CNFinance Holdings Ltd (NYSE:CNF) Q4 2022 Earnings Conference Call March 22, 2023 8:00 AM ET

Company Participants

Qian Jun - VP & Director

Jing Li - Acting CFO, Assistant President and Head of Department, Finance & Internal Control

Conference Call Participants

William Gregozeski - Greenridge Global

Operator

Good day, and welcome to the CNFinance Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results Conference Call. [Operator Instructions].

I would now like to turn the conference over to Ms. [indiscernible] Manager of Capital Markets.

Unidentified Company Representative

Good morning and good evening, and welcome to CNFinance Fourth Quarter and Fiscal Year of 2022 Financial Results Conference Call.

In today's call, our Director and Vice President, Mr. Qian Jun, will walk us through the operating results followed by the financial results from our acting CFO, Ms. 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 and Exchange Act of 1934 as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminologies such as will, expect, anticipates, future, intends, plans, beliefs, 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 this and other risks, uncertainties and factors is included in the company's filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise, except as required under law.

Now please welcome Mr. Qian Jun.

Qian Jun

Thank you, everyone, for joining us in this conference call. On today's call, we will introduce the company's financial and operational results in the fourth quarter and fiscal year of 2022 followed by a Q&A session.

The company generated interest income of RMB 1.7 billion and net revenue under the commercial bank partnership model of RMB 58 million for fiscal year of 2022, [indiscernible] achieving a net profit of RMB 140 million, an increase of 111% over the same period of last year.