CNFinance Holdings Ltd. (CNF) Reports Q3 Loss of $0.33

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CNFinance Announces Third Quarter of 2019 Unaudited Financial Results

November 20, 2019 5:00 AM EST

GUANGZHOU, China, Nov. 20, 2019 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2019.

Third Quarter 2019 Operational and Financial Highlights

Total loan origination volume[1] was RMB1,708.8 million (US$239.1 million) during the third quarter of 2019, compared to RMB2,603.2 million in the same period of 2018. Total outstanding loan principal[2] was RMB11.9 billion (US$1.7 billion) as of September 30, 2019, compared to RMB15.8 billion as of December 31, 2018.... More