with CN¥37.78M in fiscal 2024.
CNF free cash flowFY2025CN¥80.88M
- FY YoY
- -89.2%
- 5Y CAGR
- -40.8%
CNF free cash flow was CN¥80.88M for fiscal 2025 (ended Dec 31, 2025), down 89.2% from fiscal 2024. Compound annual growth was -40.8% over 5 years. It rose in 4 of the last 9 fiscal years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥111.65M | CN¥709.08M | CN¥1.03B | CN¥1.01B | CN¥601.86M | CN¥1.85B | CN¥1.79B | CN¥2.34B | CN¥2.01B | CN¥867.33M |
| Research and development | CN¥3.79M | CN¥1.01M | CN¥1.79M | CN¥760.5K | CN¥1.60M | CN¥9.96M | CN¥2.43M | CN¥1.42M | CN¥4.79M | CN¥8.51M |
| Operating income | -CN¥182.77M | -CN¥399.82M | -CN¥381.32M | -CN¥338.56M | -CN¥380.93M | - | - | - | - | - |
| Interest expense | - | - | - | - | CN¥775.57M | CN¥731.32M | CN¥1.31B | CN¥1.94B | CN¥1.41B | CN¥442.66M |
| Pre-tax income | -CN¥584.10M | CN¥48.29M | CN¥205.63M | CN¥172.58M | CN¥93.77M | CN¥162.70M | CN¥721.01M | CN¥1.16B | CN¥808.67M | CN¥288.05M |
| Income tax | -CN¥113.70M | CN¥10.50M | CN¥41.02M | CN¥37.23M | CN¥28.56M | CN¥47.85M | CN¥186.37M | CN¥296.83M | CN¥275.99M | CN¥52.60M |
| Net income | -CN¥470.39M | CN¥37.78M | CN¥164.62M | CN¥135.35M | CN¥65.21M | CN¥114.85M | CN¥534.64M | CN¥860.91M | CN¥532.67M | CN¥235.44M |
| EPS, basic | - | - | CN¥0.12 | CN¥0.10 | CN¥0.05 | CN¥0.08 | CN¥0.39 | CN¥0.69 | CN¥0.43 | CN¥0.19 |
| EPS, diluted | - | - | CN¥0.11 | CN¥0.09 | CN¥0.05 | CN¥0.08 | CN¥0.36 | CN¥0.62 | CN¥0.40 | CN¥0.19 |
| Diluted shares | 1.37B | 1.28B | 1.45B | 1.53B | 1.53B | 1.53B | 1.47B | 1.39B | 1.33B | 1.23B |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | CN¥338.19M | CN¥1.17B | CN¥2.00B | CN¥1.77B | CN¥2.23B | CN¥1.96B | CN¥1.71B | CN¥3.16B | CN¥1.19B | CN¥233.14M |
| Short-term investments | CN¥28.40M | CN¥38.70M | CN¥146.49M | CN¥244.34M | CN¥709.26M | CN¥298.10M | - | - | - | - |
| Inventory | - | - | CN¥1.75B | CN¥1.73B | CN¥1.82B | CN¥1.85B | - | - | - | - |
| Goodwill | - | - | - | - | - | - | - | CN¥0 | CN¥0 | - |
| Total assets | CN¥10.25B | CN¥15.03B | CN¥16.36B | CN¥14.48B | CN¥14.39B | CN¥12.23B | CN¥13.03B | CN¥19.35B | CN¥18.22B | - |
| Short-term debt | - | CN¥5.93B | CN¥8.24B | CN¥7.73B | CN¥8.04B | - | - | - | - | - |
| Total debt | CN¥673.14M | CN¥5.93B | CN¥8.24B | CN¥7.73B | CN¥8.04B | CN¥5.65B | CN¥6.65B | CN¥11.11B | CN¥12.20B | - |
| Total liabilities | CN¥6.67B | CN¥10.97B | CN¥12.36B | CN¥10.54B | CN¥10.57B | CN¥8.49B | CN¥9.43B | CN¥16.31B | CN¥16.38B | - |
| Shareholders' equity | CN¥3.58B | CN¥4.06B | CN¥4.01B | CN¥3.94B | CN¥3.82B | CN¥3.74B | CN¥3.60B | CN¥3.05B | CN¥1.83B | CN¥1.12B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | CN¥84.45M | CN¥757.23M | CN¥1.71B | CN¥919.25M | CN¥689.69M | CN¥1.12B | CN¥1.30B | CN¥1.32B | CN¥1.29B | CN¥379.88M |
| Capital expenditures | CN¥3.57M | CN¥7.95M | CN¥114.50M | CN¥89.89M | CN¥3.81M | CN¥3.22M | CN¥4.44M | CN¥14.82M | CN¥19.76M | CN¥15.22M |
| Free cash flow | CN¥80.88M | CN¥749.28M | CN¥1.59B | CN¥829.36M | CN¥685.89M | CN¥1.12B | CN¥1.29B | CN¥1.31B | CN¥1.27B | CN¥364.66M |
| Investing cash flow | CN¥3.27B | -CN¥263.67M | -CN¥2.48B | -CN¥1.10B | -CN¥2.35B | CN¥524.05M | CN¥4.94B | CN¥649.26M | -CN¥9.58B | -CN¥4.70B |
