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CNF on NYSE

CNFinance Holdings Ltd.

CNFinance Holdings Ltd. is a finance services company in the Cayman Islands, listed on NYSE (CNF).1 It is headquartered in Guangdong Province, China.1

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Last updated Oct 21, 2026.

Overview

-470.4MNet income, fiscal 20252

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  • TickerCNF on NYSE1
  • IndustryFinance Services1
  • HeadquartersGuangdong Province, China1
  • Incorporated inCayman Islands3
  • Business address22/F, South Finance Ctr, No. 6 Wuheng Rd, Tianhe District, Guangzhou City, Guangdong Province, F4 000003
  • Filer categoryNon-accelerated filer3

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Heze Information Technology Co., Ltd., and their subsidiaries and consolidated affiliated entities.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-13.1%Return on equity2
0.06×Debt to equity2
$80.9MFree cash flow2

Financial statements

Operating income562-$182.8M in 2025−52% since 2021
-$400.0M-$300.0M-$200.0M-$100.0M02021: -$380.9M-$380.9M20212022: -$338.6M-$338.6M2022−11%2023: -$381.3M-$381.3M2023+13%2024: -$399.8M-$399.8M2024+5%2025: -$182.8M-$182.8M2025−54%
Net income7892-$470.4M in 2025
-$500.0M0$500.0M$1.0B2018: $860.9M$860.9M20182019: $534.6M$534.6M2019−38%2020: $114.9M$114.9M2020−79%2021: $65.2M$65.2M2021−43%2022: $135.4M$135.4M2022+108%2023: $164.6M$164.6M2023+22%2024: $37.8M$37.8M2024−77%2025: -$470.4M-$470.4M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Interest and fees income575.8M CNY1.5B CNY1.8B CNY
Interest expenses on interest-bearing borrowings-511.9M CNY-794.5M CNY-723.1M CNY
Net interest and fees income63.9M CNY744.1M CNY1.0B CNY
Net revenue under the commercial bank partnership model20.0M CNY97.1M CNY87.9M CNY
Collaboration cost for sales partners-52.0M CNY-252.9M CNY-343.5M CNY
Net interest and fees income after collaboration cost31.9M CNY588.3M CNY775.9M CNY
Provision for credit losses, net of increase in guaranteed recoverable assets-480.9M CNY-105.2M CNY-177.3M CNY
Provision for cost method investment-5.9M CNY
Net interest and fees income after collaboration cost and provision-449.1M CNY483.1M CNY592.8M CNY
Realized gains/(losses) on sales of investments, net-971.7K CNY-4.1M CNY6.5M CNY
Net losses on sales of loans-21.0M CNY-6.5M CNY-17.2M CNY
Other gains/(losses), net69.7M CNY-24.4M CNY4.8M CNY
Total non-interest (losses)/income, net47.7M CNY-35.0M CNY-5.8M CNY
Employee compensation and benefits-91.2M CNY-155.7M CNY-204.6M CNY
Share-based compensation expenses-14.9M CNY-7.5M CNY
Taxes and surcharges-10.7M CNY-26.2M CNY-31.3M CNY
Operating lease cost-13.7M CNY-15.7M CNY-16.4M CNY
Other expenses-67.1M CNY-187.3M CNY-121.5M CNY
Total operating expenses-182.8M CNY-399.8M CNY-381.3M CNY
Income/(loss) before income tax expense-584.1M CNY48.3M CNY205.6M CNY
Income tax (expense)113.7M CNY-10.5M CNY-41.0M CNY
Net income/(loss)-470.4M CNY37.8M CNY164.6M CNY
Basic (in Dollars per share)-$0.34$0.03$0.12
Diluted (in Dollars per share)-$0.34$0.03$0.11
Foreign currency translation adjustment-4.7M CNY524.1K CNY867.1K CNY
Comprehensive income/(loss)-475.1M CNY38.3M CNY165.5M CNY
Less: net income attributable to non-controlling interests19.4M CNY
Total comprehensive income/(loss) attributable to ordinary shareholders-475.1M CNY38.3M CNY146.1M CNY

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Corporate structure

CNFinance Holdings Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CNFinance Holdings Ltd.

