证券代码：000563 证券简称：陕国投A 公告编号：2025-58 陕西省国际信托股份有限公司 第十届董事会第二十九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 陕西省国际信托股份有限公司（以下简称"公司"）董事会于 2025 年 8 月 15 日以电子邮件方式发出召开第十届董事会第二十九次会议的通知，并于 2025 年 8 月 25 日（星期一）上午 9:00 在公司会议室以现场表决方式如期召开。本次 会议应出席董事 10 名，实际出席会议董事 10 名，全体董事均亲自出席了会议； 公司全体监事、部分高级管理人员等列席了会议。本次会议的召开符合《公司法》 等有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 本次会议由公司董事长姚卫东主持，经与会董事认真审议和表决，会议通过 了如下议案并形成决议。 二、董事会会议审议情况 1.审议通过了《2025 年半年度利润分配预案》。 本预案全文详见同日刊登于巨潮资讯网（www.cninfo.com.cn）的《关于 2025 年半年度利润分配预案的公告》（2025- ...

陕西省国际信托股份有限公司 关于 2025 年半年度利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 陕西省国际信托股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召开 第十届董事会第二十九次会议和第九届监事会第五十一次会议，审议通过了 《2025 年半年度利润分配预案》。现将公司 2025 年半年度利润分配预案的具体 情况公告如下： 证券代码：000563 证券简称：陕国投A 公告编号：2025-60 一、利润分配预案的基本情况 根据公司 2025 年度半年度财务报告（未经审计），公司 2025 年半年度母公 司实现净利润为 723,158,519.87 元；截至 2025 年 6 月 30 日，母公司资产负债表 未分配利润 5,247,745,246.47 元。 鉴于公司经营状况稳定，综合考虑 2025 年上半年的盈利水平及财务状况， 为了公司长远发展的需要，给广大股东创造持续稳定的收益，根据《公司章程》， 董事会拟对上述利润作如下分配： 1.提取 10%的法定公积金 72,315,851.99 元； 2.提取 5%的信 ...

[Important Notice and Table of Contents](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E5%92%8C%E7%9B%AE%E5%BD%95) [Important Notice](index=2&type=section&id=1.1%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board, Supervisory Board, and senior management guarantee the semi-annual report's accuracy and completeness, with forward-looking statements not constituting commitments and described risks requiring investor attention - The company's Board of Directors, Supervisory Board, and senior management declare that the report content is true, accurate, and complete, with no false records, misleading statements, or major omissions[3](index=3&type=chunk) - Forward-looking statements in the report do not constitute substantial commitments, and investors need to maintain risk awareness[4](index=4&type=chunk) - The company has described credit, market, operational, compliance, and strategic risks; details can be found in "Section 3 Management Discussion and Analysis"[4](index=4&type=chunk) 2025 Semi-Annual Profit Distribution Plan | Indicator | Value | | :--- | :--- | | Share Capital Base | 5,113,970,358 shares | | Cash Dividend per 10 shares | 0.1 Yuan (tax inclusive) | | Bonus Shares | 0 shares (tax inclusive) | | Capital Reserve to Share Capital Conversion | No conversion | [Directory of Reference Documents](index=4&type=section&id=1.2%20%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) The company's reference documents for the reporting period include signed and sealed financial statements, the full and summary semi-annual report, original public disclosure documents, and announcements, all available at the Board of Directors' office - Reference documents include financial statements signed and sealed by the company's head, chief accountant, general accountant, and head of accounting department[9](index=9&type=chunk) - Reference documents include the full and summary semi-annual report signed by the company's legal representative and sealed by the company[9](index=9&type=chunk) - The reference documents are available at the company's Board of Directors' office[10](index=10&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Profile](index=5&type=section&id=2.1%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) Shaanxi International Trust Co., Ltd. (Shaanguotou A, stock code 000563) is listed on the Shenzhen Stock Exchange, with Yao Weidong as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Shaanguotou A | | Stock Code | 000563 | | Stock Exchange | Shenzhen Stock Exchange | | Chinese Name | Shaanxi International Trust Co., Ltd. | | Legal Representative | Yao Weidong | [Contacts and Contact Information](index=5&type=section&id=2.2%20%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) The company's Board Secretary is Wang Weihua, and the Securities Affairs Representative is Gao Qian, both located at C Block, Jinqiao International Plaza, No. 50 Keji Road, High-tech Zone, Xi'an, Shaanxi Province Contact Person Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Wang Weihua | C Block, Jinqiao International Plaza, No. 50 Keji Road, High-tech Zone, Xi'an, Shaanxi Province | (029) 61198769 | (029) 68210784 | sgtdm@siti.com.cn | | Securities Affairs Representative | Gao Qian | 27th Floor, Room 2710, Board of Directors' Office, C Block, Jinqiao International Plaza, No. 50 Keji Road, High-tech Zone, Xi'an, Shaanxi Province | (029) 85790607 | (029) 68210784 | sgtdm@siti.com.cn | [Other Information](index=5&type=section&id=2.3%20%E5%85%B6%E4%BB%96%E6%83%85%E5%86%B5) During the reporting period, there were no changes in the company's contact information, information disclosure, document availability, or other relevant data, as detailed in the 2024 annual report - The company's registered address, office address, postal code, website, and email address remained unchanged during the reporting period[14](index=14&type=chunk) - Information disclosure and document availability locations remained unchanged during the reporting period[15](index=15&type=chunk)[16](index=16&type=chunk) - Other relevant information showed no changes during the reporting period[17](index=17&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=2.4%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In the first half of 2025, the company's operating revenue decreased by 2.95% year-on-year, but net profit attributable to shareholders increased by 5.74%, with basic and diluted earnings per share also rising by 5.74%; net cash flow from operating activities decreased by 34.49%, while total assets and net assets attributable to shareholders both grew 2025 Semi-Annual Key Accounting Data and Financial Indicators | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,366,801,195.51 | 1,408,304,118.73 | -2.95% | | Net Profit Attributable to Shareholders of Listed Company | 725,609,363.75 | 686,189,518.09 | 5.74% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 723,466,452.39 | 675,512,511.87 | 7.10% | | Net Cash Flow from Operating Activities | 980,716,234.62 | 1,497,120,731.46 | -34.49% | | Basic Earnings Per Share (Yuan/share) | 0.1419 | 0.1342 | 5.74% | | Diluted Earnings Per Share (Yuan/share) | 0.1419 | 0.1342 | 5.74% | | Weighted Average Return on Net Assets | 3.99% | 3.95% | Increased by 0.04 percentage points | | **As of Current Reporting Period End** | **As of Prior Year End** | **Change from Prior Year End** | | Total Assets | 26,795,113,524.76 | 25,451,475,840.16 | 5.28% | | Net Assets Attributable to Shareholders of Listed Company | 18,357,422,972.16 | 17,887,512,126.31 | 2.63% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=6&type=section&id=2.5%20%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) During the reporting period, the company had no differences in net profit and net assets between financial reports prepared under International Accounting Standards or overseas accounting standards and those prepared under Chinese Accounting Standards - The company's financial reports for the reporting period show no differences in net profit and net assets between International Accounting Standards and Chinese Accounting Standards[18](index=18&type=chunk) - The company's financial reports for the reporting period show no differences in net profit and net assets between overseas accounting standards and Chinese Accounting Standards[19](index=19&type=chunk) [Non-Recurring Gains and Losses and Amounts](index=7&type=section&id=2.6%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) During the reporting period, the company's total non-recurring gains and losses amounted to 2,142,911.36 Yuan, primarily from non-current asset disposal gains/losses, reversal of impairment provisions for receivables, other non-operating income/expenses, and individual income tax handling fee refunds; the company classifies loan interest income, investment gains from disposal and holding of trading financial assets, and fair value change gains/losses as recurring gains/losses due to their nature as main business activities 2025 Semi-Annual Non-Recurring Gains and Losses and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Non-current asset disposal gains and losses | -5,612.16 | | Reversal of impairment provisions for receivables subject to separate