- Q2 2025 revenue of 549.05 million CNY and gross profit of 549.05 million CNY imply a reported gross margin of 100%, but cost-of-revenue data is not disclosed, suggesting a data quality anomaly or a quarter with unusual accounting. The quarter was dominated by a substantial rise in operating expenses, which led to an operating loss of 828.94 million CNY and a net loss of 27.02 million CNY.
- The results reflect a dramatic QoQ deterioration in profitability, with Q1 2025 showing positive earnings (net income of 391.02 million CNY in the quarterly dataset) and Q2 2025 swinging to a net loss. On a YoY basis, net income declined by about 120.8%, while revenue fell roughly 23% from the prior-year period, signaling meaningful earnings volatility and a fragile earnings base for a regional lender.
- From a valuation and liquidity perspective, the stock trades with a very low price-to-book (0.0182x) and has a reported cash per share of 53.02 CNY, suggesting a large perceived cushion relative to market price if profitability improves. However, the firm also reports a negative net margin (-4.92%) and a negative operating margin (-1.51x), underscoring structural earnings pressure. The balance-sheet indicators in the dataset show zero debt ratios, a feature that warrants closer scrutiny given the bank’s operating losses and cash generation signals.
- Management commentary is not captured in the provided data, and no forward guidance was disclosed in the QQ2 2025 data. Investors should monitor cost discipline, loan growth with credit quality, capital adequacy, and funding stability as the primary drivers of the near-term trajectory for Bank of Jiujiang.