← CNFinance Holdings Ltd.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | $135.4m | $164.6m | $37.8m | ($470.4m) | |
| Net Income (Loss) Attributable to Parent | $532.7m | $860.9m | $534.6m | $114.9m | $65.2m | $135.4m | $164.6m | $37.8m | ($470.4m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $164.6m | $37.8m | ($470.4m) | |
| Depreciation and amortization | $10.8m | $13.3m | $10.9m | $6.0m | $3.8m | $2.2m | $1.8m | $11.5m | $16.0m | |
| Depreciation | $10.8m | $13.0m | $10.4m | $5.1m | $3.1m | $1.7m | $1.2m | $11.5m | $12.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $2.2m | $1.8m | $11.5m | $16.0m | |
| Deferred Income Tax Expense (Benefit) | ($57.9m) | ($105.1m) | $3.9m | ($94.4m) | ($190.0m) | ($133.9m) | ($16.5m) | ($38.0m) | ($179.9m) | |
| Deferred tax benefit | ($57.9m) | ($105.1m) | $3.9m | ($94.4m) | ($190.0m) | ($133.9m) | ($16.5m) | ($38.0m) | ($179.9m) | |
| Deferred Income Tax | — | — | — | — | — | ($133.9m) | ($16.5m) | ($38.0m) | ($179.9m) | |
| Deferred Tax | — | — | — | — | — | ($133.9m) | ($16.5m) | ($38.0m) | ($179.9m) | |
| Share-based Payment Arrangement, Noncash Expense | $182.7m | $39.7m | $15.9m | $62.1m | $18.8m | $5.8m | $7.5m | $14.9m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $18.8m | $5.8m | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $20.3m | — | — | |
| Share-based compensation expenses | $182.7m | $39.7m | $15.9m | $62.1m | $18.8m | $5.8m | $7.5m | $14.9m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $262k | $946k | $3.0m | $2.2m | $551k | $320k | $39k | $40k | $447k | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | ($1.5m) | $4.1m | ($972k) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($262k) | ($946k) | ($3.0m) | $2.2m | $551k | $320k | ($148k) | $40k | $447k | |
| Income Tax Expense (Benefit) | $276.0m | $296.8m | $186.4m | $47.8m | $28.6m | $37.2m | $41.0m | $10.5m | ($113.7m) | |
| Operating Lease, Expense | — | — | $39.2m | $18.3m | $15.5m | $15.1m | $16.9m | — | — | |
| Additional Financial Items | ||||||||||
| Debt and Equity Securities, Realized Gain (Loss) | ($11.5m) | $3.2m | $46.1m | $20.2m | $19.2m | $20.6m | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($2.3m) | $1.8m | $647k | ($5.3m) | $786k | $7.4m | $3.6m | $5.9m | $5.7m | |
| Goodwill | $0 | $0 | — | — | — | — | — | — | — | |
| Investment Income, Interest | — | — | — | — | — | $1.6b | $1.6b | $1.3b | $485.0m | |
| Operating Expenses | — | — | — | $124.0m | $100.5m | $85.9m | $121.5m | $187.3m | $67.1m | |
| Proceeds from Contributions from Parent | — | — | — | — | — | $50.8m | — | — | — | |
| Provision for Loan, Lease, and Other Losses | $306.8m | $433.8m | $362.7m | $277.6m | ($278.2m) | $238.1m | $177.3m | $105.2m | $480.9m | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | $6.5m | ($4.1m) | ($972k) | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | $57k | $1.1m | ($363k) | ($5.8m) | — | — | |
| Provision for credit losses | — | $433.8m | $362.7m | $277.6m | ($278.2m) | $238.1m | $177.3m | $105.2m | $480.9m | |
| Net loss on disposal of non-marketable equity securities and Investment securities | — | — | — | — | — | — | $1.5m | ($4.1m) | $972k | |
| Foreign exchange gains | $2.3m | ($1.8m) | ($647k) | $5.3m | ($786k) | ($7.4m) | ($3.6m) | ($5.9m) | ($5.7m) | |
| Net losses on sale of loans | — | $16.7m | ($76.0m) | ($149.6m) | $450.7m | $44.6m | $17.2m | $6.5m | $21.0m | |
| Profit and loss arising from fair value changes | — | — | — | ($57k) | ($1.1m) | $363k | $5.8m | — | — | |
| Originations and purchases | — | ($7.9m) | ($550.4m) | ($152.1m) | ($453.9m) | ($585.4m) | ($629.0m) | ($392.7m) | ($126.7m) | |
