Core Viewpoint - The trust industry is increasingly aligning with ESG principles, emphasizing long-term value, risk management, and innovative financial products to contribute to sustainable development [1][2][5]. Group 1: ESG Integration in Trust Industry - The trust industry exhibits a natural compatibility with ESG principles, focusing on long-termism, rigorous risk management, and unique business models that support green finance and social impact investments [2][3]. - ESG has become a critical measure of core competitiveness for trust companies and a necessary response to national strategies for high-quality development [1][2]. Group 2: Industry Transformation and Development - The introduction of the "three classifications" for trust business requires the industry to focus on core services, enhance governance, and improve risk management while fulfilling social responsibilities [2]. - Trust companies are actively pursuing green trust initiatives, with many establishing dedicated teams and projects to ensure the implementation of green finance strategies [3][4]. Group 3: Social Responsibility and Charitable Trusts - Charitable trusts are being developed to leverage the advantages of the trust system for public welfare, with innovative models emerging to enhance transparency and efficiency in charitable activities [4]. - Trust companies are increasingly committed to social responsibility, with significant efforts in developing charitable trusts and supporting community welfare [3][4]. Group 4: Future Outlook - The trust industry is expected to undergo a systematic transition towards sustainable and resilient high-quality development, aligning with national strategies and expanding the boundaries of ESG practices [4][5]. - Industry leaders emphasize the need for collaboration in building an ESG development system that integrates policy guidance, institutional cooperation, and market operations [5].

Group 1 - The company Shandong Guoxin (01697) announced the conditional sale of fund shares to Lushin Chuangtou and Shandong High-tech, with total consideration amounting to RMB 166 million and RMB 37.1588 million respectively, resulting in a total expected proceeds of RMB 204 million [1] - The net proceeds from the fund share transfer, after deducting relevant transaction costs and taxes, are expected to be approximately RMB 196 million, which will be used to supplement the company's operating capital and optimize financial and regulatory indicators [1] - The fund share transfer is part of the company's key stage of deepening reform and promoting business transformation, effectively converting existing equity assets into cash, thereby improving overall financial status and optimizing asset structure [1] Group 2 - Following the fund share transfer, the company will effectively complete the rectification requirements as mandated by the China Banking and Insurance Regulatory Commission, aligning its inherent asset investment direction with regulatory guidance [2] - The company will further focus on the development of its trust main business and accelerate its return to core operations [2]

Group 1 - The company has entered into agreements to transfer fund shares with a total expected consideration of RMB 204 million, which will be used to supplement operating capital and optimize financial and regulatory indicators [1] - The expected net proceeds from the fund share transfer, after deducting related transaction costs and taxes, are approximately RMB 196 million, which will enhance the company's cash flow and overall financial condition [1] - The fund share transfer is part of the company's strategic transformation and reform efforts, aimed at converting existing equity assets into cash to improve the asset structure and increase core net capital [1] Group 2 - Following the fund share transfer, the company will effectively meet the regulatory requirements for the cleanup and rectification of non-financial subsidiaries, aligning its investment direction with regulatory guidance [2] - The company will focus more on its core trust business, accelerating its return to fundamental operations [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不 對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何 損失承擔任何責任。 Shandong International Trust Co., Ltd. 山東省國際信託股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 董事會宣佈，於 2025年 9月 12日（ 交 易 時 段 後 ）， 本 公 司 分 別 與 魯 信 創 投 及山東高新技術訂立母基金轉讓協議及皖禾基金轉讓協議，據此，本公 司有條件同意出售而魯信創投及山東高新技術有條件同意收購母基金標 的份額及皖禾基金標的份額，對價分別為人民幣 16, 638. 49萬元及人民幣 3, 715. 88萬元。 （股份代號：1697） 須予披露及關連交易 轉讓基金份額 董事會宣佈，於 2025年 9月 12日（ 交 易 時 段 後 ）， 本 公 司 分 別 與 魯 信 創 投 及山東高新技術訂立母基金轉讓協議及皖禾基金轉讓協議，據此，本 公司有條件同意出售而魯信創投及山東高新技術分別有條件同意收購 母基金標的份額及皖禾基金 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,494,115,000 RMB | | 1 | RMB | | 3,494,115,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 3,494,115,000 RMB | | 1 | RMB | | 3,494,115,000 | 本月底法定/註冊股本總額： RMB 4,658,850,000 第 1 頁 共 10 頁 v 1.1.1 致：香港交易及結算所有限公司 公司名稱: ...

