Jinshang Bank's revenue and net profit decline for two consecutive years, with non-performing loan ratio rising to 1.95%, and it has faced multiple penalties.

China Economic Net, Beijing, April 3—A performance announcement for 2025 released recently by Jinshang Bank (02558) shows that in 2025 the bank recorded operating income of RMB 5.445 billion, a year-on-year decrease of 6.0%; net profit of RMB 1.663 billion, a year-on-year decrease of 4.9%; and net profit attributable to bank shareholders of RMB 1.665 billion, a year-on-year decrease of 5.1%.

In 2024, Jinshang Bank recorded operating income of RMB 5.791 billion, a year-on-year decrease of 0.2%; net profit of RMB 1.750 billion, a year-on-year decrease of 12.6%; and net profit attributable to the bank’s equity holders of RMB 1.755 billion, a year-on-year decrease of 12.4%. This is the first time since Jinshang Bank went public in 2019 that its net profit has declined.

Jinshang Bank’s credit impairment loss for the year ended December 31, 2025 was 1,612.2 million yuan, down 3.7% from 1,674.8 million yuan for the year ended December 31, 2024.

As of the end of 2025, Jinshang Bank’s total assets, balance of deposits of all kinds, and balance of loans of all kinds were RMB 393.00 billion, RMB 311.054 billion, and RMB 217.626 billion, respectively. The capital adequacy ratio was 13.96%, the core Tier 1 capital adequacy ratio was 10.46%, and the allowance coverage ratio was 191.00%.

As of December 31, 2025, based on the five-category loan classification, Jinshang Bank’s performing loans were 204,287.0 million yuan, up 15,619.8 million yuan from December 31, 2024, accounting for 93.8% of total loans and advances; loans under special attention were 9,090.4 million yuan, down 90.8 million yuan from December 31, 2024, accounting for 4.2% of total loans and advances.

As of December 31, 2025, Jinshang Bank’s non-performing loans were 4,249.0 million yuan, up 683.3 million yuan from December 31, 2024. The non-performing loan ratio was 1.95%, up 0.18 percentage points from December 31, 2024.

Shenzhen Commercial Daily · Du Chuang, article published March 29 titled “Operating revenue and net profit decline for two consecutive years! Jinshang Bank’s non-performing loan ratio rises, and it received regulatory penalty notices multiple times.” The article said that behind the pressure on performance, based on publicly available regulatory information, the bank was penalized multiple times between 2024 and 2025 for multiple violations in business operations, exposing weaknesses in internal control management.

Among them, in August 2025, Jinshang Bank was issued a warning letter by the Shanxi branch of the CSRC for two clearly identified violations in its fund sales business. The two violations included: the person in charge of the bank’s fund sales department performed related duties without obtaining the fund practitioner qualification; and after adjusting the person in charge of the fund sales department, the bank failed to submit, as required, the resignation and appointment filing materials for the relevant personnel. In December 2024, the Datong sub-branch was fined RMB 700,000 by the Datong regulatory authority for such behaviors as inadequate management of personal consumer loans, loan funds flowing back to borrowers of revolving working-capital loans, and artificially inflating the scale of deposits using acceptance bill discounting. In December 2024, the Taiyuan Jinyang sub-branch was fined RMB 300,000 by the Shanxi regulatory authority of the National Financial Regulatory Administration for not conducting due diligence in pre-loan investigation and issuing loans to judgment debtors who had been listed as dishonest.

In addition, China Economic Net found that in November 2025, the administrative penalty decision information disclosure table (Tongyinfa [2025] No. 6) disclosed by the Datong sub-branch of the People’s Bank of China showed that Jinshang Bank’s Datong sub-branch submitted unit bank settlement account opening filing materials to the People’s Bank beyond the prescribed time limit. The Datong sub-branch of the People’s Bank of China issued a warning to Jinshang Bank’s Datong sub-branch and imposed a fine of RMB 50,000.

(Editor: Dong Pingping ）

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