CNFinance Holdings Limited (CNF): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da tecnologia financeira, a CNFinance Holdings Limited (CNF) surge como uma força transformadora, revolucionando micro-comprimento por meio de um modelo de negócios inovador que preenche a tecnologia e a acessibilidade financeira. Ao alavancar algoritmos avançados de pontuação de crédito e parcerias estratégicas, a CNF criou uma abordagem única para servir os segmentos de mercado com base nos bancos, oferecendo soluções de empréstimos digitais rápidos e rápidos que capacitam pequenas empresas e empresários em todo o cenário econômico da China. Esse modelo abrangente de exploração de tela de negócios revela os intrincados mecanismos que impulsionam a estratégia disruptiva da CNF, revelando como a tecnologia de ponta e as colaborações estratégicas estão remodelando o ecossistema de empréstimo tradicional.

CNFinance Holdings Limited (CNF) - Modelo de negócios: Parcerias -chave

Cooperação estratégica com bancos regionais na China

A CNFinance Holdings Limited mantém parcerias estratégicas com vários bancos regionais em toda a China, focando especificamente:

Nome do banco	Detalhes da parceria	Cobertura geográfica
China Merchants Bank	Estrutura de empréstimos colaborativos	Várias províncias no leste da China
Banco Industrial	Mecanismo de compartilhamento de risco	Regiões chinesas do sudeste
Ping um banco	Integração de empréstimos digitais	Cobertura nacional

Colaboração com plataformas de fintech para empréstimos digitais

A CNFinance estabeleceu parcerias de empréstimos digitais com as principais plataformas de fintech:

• Grupo de Serviços Financeiros da ANT
• Tecnologia financeira de Tencent
• JD Finance

Parcerias com provedores de serviços financeiros locais

Tipo de provedor	Número de parceiros	Volume anual de transações
Empresas de microfinanças	27	RMB 4,2 bilhões
Plataformas de finanças do consumidor	15	RMB 3,8 bilhões

Relacionamentos com empresas de tecnologia de avaliação de crédito

A CNFinance colabora com fornecedores avançados de tecnologia de avaliação de crédito:

• Gerenciamento de crédito de gergelim
• TransUnion China
• Serviços de informação Experian

Métricas de integração de tecnologia:

Parceiro de tecnologia	Pontos de dados analisados	Precisão da avaliação de risco
Crédito do gergelim	Mais de 500 parâmetros de dados individuais	92,7% da taxa de precisão
TransUnion China	Mais de 350 indicadores financeiros	89,5% de taxa de precisão

CNFinance Holdings Limited (CNF) - Modelo de negócios: Atividades -chave

Fornecendo serviços de empréstimos pequenos e micro

Portfólio de empréstimos totais em 2023: 12,5 bilhões de RMB

Tipo de empréstimo	Volume total (RMB)	Tamanho médio do empréstimo
Micro empréstimos	7,3 bilhões	85,000
Empréstimos para pequenas empresas	5,2 bilhões	320,000

Avaliação e gerenciamento de risco de crédito

Métricas de gerenciamento de riscos para 2023:

• Taxa de empréstimo sem desempenho: 2,1%
• Provisão de perda de empréstimo: 380 milhões de RMB
• Algoritmos de avaliação de risco processados: 1,2 milhão de aplicativos

Pedido de empréstimo digital e processamento

Métrica de processamento digital	2023 desempenho
Pedidos de empréstimo on -line	845,000
Tempo médio de processamento	12 minutos
Taxa de aprovação de aplicativos móveis	67%

Desenvolvimento da plataforma de tecnologia financeira

Investimento de tecnologia em 2023: 92 milhões de RMB

• Tamanho da equipe de desenvolvimento de software: 126 engenheiros
• Modelos de aprendizado de máquina implantados: 14
• Integrações da API: 37 conexões de serviço financeiro

Avaliação de crédito ao cliente

Métrica de avaliação	Dados quantitativos
Modelos de pontuação de crédito	8 Modelos proprietários
Pontos de dados por avaliação	283 métricas individuais
Avaliações de crédito anuais	1,1 milhão de clientes

