CNF FY 2020 Earnings Report — CNFinance Holdings Limited Revenue & Financial Results | Market Cap Arena

CNFinance Holdings LimitedCNF

FY 2020 Earnings

Reported April 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$268M	—	$453M	—	-40.9%
Op. Income	$24M	—	$105M	—	-77.4%
Gross Margin	55.9%	—	46.1%	—	9.8pp
Net Margin	6.3%	—	17.2%	—	-11.0pp
EPS (Diluted)	$4.68	—	$21.04	—	-77.8%
Free Cash Flow	$163M	—	$189M	—	-13.8%

Revenue Flow

Item	Amount
REVENUE	$268M
Cost of Revenue	$118M
GROSS PROFIT	$150M
R&D Expenses	$0
Selling & Marketing	$65M
General & Administrative	$41M
SG&A Expenses	$106M
Other Expenses	$20M
Operating Expenses	$126M
Cost & Expenses	$244M
OPERATING INCOME	$24M
Interest Income	$271M
Interest Expense	$107M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$7M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$883.6K
EBIT	$24M
EBITDA	$25M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$268M
Cost of Revenue	$118M
GROSS PROFIT	$150M
R&D Expenses	$0
Selling & Marketing	$65M
General & Administrative	$41M
SG&A Expenses	$106M
Other Expenses	$20M
Operating Expenses	$126M
Cost & Expenses	$244M
OPERATING INCOME	$24M
Interest Income	$271M
Interest Expense	$107M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$7M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$883.6K
EBIT	$24M
EBITDA	$25M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$883.6K
Stock-Based Compensation	$9M
Deferred Income Tax	-$14M
Other Non-Cash Items	$90M
Change in Working Capital	$60M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$470.7K
Acquisitions (Net)	$0
Purchases of Investments	-$1.0B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$43M
NET CASH FROM INVESTING	$77M
Net Debt Issuance	-$200M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$200M
FREE CASH FLOW	$163M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$303M
Short-Term Investments	$61M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$370M
PP&E (Net)	$4M
Goodwill	$0
Intangible Assets	$472.0K
Long-Term Investments	$1.3B
Tax Assets	$11M
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.8B
Account Payables	$0
Short-Term Debt	$74M
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$82M
Long-Term Debt	$826M
Deferred Revenue NC	$18M
Deferred Tax Liabilities	$58M
Other Non-Current Liabilities	$254M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.2B
Common Stock	$134.0K
Additional Paid-In Capital	$146M
Retained Earnings	$403M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$547M
Minority Interest	$0
TOTAL EQUITY	$547M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$903M
Net Debt	$599M