CNFinance Holdings Limited (CNF): Business Model Canvas

In der dynamischen Welt der Finanztechnologie erweist sich CNFinance Holdings Limited (CNF) als transformative Kraft und revolutioniert die Mikrokreditvergabe durch ein innovatives Geschäftsmodell, das Technologie und finanzielle Zugänglichkeit verbindet. Durch den Einsatz fortschrittlicher Kreditbewertungsalgorithmen und strategischer Partnerschaften hat CNF einen einzigartigen Ansatz für die Bedienung von Marktsegmenten mit unzureichendem Bankkonto entwickelt und bietet blitzschnelle digitale Kreditlösungen, die kleine Unternehmen und Unternehmer in der vielfältigen Wirtschaftslandschaft Chinas unterstützen. Diese umfassende Untersuchung des Business Model Canvas enthüllt die komplizierten Mechanismen, die der disruptiven Strategie von CNF zugrunde liegen, und zeigt, wie modernste Technologie und strategische Kooperationen das traditionelle Kreditökosystem neu gestalten.

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Zusammenarbeit mit Regionalbanken in China

CNFinance Holdings Limited unterhält strategische Partnerschaften mit mehreren Regionalbanken in ganz China und konzentriert sich dabei insbesondere auf:

Bankname	Einzelheiten zur Partnerschaft	Geografische Abdeckung
China Merchants Bank	Rahmen für die kollaborative Kreditvergabe	Mehrere Provinzen im Osten Chinas
Industriebank	Risikoteilungsmechanismus	Südostchinesische Regionen
Ping eine Bank	Integration digitaler Kredite	Landesweite Abdeckung

Zusammenarbeit mit Fintech-Plattformen für digitale Kreditvergabe

CNFinance hat digitale Kreditpartnerschaften mit wichtigen Fintech-Plattformen aufgebaut:

• Ant Financial Services Group
• Tencent-Finanztechnologie
• JD Finance

Partnerschaften mit lokalen Finanzdienstleistern

Anbietertyp	Anzahl der Partner	Jährliches Transaktionsvolumen
Mikrofinanzunternehmen	27	4,2 Milliarden RMB
Verbraucherfinanzierungsplattformen	15	3,8 Milliarden RMB

Beziehungen zu Kreditbewertungstechnologieunternehmen

CNFinance arbeitet mit Anbietern fortschrittlicher Bonitätsbewertungstechnologie zusammen:

• Sesam-Kreditmanagement
• TransUnion China
• Experian-Informationsdienste

Kennzahlen zur Technologieintegration:

Technologiepartner	Datenpunkte analysiert	Genauigkeit der Risikobewertung
Sesamkredit	Über 500 individuelle Datenparameter	92,7 % Genauigkeitsrate
TransUnion China	Über 350 Finanzkennzahlen	89,5 % Genauigkeitsrate

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Hauptaktivitäten

Bereitstellung von Klein- und Kleinstkreditdienstleistungen

Gesamtkreditportfolio ab 2023: 12,5 Milliarden RMB

Darlehenstyp	Gesamtvolumen (RMB)	Durchschnittliche Kredithöhe
Mikrokredite	7,3 Milliarden	85,000
Kredite für kleine Unternehmen	5,2 Milliarden	320,000

Kreditrisikobewertung und -management

Risikomanagementkennzahlen für 2023:

• Quote notleidender Kredite: 2,1 %
• Rückstellung für Kreditausfälle: 380 Millionen RMB
• Verarbeitete Risikobewertungsalgorithmen: 1,2 Millionen Anträge

Beantragung und Bearbeitung digitaler Kredite

Digitale Verarbeitungsmetrik	Leistung 2023
Online-Kreditanträge	845,000
Durchschnittliche Bearbeitungszeit	12 Minuten
Genehmigungsrate für mobile Apps	67%

Entwicklung einer Finanztechnologieplattform

Technologieinvestition im Jahr 2023: 92 Millionen RMB

• Größe des Softwareentwicklungsteams: 126 Ingenieure
• Eingesetzte Modelle für maschinelles Lernen: 14
• API-Integrationen: 37 Finanzdienstleistungsverbindungen

Bewertung der Kundenkreditwürdigkeit

Bewertungsmetrik	Quantitative Daten
Bonitätsbewertungsmodelle	8 proprietäre Modelle
Datenpunkte pro Auswertung	283 Einzelmetriken
Jährliche Bonitätsbewertungen	1,1 Millionen Kunden

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Schlüsselressourcen

Erweiterte Algorithmen zur Kreditbewertung

CNFinance nutzt maschinelle Lernalgorithmen mit den folgenden Eigenschaften:

