CNFinance Holdings (CNF) Asset Writedowns and Impairment (2017 - 2023)

CNFinance Holdings has reported Asset Writedowns and Impairment for 7 years, with the latest figure at -$5.9 million in Q4 2023.

• For the quarter ending Q4 2023, Asset Writedowns and Impairment rose 71.36% year-over-year to -$5.9 million; the trailing twelve-month figure through Dec 2023 stood at -$35.2 million (up 19.32% YoY), and the FY2023 full-year result was -$25.8 million, up 27.24% from the prior year.
• Asset Writedowns and Impairment for Q4 2023 stood at -$5.9 million, down from -$1.6 million in the prior quarter.
• The five-year high for Asset Writedowns and Impairment was $48.4 million in Q4 2021, with the low at -$31.2 million in Q1 2020.
• Historically, Asset Writedowns and Impairment has averaged -$5.9 million across 5 years, with a median of -$5.9 million in 2023.
• Annual changes were most pronounced in 2021 — Asset Writedowns and Impairment surged 1008.9% — and 2022, when it sank 422.05%.
• CNFinance Holdings' Asset Writedowns and Impairment stood at -$5.7 million in 2019, then surged by 176.43% to $4.4 million in 2020, then surged by 1008.9% to $48.4 million in 2021, then plunged by 142.76% to -$20.7 million in 2022, then jumped by 71.36% to -$5.9 million in 2023.
• The last three Asset Writedowns and Impairment figures came in at -$5.9 million (Q4 2023), -$1.6 million (Q3 2023), and -$7.0 million (Q2 2023), per Business Quant data.