Core Insights - Shandong Trust reported a total revenue of 634 million yuan for the first half of 2025, representing a year-on-year increase of 7.8%, while net profit decreased by 1.8% to 167 million yuan [2] - The trust business revenue accounted for 35.9% of total revenue, amounting to 228 million yuan, while proprietary business revenue reached 406 million yuan, a year-on-year increase of 28%, making up 64.1% of total revenue [2] - The performance changes were attributed to a decrease in net commission income, an increase in credit impairment losses, offset by gains from fair value changes and increased investment income [2] Company Overview - Shandong Trust was established in March 1987 and is a non-bank financial institution approved by the People's Bank of China and the Shandong Provincial Government [3] - It is a member of the China Trust Industry Association and is controlled by the Lushun Group [3] - The company was listed on the Hong Kong Stock Exchange in December 2017, becoming the first trust company from mainland China to enter the international capital market [3]
山东国信：上半年营业总收入达到6.34亿元 同比上升7.8%