Chinese mortgage lender CNFinance Holdings Ltd. expects a net income of between 100 million Chinese yuan and 150 million yuan for the quarter ending Sept. 30.
The outlook is based on the current market conditions and reflects its current and preliminary estimates of market and operating conditions, which are all subject to substantial uncertainty, according to an Aug. 20 release.
In the third quarter ended Sept. 30, 2018, the company posted a net income of 234.9 million yuan.
As of Aug. 20, US$1 was equivalent to 7.06 Chinese yuan.