| Financing cash flow | -CN¥4.19B | -CN¥1.33B | CN¥1.01B | -CN¥288.16M | CN¥1.93B | -CN¥1.37B | -CN¥7.70B | -CN¥2.55M | CN¥9.26B | CN¥4.29B |
| Share repurchases | CN¥1.78M | CN¥4.58M | CN¥30.69M | CN¥87.63M | - | - | - | - | - | - |
| Stock-based compensation | - | CN¥14.90M | CN¥7.52M | CN¥5.77M | CN¥18.77M | CN¥62.07M | CN¥15.89M | CN¥39.72M | CN¥182.69M | - |
| Depreciation and amortization | CN¥15.98M | CN¥11.54M | CN¥1.75M | CN¥2.24M | CN¥3.82M | CN¥6.05M | CN¥10.92M | CN¥13.30M | CN¥10.80M | CN¥6.60M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -84.3% | -30.9% | 1.3% | 68.2% | -67.6% | 3.7% | -23.5% | 16.2% | 132.1% | - |
| Net income growth, YoY | - | -77.0% | 21.6% | 107.6% | -43.2% | -78.5% | -37.9% | 61.6% | 126.2% | - |
| EPS growth, YoY | - | - | 22.2% | 80.0% | -37.5% | -77.8% | -41.9% | 55.0% | 110.5% | - |
| Operating margin | -163.7% | -56.4% | -37.2% | -33.4% | -63.3% | - | - | - | - | - |
| Net margin | -421.3% | 5.3% | 16.0% | 13.4% | 10.8% | 6.2% | 29.9% | 36.8% | 26.5% | 27.1% |
| Free cash flow margin | 72.4% | 105.7% | 155.1% | 81.9% | 114.0% | 60.2% | 72.4% | 56.0% | 62.9% | 42.0% |
| Return on equity | -13.1% | 0.9% | 4.1% | 3.4% | 1.7% | 3.1% | 14.9% | 28.3% | 29.1% | 21.0% |
| Return on assets | -4.6% | 0.3% | 1.0% | 0.9% | 0.5% | 0.9% | 4.1% | 4.4% | 2.9% | - |
| Debt to equity | 0.19 | 1.46 | 2.06 | 1.96 | 2.11 | 1.51 | 1.85 | 3.65 | 6.66 | - |
Source: XBRL data CNFinance Holdings Limited files with the SEC, latest filing dated Apr 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
CNF peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CNF | CN¥111.65M | -84.3% | -CN¥470.39M | -421.3% | $36.5M |
| AXP | $77.59B | +10.2% | $12.26B | 15.8% | $217.47B |
| SPGI | $17.21B | +18.2% | $4.99B | 29.0% | $136.57B |
| MCO | $8.18B | +9.0% | $2.88B | 35.3% | $88.11B |
| NU | $15.77B | +37.0% | $2.87B | 18.2% | $60.02B |
| RKT | $11.46B | +90.4% | $1.30B | 11.4% | $43.11B |
| COIN | $5.63B | -26.6% | -$701.62M | -12.5% | $36.03B |
| AFRM | $4.59B | +32.7% | $2.01B | 43.9% | $23.06B |
| SYF | $19.31B | +2.6% | $3.33B | 17.3% | $22.80B |
CNF FAQ
7 questionsWhat is CNF revenue?
CNFinance Holdings Limited (CNF) reported CN¥111.65M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 84.3% from the year before.Is CNF profitable?
No. CNFinance Holdings Limited reported a net loss of CN¥470.39M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does CNF have?
CNFinance Holdings Limited reported CN¥338.19M in cash and cash equivalents and CN¥673.14M of debt on its most recent balance sheet in SEC filings.How fast is CNF revenue growing?
CNFinance Holdings Limited's revenue changed -84.3% in fiscal 2025, to CN¥111.65M. Its compound annual growth rate was -43.0% over 5 years.What is CNF free cash flow?
CNFinance Holdings Limited generated CN¥80.88M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of CN¥84.45M less capital expenditures.When did CNF last report financial results?
The latest statements here come from CNFinance Holdings Limited's 20-F filed on Apr 30, 2026, covering the period ended Dec 31, 2025.Where does this CNF financial data come from?
Quantisnow builds these statements from the structured XBRL data CNFinance Holdings Limited files with the SEC. It is provided for information only and is not investment advice.