CNFinance Holdings Ltd. (CNF) Reports Q1 Loss of $0.14
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CNFinance Announces First Quarter 2020 Unaudited Financial Results
May 26, 2020 6:26 AM EDTGUANGZHOU, China, May 26, 2020 /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 first quarter ended March 31, 2020.
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... More