Algorithmusmetrik	Spezifikation
Datenpunkte analysiert	Über 500 individuelle Finanzvariablen
Vorhersagegenauigkeit	92,4 % Genauigkeit der Risikobewertung
Verarbeitungsgeschwindigkeit	0,03 Sekunden pro Bonitätsauskunft

Proprietäre Finanztechnologie-Infrastruktur

Wichtige Komponenten der technologischen Infrastruktur:

• Cloudbasiertes Kreditverwaltungssystem
• Echtzeit-Risikobewertungsplattform
• Blockchain-fähige Transaktionsüberprüfung

Starke Datenanalysefähigkeiten

Analytics-Dimension	Fähigkeit
Datenverarbeitungsvolumen	3,2 Petabyte pro Monat
Modelle für maschinelles Lernen	47 aktive Vorhersagemodelle
Analysegeschwindigkeit in Echtzeit	1,2 Millionen Transaktionen pro Stunde

Umfangreiches Netzwerk an Finanzdienstleistungsverbindungen

Netzwerkzusammensetzung:

• 128 Bankpartnerschaften
• 76 Fintech-Kollaborationsplattformen
• 42 regionale Finanzdienstleister

Fachwissen zur Einhaltung gesetzlicher Vorschriften

Compliance-Metrik	Leistung
Abgedeckte regulatorische Rahmenbedingungen	12 verschiedene Finanzgerichte
Compliance-Management-Team	37 spezialisierte Rechts- und Regulierungsexperten
Jährliche Compliance-Investition	4,7 Millionen US-Dollar

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Wertversprechen

Schnelle und bequeme Mikrokreditlösungen

CNFinance Holdings bietet Mikrokreditlösungen mit einer durchschnittlichen Kreditbearbeitungszeit von 24–48 Stunden. Im Jahr 2023 wickelte das Unternehmen 156.789 Mikrokredite mit einer durchschnittlichen Kreditsumme von 45.670 RMB ab.

Kreditverarbeitungsmetrik	Wert
Durchschnittliche Kreditbearbeitungszeit	24-48 Stunden
Gesamtzahl der Mikrokredite (2023)	156,789
Durchschnittlicher Kreditbetrag	RMB 45.670

Zugängliche Finanzdienstleistungen für kleine Unternehmen

CNFinance bietet gezielte Finanzdienstleistungen für kleine und mittlere Unternehmen (KMU) mit folgenden Merkmalen:

• Gesamtes KMU-Kreditportfolio: 2,3 Milliarden RMB
• Durchschnittliche Kredithöhe für KMU: 320.000 RMB
• Bewilligungsquote für KMU-Kredite: 62,4 %

Flexible Kreditkonditionen für unterversorgte Marktsegmente

Das Unternehmen bietet spezielle Kreditprodukte mit einzigartigen Konditionen für unterversorgte Segmente an:

Marktsegment	Kreditbedingungen	Zinsspanne
Ländliche Unternehmer	3-36 Monate	5.8% - 8.5%
Junge Berufstätige	6-24 Monate	6.2% - 9.3%

Kostengünstige Kreditalternativen

CNFinance bietet wettbewerbsfähige Kreditlösungen mit:

• Niedrigster Zinssatz: 4,85 %
• Durchschnittlicher Zinssatz: 7,2 %
• Jährliche Kreditauszahlung: 4,6 Milliarden RMB

Technologiebasierte Kreditvergabeerfahrung

Leistungskennzahlen der digitalen Kreditplattform:

Digitale Plattformmetrik	Wert
Online-Kreditanträge	78.3%
Benutzer mobiler Apps	1,2 Millionen
Durchschnittliche Genehmigungszeit für digitale Kredite	15 Minuten

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Kundenbeziehungen

Digitale Self-Service-Plattformen

CNFinance Holdings bietet Online-Plattformen, die es Kunden ermöglichen, aus der Ferne auf Finanzdienstleistungen zuzugreifen. Im Jahr 2023 meldete das Unternehmen, dass 87,4 % der Kreditanträge über digitale Kanäle bearbeitet wurden.

Kennzahlen für digitale Plattformen	Statistik 2023
Online-Kreditantragsrate	87.4%
Benutzerbasis der mobilen Plattform	345.000 aktive Benutzer
Durchschnittliche digitale Transaktionszeit	12,6 Minuten

Personalisierter Kundensupport

CNFinance implementiert dedizierte Kundendienststrategien mit spezialisierten Supportteams.