Core Insights - Shandong Trust reported a total revenue of 634 million yuan for the first half of 2025, representing a year-on-year increase of 7.8%, while net profit decreased by 1.8% to 167 million yuan [2] - The trust business revenue accounted for 35.9% of total revenue, amounting to 228 million yuan, while proprietary business revenue reached 406 million yuan, a year-on-year increase of 28%, making up 64.1% of total revenue [2] - The performance changes were attributed to a decrease in net commission income, an increase in credit impairment losses, offset by gains from fair value changes and increased investment income [2] Company Overview - Shandong Trust was established in March 1987 and is a non-bank financial institution approved by the People's Bank of China and the Shandong Provincial Government [3] - It is a member of the China Trust Industry Association and is controlled by the Lushun Group [3] - The company was listed on the Hong Kong Stock Exchange in December 2017, becoming the first trust company from mainland China to enter the international capital market [3]

Core Insights - Shandong Guoxin reported a total revenue of 634 million yuan for the first half of 2025, representing a year-on-year growth of 7.8%, with a net profit of 167 million yuan [1] - The company is focused on reforming risk management and business transformation, aiming to enhance its trust services and governance, achieving stable and positive overall development [1] Financial Performance - Total revenue for H1 2025: 634 million yuan, up 7.8% year-on-year [1] - Net profit for H1 2025: 167 million yuan [1] Business Development - Green trust assets reached 4.229 billion yuan by the end of June 2025, an increase of 22.4% [1] - Family trust assets amounted to 61.927 billion yuan, growing by 19.3% since the beginning of the year [1] - The company launched its first special needs service trust in Shandong province and expanded into innovative trust structures such as FGT and FNGT [1] - Cumulative charitable trust payments reached 18.9 million yuan, reflecting a growth of 16.7% [1] Strategic Focus - The company emphasizes localized advantages to enhance service quality for the economic development of Shandong province [2] - It maintains a strong risk management framework and optimizes its management system to ensure sustainable development [2]

Core Viewpoint - Shandong Guoxin, the only H-share listed trust company in mainland China, reported stable performance in the first half of 2025, achieving a total operating revenue of 634 million yuan, a year-on-year increase of 7.8%, and a net profit of 167 million yuan, which remained basically flat compared to the previous year [2] Group 1: Financial Performance - Shandong Guoxin's performance outperformed the overall industry, with 53 trust companies reporting a total operating revenue of 31.59 billion yuan, a year-on-year decline of 1.98%, and a net profit of 16.37 billion yuan, down 2.83% [3] - The company explained that the decrease in net income from fees and commissions and the increase in credit impairment losses were offset by gains from fair value changes and investment income [3] Group 2: Revenue Breakdown - In the first half of 2025, Shandong Guoxin achieved trust business income of 228 million yuan and proprietary business income of 406 million yuan, representing 35.9% and 64.1% of total revenue, respectively [4] - The proportion of trust business income decreased compared to the same period last year, while the share of proprietary business income increased significantly, aligning with industry trends [4] - The increase in proprietary business income was primarily due to fair value gains rising from 242 million yuan in the first half of 2024 to 319 million yuan in the first half of 2025, and investment income increasing from 42 million yuan to 84 million yuan [4] Group 3: Business Growth - The family trust business of Shandong Guoxin showed robust growth, with the scale of family trust in force reaching 61.93 billion yuan, a 19.3% increase from the beginning of the year [5] - The company successfully launched the first special needs service trust in Shandong province and expanded into innovative trust structures [5] - In the charitable trust sector, Shandong Guoxin achieved steady growth, with cumulative delivery amounts reaching 18.9 million yuan, a 16.7% increase from the beginning of the year [5] Group 4: Local Economic Support - As of the end of the first half of 2025, Shandong Guoxin's trust scale directed towards Shandong province reached 33.89 billion yuan, with "investment into Shandong" trust scale at 17.65 billion yuan [6] - The company established a service trust department and launched innovative financial service scenarios, including the "Rui Sheng Series" account management service trust [6] - The green trust scale reached 4.23 billion yuan, a year-on-year increase of 22.4%, supporting enterprises in achieving green and intelligent upgrades [6]

格隆汇8月27日丨山东国信(01697.HK)发布公告，2025年上半年，集团实现营业总收入人民币6.34亿 元，同比上升7.8%；利润总额人民币2.30亿元，净利润人民币1.67亿元。2025年上半年，面对复杂严峻 的外部环境，山东国信紧盯改革化险、业务转型总目标不放松，坚定回归信托本源，持续培育壮大发展 新动能，努力提升信托综合金融服务质效，不断完善公司治理，在复杂环境中实现了总体平稳发展、稳 中向好的良好态势。 ...

Core Viewpoint - Shandong Guoxin (01697) reported a total revenue of 634 million RMB for the six months ending June 30, 2025, reflecting a year-on-year increase of 7.85%. However, the net profit attributable to shareholders decreased by 1.81% to 167 million RMB, with basic earnings per share at 0.04 RMB [1]. Financial Performance - Total revenue reached 634 million RMB, marking a 7.85% increase compared to the previous year [1] - Net profit attributable to shareholders was 167 million RMB, showing a decline of 1.81% year-on-year [1] - Basic earnings per share stood at 0.04 RMB [1]