CNFinance to Report Second Quarter and First Half of 2020 Financial Results on Monday, August 24, 2020
CNFinance Holdings Limited (NYSE: CNF), a prominent home equity loan service provider in China, announced it will release its unaudited financial results for Q2 and the first half of 2020 on August 24, 2020, before U.S. markets open. An earnings conference call will take place on the same day at 8:00 AM U.S. Eastern Time. CNFinance primarily targets micro and small enterprise owners in Tier 1 and Tier 2 cities, offering loans funded through a trust lending model. The company emphasizes risk mitigation in its loan products.
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GUANGZHOU, China, Aug. 17, 2020 /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, 2020, before U.S. markets open on Monday, August 24, 2020.
CNFinance's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, August 24, 2020 (8:00 PM Beijing/ Hong Kong Time on the same day).
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: | +852-3018-4992 |
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, 2020.
Dial-in numbers for the replay are as follows:
International: | +1-412-317-0088 |
United States: | +1-877-344-7529 |
Passcode: | 10147085 |
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 CNFinance 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 facilitates 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.
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SOURCE CNFinance Holdings Limited
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