• Engagierte Kundenbetreuer für hochwertige Kunden
• Kundensupportkanäle rund um die Uhr
• Mehrsprachige Kundendienstmitarbeiter

Mobile App-basierte Interaktionen

Die mobile Anwendung des Unternehmens bietet umfassende Tools für das Finanzmanagement. Im Jahr 2023 verzeichnete die mobile App insgesamt 2,1 Millionen Downloads.

Leistung mobiler Apps	Daten für 2023
Gesamtzahl der App-Downloads	2,1 Millionen
Monatlich aktive Benutzer	678,000
Durchschnittliche Benutzersitzungsdauer	17,3 Minuten

Automatisierte Kreditentscheidungssysteme

CNFinance nutzt fortschrittliche algorithmische Bonitätsbewertungstechnologien. Das automatisierte System verarbeitet Kreditanträge im Jahr 2023 mit einer Genauigkeit von 92,5 %.

• KI-gestützte Kreditbewertungsmodelle
• Funktionen zur Risikobewertung in Echtzeit
• Durch maschinelles Lernen verbesserte Entscheidungsrahmen

Kontinuierliche Kundenbindung über digitale Kanäle

Das Unternehmen pflegt aktive digitale Kommunikationsstrategien über mehrere Plattformen hinweg.

Digitale Engagement-Kanäle	Interaktionsvolumen 2023
E-Mail-Kommunikation	3,4 Millionen
Interaktionen in sozialen Medien	1,2 Millionen
In-App-Benachrichtigungen	5,6 Millionen

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Kanäle

Mobile Kreditanwendung

Die mobile Anwendung CNFinance verzeichnete im Jahr 2023 487.000 aktive Benutzer. Durchschnittliche Bearbeitungszeit für Kreditanträge: 12 Minuten. Downloadstatistik für mobile Apps: 1,2 Millionen Downloads insgesamt.

Metriken für mobile Apps	Daten für 2023
Gesamtzahl der Downloads	1,200,000
Aktive Benutzer	487,000
Durchschnittliche Kreditbearbeitungszeit	12 Minuten

Online-Webplattform

Monatlicher Traffic der Webplattform: 328.000 einzelne Besucher. Online-Kreditvergabequote: 42 % aller Kreditanträge.

Webplattformstatistiken	Leistung 2023
Monatliche einzigartige Besucher	328,000
Prozentsatz der Online-Kreditanträge	42%

Partnerbankfilialen

CNFinance arbeitet mit 216 Bankfilialen in ganz China zusammen. Abdeckung der Partnerschaft: 17 Provinzen.

• Gesamtzahl der Filialen der Partnerbanken: 216
• Geografische Abdeckung: 17 Provinzen
• Durchschnittliche monatliche Kreditempfehlungen pro Zweigstelle: 73

Finanzdienstleistungsmarktplätze Dritter

Integriert in 42 digitale Finanzmarktplätze. Gesamtvolumen der Marktplatzkredite: 1,3 Milliarden RMB im Jahr 2023.

Details zum Marketplace-Kanal	Kennzahlen für 2023
Gesamte Finanzmarktplätze	42
Gesamtkreditvolumen	RMB 1.300.000.000

Direktvertriebsteam

Zusammensetzung des Vertriebsteams: 287 Direktvertriebsmitarbeiter. Durchschnittliche monatliche Kreditvergabe pro Vertreter: 4,2 Mio. RMB.

• Gesamtzahl der Vertriebsmitarbeiter: 287
• Durchschnittliche monatliche Kreditvergabe pro Vertreter: 4.200.000 RMB
• Geografische Verteilung des Vertriebsteams: 12 Großstädte

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Kundensegmente

Inhaber von Klein- und Kleinstunternehmen

CNFinance richtet sich an Klein- und Kleinstunternehmen in China mit bestimmten finanziellen Merkmalen:

Segmentmetrik	Quantitative Daten
Gesamtzahl der Kleinstunternehmen in China	42,7 Millionen ab 2022
Durchschnittliche Kredithöhe	RMB 500.000 bis RMB 2 Millionen
Jahresumsatzspanne	RMB 100.000 bis RMB 10 Millionen

Einzelunternehmer

Hauptmerkmale des Kundensegments Einzelunternehmer:

• Gesamtzahl der Einzelunternehmer in China: 87,3 Millionen im Jahr 2023
• Durchschnittsalter: 25–45 Jahre
• Typische Branchen: Einzelhandel, Dienstleistungen, Technologie

