Jinshang Bank reported QQ1 2025 revenue of 980.37 million CNY, with net income of 526.18 million CNY and earnings per share of 0.0901. The quarter delivered a strong operating margin, with operating income of 549.94 million CNY representing an operating margin of approximately 56.1%, and a net income margin of about 53.7%, signaling robust profitability on a quarterly basis. Despite a QoQ revenue decline of roughly 9.4% versus Q4 2024 (1,081.14 million CNY), the year-over-year metrics remained modestly positive, aided by cost discipline and a favorable mix of income avenues. Free from balance sheet data in this release, the bank demonstrates solid profitability and operating leverage, but investors should monitor asset quality, loan growth, and liquidity as forward-looking indicators.
Key profitability metrics improved on a YoY basis while QoQ performance was mixed due to seasonality and revenue mix. The company’s EPS increased by about 2.1% YoY and by approximately 45% QoQ, underscoring earnings resiliency in a quarter that showed revenue softness. The SG&A burden (430.42 million CNY) represented ~43.9% of revenue, highlighting ongoing operating efficiency initiatives. Overall, the QQ1 2025 results portray a financially healthy bank with strong margin discipline, but with limited disclosure on balance sheet strength and cash flows requiring close surveillance in upcoming quarters for a sustainable upside.