Shandong International Trust sees profit dip, revenue rise amid restructuring

Shandong International Trust Co., Ltd. (SITC) announced total operating income of RMB633.9 million for the first half of 2025, a 7.8% increase year-on-year. However, net profit for the period decreased by 1.8% to RMB167.4 million. This was primarily due to a 16.7% decrease in net fee and commission income to RMB225.6 million and a 50.8% increase in credit impairment losses to RMB233.7 million. These were partially offset by an increase in fair value gains (RMB319.3 million) and investment income (RMB84.0 million). The company's proprietary business contributed 64.1% of total revenue.

In a significant corporate restructuring, SITC shareholders approved the cancellation of the Board of Supervisors at the 2025 First Extraordinary General Meeting. The Audit Committee will now assume the Board of Supervisors' functions, and corresponding amendments were approved by shareholders, subject to regulatory approval. As of June 30, 2025, SITC maintained net capital of RMB9.401 billion, with a net capital to total risk-based capital ratio of 325.48%.

The company did not declare an interim dividend for 2025. SITC confirmed it was involved in nine pending material litigations as a plaintiff, totaling RMB5,430.70 million, and four as a defendant, totaling RMB766.60 million.