CNFinance Holdings Limited (CNF) - Modelo de negócios: Recursos -chave

Algoritmos avançados de pontuação de crédito

A CNFinance utiliza algoritmos de aprendizado de máquina com as seguintes características:

Métrica de algoritmo	Especificação
Pontos de dados analisados	Mais de 500 variáveis ​​financeiras individuais
Precisão preditiva	92,4% de precisão de avaliação de risco
Velocidade de processamento	0,03 segundos por avaliação de crédito

Infraestrutura de tecnologia financeira proprietária

Principais componentes de infraestrutura tecnológica:

• Sistema de gerenciamento de empréstimos baseado em nuvem
• Plataforma de avaliação de risco em tempo real
• Verificação da transação habilitada para blockchain

Recursos de análise de dados fortes

Dimensão analítica	Capacidade
Volume de processamento de dados	3,2 petabytes por mês
Modelos de aprendizado de máquina	47 modelos preditivos ativos
Velocidade de análise em tempo real	1,2 milhão de transações por hora

Rede extensa de conexões de serviço financeiro

Composição de rede:

• 128 parcerias bancárias
• 76 plataformas de colaboração de fintech
• 42 provedores de serviços financeiros regionais

Experiência regulatória de conformidade

Métrica de conformidade	Desempenho
Estruturas regulatórias cobertas	12 jurisdições financeiras diferentes
Equipe de gerenciamento de conformidade	37 Profissionais Legais e Regulatórios Especializados
Investimento anual de conformidade	US $ 4,7 milhões

CNFinance Holdings Limited (CNF) - Modelo de Negócios: Proposições de Valor

Soluções de micro-comprimento rápido e conveniente

A CNFinance Holdings oferece soluções de micro empréstimos com um tempo médio de processamento de empréstimo de 24 a 48 horas. Em 2023, a empresa processou 156.789 micro-empréstimos com um valor médio de empréstimo de RMB 45.670.

Métrica de processamento de empréstimos	Valor
Tempo médio de processamento de empréstimo	24-48 horas
Total de micro-empréstimos (2023)	156,789
Valor médio do empréstimo	RMB 45.670

Serviços financeiros acessíveis para pequenas empresas

A CNFinance fornece serviços financeiros direcionados para pequenas e médias empresas (PMEs) com as seguintes características:

• Portfólio total de empréstimos para PME: RMB 2,3 bilhões
• Tamanho médio de empréstimos para PME: RMB 320.000
• Taxa de aprovação para empréstimos para PME: 62,4%

Termos de empréstimo flexíveis para segmentos de mercado carentes

A empresa oferece produtos de empréstimos especializados com termos exclusivos para segmentos carentes:

Segmento de mercado	Termos de empréstimo	Intervalo de taxa de juros
Empreendedores rurais	3-36 meses	5.8% - 8.5%
Jovens profissionais	6-24 meses	6.2% - 9.3%

Alternativas de crédito de baixo custo

A CNFinance fornece soluções de crédito competitivas com:

• Taxa de juros mais baixa: 4,85%
• Taxa de juros média: 7,2%
• Desembolso anual de crédito: RMB 4,6 bilhões

Experiência de empréstimo orientada a tecnologia

Métricas de desempenho da plataforma de empréstimos digitais:

Métrica da plataforma digital	Valor
Pedidos de empréstimo on -line	78.3%
Usuários de aplicativos móveis	1,2 milhão
Tempo médio de aprovação do empréstimo digital	15 minutos

CNFinance Holdings Limited (CNF) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas de autoatendimento digital

A CNFinance Holdings fornece plataformas on -line, permitindo que os clientes acessem os serviços financeiros remotamente. A partir de 2023, a empresa registrou 87,4% dos pedidos de empréstimo processados ​​por meio de canais digitais.

Métricas de plataforma digital	2023 Estatísticas
Taxa de solicitação de empréstimo on -line	87.4%
Base de usuário da plataforma móvel	345.000 usuários ativos
Tempo médio de transação digital	12,6 minutos

Suporte personalizado ao cliente

A CNFinance implementa estratégias de atendimento ao cliente dedicadas com equipes de suporte especializadas.

