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Stock Update
$Apple (AAPL.US)$ CNFinance Holdings Limited (CNF) Q2 2024 Earnings Call Transcript Summarymoomoo AI· 30 mins ago ·Conference CallCNFinance (CNF.US)1.040+0.98%Financial Performance:
The following is a summary of the CNFinance Holdings Limited (CNF) Q2 2024 Earnings Call Transcript:
CNFinance's total interest and fees income increased to RMB926.5 million, up 4.7% from the previous year.
Net interest and fees income increased by 1.3%, totaling RMB524.8 million.
Total interest and fees expenses increased, primarily due to the rise in average daily balance of interest-bearing borrowings.
Net income decreased to RMB48 million, down from RMB93.1 million in the previous year.
Non-performing loans ratio maintained at 1.2%.
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