impairment testing | 2,371,503.54 | | Other non-operating income and expenses apart from the above | -1,085,239.61 | | Other gains and losses meeting the definition of non-recurring gains and losses | 1,576,563.38 | | Less: Income tax impact | 714,303.79 | | Total | 2,142,911.36 | - Other gains and losses meeting the definition of non-recurring gains and losses are individual income tax handling fee refunds received[22](index=22&type=chunk) Items Classified as Recurring Gains and Losses | Item | Amount Involved (Yuan) | Reason | | :--- | :--- | :--- | | Loan interest income from non-financial enterprises recognized in current profit or loss | 388,039,117.89 | Lending is the company's main business | | Investment gains from disposal of trading financial assets | 12,571,037.86 | Investing in financial assets is the company's main business | | Fair value change gains and losses from holding trading financial assets | 103,974,215.27 | Investing in financial assets is the company's main business | [Management Discussion and Analysis](index=8&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Company's Main Business Activities During the Reporting Period](index=8&type=section&id=3.1%20%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) During the reporting period, the company actively responded to regulatory policies, promoted trust business transformation, maintained steady development in its inherent business, continuously expanded wealth management services, and strengthened risk prevention and internal reforms, contributing to the overall trust industry's stable asset growth, optimized business structure, and improved operating performance - The trust industry's asset scale showed stable growth, reaching **29.56 trillion Yuan** by the end of 2024, a year-on-year increase of **23.58%**[25](index=25&type=chunk) - The trust business structure significantly optimized, with diversified development in asset service trusts, asset management trusts, and public welfare charitable trusts[25](index=25&type=chunk) - The company's business scope includes various trust businesses such as fund trusts, movable property trusts, real estate trusts, and marketable securities trusts, as well as inherent business and intermediary services like investment advisory[28](index=28&type=chunk) 2025 Semi-Annual Operating Performance Overview | Indicator | Amount (billion Yuan) | YoY Change | | :--- | :--- | :--- | | Total Operating Revenue | 1.367 | - | | Inherent Business Revenue | 0.658 | +10.18% | | Total Profit | 0.968 | +5.80% | | Net Profit | 0.726 | +5.74% | | Managed Trust Scale (as of end of June) | 586.064 | +1.35% (vs. beginning of year) | - The company accelerated trust business transformation, established a full-category asset management product system, promoted asset service trust in specialized scenarios, and focused on serving the real economy within the province[35](index=35&type=chunk) - Inherent business strengthened investment research capabilities, strategically invested in emerging industries and key provincial industrial chains, enhanced profitability, and fostered synergy with trust business[36](index=36&type=chunk) - Wealth management brand influence continued to expand, optimizing client structure and balancing product structure, with family/household and insurance trust assets under management exceeding **5 billion Yuan**[37](index=37&type=chunk) - The company strengthened internal control and compliance, strictly controlled incremental risks, enhanced public-related risk management, accelerated digital transformation, increased technology investment, and deployed AI technology[38](index=38&type=chunk)[39](index=39&type=chunk) [Analysis of Core Competencies](index=12&type=section&id=3.2%20%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies are rooted in its standardized governance structure, capital advantages from its listing, prudent risk control philosophy, high-caliber talent pool, and adaptive capacity for continuous reform - The company's governance structure is standardized and scientific, with the Party Committee playing a leading role to ensure development aligns with national strategies and industry trends[41](index=41&type=chunk) - As the first listed non-bank financial institution in China, the company enjoys high visibility and brand influence, with net assets climbing to **18.357 billion Yuan**, and is systematically advancing a private placement of no more than **3.8 billion Yuan**[41](index=41&type=chunk) - The company adheres to a steady and progressive development philosophy, prioritizing risk prevention, establishing a comprehensive "three lines of defense" system, and strengthening risk control in key areas[42](index=42&type=chunk) - The company boasts a high-quality talent pool, with over **68%** holding master's or doctoral degrees, and has improved person-job fit through institutional reforms and company-wide competitive recruitment[42](index=42&type=chunk) - The company continuously deepens reforms, promoting a "business group + business unit" structure for its trust main business, implementing comprehensive reforms in compliance, risk control, operations, portfolio management, and technology, and firmly pursuing digital transformation[42](index=42&type=chunk)[43](index=43&type=chunk) [Analysis of Main Business](index=13&type=section&id=3.3%20%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business is financial trust services, with operating revenue decreasing by 2.95% year-on-year during the reporting period; net interest income increased by 30.20%, and fair value change gains/losses significantly grew by 359.85%, but investment income decreased by 31.16% year-on-year, with Northwest China remaining the primary revenue source and North China showing significant revenue growth 2025 Semi-Annual Major Financial Data YoY Changes | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Business and Management Expenses | 430,054,314.57 | 404,063,814.32 | 6.43% | - | | Income Tax Expense | 242,030,812.38 | 228,391,307.72 | 5.97% | - | | Net Cash Flow from Operating Activities | 980,716,234.62 | 1,497,120,731.46 | -34.49% | Primarily due to an increase in net financial assets held for trading purposes | | Net Cash Flow from Investing Activities | -241,370,115.71 | -744,000,638.46 | 67.56% | Primarily due to an increase in other entrusted funds received | | Net Cash Flow from Financing Activities | -818,346,558.97 | -648,418,535.07 | -26.21% | Primarily due to a decrease in net funds from the Trust Industry Guarantee Fund Company compared to the prior year | | Net Increase in Cash and Cash Equivalents | -79,000,440.06 | 104,701,557.93 | -175.45% | Comprehensive impact of operating, investing, and financing activities | | Net Interest Income | 242,701,608.25 | 186,410,426.06 | 30.20% | Primarily due to lower payments to other entrusted parties | | Investment Income | 308,771,434.75 | 448,528,689.78 | -31.16% | Primarily due to reduced income from financial product investments | | Fair Value Change Gains and Losses | 103,974,215.27 | -40,013,348.99 | 359.85% | Primarily due to an increase in the market value of financial products held | | Asset Disposal Gains | -5,612.16 | -1,293.22 | -333.97% | Decrease in fixed asset disposal gains in the current period | | Credit Impairment Losses | -44,362,059.92 | 75,285,056.79 | -158.93% | Primarily due to a decrease in assets requiring impairment provision in the current period | | Non-Operating Income | 110,790.09 | 1,000.67 | 10,971.59% | Primarily due to recovery of previously written-off deposits in the current period | 2025 Semi-Annual Operating Revenue Composition | Item | Amount (Yuan) | Proportion of Operating Revenue | Prior Year Period Amount (Yuan) | Proportion of Operating Revenue | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Operating Revenue** | **1,366,801,195.51** | **100%** | **1,408,304,118.73** | **100%** | **-2.95%** | | **By Industry** | | | | | | | Financial Trust Business | 1,366,801,195.51 | 100.00% | 1,408,304,118.73 | 100.00% | -2.95% | | **By Product** | | | | | | | Financial Trust Business | 1,366,801,195.51 | 100.00% | 1,408,304,118.73 | 100.00% | -2.95% | | **By Region** | | | | | | | Northwest | 1,127,111,867.91 | 82.46% | 1,181,188,425.75 | 83.87% | -4.58% | | Central