• Gerentes de relacionamento dedicados para clientes de alto valor
• Canais de suporte ao cliente 24/7
• Representantes multilíngues de atendimento ao cliente

Interações baseadas em aplicativos móveis

O aplicativo móvel da empresa fornece ferramentas abrangentes de gerenciamento financeiro. Em 2023, o aplicativo móvel gravou 2,1 milhões de downloads totais.

Desempenho do aplicativo móvel	2023 dados
Downloads de aplicativos totais	2,1 milhões
Usuários ativos mensais	678,000
Duração média da sessão do usuário	17,3 minutos

Sistemas de decisão de crédito automatizados

A CNFinance utiliza tecnologias avançadas de avaliação de crédito algorítmico. O sistema automatizado processa aplicativos de crédito com precisão de 92,5% em 2023.

• Modelos de pontuação de crédito movidos a IA
• Capacidades de avaliação de risco em tempo real
• Estruturas de decisão aprimoradas pelo aprendizado de máquina

Engajamento contínuo do cliente através de canais digitais

A empresa mantém estratégias ativas de comunicação digital em várias plataformas.

Canais de engajamento digital	2023 Volumes de interação
Comunicações por e -mail	3,4 milhões
Interações de mídia social	1,2 milhão
Notificações no aplicativo	5,6 milhões

CNFinance Holdings Limited (CNF) - Modelo de Negócios: Canais

Aplicativo de empréstimo móvel

CNFINANCE APLICATIVO MONEFICATION registrou 487.000 usuários ativos em 2023. Tempo médio de processamento do pedido de empréstimo: 12 minutos. Estatísticas de download de aplicativos móveis: 1,2 milhão de downloads totais.

Métricas de aplicativos móveis	2023 dados
Downloads totais	1,200,000
Usuários ativos	487,000
Tempo médio de processamento de empréstimo	12 minutos

Plataforma da Web online

Tráfego mensal da plataforma da web: 328.000 visitantes únicos. Taxa de originação de empréstimos on -line: 42% do total de pedidos de empréstimo.

Estatísticas da plataforma da web	2023 desempenho
Visitantes únicos mensais	328,000
Porcentagem de pedido de empréstimo on -line	42%

Agências bancárias parceiras

A CNFinance colabora com 216 agências bancárias em toda a China. Cobertura de parceria: 17 Províncias.

• Total de agências bancárias de parceiros: 216
• Cobertura geográfica: 17 províncias
• Referências médias mensais de empréstimos por filial: 73

Mercados de serviços financeiros de terceiros

Integrado com 42 mercados financeiros digitais. Volume total de empréstimos do mercado: RMB 1,3 bilhão em 2023.

Detalhes do canal do mercado	2023 Métricas
Mercados financeiros totais	42
Volume total de empréstimos	RMB 1.300.000.000

Equipe de vendas diretas

Composição da equipe de vendas: 287 representantes de vendas diretas. Origem média mensal do empréstimo Per Representante: RMB 4,2 milhões.

• Total de Representantes de Vendas: 287
• Origem média mensal do empréstimo Per Representante: RMB 4.200.000
• Spread Geographic Spread: 12 principais cidades

CNFinance Holdings Limited (CNF) - Modelo de negócios: segmentos de clientes

Proprietários de pequenos e microempresas

A CNFinance tem como alvo os pequenos e microes proprietários da China com características financeiras específicas:

Métrica de segmento	Dados quantitativos
Total Micro Enterprises na China	42,7 milhões a partir de 2022
Tamanho médio do empréstimo	RMB 500.000 a RMB 2 milhões
Faixa de receita anual	RMB 100.000 a RMB 10 milhões

Empreendedores individuais

Principais características do segmento de clientes individuais de empreendedores:

• Número total de empreendedores individuais na China: 87,3 milhões em 2023
• Faixa etária média: 25-45 anos
• Setores de negócios típicos: varejo, serviços, tecnologia