  • Bin Zhai Filed SCHEDULE 13D on CNFinance Holdings Ltd., latest May 11, 2026
  • GAGNON SECURITIES LLC Filed SCHEDULE 13G/A on CNFinance Holdings Ltd., latest Feb 12, 2026 (2 filings since Nov 14, 2025)
  • Neil Gagnon Filed SCHEDULE 13G on CNFinance Holdings Ltd., latest Mar 12, 2025
  • S. Donald Sussman Filed SCHEDULE 13G/A on CNFinance Holdings Ltd., latest Feb 13, 2025 (2 filings since Feb 14, 2024)
  • New China Capital Management, LP Filed SC 13G/A on CNFinance Holdings Ltd., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • CNFinance Holdings Ltd. Guangdong Province, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CNFinance Holdings Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation33.2M CNY2 Dec 31, 202529.3M CNY2 Dec 31, 2024+13.2%
Property and equipment, net177.7M CNY2 Dec 31, 2025187.5M CNY2 Dec 31, 2024−5.2%
Operating-lease assets (leased space)11.8M CNY2 Dec 31, 202525.0M CNY2 Dec 31, 2024−53.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents338.2M CNY2 Dec 31, 20251.2B CNY2 Dec 31, 2024−71.1%
Marketable securities, current8.0M CNY2 Dec 31, 202523.0M CNY2 Dec 31, 2024−65.2%
Deposits held (banks)57.1M CNY2 Dec 31, 2025131.0M CNY2 Dec 31, 2024−56.4%

Leadership

Who has led CNFinance Holdings Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Bin Zhai2026–now
  • Chief executive officerBin Zhai Mar 18, 2026 to now11
Board members and other officers (8)

Timeline

  1. Mar 18, 2026New chief executive Bin Zhai becomes CEO11

Filings

87 filings to the SEC since October 2021: 5 annual reports, 9 insider forms, 8 large holders, 65 other. The latest 20:

  1. Aug 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Aug 14, 2026EFFECT EDGAR
  3. Aug 14, 2026F-3/A AMENDMENT NO. 2 TO FORM F-3 EDGAR
  4. Jul 1, 2026F-3/A AMENDMENT NO. 1 TO FORM F-3 EDGAR
  5. May 11, 2026SCHEDULE 13D EDGAR
  6. May 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Apr 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Apr 30, 202620-F ANNUAL REPORT EDGAR
  9. Apr 7, 20263 EDGAR
  10. Mar 26, 20263 EDGAR
  11. Mar 18, 20263 EDGAR
  12. Mar 18, 20263 EDGAR
  13. Mar 18, 20263 EDGAR
  14. Mar 18, 20263 EDGAR
  15. Mar 18, 20263 EDGAR
  16. Mar 18, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Feb 12, 2026F-3 REGISTRATION STATEMENT EDGAR
  19. Feb 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Feb 12, 2026SCHEDULE 13G/A EDGAR

The 87 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Gagnon Securities LLC332,345$920.6K0.2%+18,407
Paloma Partners Management Co305,337$845.8K7.5%No change
Gagnon Advisors, LLC108,017$299.2K0.2%+27,658
Morgan Stanley1,370$3.8K0.0%No change
Jpmorgan Chase & Co259$7040.0%No change
Bnp Paribas Financial Markets114$3160.0%No change
UBS Group AG58$1610.0%+39
Osaic Holdings, Inc.42$1160.0%No change
Morton Brown Family Wealth, LLC25$690.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 6, 2021Tom MalinowskiDemocratic, HouseBuy$1,001 - $15,000−200.6%Report
Jan 5, 2021Tom MalinowskiDemocratic, HouseBuy$1,001 - $15,000−201.7%Report
Jan 4, 2021Tom MalinowskiDemocratic, HouseBuy$1,001 - $15,000−203.4%Report
Dec 30, 2020Tom MalinowskiDemocratic, HouseBuy$1,001 - $15,000−202.1%Report
Dec 5, 2020Tom MalinowskiDemocratic, HouseBuy$1,001 - $15,000−204.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How CNFinance Holdings Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCNFinance Holdings Ltd.1
  • CIK0001733868
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address22/F, South Finance Ctr, No. 6 Wuheng Rd, Tianhe District, Guangzhou City, Guangdong Province, F4 000001
  • Phone86-020-623166881
  • Shares outstanding1,371,643,240 Common Class A shares; 0 Common Class B shares as of Dec 31, 20254
  • AuditorHTL International, LLC, Houston, Texas PCAOB ID 7000; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 29, 20181
  • Filings163 in all: 6-K (50), CORRESP (28), UPLOAD (19), 3 (9), 20-F (8), F-3/A (7), F-1/A (5), EFFECT (4)1
    All 29 form types

    SC 13G/A (4), DRSLTR (3), SC 13G (3), SCHEDULE 13G/A (3), DRS/A (2), F-3 (2), F-6 POS (2), 20-F/A (1), 424B4 (1), 8-A12B (1), CERT (1), CT ORDER (1), DEL AM (1), DRS (1), F-1 (1), F-6 (1), F-6EF (1), FWP (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each ADS representing two hundred (200) Class A ordinary shares, par value US$0.0001 per shareCNFThe New York Stock Exchange
Class A ordinary shares, par value US$0.0001 per shareThe New York Stock Exchange

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4

Sources

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