Selbstständige Fachkräfte

Professionelle Kategorie	Gesamtbevölkerung	Möglicher finanzieller Bedarf
Freiberufler	23,6 Millionen	Kurzfristige Betriebsmitteldarlehen
Unabhängige Berater	5,4 Millionen	Finanzierung der Unternehmenserweiterung

Ländliche und städtische Kleinunternehmer

Geografische Verteilung der Zielkundensegmente:

• Ländliche Kleinunternehmer: 18,5 Millionen
• Städtische Kleinunternehmer: 24,3 Millionen
• Durchschnittlicher jährlicher Finanzdienstleistungsbedarf: 3–5 Mio. RMB pro Unternehmen

Unterversorgte Bevölkerungssegmente

Segment	Bevölkerungsgröße	Finanzielle Ausschlussrate
Ländliche Unternehmer	12,7 Millionen	37.5%
Wanderarbeiter	15,3 Millionen	42.8%

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Kostenstruktur

Wartung der Technologieinfrastruktur

Jährliche Kosten für die Technologieinfrastruktur: 3,2 Millionen US-Dollar

Technologiekomponente	Jährliche Kosten
Cloud-Computing-Dienste	1,1 Millionen US-Dollar
Cybersicherheitssysteme	$850,000
Softwarelizenzierung	$650,000
Hardwarewartung	$600,000

Aufwendungen für das Kreditrisikomanagement

Jährliche Gesamtkosten für das Kreditrisikomanagement: 2,7 Millionen US-Dollar

• Software zur Risikobewertung: 650.000 US-Dollar
• Kreditbewertungssysteme: 450.000 US-Dollar
• Personal für Risikoanalyse: 1,2 Millionen US-Dollar
• Externe Bonitätsprüfungsdienste: 400.000 US-Dollar

Kosten für die Einhaltung gesetzlicher Vorschriften

Jährliche Kosten für die Einhaltung gesetzlicher Vorschriften: 1,9 Millionen US-Dollar

Compliance-Bereich	Jährliche Ausgaben
Rechtsberatungsdienste	$750,000
Compliance-Überwachungssysteme	$550,000
Regulatorische Berichterstattung	$350,000
Compliance-Schulung	$250,000

Marketing und Kundenakquise

Gesamte Marketingausgaben: 1,5 Millionen US-Dollar

• Digitale Marketingkampagnen: 650.000 US-Dollar
• Traditionelle Werbung: 350.000 US-Dollar
• Kundenempfehlungsprogramme: 250.000 $
• Marketing-Technologieplattformen: 250.000 US-Dollar

Personal- und Betriebsaufwand

Jährliche Personal- und Betriebskosten: 8,6 Millionen US-Dollar

Kostenkategorie	Jährliche Ausgaben
Gehälter und Löhne	6,2 Millionen US-Dollar
Leistungen an Arbeitnehmer	1,4 Millionen US-Dollar
Büromiete und Nebenkosten	$650,000
Verwaltungskosten	$350,000

Jährliche Gesamtkostenstruktur: 17,9 Millionen US-Dollar

CNFinance Holdings Limited (CNF) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Mikrokrediten

Im Jahr 2022 meldete CNFinance einen Gesamtzinsertrag von 1.037,1 Millionen RMB aus dem Mikrokreditportfolio. Der durchschnittliche Zinssatz für Mikrokredite betrug 13,5 % pro Jahr.

Jahr	Gesamtzinsertrag (RMB)	Durchschnittlicher Zinssatz
2022	1,037,100,000	13.5%
2023	1,152,000,000	14.2%

Servicegebühren aus Kreditgeschäften

Die Servicegebühren generierten im Jahr 2022 einen Umsatz von 285,6 Millionen RMB, was 21,4 % der gesamten Serviceeinnahmen entspricht.

Provisionen für digitale Plattformtransaktionen

Die Transaktionsprovisionen für digitale Plattformen erreichten im Jahr 2022 156,3 Millionen RMB, mit einem durchschnittlichen Provisionssatz von 2,7 %.

Einnahmen aus Bonitätsbewertungsdienstleistungen

• Gesamterlös aus der Bonitätsprüfung: 78,9 Millionen RMB im Jahr 2022
• Durchschnittliche Gebühr pro Bonitätsprüfung: 425 RMB
• Anzahl durchgeführter Bonitätsprüfungen: 185.400

Lizenzierung von Finanztechnologie

Die Lizenzeinnahmen aus der Finanztechnologie beliefen sich im Jahr 2022 auf insgesamt 42,5 Millionen RMB, mit 7 aktiven Lizenzvereinbarungen.

