CNF FY 2019 Earnings Report — CNFinance Holdings Limited Revenue & Financial Results | Market Cap Arena

CNFinance Holdings LimitedCNF

FY 2019 Earnings

Reported April 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$453M	—	$626M	—	-27.6%
Op. Income	$105M	—	$169M	—	-37.7%
Gross Margin	46.1%	—	44.5%	—	1.6pp
Net Margin	17.2%	—	20.1%	—	-2.9pp
EPS (Diluted)	$21.04	—	$36.24	—	-41.9%
Free Cash Flow	$189M	—	$193M	—	-1.8%

Revenue Flow

Item	Amount
REVENUE	$453M
Cost of Revenue	$244M
GROSS PROFIT	$209M
R&D Expenses	$0
Selling & Marketing	$32M
General & Administrative	$47M
SG&A Expenses	$79M
Other Expenses	$24M
Operating Expenses	$103M
Cost & Expenses	$348M
OPERATING INCOME	$105M
Interest Income	$434M
Interest Expense	$191M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$27M
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	$105M
EBITDA	$107M
EPS	$23
EPS Diluted	$21

Income Statement

Item	Amount
REVENUE	$453M
Cost of Revenue	$244M
GROSS PROFIT	$209M
R&D Expenses	$0
Selling & Marketing	$32M
General & Administrative	$47M
SG&A Expenses	$79M
Other Expenses	$24M
Operating Expenses	$103M
Cost & Expenses	$348M
OPERATING INCOME	$105M
Interest Income	$434M
Interest Expense	$191M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$27M
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	$105M
EBITDA	$107M
EPS	$23
EPS Diluted	$21

Cash Flow Statement

Item	Amount
Net Income	$78M
Depreciation & Amortization	$2M
Stock-Based Compensation	$2M
Deferred Income Tax	$571.1K
Other Non-Cash Items	-$23M
Change in Working Capital	$130M
OPERATING CASH FLOW	$190M
Capital Expenditure	-$648.8K
Acquisitions (Net)	$717M
Purchases of Investments	-$384M
Sales/Maturities of Investments	$388M
Other Investing Activities	$876.7K
NET CASH FROM INVESTING	$721M
Net Debt Issuance	-$1.1B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$189M
Net Change in Cash	-$213M

Balance Sheet

Item	Amount
Cash & Equivalents	$269M
Short-Term Investments	$96M
Net Receivables	$10M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$375M
PP&E (Net)	$7M
Goodwill	$0
Intangible Assets	$546.2K
Long-Term Investments	$1.5B
Tax Assets	$2M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.9B
Account Payables	$0
Short-Term Debt	$127M
Deferred Revenue	$0
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$143M
Long-Term Debt	$972M
Deferred Revenue NC	$17M
Deferred Tax Liabilities	$52M
Other Non-Current Liabilities	$188M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.4B
Common Stock	$134.0K
Additional Paid-In Capital	$137M
Retained Earnings	$389M
Treasury Stock	$0
Accum. Other Comp. Income	-$309.7K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$526M
Minority Interest	$0
TOTAL EQUITY	$526M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$1.1B
Net Debt	$836M