China | - | 0.00% | 5,425,992.03 | 0.39% | -100.00% | | South China | 8,047,276.08 | 0.59% | 18,697,130.95 | 1.33% | -56.96% | | East China | 11,849,288.88 | 0.87% | 18,106,443.47 | 1.29% | -34.56% | | North China | 213,190,068.22 | 15.60% | 160,609,634.45 | 11.40% | 32.74% | | Southwest | 6,602,694.42 | 0.48% | 24,276,492.08 | 1.72% | -72.80% | [Analysis of Non-Main Business](index=14&type=section&id=3.4%20%E9%9D%9E%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company had no non-main business activities during the reporting period [Analysis of Assets and Liabilities](index=14&type=section&id=3.5%20%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) As of the end of the reporting period, the company's total assets increased by 5.28% year-on-year, and net assets attributable to shareholders increased by 2.63%; the proportion of trading financial assets and debt investments rose, while loans and advances decreased, with some assets subject to restricted rights 2025 Semi-Annual Major Changes in Asset Composition | Item | Amount at End of Current Period (Yuan) | Proportion of Total Assets | Amount at End of Prior Year (Yuan) | Proportion of Total Assets | Change in Proportion | Explanation of Major Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 2,867,101,313.66 | 10.70% | 2,946,101,753.72 | 11.58% | -0.88% | - | | Accounts Receivable | 159,997,122.64 | 0.60% | 155,648,181.60 | 0.61% | -0.01% | - | | Long-term Equity Investments | 144,718,673.92 | 0.54% | 148,456,860.98 | 0.58% | -0.04% | - | | Fixed Assets | 61,989,275.78 | 0.23% | 64,478,775.36 | 0.25% | -0.02% | - | | Construction in Progress | 897,756,074.57 | 3.35% | 721,289,137.62 | 2.83% | 0.52% | - | | Right-of-Use Assets | 3,867,391.04 | 0.01% | 8,328,693.61 | 0.03% | -0.02% | Primarily due to depreciation of right-of-use assets | | Contract Liabilities | 15,029,792.20 | 0.06% | 27,043,037.16 | 0.11% | -0.05% | Decrease in fees and commission income to be recognized in future years based on accrual basis | | Lease Liabilities | 3,728,603.78 | 0.01% | 7,835,099.23 | 0.03% | -0.02% | Primarily due to rent payments | | Loans and Advances | 9,535,527,694.85 | 35.59% | 9,927,095,374.46 | 39.00% | -3.41% | - | | Trading Financial Assets | 3,622,802,629.69 | 13.52% | 3,113,955,125.39 | 12.23% | 1.29% | - | | Debt Investments | 6,169,494,944.78 | 23.02% | 5,112,026,831.57 | 20.09% | 2.93% | - | | Other Equity Instrument Investments | 1,400,196,720.49 | 5.23% | 1,400,196,720.49 | 5.50% | -0.27% | - | | Employee Benefits Payable | 618,522,943.24 | 2.31% | 613,919,572.42 | 2.41% | -0.10% | - | | Taxes Payable | 146,181,337.56 | 0.55% | 328,402,522.17 | 1.29% | -0.74% | Primarily due to tax payments in the current period | | Deferred Income Tax Liabilities | 5,315,176.36 | 0.02% | 123,398.59 | 0.00% | 0.02% | Primarily due to fair value changes | | Other Liabilities | 7,488,770,472.94 | 27.95% | 6,372,581,202.37 | 25.04% | 2.91% | - | 2025 Semi-Annual Assets and Liabilities Measured at Fair Value | Item | Opening Balance (Yuan) | Fair Value Change Gains/Losses for Current Period (Yuan) | Cumulative Fair Value Changes Included in Equity (Yuan) | Purchases for Current Period (Yuan) | Sales for Current Period (Yuan) | Closing Balance (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Financial Assets** | | | | | | | | 1. Trading Financial Assets | 3,113,955,125.39 | 103,974,215.27 | 0.00 | 2,987,276,774.93 | 2,564,280,931.41 | 3,622,802,629.69 | | 4. Other Equity Instrument Investments | 1,400,196,720.49 | 0.00 | -101,708,036.26 | 0.00 | 0.00 | 1,400,196,720.49 | | **Subtotal Financial Assets** | **4,514,151,845.88** | **103,974,215.27** | **-101,708,036.26** | **2,987,276,774.93** | **2,564,280,931.41** | **5,022,999,350.18** | | **Financial Liabilities** | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2025 Semi-Annual Asset Rights Restriction Status | Item | Carrying Amount at Period End (Yuan) | Reason for Restriction | | :--- | :--- | :--- | | Loans and Advances | 53,755,732.38 | Other liabilities | | Debt Investments | 157,690,466.76 | - | | Other Receivables | 806,527,161.52 | - | | Total | 1,017,973,360.66 | - | [Analysis of Investment Status](index=16&type=section&id=3.6%20%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company had no significant equity or non-equity investments during the reporting period; financial asset investments primarily comprised securities and funds, with a notable proportion in trust and asset management products, and the company contributed a total of 430.2611 million Yuan to the Trust Industry Guarantee Fund - The company had no significant equity investments or ongoing significant non-equity investments during the reporting period[56](index=56&type=chunk)[57](index=57&type=chunk) 2025 Semi-Annual Partial Securities Investment Status | Security Code | Security Name | Carrying Amount at Beginning of Period (Yuan) | Fair Value Change Gains/Losses for Current Period (Yuan) | Carrying Amount at End of Period (Yuan) | | :--- | :--- | :--- | :--- | :--- | | 000768 | AVIC Control | 87,738.50 | 5,876,219.32 | 81,875,198.75 | | 600416 | Xiangtan Electric Manufacturing | 57,732,950.44 | 6,116,109.60 | 68,733,987.90 | | 002356 | Hermès Group | 36,898,547.72 | 47,889,604.28 | 34,319,013.84 | | 603986 | GigaDevice | 15,806,400.00 | 11,642,507.61 | 18,726,440.00 | | 300775 | Triangle Defense | 15,537,996.45 | 20,999,709.40 | 16,762,385.84 | | 300743 | Tiandi Digital | 7,816,036.00 | 7,055,333.13 | 9,589,580.00 | | 000528 | Liugong | 5,524,686.00 | 9,452,748.09 | 8,442,385.16 | | 600685 | CSSC Offshore & Marine Engineering | 1,007,318.72 | 6,956,741.04 | 7,964,059.76 | | 300035 | Zhongke Electric | 2,161,770.00 | 5,364,048.50 | 6,465,040.00 | | 600482 | China Shipbuilding Power | 193,961.00 | 5,718,880.00 | 5,912,841.00 | | **Total** | **889,852,981.46** | **749,131,953.84** | **1,152,837,592.51** | 2025 Semi-Annual Other Financial Product Investment Status (Partial) | Item | Financial Product Amount (10,000 Yuan) | Type | Accounting Subject | Current Period Profit/Loss (10,000 Yuan) | | :--- | :--- | :--- | :--- | :--- | | 1 | 6,914.67 | Fund | Trading Financial Assets | 18.01 | | 5 | 4,509.50 | Fund | Trading Financial Assets | 152.78 | | 6 | 3,301.67 | Fund | Trading Financial Assets | 277.47 | | 7 | 3,297.48 | Fund | Trading Financial Assets | 305.96 | | 37 | 20,003.28 | Wealth Management Product | Trading Financial Assets | 17.06 | | 48 | 100,206.25 | Trust Product | Trading Financial Assets | 752.64 | | 53 | 5,330.48 | Asset Management | Trading Financial Assets | 142.75 | | 60 | 73,691.50 | Financial Enterprise Equity | Other Equity Instrument Investments | 1,704.70 | | 63 | 88,730.12 | Trust Product | Debt Investments | 2,353.69 | | **Total** | **1,046,499.39** | | | **22,280.21** | - As of the end of the first half of 2025, the company's total fair value of Trust Industry Guarantee Fund contributions was **430.2611 million Yuan**, calculated based on 1% of net asset balance, 1% of new fund trust issuance amount, and 5% of remuneration from newly established property trusts[65](index=65&type=chunk) - The company had no derivative investments during the reporting period[66](index=66&type=chunk) [Use of Raised Funds](index=21&type=section&id=3.7%20%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E4%BD%BF%E7%94%A8%E6%83%85%E5%86%B5) The company had no use of raised funds during the reporting period [Significant Asset and Equity Sales](index=21&type=section&id=3.8%20%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) The company did not sell significant assets or equity during the reporting period [Analysis of Major Holding and Participating Companies](index=21&type=section&id=3.9%20%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company had no important holding or participating company information to disclose during the reporting period [Information on Structured Entities Controlled by the Company](index=21&type=section&id=3.10%20%E5%85%AC%E5%8F%B8%E6%8E%A7%E5%88%B6%E7%9A%84%E7%BB%93%E6%9E%84%E5%8C%96%E4%B8%BB%E4%BD%93%E6%83%85%E5%86%B5) The company comprehensively assessed its rights and variable returns from structured entities, resulting in the consolidation of 48 structured entities - The company consolidated 48 structured entities, including asset