Jinshang Bank reports modest profit growth, divests non-performing assets

Jinshang Bank Co., Ltd. announced a net profit of RMB1,050.5m for the six months ended June 30, 2025, a 2.0% increase year-on-year. This growth occurred despite an 8.4% decrease in net interest income to RMB2,031.5m. Total assets grew by 3.2% to RMB388,258.0m, with net loans and advances to customers increasing by 3.4% to RMB201,695.6m. The NPL ratio remained stable at 1.77%.

The bank also entered into an Assets Transfer Agreement with Jinyang AMC on August 27, 2025, to transfer non-performing assets totaling RMB1,421.44m for a consideration of RMB310.33m. Jinyang AMC, a non-wholly owned subsidiary of SSCO (a substantial shareholder of the Bank with 20.76% interest), is considered a connected person. This transaction, exceeding 0.1% but less than 5% of applicable percentage ratios, is subject to reporting and announcement requirements but exempt from independent shareholders’ approval.

This disposal of non-performing assets aims to reduce Jinshang Bank's non-performing loan amount and support its sustainable development. The bank recorded an unaudited loss of RMB1,111.11m from this disposal, making additional impairment loss allowance of RMB366.12m.