Shandong International Trust sees net profit dip despite revenue rise in H1 2025

Shandong International Trust Co., Ltd. (SITC) reported total operating income of RMB633.9 million for the first half of 2025, a 7.8% year-on-year increase. However, net profit for the period decreased by 1.8% to RMB167.4 million, down from RMB170.5 million in H1 2024. Total profit also saw a decline, reaching RMB230.4 million in H1 2025 compared to RMB253.3 million in H1 2024. The operating margin decreased from 43.1% to 36.3%.

The modest decline in net profit was primarily attributed to a 16.7% year-on-year decrease in net fee and commission income, falling to RMB225.6 million, and a significant 50.8% increase in credit impairment losses, which amounted to RMB233.7 million. These factors were partially offset by an increase in gains from changes in fair value (RMB319.3 million) and investment income (RMB84.0 million). The company's total assets stood at RMB14,084.4 million as of June 30, 2025.

SITC continues its business transformation, with trust business income accounting for 35.9% and proprietary business income making up 64.1% of total revenue in H1 2025. The company’s existing family trust business grew to RMB61.927 billion, a 19.3% increase from the start of the year, while its green trust portfolio reached RMB4.229 billion, up 22.4% year-on-year. The company did not declare an interim dividend for 2025.