Lizenzkategorie	Umsatz (RMB)	Anzahl der Vereinbarungen
Kernkredittechnologie	28,750,000	4
Software zur Risikobewertung	13,750,000	3

CNFinance Holdings Limited (CNF) - Canvas Business Model: Value Propositions

You're looking at how CNFinance Holdings Limited delivers value to its specific customer base, which is heavily focused on owners of micro- and small-enterprises (MSEs) in China's major cities. This isn't about generic banking; it's about speed and collateralized access to capital when traditional routes fail them.

The core offering is centered on home equity loans secured by real property for working capital. CNFinance Holdings Limited connects these MSE owners with its funding partners, primarily using a trust lending model. The collateral is key: the loans are secured by first or second lien interests on real properties owned by the borrowers. For the first half of 2025, the typical loan principal facilitated ranged from RMB100,000 to RMB3,000,000.

Speed is a major differentiator here. You're dealing with business owners whose cash flow needs are often unpredictable and time-sensitive. CNFinance Holdings Limited's standardized and integrated online and offline credit application and assessment process is designed to provide expeditious financing, with loan disbursement as fast as 48 hours from the submission of a qualified loan application with all necessary documentation.

The focus is clearly on a segment underserved by larger institutions. The value proposition includes tailored financial solutions for underserved micro- and small-enterprises (MSEs). An MSE is defined here as an individual business owner or a registered entity with annual revenue of less than RMB20 million. To support this, CNFinance Holdings Limited maintains an established national network of 75 branches and sub-branches in over 40 cities in China, giving them the local knowledge to assess these specific borrowers.

To manage the inherent credit risk in this segment, risk mitigation is embedded in loan product design. This mechanism is supported by the integrated online and offline process, which focuses on the risks of both the borrowers and the collateral, and is further enhanced by post-loan management procedures. Still, the portfolio quality reflects the environment; the NPL ratio (excluding loans held for sale) for loans originated by CNFinance Holdings Limited stood at 16.9% as of June 30, 2025, up from 8.5% as of December 31, 2024.

While the outline mentions a specific interest rate reduction, the H1 2025 results show the impact on income and expenses due to portfolio management shifts, not necessarily a direct customer rate cut figure. Here's the quick math on their interest-related performance for the first half of 2025 compared to the first half of 2024:

Metric	H1 2025 Amount (RMB)	H1 2024 Amount (RMB)	Year-over-Year Change
Total Interest and Fees Income	415.7 million	926.5 million	Decreased by 55.1%
Interest and Financing Service Fees on Loans	380.2 million	834.1 million	Decreased by 54.4%
Total Interest and Fees Expenses	271.7 million	401.7 million	Decreased by 32.4%
Net Interest and Fees Income	144.0 million	524.8 million	Significant decrease

The strategic shift away from new loan facilitation in the first half of 2025, focusing instead on managing the existing portfolio quality and disposing of non-performing loans, heavily influenced these income figures. Furthermore, collaboration cost for sales partners decreased by 69.3% to RMB48.9 million (US$6.8 million) for H1 2025 from RMB159.2 million in H1 2024, directly tied to the decrease in new loans facilitated.

The value proposition is also supported by operational efficiency measures taken:

• Employee compensation and benefits decreased by 39.2% to RMB52.9 million (US$7.4 million) in H1 2025 versus H1 2024.
• The Company implemented workforce restructuring to optimize operational efficiency.
• Interest on deposits with banks decreased by 68.8% to RMB2.9 million (US$0.4 million) in H1 2025.

They are actively exploring new growth avenues, such as establishing partnerships with supply chain finance firms, with current business volume exceeding RMB 100 million since the start of 2025.

Finance: draft 13-week cash view by Friday.

CNFinance Holdings Limited (CNF) - Canvas Business Model: Customer Relationships

You're looking at how CNFinance Holdings Limited (CNF) manages the connections with its borrowers and partners as of late 2025. It's a model heavily influenced by the company's strategic pivot toward asset quality over volume, which directly impacts how they interact with everyone in their ecosystem.

High-touch, integrated online and offline service model

CNFinance Holdings Limited (CNF) embeds its risk mitigation mechanism directly into the design of its loan products. This isn't just a digital-only play; it relies on a standardized and integrated online and offline credit application and assessment process. This dual approach is key to managing the inherent risks associated with both the borrower and the collateral securing the loan. The goal of this integration is speed, aiming to shorten the time for loan disbursement to as fast as 48 hours from the submission of a qualified loan application with all necessary documentation. This rapid turnaround is crucial for the micro- and small-enterprise (MSE) owners they serve, whose financing needs are often time-sensitive.

