Core Viewpoint - Jianyuan Trust (600816.SH) announced abnormal stock trading fluctuations and highlighted ongoing operational risks, including litigation and trust business management challenges [1] Group 1: Litigation Risks - Since 2019, Jianyuan Trust has faced numerous lawsuits due to guaranteed returns in previous trust businesses, with three cases still under trial involving a principal amount of 792 million yuan [1] - The company is actively working to address and mitigate litigation risks, but such risks remain significant [1] Group 2: Trust Business Risks - As of June 30, 2025, the company manages a total trust scale of 3378.91 billion yuan [1] - Currently, there are 173 expired projects, with a remaining trust scale of 1162.41 billion yuan, indicating a large and complex risk profile in ongoing trust business [1] - The difficulty in managing these risks is compounded by macroeconomic factors, making resolution challenging [1]

Core Viewpoint - Jianyuan Trust announced abnormal fluctuations in stock trading, highlighting ongoing operational risks while actively managing existing risk assets and expanding business operations [1] Group 1: Legal Risks - The company faces significant litigation risks due to prior trust business commitments made since 2019, resulting in numerous lawsuits. Currently, there are three ongoing cases with a total principal amount involved of 792 million yuan [1] - The company is committed to addressing and mitigating these litigation risks, although they remain a concern [1] Group 2: Trust Business Risks - As of June 30, 2025, the company manages a total trust scale of 337.89 billion yuan. Among these, 173 trust projects have matured, leaving a remaining trust business scale of 116.24 billion yuan [1] - The complexity and scale of the remaining trust business, combined with macroeconomic factors, pose significant challenges for asset disposal [1]