| Proceeds from sales and paydowns of loans originally classified as held-for-sale | — | $35.2m | $207.2m | $637.7m | $1.0b | $1.5b | $1.9b | $1.4b | $732.1m | |
| Deposits | ($98.7m) | ($27.9m) | $44.7m | $19.5m | ($42.9m) | $11.9m | ($18.0m) | $1.1m | $70.8m | |
| Guarantee deposits | — | — | — | — | ($74.7m) | ($168.8m) | ($142.0m) | ($38.0m) | $61.1m | |
| Credit risk mitigation position and guarantee repayments from sales partner | — | — | $928.7m | $281.0m | $138.7m | $6.2m | $234.5m | ($60.9m) | ($424.0m) | |
| Other operating assets | ($289.3m) | ($138.5m) | $197.7m | ($28.4m) | ($102.4m) | ($167.2m) | $15.1m | ($243.9m) | ($279.5m) | |
| Other operating liabilities | $691.1m | $205.5m | ($283.0m) | $140.1m | $69.1m | ($12.5m) | ($12.6m) | ($40.6m) | $187.8m | |
| Loans originated, net of principal collected | ($9.3b) | $785.7m | $4.4b | ($89.2m) | ($2.8b) | ($2.6b) | ($3.0b) | ($819.0m) | $2.9b | |
| Proceeds from disposal of non-marketable equity securities | — | — | $6.0m | — | $10.0m | — | $3.4m | $25.0m | $13.2m | |
| Proceeds from sales of loans | — | $165.6m | $536.3m | $378.3m | $1.0b | $1.1b | $1.2b | $814.6m | $366.4m | |
| Purchased loans with credit deterioration | — | — | — | — | — | — | ($640.3m) | ($436.0m) | ($56.4m) | |
| Proceeds from interest-bearing borrowings | — | $10.9b | $2.8b | $6.0b | $7.1b | $6.1b | $10.4b | $9.5b | $2.8b | |
| Proceeds from contributions from non-controlling shareholders | — | — | — | — | — | $50.8m | $71.5m | — | — | |
| Repurchase of ordinary shares | — | — | — | — | — | ($87.6m) | ($30.7m) | ($4.6m) | ($1.8m) | |
| Repayment of interest-bearing borrowings | ($5.8b) | ($11.4b) | ($10.5b) | ($7.4b) | ($5.1b) | ($6.3b) | ($9.3b) | ($10.8b) | ($7.0b) | |
| Beginning Cash Position | — | — | — | — | — | $2.2b | $1.8b | $2.0b | $1.2b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($288.2m) | $1.0b | ($1.3b) | ($4.2b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($1.1b) | ($2.5b) | ($263.7m) | $3.3b | |
| Change In Other Current Assets | — | — | — | — | — | ($167.2m) | $15.1m | ($243.9m) | ($279.5m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($6.3m) | $221.9m | ($101.5m) | ($236.2m) | |
| Change In Other Working Capital | — | — | — | — | — | ($156.9m) | ($160.0m) | ($36.9m) | $131.8m | |
| Change In Working Capital | — | — | — | — | — | ($330.4m) | $77.0m | ($382.3m) | ($383.9m) | |
| Changes In Cash | — | — | — | — | — | ($467.1m) | $227.4m | ($838.6m) | ($827.5m) | |
| End Cash Position | — | — | — | — | — | $1.8b | $2.0b | $1.2b | $338.2m | |
| Financing Cash Flow | — | — | — | — | — | ($288.2m) | $1.0b | ($1.3b) | ($4.2b) | |
| Free Cash Flow | — | — | — | — | — | $829.4m | $1.6b | $749.3m | $80.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | $0 | $1.5m | ($4.1m) | $972k | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $31k | $148k | ($40k) | $0 | |
| Investing Cash Flow | — | — | — | — | — | ($1.1b) | ($2.5b) | ($263.7m) | $3.3b | |
| Net Business Purchase And Sale | — | — | — | — | $0 | $50.0m | $0 | $0 | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | ($7.4m) | ($3.6m) | ($5.9m) | ($5.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($89.6m) | ($114.5m) | ($7.1m) | ($3.1m) | |
| Operating Gains Losses | — | — | — | — | — | $37.2m | $15.3m | ($3.6m) | $16.3m | |
| Other Non Cash Items | — | — | — | — | — | $964.6m | $1.3b | $1.0b | $605.5m | |
| Purchase Of PPE | — | — | — | — | — | ($89.9m) | ($114.5m) | ($7.9m) | ($3.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($87.6m) | ($30.7m) | ($4.6m) | ($1.8m) | |
| Sale Of Business | — | — | — | — | $0 | $50.0m | $0 | $0 | — | |
| Sale Of PPE | — | — | — | — | — | $320k | $39k | $834k | $447k | |
| Stock Based Compensation | — | — | — | — | — | $5.8m | $7.5m | $14.9m | $0 | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | $363k | $5.8m | $0 | $0 | |