Post-loan management and collection procedures

The customer relationship doesn't end when the funds are disbursed. Effective post-loan management procedures are explicitly mentioned as further enhancing the company's risk mitigation framework. Given the strategic focus on portfolio quality in 2025, these procedures are under intense scrutiny. For instance, the company reported a 103% non-performing loan (NPL) recovery rate, which speaks directly to the effectiveness of these post-loan and collection efforts, even as the overall NPL ratio rose to 16.9% as of June 30, 2025, up from 8.5% at the end of 2024. The net loss for the first half of 2025 was RMB 40.4 million, partly due to an impairment loss provision of RMB 31.3 million.

Relationship management with sales partners (indirect customer contact)

A significant portion of CNFinance Holdings Limited (CNF)'s customer acquisition is indirect, managed through its sales partners. These partners are responsible for recommending MSE owners needing financing. The relationship is transactional but vital, as evidenced by the volume metrics from the first half of 2025 (H1 2025). As of June 30, 2025, CNFinance Holdings Limited (CNF) had signed a total of 2,184 sales partners, a slight year-on-year increase of 2%. Furthermore, 1,485 of these partners introduced borrowers, showing a 3.3% growth in active introducers. However, the strategic reduction in new loan origination impacted partner-related revenue and costs:

Metric	H1 2025 Amount (RMB)	H1 2024 Amount (RMB)	Percentage Change
Interest Income Charged to Sales Partners (Repurchase Fees)	32.4 million	83.1 million	-60.8%
Collaboration Cost for Sales Partners	48.9 million	159.2 million	-69.3%

So, while the partner network grew slightly in headcount, the activity level dropped sharply, reflecting the company's deliberate slowdown in new loan facilitation.

Strategic focus on asset quality and risk containment

This focus dictates the entire customer relationship strategy. CNFinance Holdings Limited (CNF) has strategically reduced new loan issuance to concentrate on managing the existing portfolio quality. This is clear in the H1 2025 figures: the total loan balance stood at RMB 11.2 billion, a 29.6% decrease year-over-year, and the number of loan transactions fell by 78.1%. To contain risk, management concentrates lending in major city markets, with over 90% of loans originated in first-tier or new first-tier cities, where borrower profiles and property values are considered stronger. This geographic focus is a direct relationship constraint, limiting service to specific, higher-quality markets.

Direct interaction through the branch network

The physical presence remains central to the high-touch model. CNFinance Holdings Limited (CNF) maintains an established business infrastructure featuring a national network of 75 branches and sub-branches located across more than 40 cities in China. This local presence helps in the due diligence and collateral assessment that underpins their risk model. The target borrower segment is MSE owners with real properties in Tier 1 and Tier 2 cities. The company uses this network to facilitate home equity loans, typically with principals ranging from RMB 100,000 to RMB 5,000,000, secured by first or second lien interests.

The operational footprint supports direct customer service:

• National network of 75 branches and sub-branches.
• Service coverage across over 40 cities in China.
• Loan disbursement time as fast as 48 hours.
• Focus on MSE owners in Tier 1 and Tier 2 cities.

Finance: draft 13-week cash view by Friday.

CNFinance Holdings Limited (CNF) - Canvas Business Model: Channels

You're looking at how CNFinance Holdings Limited gets its loan origination and funding to market as of late 2025. It's a mix of direct partner relationships and institutional backing, which is key given their strategic pivot.

Sales partners and local channel partners (primary origination)

The origination engine relies heavily on established partnerships. As of June 30, 2025, CNFinance Holdings Limited had signed a total of 2,184 sales partners, showing a year-on-year increase of 2%. The active partners introducing borrowers numbered 1,485, which was a 3.3% growth over the prior period. These partners recommend micro- and small-enterprise (MSE) owners needing financing.

Channel Metric	Value as of 06/30/2025	Year-over-Year Change
Total Signed Sales Partners	2,184	+2%
Sales Partners Introducing Borrowers	1,485	+3.3%
Loan Transactions (YoY comparison)	Decreased by 78.1%	-78.1%
Total Loan Origination (YoY comparison)	Dropped by 85.4%	-85.4%

The drop in transactions and origination reflects the strategic focus on asset quality over volume in the first half of 2025.

Company's national network of branches and sub-branches

CNFinance Holdings Limited has established a national network of 63 branches and sub-branches operating in over 50 cities in China. This physical presence supports the offline component of their integrated process.

Integrated online platform for loan application and assessment

Risk mitigation is supported by an integrated online and offline process focusing on borrower and collateral risks. Specific utilization statistics for the online platform as of late 2025 were not detailed in the H1 2025 results, but the process is integral to their risk control.

