2024年，信托行业整体盈利状况如何？各信托公司的业绩又呈现出怎样的分化态势？哪些业务板块 成为盈利增长的关键驱动力？ 其中，江苏信托以28.19亿元的净利润位列第一，这也是该公司连续第二年蝉联净利润头名。背靠 大型金融集团和央企的信托公司——中信信托和华鑫信托分别以26.53亿元和18.30亿元的净利润跻身行 业前三。 英大信托、华能信托、华润信托、陕国投、建信信托、紫金信托和粤财信托也在2024年有着较好的 净利润表现，净利润规模均超过10亿元。 此外，在盈利的48家信托公司中，有8家净利润不足1亿元，另有万向信托、杭州工商信托、五矿信 托等出现了从千万元到亿元级别不同程度的亏损。五矿信托由盈转亏，2024年亏损约9.54亿元，净利润 同比减少180.17%。 虽然部分机构深陷利润增长困局，但行业中仍有"黑马"突围。 数据显示，2024年净利润保持正向增长的共有27家。其中，尽管规模在行业中并不突出，但吉林信 托和金谷信托在净利润增长上表现突出。 截至5月6日，共有57家信托公司披露了2024年年报。《金融时报》记者梳理数据发现，信托行业延 续"增量不增利"态势，经营承压明显，整体盈利有所下滑，资产服务信 ...

Group 1 - The trust industry is undergoing a transformation, with an average management trust asset scale exceeding 470 billion yuan, reflecting a year-on-year growth of over 20% [1] - As of the end of 2024, the average management trust asset scale of 57 trust companies reached 475.53 billion yuan, an increase of 100.04 billion yuan or 26.64% compared to the end of 2023 [2] - The growth in management scale is primarily driven by the rapid development of core businesses, with companies like Ping An Trust reporting a 49.88% year-on-year increase in asset management scale [2] Group 2 - There has been a significant turnover in senior management within the trust industry, with over 10 companies experiencing changes this year, often bringing in leaders with extensive experience in banking and securities [3] - The frequent changes in leadership are seen as a strategy to better understand and adapt to industry trends and to enhance risk management and transformation efforts [3] Group 3 - The average operating income for 57 trust companies in 2024 was 1.109 billion yuan, a decline of 16.5% from 2023, while average profit fell by 29.05% to 554 million yuan [4] - The decline in profitability despite growth in scale is attributed to the ongoing exploration phase of core businesses, where many companies have not yet established significant advantages [4] - Trust companies are encouraged to enhance their active management capabilities and develop differentiated services based on their resource endowments [4][6]

Group 1 - The trust industry is actively increasing its investment in the securities market, with significant growth observed in 2024, particularly in companies like Ping An Trust, which reported an over 80% year-on-year increase in securities market investments [1] - By the end of 2024, several trust companies, including Minmetals Trust and Foreign Trade Trust, had over 60% of their funds allocated to the securities market, indicating a structural shift in capital allocation [1] - Ping An Trust's asset management scale reached 993 billion yuan by the end of 2024, with securities investment trust business being the main driver of growth, exceeding 590 billion yuan and showing an 84% increase year-on-year [1] Group 2 - As of the first quarter of this year, the total market value of trust holdings reached 130.49 billion yuan, with over 20 trust companies appearing among the top ten shareholders of listed companies [2] - The trend of trust funds "moving" to the securities market has become increasingly evident, with a total trust fund scale of 19.95 trillion yuan by mid-2024, of which 8.34 trillion yuan (41.81%) was allocated to the securities market, marking a 64.89% year-on-year increase [2] - By the end of 2023, the scale of trust funds directed towards the securities market reached 6.6 trillion yuan, reflecting a significant increase compared to previous periods [3] Group 3 - The development of standardized products in the trust industry is accelerating, with a shift towards fixed-income assets in securities investments, and an expectation for increased active management capabilities in the future [3] - Industry experts anticipate that with the recovery of the economy and the rise of China's technology sector, institutional funds from insurance, trusts, and funds will continue to flow into the securities market [3]