management plans, funds, and trust plans, which it controls[72](index=72&type=chunk) [Risks Faced by the Company and Countermeasures](index=22&type=section&id=3.11%20%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company faces credit, market, operational, compliance, strategic, and other risks, and has established corresponding risk management systems and countermeasures, including pre-assessment, in-process control, post-event supervision, strengthened internal control and compliance, and increased investment in financial technology - **Credit risk** is mitigated through a pre-assessment, in-process control, and post-event supervision system, strengthening credit risk management capabilities, enhancing counterparty screening and credit enhancement measures, strictly adhering to business processes, establishing risk screening mechanisms, reinforcing monitoring and early warning, and making adequate impairment provisions[73](index=73&type=chunk) - **Market risk** is managed by formulating market risk management principles and procedures, analyzing macroeconomic and policy changes, strictly implementing limit management and stop-loss mechanisms, conducting asset portfolio management, and strengthening market risk monitoring[74](index=74&type=chunk) - **Operational risk** is addressed by strengthening internal control system construction, optimizing departmental responsibilities, improving rules and regulations, reasonably setting job responsibilities, reinforcing process control, enhancing employee behavior management and training, promptly eliminating operational risk hidden dangers, and implementing accountability[75](index=75&type=chunk) - **Compliance risk** is managed by studying national policy directions, returning to the essence of serving the real economy, adhering to risk compliance bottom lines, improving consumer rights protection mechanisms, strengthening standardized marketing of trust products, and promoting trust culture construction[76](index=76&type=chunk) - **Strategic risk** is mitigated by adhering to the general principle of seeking progress while maintaining stability, upholding a prudent and steady operating philosophy, leveraging the checks and balances of corporate governance, making democratic and scientific decisions based on thorough market research and demonstration, with the Board of Directors reviewing development strategies and the Strategic Development Committee researching long-term development strategies and major project decisions[76](index=76&type=chunk) - **Other risks**, including liquidity risk, information technology risk, reputational risk, and money laundering risk, are controlled through strengthening the comprehensive risk management system and internal control system[76](index=76&type=chunk)[77](index=77&type=chunk) [Implementation of Market Value Management System and Valuation Enhancement Plan](index=23&type=section&id=3.12%20%E5%B8%82%E5%80%BC%E7%AE%A1%E7%90%86%E5%88%B6%E5%BA%A6%E5%92%8C%E4%BC%B0%E5%80%BC%E6%8F%90%E5%8D%87%E8%AE%A1%E5%88%92%E7%9A%84%E5%88%B6%E5%AE%9A%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has established a "Market Value Management System" but has not yet disclosed a valuation enhancement plan - The company's Board of Directors approved the "Proposal on Formulating the <Market Value Management System>" on August 25, 2025, to strengthen market value management and enhance investment value[78](index=78&type=chunk) - The company has not yet disclosed a valuation enhancement plan[78](index=78&type=chunk) [Implementation of "Quality and Return Dual Enhancement" Action Plan](index=23&type=section&id=3.13%20%E2%80%9C%E8%B4%A8%E9%87%8F%E5%9B%9E%E6%8A%A5%E5%8F%8C%E6%8F%90%E5%8D%87%E2%80%9D%E8%A1%8C%E5%8A%A8%E6%96%B9%E6%A1%88%E8%B4%AF%E5%BD%BB%E8%90%BD%E5%AE%9E%E6%83%85%E5%86%B5) The company has not yet disclosed an announcement regarding the "Quality and Return Dual Enhancement" action plan - The company has not yet disclosed an announcement regarding the "Quality and Return Dual Enhancement" action plan[78](index=78&type=chunk) [Corporate Governance, Environment, and Society](index=24&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) [Changes in Directors, Supervisors, and Senior Management](index=24&type=section&id=4.1%20%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, company director Gao Xuejun, business director Xu Haibao, senior audit officer Qiao Xiaolei, risk director Zhang Tao, and chief accountant Jia Shaolong resigned or were appointed/removed, while Xu Haibao was appointed Vice President, Qiao Xiaolei as Chief Accountant, Zhang Tao as Operations Director, and Wang Yaning as Risk Director 2025 Semi-Annual Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Change Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Gao Xuejun | Director | Resignation | April 27, 2025 | Resigned due to work changes, stepping down from director and special committee positions | | Xu Haibao | Vice President | Appointment | May 28, 2025 | Appointed by Board of Directors' resolution | | Xu Haibao | Business Director | Removal | May 28, 2025 | Resigned due to work changes, stepping down from business director position | | Qiao Xiaolei | Chief Accountant | Appointment | March 7, 2025 | Appointed by Board of Directors' resolution | | Qiao Xiaolei | Senior Audit Officer | Removal | March 6, 2025 | Resigned due to work changes, stepping down from senior audit officer position | | Zhang Tao | Operations Director | Appointment | July 30, 2025 | Appointed by Board of Directors' resolution, qualification approved | | Zhang Tao | Risk Director | Removal | March 6, 2025 | Resigned due to work changes, stepping down from risk director position | | Wang Yaning | Risk Director | Appointment | July 17, 2025 | Appointed by Board of Directors' resolution, qualification approved | | Jia Shaolong | Chief Accountant | Resignation | January 6, 2025 | Resigned due to work changes, stepping down from chief accountant position | [Profit Distribution and Capital Reserve Conversion to Share Capital in the Current Reporting Period](index=25&type=section&id=4.2%20%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) The company's 2025 semi-annual profit distribution plan proposes a cash dividend of 0.1 Yuan (tax inclusive) per 10 shares to all shareholders, based on a share capital base of 5,113,970,358 shares, with no bonus shares or capital reserve conversion to share capital, and the total cash dividend accounts for 100% of the total profit distribution 2025 Semi-Annual Profit Distribution Plan | Indicator | Value | | :--- | :--- | | Bonus Shares per 10 shares (shares) | 0 | | Cash Dividend per 10 shares (Yuan) (tax inclusive) | 0.1 | | Share Capital Base for Distribution Plan (shares) | 5,113,970,358 | | Cash Dividend Amount (Yuan) (tax inclusive) | 51,139,703.58 | | Distributable Profit (Yuan) | 5,247,745,246.47 | | Proportion of Total Cash Dividend to Total Profit Distribution | 100% | - The company plans to allocate **72,315,851.99 Yuan** for statutory common reserve (10% of net profit) and **36,157,925.99 Yuan** for trust compensation reserve (5% of net profit)[82](index=82&type=chunk) [Implementation of Company's Equity Incentive Plan, Employee Stock Ownership Plan, or Other Employee Incentive Measures](index=25&type=section&id=4.3%20%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E5%AE%9E%E6%96%BD%E6%83%85%E5%86%B5) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period [Environmental Information Disclosure](index=25&type=section&id=4.4%20%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E6%83%85%E5%86%B5) The company and its major subsidiaries are not included in the list of enterprises required to disclose environmental information by law [Social Responsibility](index=26&type=section&id=4.5%20%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E6%83%85%E5%86%B5) The company actively fulfills its social responsibility for targeted rural revitalization and village assistance, investing funds to support industrial development, while also prioritizing consumer rights protection through various financial education activities, and successfully resolving all 25 consumer complaints received during the reporting period without any major incidents - The company undertakes targeted rural revitalization assistance in Wu'an Village, Zhaozhuang Town, Chengcheng County, Weinan City, Shaanxi Province, and industrial assistance in Chunhua County, Xianyang City, Shaanxi Province[85](index=85&type=chunk) - The company invested assistance funds to help Wu'an Village establish a municipal-level "Ten Million Project" key village and provided a **20 million Yuan** working capital loan to Shaanxi Xianyang Baixing Le Pharmacy Chain Co., Ltd.