CNFinance Holdings Ltd (NYSE:CNF) Q1 2023 Earnings Conference Call May 26, 2023 8:00 AM ET

Company Participants

Matthew Lou - Investor Relations Manager

Jun Qian - Director and Vice president

Jing Li - Acting Chief Financial Officer

Conference Call Participants

William Gregozeski - Greenridge Global

Operator

Hello and welcome to the CNFinance First Quarter of 2023 Unaudited Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Matthew Lou, Investor Relations Manager. Please go ahead.

Matthew Lou

Thank you. Good morning and evening. Welcome to the CNFinance First Quarter of 2023 Financial Results Conference Call. In today's call, our Director, Vice President, Mr. Jun Qian, will walk us through the operating results followed by the financial results from our Acting CFO, Mrs. Li. After that, we will have a Q&A session.

Before we start, I would like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and as defined in the US Private Securities Litigation Reform Act of 1995.

These forward-looking statements can be identified by terminologies such as will, expects, anticipates, future, intends, plans, believes, estimates, targets, going forward, outlook and similar statements.

Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors all of which are difficult to predict and many of which are beyond the company's control, which may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements.

Further information regarding these and other risks, uncertainties or factors is included in the company's filings with the US Securities and Exchange Commission.

The company does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise, except as required under law.

Now please welcome Mr. Jun Qian.

Jun Qian

[Foreign Language]

[Interpreted] Thanks, everyone for taking your time and attend this conference call. Today, we will introduce CNF's operational and financial results in the first quarter of 2023 and followed by a Q&A session.

In the first quarter of 2023, we have maintained our momentum and achieved year-on-year growth in key operational and financial indicators. In this quarter, loan origination volume increased 48% from the same period of 2022 to RMB3.4 billion, including RMB1.2 billion under commercial bank partnership.