CNFinance Holdings Limited (NYSE:CNF) Q3 2022 Earnings Conference Call November 22, 2022 8:00 AM ET

Company Participants

Matthew Lou - IR

Jun Qian - VP

Jing Li - Acting CFO

Conference Call Participants

William Gregozeski - Greenridge Global

Operator

Good day, and welcome to the CNFinance’s Third Quarter of 2022 Unaudited Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded today.

I would now like to turn the conference over to Matt Lou, IR Specialist . Please go ahead.

Matthew Lou

Thank you. Good morning, and evening, and welcome to the CNFinance’s third quarter of 2022 financial results conference call. In today's call, our Director and Vice President, Mr. Jun Qian, 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 Exchange Act of 1934, as amended, and as defined in U.S. 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, target, 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 filing with the U.S. 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] 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 third quarter of 2022, followed by a Q&A session.

In the third quarter of 2022, as China’s economy may return to the better. Our business volume has increased as well. We facilitated loans of over RMB3.8 billion, under our collaboration with the trust companies and introduced loans of RMB400 million to the commercial banks. Our revenue stream was more diversified as service fee associated with the commercial bank partnership and the interest income charged to sales partners both increased.