CNF FY 2022 Earnings Report — CNFinance Holdings Limited Revenue & Financial Results | Market Cap Arena

CNFinance Holdings LimitedCNF

FY 2022 Earnings

Reported April 25, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$269M	—	$201M	—	34.4%
Op. Income	$25M	—	$14M	—	84.1%
Gross Margin	45.7%	—	65.6%	—	-20.0pp
Net Margin	7.3%	—	4.8%	—	2.6pp
EPS (Diluted)	$52.60	—	$2.78	—	1794.7%
Free Cash Flow	$121M	—	$100M	—	20.9%

Revenue Flow

Item	Amount
REVENUE	$269M
Cost of Revenue	$146M
GROSS PROFIT	$123M
R&D Expenses	$0
Selling & Marketing	$52M
General & Administrative	$32M
SG&A Expenses	$84M
Other Expenses	$14M
Operating Expenses	$98M
Cost & Expenses	$244M
OPERATING INCOME	$25M
Interest Income	$253M
Interest Expense	$115M
Other Income/Expenses	$0
INCOME BEFORE TAX	$25M
Income Tax Expense	$5M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$327.9K
EBIT	$25M
EBITDA	$26M
EPS	$6
EPS Diluted	$53

Income Statement

Item	Amount
REVENUE	$269M
Cost of Revenue	$146M
GROSS PROFIT	$123M
R&D Expenses	$0
Selling & Marketing	$52M
General & Administrative	$32M
SG&A Expenses	$84M
Other Expenses	$14M
Operating Expenses	$98M
Cost & Expenses	$244M
OPERATING INCOME	$25M
Interest Income	$253M
Interest Expense	$115M
Other Income/Expenses	$0
INCOME BEFORE TAX	$25M
Income Tax Expense	$5M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$327.9K
EBIT	$25M
EBITDA	$26M
EPS	$6
EPS Diluted	$53

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$327.9K
Stock-Based Compensation	$843.7K
Deferred Income Tax	-$20M
Other Non-Cash Items	$181M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$134M
Capital Expenditure	-$13M
Acquisitions (Net)	$7M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$215M
NET CASH FROM INVESTING	-$160M
Net Debt Issuance	-$37M
Common Stock Repurchased	-$13M
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$42M
FREE CASH FLOW	$121M
Net Change in Cash	-$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$316M
Short-Term Investments	$36M
Net Receivables	$37M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$407M
PP&E (Net)	$5M
Goodwill	$0
Intangible Assets	$509.6K
Long-Term Investments	$1.6B
Tax Assets	$11M
Other Non-Current Assets	$106M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.1B
Account Payables	$0
Short-Term Debt	$16M
Deferred Revenue	$0
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$25M
Long-Term Debt	$1.1B
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$367M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$1.5B
Common Stock	$134.0K
Additional Paid-In Capital	$150M
Retained Earnings	$432M
Treasury Stock	-$13M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$568M
Minority Interest	$8M
TOTAL EQUITY	$575M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.1B
Net Debt	$834M