CNF FY 2017 Earnings Report — CNFinance Holdings Limited Revenue & Financial Results | Market Cap Arena

CNFinance Holdings LimitedCNF

FY 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$499M	—	$191M	—	161.6%
Op. Income	$118M	—	$42M	—	180.7%
Gross Margin	49.8%	—	57.6%	—	-7.8pp
Net Margin	15.6%	—	18.0%	—	-2.4pp
EPS (Diluted)	$23.38	—	$11.10	—	110.5%
Free Cash Flow	$185M	—	$53M	—	247.4%

Revenue Flow

Item	Amount
REVENUE	$499M
Cost of Revenue	$251M
GROSS PROFIT	$248M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$119M
SG&A Expenses	$121M
Other Expenses	$9M
Operating Expenses	$130M
Cost & Expenses	$381M
OPERATING INCOME	$118M
Interest Income	$498M
Interest Expense	$206M
Other Income/Expenses	$0
INCOME BEFORE TAX	$118M
Income Tax Expense	$40M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$2M
EBIT	$118M
EBITDA	$120M
EPS	$25
EPS Diluted	$23

Income Statement

Item	Amount
REVENUE	$499M
Cost of Revenue	$251M
GROSS PROFIT	$248M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$119M
SG&A Expenses	$121M
Other Expenses	$9M
Operating Expenses	$130M
Cost & Expenses	$381M
OPERATING INCOME	$118M
Interest Income	$498M
Interest Expense	$206M
Other Income/Expenses	$0
INCOME BEFORE TAX	$118M
Income Tax Expense	$40M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$2M
EBIT	$118M
EBITDA	$120M
EPS	$25
EPS Diluted	$23

Cash Flow Statement

Item	Amount
Net Income	$78M
Depreciation & Amortization	$2M
Stock-Based Compensation	$27M
Deferred Income Tax	-$8M
Other Non-Cash Items	$46M
Change in Working Capital	$44M
OPERATING CASH FLOW	$188M
Capital Expenditure	-$3M
Acquisitions (Net)	$8M
Purchases of Investments	-$53M
Sales/Maturities of Investments	$2M
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$1.4B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$185M
Net Change in Cash	$140M

Balance Sheet

Item	Amount
Cash & Equivalents	$196M
Short-Term Investments	$53M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$260M
PP&E (Net)	$3M
Goodwill	$0
Intangible Assets	$488.4K
Long-Term Investments	$2.4B
Tax Assets	$16M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$2.7B
Account Payables	$0
Short-Term Debt	$513M
Deferred Revenue	$0
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$529M
Long-Term Debt	$1.8B
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$113.5K
Other Non-Current Liabilities	$82M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$2.4B
Common Stock	$0
Additional Paid-In Capital	$83M
Retained Earnings	$185M
Treasury Stock	$0
Accum. Other Comp. Income	-$653.1K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$268M
Minority Interest	$0
TOTAL EQUITY	$268M
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$2.3B
Net Debt	$2.1B