CNFNYSEFinance ServicesFiscal year ends December 31
CNFinance Holdings Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026
$1.96+0.02 (+1.03%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2025
Operating margin
-163.7%
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -84.3% | -52.0% | – | – | |
| Free cash flow | -89.2% | -54.0% | -40.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 21.4% | 3.1% | – | |
| Return on assets | – | 0.9% | – | |
| Capex to revenue | 1.8% | – | 3.2% | |
| Diluted shares | 1.23B | 1.53B | 1.37B |
Where the cash went
Fiscal 2021 to 2025, five years combined
CNFinance generated CN¥4.16B from operations and spent CN¥344.39M on capital expenditure, dividends and share buybacks. 64% of that went back into the business.
Generated
CN¥4.16B
Used
CN¥344.39M
Capital expenditureCN¥219.71M64%DividendsCN¥00%Share buybacksCN¥124.68M36%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.4%
×Asset turnover0.07×
×Equity multiplier3.75×
=Return on equity, FY20223.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2022 | 13.4% | 0.07× | 3.75× | 3.5% |
| FY2021 | 10.8% | 0.05× | 3.52× | 1.7% |
| FY2019 | 29.9% | 0.11× | 4.87× | 16.1% |
| FY2018 | 36.8% | 0.12× | 7.70× | 35.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 3 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroCN¥84.45M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net incomeCN¥84.45M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise1.28B → 1.37B
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.01