[85](index=85&type=chunk) - The company established Shaanxi Xianyang Chunhua Industrial Revitalization Development Fund Partnership (Limited Partnership) and has invested **5 million Yuan**[85](index=85&type=chunk) - The company integrates consumer rights protection into its corporate governance, culture, and development strategy, actively practicing the "political and people-oriented nature" of financial work[86](index=86&type=chunk) - The company conducted a series of educational and promotional activities, including "3·15 Financial Consumer Rights Protection Education and Promotion Activity" and "Illegal Financial Activities Prevention Month," cumulatively publishing **61 promotional articles** and holding **14 offline events**[86](index=86&type=chunk) - During the reporting period, the company received **25 consumer complaints** related to personal loans, proprietary wealth management, and agency trust businesses, all resolved within 15 days, with no major consumer complaints[87](index=87&type=chunk) [Significant Matters](index=27&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Commitments Fulfilled and Overdue Unfulfilled Commitments by Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=27&type=section&id=5.1%20%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) During the reporting period, Shaanxi Coal and Chemical Industry Group Co., Ltd., the company's largest shareholder, strictly fulfilled its commitments regarding the company's independence, standardized related party transactions, and avoidance of horizontal competition, with no violations of commitments observed - Shaanxi Coal and Chemical Industry Group Co., Ltd. committed to ensuring the company's independence in personnel, finance, assets, organization, and business during its tenure as the largest shareholder of Shaanguotou[90](index=90&type=chunk) - Shaanxi Coal and Chemical Industry Group Co., Ltd. committed to standardizing related party transactions with Shaanguotou, ensuring fair and reasonable transaction prices, and not infringing upon the legitimate rights and interests of Shaanguotou and other shareholders[90](index=90&type=chunk) - Shaanxi Coal and Chemical Industry Group Co., Ltd. committed to avoiding horizontal competition with Shaanguotou in financial equity investment, not investing in other trust companies, and strengthening mutual cooperation[91](index=91&type=chunk) - All commitments were fulfilled on time, with no overdue unfulfilled commitments[91](index=91&type=chunk) [Non-Operating Funds Occupied by Controlling Shareholders and Other Related Parties of the Listed Company](index=28&type=section&id=5.2%20%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) During the reporting period, there were no instances of non-operating funds being occupied by controlling shareholders or other related parties of the listed company [Irregular External Guarantees](index=28&type=section&id=5.3%20%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period [Appointment and Dismissal of Accounting Firms](index=29&type=section&id=5.4%20%E8%81%98%E4%BB%BB%E3%80%81%E8%A7%A3%E8%81%98%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%83%85%E5%86%B5) The company's semi-annual financial report was not audited [Board of Directors' and Supervisory Board's Explanation on "Non-Standard Audit Report" for the Current Reporting Period](index=29&type=section&id=5.5%20%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E2%80%9C%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%E2%80%9D%E7%9A%84%E8%AF%B4%E6%98%8E) The company had no non-standard audit report during the reporting period [Board of Directors' Explanation on "Non-Standard Audit Report" for the Previous Year](index=29&type=section&id=5.6%20%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%AF%B9%E4%B8%8A%E5%B9%B4%E5%BA%A6%E2%80%9C%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A%E2%80%9D%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) The company had no non-standard audit report for the previous year during the reporting period [Bankruptcy Reorganization Matters](index=29&type=section&id=5.7%20%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company had no bankruptcy reorganization matters during the reporting period [Litigation Matters](index=29&type=section&id=5.8%20%E8%AF%89%E8%AE%BC%E4%BA%8B%E9%A1%B9) The company had no significant litigation, arbitration, or other litigation matters during the reporting period [Penalties and Rectification](index=29&type=section&id=5.9%20%E7%BD%9A%E5%A4%84%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) The company had no penalties or rectification situations during the reporting period [Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=29&type=section&id=5.10%20%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E7%9A%84%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5) During the reporting period, the company, its largest shareholder, and actual controller had no adverse integrity records, such as unfulfilled effective court judgments or large overdue debts - During the reporting period, the company, its largest shareholder, and actual controller had no adverse integrity records, such as unfulfilled effective court judgments or large overdue debts[98](index=98&type=chunk) [Significant Related Party Transactions](index=30&type=section&id=5.11%20%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company had no related party transactions related to daily operations, asset or equity acquisitions/disposals, joint external investments, related party creditor-debtor relationships, transactions with affiliated financial companies, transactions between the company's controlled financial companies and related parties, or other significant related party transactions and trust business related party transactions [Significant Contracts and Their Performance](index=31&type=section&id=5.12%20%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company had no custody, contracting, significant guarantee, or other significant contracts during the reporting period; in leasing, it earned 532,188.25 Yuan from renting out properties and commercial units, while incurring 8,367,667.36 Yuan in office space rental expenses; for entrusted wealth management, the company invested its own funds in bank wealth management products, with an outstanding balance of 500 million Yuan at period-end and no overdue unrecovered amounts - The company had no custody or contracting situations during the reporting period[107](index=107&type=chunk)[108](index=108&type=chunk) - The company rented out 13 units of its Jinqiao Sun Island property and 43 commercial units and one apartment in Bengbu City, Anhui Province, generating a total rental income of **532,188.25 Yuan**[109](index=109&type=chunk) - The company rented 8 office locations, incurring total office rental expenses of **8,367,667.36 Yuan** during the reporting period[109](index=109&type=chunk) - The company had no significant guarantee situations during the reporting period[111](index=111&type=chunk) 2025 Semi-Annual Entrusted Wealth Management Status | Specific Type | Source of Entrusted Funds | Amount of Entrusted Wealth Management (10,000 Yuan) | Outstanding Balance (10,000 Yuan) | Overdue Unrecovered Amount (10,000 Yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 50,000 | 50,000 | 0 | | Total | | 50,000 | 50,000 | 0 | - The company had no other significant contracts during the reporting period[115](index=115&type=chunk) [Explanation of Other Significant Matters](index=32&type=section&id=5.13%20%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) The company has approved a plan to issue A-shares to specific investors in 2025, aiming to raise no more than 3.8 billion Yuan from no more than 35 investors; this plan has received approval from the Shaanxi Provincial Department of Finance but still