CNFinance Announces First Quarter 2020 Unaudited Financial Results
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CNFinance Holdings Ltd. (CNF) Reports Q1 Loss of $0.14
May 26, 2020 6:30 AM EDTCNFinance Holdings Ltd. (NYSE: CNF) reported Q1 EPS of ($0.14). Revenue for the quarter came in at $5.72 million.
First Quarter 2020 Operational and Financial Highlights
Total loan origination volume[1] was RMB1,166.9 million (US$164.7 million) during the first quarter of 2020.Total outstanding loan principal[2] was RMB10.8 billion as of March 31, 2020, compared to RMB11.3 billion as of December 31, 2019.Total interest and fees income were RMB493.7 million (US$69.6 million) in the first quarter of 2020, a decrease of 44.7% from RMB892.3 million in the same period of 2019.Net income/(loss) was a net loss of... More