CNFinance to Report Second Quarter and First Half 2022 Financial Results on Wednesday, August 24, 2022

Rhea-AI Summary

CNFinance Holdings Limited (NYSE: CNF), a prominent home equity loan service provider in China, is set to announce its unaudited financial results for Q2 and H1 2022 on August 24, 2022. The announcement will occur before U.S. markets open, with management hosting an earnings call at 8:00 AM ET on the same day. The company operates by partnering with sales and trust companies, focusing on micro- and small-enterprise owners in Tier 1 and Tier 2 cities. CNFinance's risk management is integral to its loan products and enhanced by both online and offline processes.

Positive

• - Strong market position as a leading home equity loan service provider in China.
• - Engages in a risk mitigation mechanism embedded in loan product design.
• - Focus on micro- and small-enterprise owners, a significant borrower segment.

Negative

• None.

GUANGZHOU, China, Aug. 17, 2022 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced that it will report its unaudited financial results for the second quarter and first half ended June 30, 2022, before U.S. markets open on Wednesday, August 24, 2022.

CNFinance's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, August 24, 2022 (8:00 PM Beijing/ Hong Kong Time on Wednesday, August 24, 2022).

Dial-in numbers for the live conference call are as follows:

International:	+1-412-902-4272
Mainland China	+86-4001-201203
United States:	+1-888-346-8982
Hong Kong:	+852-301-84992
Passcode:	CNFinance

A telephone replay of the call will be available after the conclusion of the conference call until 11:59 PM ET on August 31, 2022.

Dial-in numbers for the replay are as follows:

International:	+1-412-317-0088
United States:	+1-877-344-7529
Passcode:	9595023

A live and archived webcast of the conference call will be available on the Investor Relations section of CNFinance's website at http://ir.cashchina.cn/.

About CNFinance Holdings Limited

CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China. CNFinance conducts business by collaborating with sales partners and trust company partners. Sales partners are responsible for recommending micro- and small-enterprise ("MSE") owners with financing needs to the Company and the Company introduces eligible borrowers to its trust company partners who will then conduct their own risk assessments and make credit decisions. The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. The loans CNFinance facilitated are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide. The Company's risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.

View original content:https://www.prnewswire.com/news-releases/cnfinance-to-report-second-quarter-and-first-half-2022-financial-results-on-wednesday-august-24-2022-301607487.html

SOURCE CNFinance Holdings Limited

FAQ

When will CNFinance report its financial results for Q2 and H1 2022?

CNFinance will report its financial results on August 24, 2022, before U.S. markets open.

What time is the earnings conference call for CNFinance?

The earnings conference call will be held at 8:00 AM ET on August 24, 2022.

What is the main target borrower segment for CNFinance?

CNFinance primarily targets micro- and small-enterprise owners who own properties in Tier 1 and Tier 2 cities in China.

How does CNFinance manage risk in its loan products?

CNFinance's risk management is integrated into its loan product design and is supported by both online and offline risk assessment processes.