This is a paid press release. Contact the press release distributor directly with any inquiries.
CNFinance Announces First Half of 2026 Unaudited Financial Results
GUANGZHOU, China, Aug. 28, 2026 /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 half of 2026 ended June 30, 2026.
“During the first half of 2026, we continued to execute our strategy of optimizing our existing portfolio, strengthening asset recovery and improving the quality and efficiency of our business. Against a challenging macroeconomic and industry backdrop, we made meaningful progress in the resolution of existing assets, with cash recoveries from overdue loans reaching approximately RMB600 million and an overall recovery rate of 103%. These results reflect the effectiveness of our asset recovery and disposal capabilities and our continued focus on disciplined portfolio management.
At the same time, we continued to streamline our operations and strengthen cost discipline. Operating expenses decreased by approximately 58% year over year, reflecting the progress we have made in organizational optimization and operational efficiency. We also continued to proactively manage our existing loan portfolio.
Our financial results for the first half of 2026 reflect the ongoing transition of our business, including the substantial reduction of our outstanding loan portfolio and the recognition of credit-loss provisions associated with our existing portfolio. While this transition has resulted in near-term pressure on our financial performance, we believe that the actions we are taking are important to strengthening the quality of our balance sheet, improving operating efficiency and positioning the Company for more sustainable development.
Looking ahead, we will remain focused on accelerating asset recovery, executing selected new business initiatives with disciplined risk management, and continuing to enhance organizational efficiency. We will remain prudent in managing our capital and resources while seeking to build a more resilient and sustainable business and create long-term value for our shareholders,” commented Mr. Zhai Bin, Chairman and Chief Executive Officer of CNFinance.
First Half of 2026 Financial Results
Total interest and fees income was RMB89.5 million (US$13.2 million) for the first half of 2026, compared to RMB415.7 million in the same period of 2025.
Interest and financing service fees on loanswas RMB87.7 million (US$13.0 million) for the first half of 2026, compared to RMB380.2 million in the same period of 2025, primarily attributable to the decrease of average daily outstanding loan principal as the Company continued to optimize its existing portfolio and exercise discipline over new loan disbursements.