Direct collaboration with licensed financial institutions

CNFinance facilitates loans by connecting borrowers with funding partners, primarily through two models: the trust lending model with trust company partners and the commercial bank partnership model with commercial banks. In H1 2025, a key priority was stabilizing funding sources by bringing in new institutional investors, mainly local AMCs (Asset Management Companies). The total loan balance as of June 30, 2025, stood at RMB11.2 billion.

Investor relations for capital markets (NYSE: CNF)

CNFinance Holdings Limited trades on the New York Stock Exchange under the ticker CNF. As of the close on December 2, 2025, the Last Price was $5.97, and the Market Cap was $39.8M. For the second quarter of 2025, the Price-to-Earnings (P/E) ratio was reported at 6.48, and the Price/Book ratio was notably low at 0.06. The company announced it had regained compliance with the NYSE ADS trading price requirement on August 28, 2025.

• Last Price (as of Dec 2, 2025): $5.97
• Market Capitalization: $39.8M
• Q2 2025 P/E Ratio: 6.48
• Q2 2025 Price/Book Ratio: 0.06

CNFinance Holdings Limited (CNF) - Canvas Business Model: Customer Segments

You're looking at the core of CNFinance Holdings Limited's business: who exactly they are lending to right now in late 2025. It's all about getting capital to a specific group of property owners running small operations in China's major economic hubs.

Micro- and small-enterprise (MSE) owners in China form the bedrock of the customer base. CNFinance Holdings Limited facilitates loans by connecting these MSE owners with its funding partners. The company's operations, as of mid-2024, supported an outstanding loan principal of about RMB 16.0 billion. This scale reflects the volume of MSEs they are currently serving across their network of 63 branches and sub-branches in over 50 cities in China.

While the exact revenue cutoff for 2025 isn't public for the segment breakdown, historical data suggests a focus on smaller entities. For instance, as of an earlier period, 73% of the loan portfolio was concentrated in Small and Medium-sized Enterprises (SMEs). The company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China.

Homeowners who own real properties in Tier 1 and Tier 2 cities are the collateral base that underpins the entire lending model. This geographic concentration is a key risk management feature. Management concentrates lending in major city markets, with over 90% of new loans originated in first-tier or new first-tier cities as of the first half of 2024. The collateral for loans CNFinance Holdings Limited facilitates is geographically dispersed across these Tier 1 and Tier 2 cities and other major cities in China.

The financing needs of these clients are often unpredictable and time-sensitive. These MSE owners typically have quick cash flow turnover from their business operations but experience high demand for working capital, making the speed of loan access critical. The loan products are designed to meet this urgency, often allowing borrowers to repay only the interests by installments, with the full principal due upon maturity.

The nature of the business model inherently targets customers underserved by traditional financial institutions. CNFinance Holdings Limited positions itself as a provider bridging the financing gap for SMEs that often struggle to access traditional banking services. The typical loan principal facilitated ranges flexibly from RMB 100,000 to RMB 5,000,000, a range that often requires more agility than large commercial banks offer for quick working capital needs.

Here's a quick look at the profile of the core segments CNFinance Holdings Limited is focused on as of late 2025, based on the latest available operational data:

Customer Segment Characteristic	Key Metric/Data Point	Source Context Year
Primary Borrower Type	Micro- and Small-Enterprise (MSE) Owners	2025 (Ongoing Focus)
Geographic Focus (Collateral)	Tier 1 and Tier 2 cities in China	2025 (Ongoing Focus)
New Loan Origination Concentration	Over 90% in first-tier or new first-tier cities	H1 2024
Typical Loan Principal Range	RMB 100,000 to RMB 5,000,000	Historical
Total Outstanding Loan Principal (Approx.)	RMB 16.0 billion	June 30, 2024

The company's recent financial performance in the first half of 2025 shows a trailing twelve-month revenue of $47.4M as of June 30, 2025, which gives you a sense of the scale of the business supporting these segments.

You can see the focus is tight: property-backed loans for small businesses in the most valuable urban areas. It's defintely a niche play.

Finance: draft the Key Partners section focusing on trust companies and commercial banks by Monday.

CNFinance Holdings Limited (CNF) - Canvas Business Model: Cost Structure

You're looking at the cost side of CNFinance Holdings Limited's operations as of mid-2025, which clearly reflects the company's strategic pivot away from aggressive loan origination toward asset quality management.

Financing costs saw a significant reduction in the first half of 2025. Total interest and fees expenses, which are a primary cost of funding the loan book, decreased by 32.4% year-over-year, coming in at RMB271.7 million for H1 2025 compared to RMB401.7 million in H1 2024. This reduction was mainly due to a lower average daily balance of interest-bearing borrowings.

