CNF FY 2021 Earnings Report — CNFinance Holdings Limited Revenue & Financial Results | Market Cap Arena

CNFinance Holdings LimitedCNF

FY 2021 Earnings

Reported April 27, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$201M	—	$268M	—	-25.2%
Op. Income	$14M	—	$24M	—	-42.4%
Gross Margin	65.6%	—	55.9%	—	9.7pp
Net Margin	4.8%	—	6.3%	—	-1.5pp
EPS (Diluted)	$2.78	—	$4.68	—	-40.6%
Free Cash Flow	$100M	—	$163M	—	-38.6%

Revenue Flow

Item	Amount
REVENUE	$201M
Cost of Revenue	$69M
GROSS PROFIT	$132M
R&D Expenses	$0
Selling & Marketing	$66M
General & Administrative	$36M
SG&A Expenses	$103M
Other Expenses	$15M
Operating Expenses	$118M
Cost & Expenses	$187M
OPERATING INCOME	$14M
Interest Income	$264M
Interest Expense	$113M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$4M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$558.4K
EBIT	$14M
EBITDA	$14M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$201M
Cost of Revenue	$69M
GROSS PROFIT	$132M
R&D Expenses	$0
Selling & Marketing	$66M
General & Administrative	$36M
SG&A Expenses	$103M
Other Expenses	$15M
Operating Expenses	$118M
Cost & Expenses	$187M
OPERATING INCOME	$14M
Interest Income	$264M
Interest Expense	$113M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$4M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$558.4K
EBIT	$14M
EBITDA	$14M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$558.4K
Stock-Based Compensation	$3M
Deferred Income Tax	-$28M
Other Non-Cash Items	$107M
Change in Working Capital	$9M
OPERATING CASH FLOW	$101M
Capital Expenditure	-$556.1K
Acquisitions (Net)	$0
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$265M
NET CASH FROM INVESTING	-$343M
Net Debt Issuance	$282M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$282M
FREE CASH FLOW	$100M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$349M
Short-Term Investments	$159M
Net Receivables	$40M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$553M
PP&E (Net)	$3M
Goodwill	$0
Intangible Assets	$585.8K
Long-Term Investments	$1.4B
Tax Assets	$3M
Other Non-Current Assets	$147M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.1B
Account Payables	$0
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$13M
Long-Term Debt	$1.2B
Deferred Revenue NC	$8M
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$324M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$1.5B
Common Stock	$134.0K
Additional Paid-In Capital	$149M
Retained Earnings	$413M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$558M
Minority Interest	$0
TOTAL EQUITY	$558M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.2B
Net Debt	$835M