| Gain (Loss) on Sales of Loans, Net | — | ($16.7m) | $76.0m | $149.6m | ($450.7m) | ($44.6m) | ($17.2m) | ($6.5m) | ($21.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $1.3b | $1.3b | $1.3b | $1.1b | $689.7m | $919.3m | $1.7b | $757.2m | $84.4m | |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Property, Plant, and Equipment | $19.8m | $14.8m | $4.4m | $3.2m | $3.8m | $89.9m | $114.5m | $7.9m | $3.6m | |
| Purchases of investment securities | ($360.1m) | ($710.0m) | ($2.6b) | ($7.0b) | ($9.5b) | ($8.6b) | ($2.9b) | ($922.1m) | ($707.0m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $409.8m | $108.6m | $183.8m | $23.5m | |
| Purchase Of Investment | — | — | — | — | — | ($8.6b) | ($2.9b) | ($922.1m) | ($707.0m) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | $38.2m | $7.8m | $31.6m | $7.8m | — | |
| Proceeds from sales of investment securities | $16.3m | $390.1m | $2.7b | $7.2b | $9.0b | $9.0b | $3.0b | $1.1b | $717.3m | |
| Sale Of Investment | — | — | — | — | — | $9.0b | $3.0b | $1.1b | $730.4m | |
| Net cash provided/(used in) investing activities | ($9.6b) | $649.3m | $4.9b | $524.1m | ($2.4b) | ($1.1b) | ($2.5b) | ($263.7m) | $3.3b | |
| Net Cash Provided by (Used in) Investing Activities | ($9.6b) | $641.4m | $4.9b | $524.1m | ($2.4b) | ($1.1b) | ($2.5b) | ($263.7m) | $3.3b | |
| Cash flows from financing activities: | ||||||||||
| Issuance Of Debt | — | — | — | — | — | $6.1b | $10.4b | $9.5b | $2.8b | |
| Long Term Debt Issuance | — | — | — | — | — | $6.1b | $10.4b | $9.5b | $2.8b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($251.3m) | $1.1b | ($1.3b) | ($4.2b) | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($251.3m) | $1.1b | ($1.3b) | ($4.2b) | |
| Long Term Debt Payments | — | — | — | — | — | ($6.3b) | ($9.3b) | ($10.8b) | ($7.0b) | |
| Repayment Of Debt | — | — | — | — | — | ($6.3b) | ($9.3b) | ($10.8b) | ($7.0b) | |
| Net Common Stock Issuance | — | — | — | — | — | ($87.6m) | ($30.7m) | ($4.6m) | ($1.8m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $30.7m | $4.6m | $1.8m | |
| Common Stock Payments | — | — | — | — | — | ($87.6m) | ($30.7m) | ($4.6m) | ($1.8m) | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | $50.8m | $71.5m | — | — | |
| Net Other Financing Charges | — | — | — | — | — | $50.8m | ($71.1m) | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $9.3b | ($2.5m) | ($7.7b) | ($1.4b) | $1.9b | ($288.2m) | $1.0b | ($1.3b) | ($4.2b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | ($1.2m) | $7.8m | $2.0m | $7.4m | ($4.7m) | |
| Effect of exchange rate change on cash, cash equivalents and restricted cash | — | ($201k) | $3.8m | ($20.9m) | ($1.2m) | $7.8m | $2.0m | $7.4m | ($4.7m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | $7.8m | $2.0m | $7.4m | ($4.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $276.5m | $271.7m | ($467.1m) | — | — | — | |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | — | $2.0b | ($1.5b) | $276.5m | $271.7m | ($467.1m) | $227.4m | ($838.6m) | ($827.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $2.0b | $2.2b | $1.8b | $2.0b | $1.2b | $338.2m | |
| Cash, cash equivalents and restricted cash at the beginning of year | — | $3.2b | $1.7b | $2.0b | $2.2b | $1.8b | $2.0b | $1.2b | $338.2m | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($467.1m) | $227.4m | ($838.6m) | ($827.5m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.3b | $2.0b | $1.4b | $728.8m | $832.7m | $792.8m | $726.3m | $776.3m | $470.0m | |
| Income taxes paid, net of refunds | $45.6m | $95.8m | $179.2m | $46.4m | $153.5m | $139.2m | $63.5m | $27.7m | $4.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.