Core Insights - The diversified financial sector experienced a slight increase of 0.39% on November 3, with *ST Xiongmao leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance Summary - *ST Nengmao saw a closing price of 9.93, with a rise of 4.97% and a trading volume of 64,400 shares, totaling a transaction value of 62.95 million yuan [1] - Haide Co. closed at 7.86, up 4.80%, with a trading volume of 946,100 shares and a transaction value of 730 million yuan [1] - Jiuding Investment closed at 19.64, increasing by 4.36%, with a trading volume of 182,400 shares and a transaction value of 356 million yuan [1] - Sichuan Shuangma closed at 21.18, up 4.13%, with a trading volume of 167,000 shares and a transaction value of 350 million yuan [1] - Zhejiang Dongfang closed at 7.36, increasing by 2.79%, with a trading volume of 3,129,800 shares and a transaction value of 2.277 billion yuan [1] Capital Flow Analysis - The diversified financial sector saw a net outflow of 13.69 million yuan from institutional investors and 17.34 million yuan from retail investors, while retail investors had a net inflow of 31.03 million yuan [2] - Haide Co. had a net inflow of 81.16 million yuan from institutional investors, while experiencing a net outflow of 82.36 million yuan from retail investors [3] - Sichuan Shuangma recorded a net inflow of 44.44 million yuan from institutional investors, with net outflows from both retail and speculative investors [3]

Core Viewpoint - Jianyuan Trust is experiencing significant growth in trust asset scale but is facing challenges with declining revenue and cash flow pressure, indicating underlying operational issues despite a recent restructuring [1] Group 1: Financial Performance - In the first three quarters, the company achieved total operating revenue of 189 million, a year-on-year decrease of 24.61%, while net profit attributable to shareholders was 51.57 million, an increase of 24.25% [1] - The net profit after deducting non-recurring gains and losses was 143 million, reflecting a modest year-on-year growth of 1.39% [1] - The net cash flow from operating activities was -96.13 million, compared to 562 million in the same period last year, indicating a significant decline in cash flow [1][3] Group 2: Business Transformation Challenges - The primary challenge faced by Jianyuan Trust in the third quarter is the decline in revenue from existing business, particularly from traditional fee and commission income, which aligns with the overall industry trend [2] - Despite a notable increase in trust asset scale, this growth has not effectively translated into revenue growth, highlighting challenges in developing profitability from new business [2] - The company is actively transitioning from traditional business to service trusts and standardized products, but this shift requires time and is unlikely to fully compensate for the revenue gap from traditional business in the short term [2] Group 3: Concerns Over Financial Stability - The quality of the company's earnings is under scrutiny, as the growth in net profit is primarily driven by non-recurring factors rather than strong performance in core business operations [3] - The cash flow situation is concerning, with a significant decline compared to the previous year, indicating increasing pressure on cash flow recovery [3][4] - The total profit of the company has also decreased, mainly due to reduced revenue from existing business and fluctuations in the valuation of financial assets [4]

Market Overview - The diversified financial sector experienced a decline of 1.49% on October 30, with Ruida Futures leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers included: - Zhejiang Dongfang (600120) with a closing price of 7.12, up 6.27% [1] - State Grid Yingda (600517) at 6.50, up 3.17% [1] - Significant losers included: - Ruida Futures (002961) at 23.43, down 7.39% [2] - Jiuding Investment (600053) at 18.91, down 5.17% [2] Trading Volume and Value - The trading volume and value for key stocks in the diversified financial sector showed varied performance, with Zhejiang Dongfang achieving a trading volume of 5.21 million hands and a transaction value of 371.8 million yuan [1] - Ruida Futures had a trading volume of 214,100 hands and a transaction value of 507 million yuan [2] Capital Flow Analysis - The diversified financial sector saw a net outflow of 345 million yuan from institutional investors, while retail investors contributed a net inflow of 513 million yuan [2][3] - Key stocks with significant capital flow included: - Zhejiang Dongfang with a net inflow of 3.49 billion yuan from institutional investors [3] - Jiuding Investment with a net inflow of 29.93 million yuan from retail investors [3]

Core Insights - Jianyuan Trust Co., Ltd. reported a net profit attributable to shareholders of 51.57 million yuan for the first three quarters of 2025, representing a year-on-year increase of 24.25% [1] - The company established 175 new trust projects in the first three quarters, corresponding to a new trust scale of 250.8 billion yuan [1] - As of September 30, 2025, the total trust scale managed by Jianyuan Trust reached 475.9 billion yuan, an increase of 138 billion yuan compared to the end of June [1] Financial Performance - The net profit attributable to shareholders for the first three quarters was 51.57 million yuan, with a growth of 24.25% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 142.91 million yuan, showing a year-on-year increase of 1.39% [1] - Interest income for the first three quarters was 5.324 million yuan, while investment income reached 273.56 million yuan [1] Business Development - Jianyuan Trust added 58 new trust projects in the third quarter, with a corresponding new trust scale of 136.4 billion yuan [1] - The company aims to become a high-quality, innovative comprehensive financial service provider, focusing on asset management and service scale expansion [1] - The company is actively enhancing its investment portfolio and constructing a diversified asset allocation system to promote high-quality development [1]