requires approval from the Shaanxi Regulatory Bureau of the National Financial Regulatory Administration, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission - The company's Board of Directors, Supervisory Board, and Shareholders' Meeting have approved the plan for a private placement of A-shares to specific investors in 2025[117](index=117&type=chunk) - The private placement will involve no more than 35 investors, with a total fundraising amount not exceeding **3.8 billion Yuan**, and not exceeding **30%** of the company's total share capital before the issuance[117](index=117&type=chunk) - The plan has been approved by the Shaanxi Provincial Department of Finance but is still subject to approval from the Shaanxi Regulatory Bureau of the National Financial Regulatory Administration, review by the Shenzhen Stock Exchange, and registration decision by the China Securities Regulatory Commission before implementation[118](index=118&type=chunk) [Significant Matters of Company Subsidiaries](index=33&type=section&id=5.14%20%E5%85%AC%E5%8F%B8%E5%AD%90%E5%85%AC%E5%8F%B8%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9) The company had no significant matters concerning its subsidiaries during the reporting period [Share Changes and Shareholder Information](index=34&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Share Change Status](index=34&type=section&id=6.1%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital remained unchanged at 5,113,970,358 shares, all of which are unrestricted shares 2025 Semi-Annual Share Change Status | Item | Quantity Before This Change (shares) | Proportion | Net Increase/Decrease for This Change (shares) | Quantity After This Change (shares) | Proportion | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 0 | 0% | 0 | 0 | 0% | | II. Unrestricted Shares | 5,113,970,358 | 100.00% | 0 | 5,113,970,358 | 100.00% | | 1. RMB Ordinary Shares | 5,113,970,358 | 100.00% | 0 | 5,113,970,358 | 100.00% | | III. Total Shares | 5,113,970,358 | 100.00% | 0 | 5,113,970,358 | 100.00% | - During the reporting period, the reasons for share changes, approval status of share changes, and progress of share repurchase implementation were all not applicable[122](index=122&type=chunk) [Restricted Share Changes](index=35&type=section&id=6.2%20%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) The company had no restricted share changes during the reporting period [Securities Issuance and Listing](index=35&type=section&id=6.3%20%E8%AF%81%E5%88%B8%E5%8F%91%E8%A1%8C%E4%B8%8E%E4%B8%8A%E5%B8%82%E6%83%85%E5%86%B5) The company had no securities issuance or listing activities during the reporting period [Number of Shareholders and Shareholding Status](index=35&type=section&id=6.4%20%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the end of the reporting period, the total number of ordinary shareholders was 109,849; among the top ten shareholders, Shaanxi Coal and Chemical Industry Group Co., Ltd. held 26.80% and Shaanxi Transportation Control Asset Management Co., Ltd. held 16.76%, both being state-owned legal entities, and explanations of related party relationships or concerted actions among the top ten shareholders have been disclosed 2025 Semi-Annual Shareholder Number and Shareholding Status | Indicator | Value | | :--- | :--- | | Total number of ordinary shareholders at period end | 109,849 | | Total number of preferred shareholders with restored voting rights at period end (if any) | 0 | 2025 Semi-Annual Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Ratio (%) | Number of Ordinary Shares Held at Period End (shares) | Change in Holding During Reporting Period (shares) | Number of Unrestricted Ordinary Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shaanxi Coal and Chemical Industry Group Co., Ltd. | State-owned Legal Entity | 26.80 | 1,370,585,727 | 0 | 1,370,585,727 | | Shaanxi Transportation Control Asset Management Co., Ltd. | State-owned Legal Entity | 16.76 | 857,135,697 | 0 | 857,135,697 | | Shaanxi Caijin Investment Management Co., Ltd. | State-owned Legal Entity | 4.98 | 254,532,679 | 0 | 254,532,679 | | Zhang Sufen | Domestic Natural Person | 1.54 | 78,500,000 | 10,300,000 | 78,500,000 | | Central Huijin Asset Management Co., Ltd. | State-owned Legal Entity | 1.00 | 50,966,280 | 0 | 50,966,280 | | CITIC Securities Co., Ltd. | State-owned Legal Entity | 0.99 | 50,829,199 | 2,278,532 | 50,829,199 | | Agricultural Bank of China Co., Ltd. - CSI 500 ETF | Fund, Wealth Management Product, etc. | 0.90 | 45,818,986 | 1,955,200 | 45,818,986 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Entity | 0.87 | 44,687,981 | -7,021,007 | 44,687,981 | | Xi'an Kerui Investment Management Co., Ltd. | Domestic General Legal Entity | 0.77 | 39,311,015 | -4,420,400 | 39,311,015 | | Yang Jie | Domestic Natural Person | 0.71 | 36,514,300 | 0 | 36,514,300 | - The company's largest shareholder and second largest shareholder are both provincial state-owned sole proprietorships; the largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., has no related party relationships with other top 10 shareholders[125](index=125&type=chunk) - Shareholder Yang Jie holds company shares through CITIC Securities Co., Ltd.'s client credit trading guarantee securities account[125](index=125&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=37&type=section&id=6.5%20%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%8C%81%E8%82%A1%E5%8F%98%E5%8A%A8) The company's directors, supervisors, and senior management had no changes in their shareholdings during the reporting period [Changes in Controlling Shareholder or Actual Controller](index=37&type=section&id=6.6%20%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) The company's controlling shareholder and actual controller remained unchanged during the reporting period [Preferred Share Information](index=37&type=section&id=6.7%20%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period [Bond-Related Information](index=38&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no bond-related information during the reporting period [Financial Report](index=39&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=39&type=section&id=8.1%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's semi-annual financial report was not audited [Financial Statements](index=39&type=section&id=8.2%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for the first half of 2025, comprehensively illustrating the company's financial position, operating results, and cash flow - The consolidated balance sheet shows total assets of **26,795,113,524.76 Yuan** and total equity attributable to parent company owners of **18,357,422,972.16 Yuan** at period-end[134](index=134&type=chunk)[135](index=135&type=chunk) - The consolidated income statement shows total operating revenue of **1,366,801,195.51 Yuan** and net profit of **725,609,363.75 Yuan** for the first half of 2025[140](index=140&type=chunk)[141](index=141&type=chunk) - The consolidated cash flow statement shows net cash flow from operating activities of **980,716,234.62 Yuan**, net cash flow from investing activities of **-241,370,115.71 Yuan**, and net cash flow from financing activities of **-818,346,558.97 Yuan** for the first half of 2025[147](index=147&type=chunk)[148](index=148&type=chunk) [Company Basic Information](index=56&type=section&id=8.3%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) Shaanxi International Trust Co., Ltd., established in 1984 and listed on the Shenzhen Stock Exchange in 1994 with stock code 000563, has a registered capital of 5.114 billion Yuan and primarily engages in trust businesses, including fund trusts, movable property trusts, and real estate trusts, as well as inherent business and other services like securities underwriting - The company was established in 1984 and listed on the Shenzhen Stock Exchange on January 10, 1994, with stock abbreviation "Shaanguotou A" and stock code "000563"[163](index=163&type=chunk)[164](index=164&type=chunk) - The company's registered capital is **5.114 billion Yuan**, and its registered address is C Block, Jinqiao International Plaza, No. 50 Keji Road, High-tech Zone, Xi'an, Shaanxi Province[163](index=163&type=chunk) - The company's business scope primarily includes fund trusts, movable property