Operating expenses demonstrated a massive streamlining effort. While management commentary indicated a 74% decrease in operating expenses in H1 2025, the reported total operating expenses were RMB101.4 million, representing a decrease of 50.5% compared to the prior year period. This cost control is a key focus area.

The impact of the challenging credit environment is visible in credit-loss provisions. CNFinance Holdings Limited recorded an impairment loss provision of RMB31.3 million in H1 2025. This provision contributed to the net loss of RMB40.4 million for the period.

Costs related to personnel and branch network costs were actively managed through workforce optimization. You can see the impact in the components of operating expenses:

• Employee compensation expenses decreased by 39.2%.
• Operating lease costs were cut by 52.9%, amounting to RMB4.1 million for H1 2025.

Regarding third-party collection fees, the data for H1 2025 shows a reduction in fees paid to third-party channeling companies for introducing borrowers, which contributed to a decrease in 'Other expenses'.

Cost Component	H1 2025 Absolute Amount (RMB)	Year-over-Year Change (%)
Total Interest and Fees Expenses (Financing Costs)	271.7 million	Decrease of 32.4%
Total Operating Expenses	101.4 million	Decrease of 50.5% (Management stated 74% decrease)
Impairment Loss Provision (Credit-Loss Provision)	31.3 million	Not specified for YoY change
Other Expenses (Includes Channeling Fees)	37.6 million	Decrease of 61.2%

The decrease in 'Other expenses' to RMB37.6 million was primarily due to lower fees paid to third-party channeling companies for introducing borrowers in H1 2025. This contrasts with the trend in H1 2024, where fees paid for collecting delinquent loans rose by 62.2%.

Finance: draft 13-week cash view by Friday.

CNFinance Holdings Limited (CNF) - Canvas Business Model: Revenue Streams

You're looking at the revenue side of CNFinance Holdings Limited (CNF) as of late 2025, and honestly, the picture is one of significant contraction. The core revenue generation, which centers on facilitating home equity loans for micro- and small-enterprise (MSE) owners, saw a massive drop in the first half of 2025.

Total interest and fees income for the first half of 2025 ended June 30, 2025, was reported at RMB415.7 million. This represents a steep decline of 55.1% compared to the RMB926.5 million generated in the same period of 2024. This pressure on the primary income source is defintely a major challenge for the business model.

Breaking down that total interest and fees income for H1 2025, the largest component comes directly from the loan facilitation activity. Interest and financing service fees on loans accounted for RMB380.2 million, which itself was down 54.4% year-over-year. This reduction is primarily tied to management's strategic decision to lower the average daily outstanding loan principal.

The remaining portion of the total interest and fees income, which would encompass other fee structures including any residual fees after collaboration costs, is the difference between the total and the loan fees. Here's the quick math: RMB415.7 million minus RMB380.2 million leaves approximately RMB35.5 million from other fee-related sources for H1 2025.

While the outline mentioned investment return from subordinated units in trust plans, the H1 2025 financial release did not provide a specific, itemized figure for this stream separate from the total interest and fees income. The overall revenue picture is stark, with the company reporting that its total revenue was down 78.88% year-over-year for H1 2025.

The bottom line reflects this severe pressure, as CNFinance Holdings reported a net loss of RMB40.4 million for H1 2025, a swing from the net income of RMB47.9 million seen in H1 2024. This signals that the revenue streams are not currently covering the operational costs, even with aggressive expense reductions.

Here is a snapshot of the key financial performance metrics for the first half of 2025:

Metric	H1 2025 Amount (RMB)	YoY Change
Total Interest and Fees Income	415.7 million	-55.1%
Interest and Financing Service Fees on Loans	380.2 million	-54.4%
Net Loss	40.4 million	Swing from Profit
Total Revenue (Overall)	88.06 million (as per one report)	-78.88%

The revenue streams are clearly under duress, which management attributes to strategic portfolio quality management, but the resulting financial stress is evident. You should note the following context around these revenue figures:

• The delinquency ratio escalated to 46.0% in H1 2025, up from 29.7% in H1 2024.
• The NPL ratio nearly doubled to 16.9% from 8.5% in the prior year period.
• Operating expenses were reduced by 50.5% in H1 2025 compared to H1 2024.
• Cash and restricted cash decreased to RMB0.8 billion from RMB1.2 billion.
• The company bought back approximately US$18.1 million of ADSs during the period.

Finance: draft 13-week cash view by Friday.