Core Points - Jianyuan Trust reported a 24.6% year-on-year decline in total revenue for the first three quarters of 2025, amounting to 189 million yuan [1] - The company's total profit decreased by 44.48% to 26.13 million yuan, while net profit attributable to shareholders increased by 24.25% to 51.57 million yuan [1] - As of the end of Q3, total assets were 22.68 billion yuan, down 5.01% from the end of the previous year [1] Financial Performance - In Q3 alone, Jianyuan Trust's total revenue was 38.89 million yuan, a significant drop of 77.02% year-on-year [1] - The company reported a loss of 9.91 million yuan in total profit for Q3, while net profit attributable to shareholders rose by 89.19% to 11.28 million yuan [1] - The decline in revenue and profit was primarily attributed to reduced fee and commission income from existing business and a decrease in the valuation of financial assets [1] Company Background - Jianyuan Trust, originally established in 1987, became a publicly listed company in 1994 and is one of the earliest financial companies listed in China [2] - The company underwent a restructuring in April 2023 and was renamed, now operating as a state-controlled trust company [2] - Shanghai Zhi'an Investment Management Co., Ltd. is the controlling shareholder, holding 50.30% of the shares [2]

Core Viewpoint - Jianyuan Trust's stock price has shown fluctuations, with a recent increase of 2.32% and a year-to-date decline of 11.71%, indicating potential volatility in the market [1][2]. Company Overview - Jianyuan Trust, established on September 15, 1995, and listed on January 28, 1994, is located in Shanghai and primarily engages in trust services, investment banking, and proprietary business [1]. - The company's main revenue sources are trust business (89.36%) and proprietary business (10.64%) [1]. Financial Performance - For the period from January to September 2025, Jianyuan Trust reported zero operating income but achieved a net profit attributable to shareholders of 51.57 million yuan, reflecting a year-on-year growth of 24.25% [2]. - Cumulatively, Jianyuan Trust has distributed 4.622 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, Jianyuan Trust had 94,700 shareholders, an increase of 9.76% from the previous period, with an average of 57,725 circulating shares per shareholder, down by 8.89% [2]. - The top ten circulating shareholders include Southern CSI 500 ETF, holding 57.45 million shares, a decrease of 1.41 million shares from the previous period, and Hong Kong Central Clearing Limited, holding 43.21 million shares, an increase of 978,560 shares [3]. Market Activity - Jianyuan Trust's stock has been active in the market, with a recent trading volume of 148 million yuan and a turnover rate of 0.89% [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the latest occurrence on September 19, where it recorded a net buy of -38.18 million yuan [1].

Core Insights - Jianyuan Trust (600816.SH) reported a total operating revenue of 189 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 24.61% [1] - The net profit attributable to shareholders of the parent company was 51.57 million yuan, showing a year-on-year increase of 24.25% [1] - The basic earnings per share stood at 0.0052 yuan [1]

本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 建元信托股份有限公司公告 证券代码：600816 证券简称：建元信托 公告编号：临 2025-030 建元信托股份有限公司 第九届监事会第二十次会议决议公告 建元信托股份有限公司（以下简称"公司"）第九届监事会第二十次会议于 2025 年 10 月 28 日在公司会议室以现场结合视频方式召开，本次会议通知于 2025 年 10 月 20 日以电子邮件方式发出。本次会议应出席监事 3 名，实际出席监事 3 名。会议由公司监事会主席徐立军先生主持。本次会议的召集召开及程序符合《中 华人民共和国公司法》《公司章程》等有关规定，会议合法有效。经全体监事审 议并表决，通过如下决议： 表决结果：同意 3 票；反对 0 票；弃权 0 票。 特此公告。 建元信托股份有限公司监事会 二〇二五年十月二十九日 审议通过《公司 2025 年第三季度报告》 具体内容详见同日在上海证券交易所网站（www.sse.com.cn）披露的《2025 年第三季度报告》。 监事会认为：公司编制《2025 年第三季度报 ...

建元信托股份有限公司公告 证券代码：600816 证券简称：建元信托 公告编号：临 2025-029 上述事项已经公司第九届董事会风险控制与审计委员会第二十一次会议审 议通过，并同意提交董事会审议。 公司董事、高级管理人员就该报告签署了书面确认意见。 表决结果：同意 8 票；反对 0 票；弃权 0 票。 二、审议通过《关于修订公司<独立董事审阅年报工作制度>的议案》 表决结果：同意 8 票；反对 0 票；弃权 0 票。 三、审议通过《关于修订公司<募集资金专项存储及使用管理制度>的议案》 表决结果：同意 8 票；反对 0 票；弃权 0 票。 建元信托股份有限公司 第九届董事会第二十九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 建元信托股份有限公司（以下简称"公司"）第九届董事会第二十九次会议 于 2025 年 10 月 28 日在公司会议室以现场结合视频方式召开，本次会议通知于 2025 年 10 月 17 日以电子邮件方式发出。本次会议出席董事 9 名，有表决权董 事 8 名，其中 1 名董事尚需经国家金 ...