trusts, real estate trusts, marketable securities trusts, other property or property rights trusts, investment fund business, enterprise asset restructuring, mergers and acquisitions and project financing, corporate wealth management, financial advisory, and other services[169](index=169&type=chunk) [Basis of Financial Statement Preparation](index=57&type=section&id=8.4%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The company's financial statements are prepared on a going concern basis, in accordance with the "Enterprise Accounting Standards" issued by the Ministry of Finance and related regulations, and based on significant accounting policies and estimates; the company possesses the ability to continue as a going concern for at least 12 months - The company's financial statements are prepared on a going concern basis, in accordance with the "Enterprise Accounting Standards" issued by the Ministry of Finance and related regulations, based on actual transactions and events[171](index=171&type=chunk) - The company possesses the ability to continue as a going concern for at least 12 months from the end of the current reporting period, with no significant matters affecting its going concern ability[172](index=172&type=chunk) [Significant Accounting Policies and Accounting Estimates](index=58&type=section&id=8.5%20%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the company's specific accounting policies and estimates for financial statement preparation, covering enterprise accounting standards, accounting period, operating cycle, functional currency, materiality, business combinations, consolidated financial statements, cash and cash equivalents, foreign currency transactions, financial assets and liabilities, impairment provisions for various assets, contract liabilities, employee benefits, lease liabilities, provisions, share-based payments, revenue recognition, government grants, deferred income tax, trust business accounting, trust compensation reserve, general reserve, and trust industry guarantee fund; no significant changes in accounting policies or estimates occurred during the reporting period - The company's financial statements comply with the requirements of enterprise accounting standards, accurately and completely reflecting its financial position, operating results, and cash flows[174](index=174&type=chunk) - The company includes all controlled subsidiaries and structured entities within the scope of its consolidated financial statements[181](index=181&type=chunk) - Financial assets are classified as measured at amortized cost, fair value through other comprehensive income, or fair value through profit or loss[192](index=192&type=chunk) - Revenue recognition principles involve recognizing revenue when the customer obtains control of the related goods or services, specifically including interest income, fee and commission income, investment income, fair value change gains/losses, and other operating income[256](index=256&type=chunk)[259](index=259&type=chunk)[260](index=260&type=chunk)[261](index=261&type=chunk)[262](index=262&type=chunk) - The company accrues a trust compensation reserve at **5%** of its after-tax net profit for the year, ceasing when the cumulative amount reaches **20%** of its registered capital[267](index=267&type=chunk) - The company treats the general reserve as profit distribution, with the general reserve balance generally not less than **1.5%** of the period-end balance of risk assets[269](index=269&type=chunk) - Trust Industry Guarantee Fund contributions are calculated based on a unified standard, including **1%** of the net asset balance, **1%** of the new fund trust issuance amount, and **5%** of the remuneration from newly established property trusts[269](index=269&type=chunk) - No significant changes in accounting policies and accounting estimates occurred during the reporting period[270](index=270&type=chunk) [Taxation](index=77&type=section&id=8.6%20%E7%A8%8E%E9%A1%B9) The company's main taxes include Value-Added Tax, Urban Maintenance and Construction Tax, Enterprise Income Tax, Education Surcharge, and Local Education Surcharge, with rates ranging from 3%-13%, 7%, 25%, 3%, and 2% respectively; no tax incentives were received during the reporting period Main Tax Categories and Rates | Tax Category | Taxable Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Various business incomes | 3%, 5%, 6%, 13% | | Urban Maintenance and Construction Tax | Payable Value-Added Tax | 7% | | Enterprise Income Tax | Taxable income | 25% | | Education Surcharge | Payable Value-Added Tax | 3% | | Local Education Surcharge | Payable Value-Added Tax | 2% | - The company received no tax incentives during the reporting period[272](index=272&type=chunk) [Notes to Consolidated Financial Statement Items](index=78&type=section&id=8.7%20%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed disclosures of the consolidated financial statement items, including period-end and beginning-of-period balances, current and prior period amounts for assets, liabilities, owners' equity, income, and expenses, with explanations for significant changes; specific items such as cash and bank balances, receivables, loans and advances, trading financial assets, debt investments, other equity instrument investments, long-term equity investments, fixed assets, construction in progress, right-of-use assets, intangible assets, deferred income tax assets/liabilities, other assets, assets with restricted ownership or use rights, financial assets sold under repurchase agreements, contract liabilities, employee benefits payable, taxes payable, lease liabilities, provisions, other liabilities, share capital, capital reserves, other comprehensive income, surplus reserves, trust compensation reserve, general risk reserve, undistributed profits, net interest income, net fee and commission income, investment income, other income, fair value change gains/losses, other operating income/costs, asset disposal gains, taxes and surcharges, business and management expenses, credit impairment losses, non-operating income/expenses, income tax expense, cash flow statement items and supplementary information, and leases are all thoroughly explained - Cash and bank balances at period-end amounted to **2,867,101,313.66 Yuan**, with no restricted cash and bank balances[274](index=274&type=chunk) - Loans and advances at period-end had a carrying value of **9,535,527,694.85 Yuan**, with a higher proportion in the real estate and public infrastructure industries[290](index=290&type=chunk)[291](index=291&type=chunk) - Trading financial assets at period-end amounted to **3,622,802,629.69 Yuan**, primarily comprising debt instrument investments, equity instrument investments, trust industry guarantee funds, asset management plans, and trust plans[298](index=298&type=chunk)[299](index=299&type=chunk) - Debt investments at period-end had a carrying value of **6,169,494,944.78 Yuan**, mainly consisting of trust plans[301](index=301&type=chunk) - Other equity instrument investments at period-end amounted to **1,400,196,720.49 Yuan**, primarily equity in Chang'an Bank, Shaanxi Financial Asset Management Company, and Chang'an Property & Casualty Insurance[304](index=304&type=chunk) - Construction in progress at period-end amounted to **897,756,074.57 Yuan**, mainly for new operating premises, with cumulative project investment accounting for **87.16%** of the budget[317](index=317&type=chunk)[319](index=319&type=chunk) - Other liabilities at period-end amounted to **7,488,770,472.94 Yuan**, primarily including working capital and non-working capital provided by the Trust Industry Guarantee Fund Company[364](index=364&type=chunk)[370](index=370&type=chunk) - Net interest income for the current period was **242,701,608.25 Yuan**, a year-on-year increase of **30.20%**[388](index=388&type=chunk) - Net fee and commission income for the current period was **709,194,252.29 Yuan**, a year-on-year decrease of **12.59%**[390](index=390&type=chunk) - Investment income for the current period was **308,771,434.75 Yuan**, a year-on-year decrease of **31.16%**[392](index=392&type=chunk) - Fair value change gains for the current period were **103,974,215.27 Yuan**, compared to **-40,013,348.99 Yuan** in