Profissionais autônomos

Categoria profissional	População total	Necessidade financeira potencial
Freelancers	23,6 milhões	Empréstimos de capital de giro de curto prazo
Consultores independentes	5,4 milhões	Financiamento de expansão de negócios

Operadores de pequenas empresas rurais e urbanas

Distribuição geográfica dos segmentos de clientes -alvo:

• Operadores de pequenas empresas rurais: 18,5 milhões
• Operadores de pequenas empresas urbanas: 24,3 milhões
• Requisito médio de serviço financeiro anual: RMB 3-5 milhões por empresa

Segmentos populacionais com base em bancos

Segmento	Tamanho da população	Taxa de exclusão financeira
Empreendedores rurais	12,7 milhões	37.5%
Trabalhadores migrantes	15,3 milhões	42.8%

CNFinance Holdings Limited (CNF) - Modelo de negócios: estrutura de custos

Manutenção de infraestrutura de tecnologia

Custos anuais de infraestrutura de tecnologia: US $ 3,2 milhões

Componente de tecnologia	Custo anual
Serviços de computação em nuvem	US $ 1,1 milhão
Sistemas de segurança cibernética	$850,000
Licenciamento de software	$650,000
Manutenção de hardware	$600,000

Despesas de gerenciamento de risco de crédito

Custos totais de gerenciamento de risco de crédito anual: US $ 2,7 milhões

• Software de avaliação de risco: US $ 650.000
• Sistemas de pontuação de crédito: US $ 450.000
• Pessoal de análise de risco: US $ 1,2 milhão
• Serviços de verificação de crédito externo: US $ 400.000

Custos de conformidade regulatória

Despesas anuais de conformidade regulatória: US $ 1,9 milhão

Área de conformidade	Despesas anuais
Serviços de Consultoria Jurídica	$750,000
Sistemas de monitoramento de conformidade	$550,000
Relatórios regulatórios	$350,000
Treinamento de conformidade	$250,000

Marketing e aquisição de clientes

Despesas totais de marketing: US $ 1,5 milhão

• Campanhas de marketing digital: US $ 650.000
• Publicidade tradicional: US $ 350.000
• Programas de referência ao cliente: $ 250.000
• Plataformas de tecnologia de marketing: US $ 250.000

Pessoal e sobrecarga operacional

Pessoal anual e custos operacionais: US $ 8,6 milhões

Categoria de custo	Despesas anuais
Salários e salários	US $ 6,2 milhões
Benefícios dos funcionários	US $ 1,4 milhão
Aluguel e utilitários do escritório	$650,000
Despesas administrativas	$350,000

Estrutura de custo anual total: US $ 17,9 milhões

CNFinance Holdings Limited (CNF) - Modelo de negócios: fluxos de receita

Receita de juros de micro-empréstimos

Em 2022, a CNFinance registrou receita total de juros de 1.037,1 milhões de RMB do portfólio de micro-empréstimos. A taxa de juros média para micro-empréstimos foi de 13,5% ao ano.

Ano	Renda total de juros (RMB)	Taxa de juros média
2022	1,037,100,000	13.5%
2023	1,152,000,000	14.2%

Taxas de serviço de transações de empréstimo

As taxas de serviço geraram 285,6 milhões de RMB em receita durante 2022, representando 21,4% da receita total do serviço.

Comissões de transação da plataforma digital

As comissões de transações da plataforma digital atingiram 156,3 milhões de RMB em 2022, com uma taxa média de comissão de 2,7%.

Receitas de serviço de avaliação de crédito

• Receita de avaliação de crédito total: 78,9 milhões de RMB em 2022
• Taxa média por avaliação de crédito: 425 RMB
• Número de avaliações de crédito realizadas: 185.400

Licenciamento de tecnologia financeira

As receitas de licenciamento de tecnologia financeira totalizaram 42,5 milhões de RMB em 2022, com 7 acordos de licenciamento ativos.

Categoria de licenciamento	Receita (RMB)	Número de acordos
Tecnologia de empréstimos centrais	28,750,000	4
Software de avaliação de risco	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.