Financial Performance - Total operating revenue for the third quarter was ¥38,892,123.44, a decrease of 77.02% compared to the same period last year[3] - Total profit for the third quarter was -¥9,909,852.56, a decline of 272.24% year-on-year[3] - Net profit attributable to shareholders for the third quarter was ¥11,276,823.11, an increase of 89.19% compared to the same period last year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses for the third quarter was ¥75,387,548.84, a decrease of 5.03% year-on-year[3] - Basic earnings per share for the third quarter was ¥0.0011, an increase of 83.33% year-on-year[3] - Total operating revenue for the first three quarters of 2025 was CNY 188.63 million, a decrease of 24.6% compared to CNY 250.21 million in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 50.49 million, compared to CNY 40.67 million in 2024, reflecting a growth of 24.5%[20] - The company reported a significant investment income of CNY 273.56 million, up from CNY 89.37 million, indicating a growth of 205.5%[20] - The company reported a comprehensive income total of CNY 178.25 million, compared to CNY 105.73 million in the previous year, an increase of 68.5%[20] - The net profit for the first three quarters of 2025 reached CNY 54,831,316.53, up from CNY 42,411,476.68 in 2024, reflecting a year-over-year growth of approximately 29.4%[30] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥96,127,189.78, a decline of 117.09% compared to the previous year[3] - Net cash flow from operating activities was negative at -96,127,189.78 CNY compared to a positive 562,381,645.26 CNY in the same period last year[22] - The net cash flow from operating activities for the first three quarters of 2025 was -CNY 83,652,573.74, a decline from CNY 260,221,033.06 in the same period of 2024[32] - The cash inflow from investment activities in the first three quarters of 2025 was CNY 13,637,606,546.88, significantly higher than CNY 5,968,599,158.60 in 2024[32] - The net cash flow from investment activities was CNY 1,134,778,680.50 in 2025, compared to -CNY 2,585,006,330.70 in 2024, showing a positive turnaround[33] - The total cash and cash equivalents at the end of the third quarter of 2025 stood at CNY 67,484,201.45, compared to CNY 47,539,855.43 at the end of the same period in 2024[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥22,681,790,992.99, a decrease of 5.01% from the end of the previous year[4] - The total assets decreased to CNY 22.68 billion from CNY 23.88 billion, a decline of 5.0%[17] - Total liabilities decreased to CNY 8.10 billion from CNY 9.48 billion, a reduction of 14.5%[17] - The total equity increased to CNY 14.58 billion, up from CNY 14.40 billion, reflecting a growth of 1.2%[17] - The total equity increased to 13,961,248,170.86 CNY from 13,773,947,852.63 CNY year-over-year[27] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 94,744[10] - The largest shareholder, Shanghai Di'an Investment Management Co., Ltd., holds 50.30% of the shares, with 4,375,310,335 shares pledged[10] Business Development - As of September 30, 2025, the company managed a total trust scale of CNY 475.93 billion, an increase of CNY 138.03 billion compared to June 30, 2025[13] - In the first three quarters of 2025, the company established 175 new trust projects, corresponding to a new trust scale of CNY 250.85 billion, with 58 new projects in Q3 alone adding CNY 136.40 billion[13] - The company has actively expanded its asset management and service scale, focusing on diversified asset allocation to promote high-quality development[12] - The company has successfully launched its first asset securitization service trust and family trust business, enhancing its market recognition[13] - The company has increased its equity asset allocation while adjusting its bond asset investments to mitigate market fluctuations[14] - The company is committed to building a diversified financial ecosystem through collaboration with various financial institutions[13] Other Financial Metrics - Non-recurring losses for the third quarter totaled -¥64,110,725.73, with significant impacts from various non-operating expenses[7] - The decrease in total operating revenue and profit was primarily due to a reduction in commission income from existing business compared to the previous year[8] - The company’s management expenses were CNY 171.75 million, slightly up from CNY 169.59 million, indicating a marginal increase of 1.4%[19] - Basic earnings per share (EPS) increased to 0.0052 CNY from 0.0042 CNY year-over-year[21] - The company reported a total operating profit of CNY 149,027,207.63 for the first three quarters of 2025, down from CNY 187,741,657.89 in 2024[30] - The total comprehensive income for the first three quarters of 2025 was CNY 182,597,031.78, compared to CNY 107,465,543.03 in 2024, indicating a substantial increase[30] Financing Activities - The company received CNY 2,000,000,000.00 from financing activities in 2025, with cash outflows from financing activities totaling CNY 3,316,299,702.65[33] Accounting Standards - The company did not apply new accounting standards or interpretations for the year 2025[34]