the prior period, representing a significant turnaround to positive[396](index=396&type=chunk) - Credit impairment losses for the current period were **-44,362,059.92 Yuan**, compared to **75,285,056.79 Yuan** in the prior period, shifting from a loss to a gain[406](index=406&type=chunk) [Changes in Consolidation Scope](index=102&type=section&id=8.8%20%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) This year, the company added 17 structured entities to its consolidation scope, while 12 structured entities previously consolidated at the beginning of the period are no longer consolidated; the total number of consolidated products at period-end is 48, with total assets of 8,410,087,864.24 Yuan - This year, **17 structured entities** controlled by the company were added to the consolidation scope[424](index=424&type=chunk) - Of the 43 structured entities consolidated at the beginning of the period, **12 are no longer consolidated** in the current period[424](index=424&type=chunk) Consolidated Structured Entities Status | Item | Quantity/Balance at Period End | | :--- | :--- | | Number of consolidated products (units) | 48 | | Total assets of consolidated structured entities (Yuan) | 8,410,087,864.24 | | Total amount of the company's equity in the above structured entities reflected in debt investments and trading financial assets in the balance sheet (Yuan) | 7,228,592,979.00 | [Interests in Other Entities](index=102&type=section&id=8.9%20%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) The company holds a 100% stake in its subsidiary, Shaanxi Meitai Property Management Co., Ltd., and its investment in the associate Minsheng Royal Asset Management Co., Ltd. has a carrying value of 144,718,673.92 Yuan; trust plans for which the company acts as trustee are not consolidated due to lack of control, but investments in unconsolidated structured entities expose the company to maximum loss risk Subsidiary Composition | Subsidiary Name | Registered Capital (Yuan) | Business Nature | Shareholding Ratio (Direct) | | :--- | :--- | :--- | :--- | | Shaanxi Meitai Property Management Co., Ltd. | 20,100,000.00 | Not actually operating | 100.00% | - Trust plans for which the company acts as trustee are not consolidated because the variable returns obtained are not significant, with net fee and commission income of **709.1943 million Yuan** for the current period[430](index=430&type=chunk) Risk Exposure of Investments in Unconsolidated Structured Entities | Item | Balance at Period End (Yuan) | Maximum Loss Exposure (Yuan) | | :--- | :--- | :--- | | Trading Financial Assets | 730,017,041.32 | 730,017,041.32 | | Debt Investments | 452,910,079.89 | 452,910,079.89 | [Risks Related to Financial Instruments](index=103&type=section&id=8.10%20%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) The company faces market, policy, credit, operational, and business decision risks, and has established a comprehensive risk management system and countermeasures, including macroeconomic analysis, limit management, asset portfolio management, internal control system development, employee training, and democratic and scientific decision-making, to identify, assess, and control various risks - **Market risk** is addressed by analyzing macroeconomic trends and policy changes, implementing limit management and stop-loss mechanisms, conducting asset portfolio management, and strengthening market risk monitoring[432](index=432&type=chunk) - **Policy risk** is managed by understanding policy directions, returning to the core of serving the real economy, adhering

人民财讯8月22日电，"陕国投信托"微信公众号消息，8月22日上午，公司党委书记、董事长姚卫东与来 访的华为公司陕西总经理刘珂一行就数字化转型、金融科技融合应用等议题举行座谈交流。姚卫东对刘 珂一行的到访表示欢迎，回顾了双方在信息技术基础设施、联合创新实验室、金融AI开发平台等方面 的良好合作，并介绍了公司推进数字化转型、提升金融服务效能的战略方向。他表示，华为是全球领先 的科技企业，期待结合其在人工智能、大数据等领域的技术优势，与公司业务转型创新、业务及客户数 据管理体系升级等方面深化合作，共同打造智慧信托新范式。 转自：证券时报 ...

Market Overview - On August 15, the diversified financial sector rose by 1.59% compared to the previous trading day, with ST Yalian leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Stock Performance - ST Yalian (002316) closed at 6.20, with a gain of 5.08% and a trading volume of 224,600 shares, amounting to a transaction value of 137 million [1] - Other notable performers included: - 377178888 (001236) at 13.69, up 4.98%, with a volume of 868,500 shares and a transaction value of 1.164 billion [1] - Nanhua Futures (603093) at 25.58, up 4.32%, with a volume of 512,900 shares and a transaction value of 1.287 billion [1] - Ruida Futures (002961) at 23.94, up 3.82%, with a volume of 192,400 shares and a transaction value of 457 million [1] Capital Flow - The diversified financial sector saw a net inflow of 306 million from institutional investors, while retail investors experienced a net outflow of 101 million [2][3] - Key stocks with significant capital flow included: - Zhongliang Capital (002423) with a net inflow of 1.82 billion from institutional investors [3] - Yuexiu Capital (000987) with a net inflow of 80.82 million from institutional investors [3] - Wukuang Capital (600390) with a net inflow of 73.71 million from institutional investors [3]

Group 1 - The core viewpoint of the news is that Shaanxi Guotou A's stock price has increased by 3.02% to 3.75 yuan, with a rolling PE ratio of 13.69, marking a new low in 17 days, and a total market capitalization of 19.177 billion yuan [1] - The company ranks 6th in the multi-financial industry, which has an average PE ratio of 50.44 and a median of 30.65 [1] - On August 15, the net inflow of main funds into Shaanxi Guotou A was 61.5468 million yuan, with a total inflow of 59.0177 million yuan over the past five days [1] Group 2 - Shaanxi International Trust Co., Ltd. primarily engages in trust business, proprietary business, and investment advisory services, with key products including asset service trusts, asset management trusts, and financial advisory services [1] - The latest quarterly report for Q1 2025 shows the company achieved an operating income of 706 million yuan, a year-on-year decrease of 1.15%, while net profit was 387 million yuan, a year-on-year increase of 5.27% [1]

Company Overview - Shaanxi Guotou A closed at 3.64 yuan, down 1.09%, with a rolling PE ratio of 13.29 times and a total market value of 18.615 billion yuan [1] - As of the first quarter of 2025, three institutions held shares in Shaanxi Guotou A, with a total holding of 458,600 shares valued at 0.02 billion yuan [1] Financial Performance - For the first quarter of 2025, the company reported operating revenue of 706 million yuan, a year-on-year decrease of 1.15%, while net profit was 387 million yuan, reflecting a year-on-year increase of 5.27% [1] Industry Comparison - The average PE ratio for the diversified financial industry is 48.52 times, with a median of 29.68 times, positioning Shaanxi Guotou A in 6th place within the industry [2] - The company’s current PE ratio is significantly lower than the industry average, indicating potential undervaluation [2]

该公司属于多元金融行业，是陕西省属金融企业。主要股东包括陕西煤业化工集团、陕西交控资产管理 等机构，持股比例分别为26.8%、16.76%。2025年上半年，陕国投信托实现营业收入13.67亿元，在53家 信托公司中排名第五。 从资金流向来看，陕国投Ａ当日主力资金净流入1772.28万元，近五个交易日累计净流入2612.75万元。 陕国投Ａ最新股价报3.68元，较前一交易日上涨0.82%。盘中最高触及3.70元，最低下探3.62元，全天成 交101.7万手，成交金额达3.73亿元。 风险提示：以上内容仅供参考，不构成任何投资建议。市场有风险，投资需谨慎。 ...

1月8日晚间，陕国投A发布的2023年度业绩快报显示：报告期内，公司实现营业总收入27.35亿元，同比 增长42.03%；归属于上市公司股东的净利润为10.89亿元，同比增长30.05%；扣除非经常性损益后的归 属于上市公司股东的净利润为10.45亿元，同比增长39.56%。作为信托行业披露的首份2023年度业绩快 报，陕国投A实现了营收、净利润的明显增长。 陕国投A称，报告期内，营业总收入及净利润增长主要是转型创新，公司力推信托主业按监管政策导向 取得转型新成效，业务模式、盈利模式逐步重构定型。同时，非公开发行完成后，公司资本实力进一步 增强，自有资金多元化运作稳健，效益良好。公司管理信托规模达到5432.61亿元。截至2022年末，公 司信托资产规模为2833.42亿元，同比增长91.73%。 用益信托研究员喻智向《证券日报》记者表示，信托业去年三季度业绩表现尚可，营业收入和利润指标 基本上达到2022年同期水平。 据中国信托业协会发布的2023年三季度末信托公司主要业务数据，截至2023年三季度末，信托资产规模 余额为22.64万亿元，较二季度末增加9580.46亿元，同比增幅7.45%。自2022年第 ...

Core Viewpoint - The company, Shaanxi Guotou A, emphasizes a steady approach while seeking progress in its operations for the first half of 2025, focusing on business transformation and risk management [2] Group 1 - The company plans to enhance its main business transformation and innovation efforts [2] - There will be an adjustment in the business structure to improve operational quality and efficiency [2] - The company aims to effectively prevent risks to ensure safe and stable operations [2]