“银行系”表现抢眼 50余家信托公司整体业绩承压

Core Insights - The overall performance of the trust industry has declined, with total revenue of 90.55 billion yuan in 2024, down 11.48% from 2023, and net profit of 29.80 billion yuan, a decrease of 20.58% [1] - Despite the overall downturn, certain "bank-affiliated" trust companies like Ping An Trust, CITIC Trust, and Industrial Bank Trust have shown strong performance [1] - The implementation of the new "three classifications" regulation is driving ongoing transformation within the industry [1] Group 1: Company Performance - Jianxin Trust reported a revenue of 5.497 billion yuan in 2024, a decline of 26.98%, and a net profit of 543 million yuan, down 71.57% from 1.910 billion yuan in 2023 [1] - CITIC Trust achieved total revenue of 5.379 billion yuan, with net profit of 2.653 billion yuan, and a trust asset balance of 26.244 billion yuan by the end of 2024 [1] - China Overseas Trust reported a revenue of 1.474 billion yuan, a year-on-year increase of 22.7%, but net profit fell by 46.9% to 338 million yuan [2] Group 2: Revenue and Profit Trends - Ping An Trust is the only trust company with revenue exceeding 10 billion yuan, while CITIC Trust and Industrial Bank Trust follow in second and third place [2] - Among the top ten trust companies by revenue, Yingda Trust saw a significant increase of 14.58%, while Shanghai Trust and China Resources Trust experienced declines of 62.05% and 18.13%, respectively [2] - Jilin Trust reported an extraordinary revenue increase of 917.56%, with several other companies like Kunlun Trust and Hangzhou Industrial Trust also showing over 100% growth [2] Group 3: Net Profit Analysis - The top three companies by net profit are Ping An Trust, Jiangsu Trust, and CITIC Trust, with seven companies, including Wanxiang Trust and Zhejiang Jin Trust, reporting losses [2] - Shan Guotou Trust had a notable net profit increase of 25.79%, attributed to a significant reduction in credit impairment losses [3] - Jilin Trust was the only company to double its net profit, achieving a growth of 216.97% [3] Group 4: Asset Management Scale - As of the end of 2024, five trust companies managed over 1 trillion yuan in trust assets, with three exceeding 2 trillion yuan [3] - The five leading companies in asset management are China Resources Trust, CITIC Trust, Foreign Trade Trust, Jianxin Trust, and Yingda Trust, with asset scales of 2.68 trillion yuan, 2.62 trillion yuan, 2.15 trillion yuan, 1.47 trillion yuan, and 1.09 trillion yuan, respectively [3]