Core Viewpoint - The trust industry is experiencing a slowdown in growth for the first half of 2022, with some companies showing strong performance in their trust business. The focus for the second half remains on transformation and innovation to achieve high-quality development [1][2]. Group 1: Performance Overview - As of now, most trust companies have disclosed their unaudited financial reports for the first half of 2022, showing overall performance under pressure. The total operating income for 56 trust companies reached 57.544 billion yuan, with trust business income at 37.358 billion yuan, a year-on-year decrease of 13.86%. Proprietary business income was 20.187 billion yuan, down 15.21% year-on-year [2][3]. - Notably, Ping An Trust achieved operating income of 11.679 billion yuan, surpassing the 10 billion yuan mark, while Jianxin Trust saw a steady increase with revenue of 6.288 billion yuan, up 16% year-on-year. Other companies like CITIC Trust, Chongqing Trust, Wukuang Trust, Everbright Trust, and Zhongrong Trust also reported revenues exceeding 2 billion yuan [2][3]. - Many trust companies experienced a slowdown in net profit growth, with some reporting negative growth. Jiangsu International Trust was one of the few to achieve net growth in both operating income and net profit, with figures of 1.124 billion yuan and 1.328 billion yuan, respectively, marking increases of 134 million yuan and 128 million yuan year-on-year [2][3]. Group 2: Business Income Analysis - In terms of trust business income, CITIC Trust, Everbright Trust, and Wukuang Trust each reported over 2 billion yuan, but still saw declines compared to the previous year. Jianxin Trust, Yingda Trust, Foreign Trade Trust, and Guotou Taikang Trust achieved positive year-on-year growth, with Jianxin Trust's income at 1.429 billion yuan, up 10.38% year-on-year, and Guotou Taikang Trust showing a remarkable growth of 52.89% [3][4]. - Analysts attribute the narrowing of trust business income to regulatory pressures and a reduction in financing and management trust business scales. Additionally, fluctuations in the capital market have led to impairments in fair value changes, resulting in lackluster performance in proprietary business income [3][4]. Group 3: Strategic Focus on Transformation - Many trust companies are emphasizing "innovation and transformation" in their mid-year meetings, with a focus on standard product trusts and family trusts as key strategic areas for development. Shanghai Trust highlighted the need to align with asset management and wealth management directions [4][5]. - The issuance of standard product trust products saw a significant increase, with 1,031 products issued in July, up 13.07% month-on-month, and a total issuance scale of 73.653 billion yuan, reflecting a 23.39% month-on-month growth. This segment is becoming a major support for the trust market's growth [4][5]. - Family trust business is also gaining traction, with a reported existing scale of approximately 349.481 billion yuan by the end of 2021, and over 10 billion yuan added in June alone, marking a month-on-month growth of over 60% [5][6]. Group 4: Future Outlook - The trust industry is expected to see performance improvements as various "stabilizing growth" policies are implemented and the economy recovers. Trust companies are encouraged to leverage their resource advantages and explore business transformations in line with the latest regulatory classifications [6][7]. - The asset management and wealth management sectors are anticipated to become focal points for future development, although the industry currently lacks a differentiated competitive landscape, necessitating improvements in technology, research capabilities, and talent quality [7][8].
上半年业绩稳中承压 信托业加快布局转型创新
Xin Hua Wang·2025-08-12 06:19