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Jinshang Bank Reports 2024 Annual Results with Mixed Financial Performance

Story Highlights
  • Jinshang Bank reported a decrease in net interest and commission income for 2024.
  • The bank’s operating profit declined by 11.4%, but associate profits increased significantly.
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Jinshang Bank Reports 2024 Annual Results with Mixed Financial Performance

Jinshang Bank Co., Ltd. Class H ( (HK:2558) ) just unveiled an update.

Jinshang Bank Co., Ltd. announced its audited consolidated annual results for the year ending December 31, 2024. The bank reported a slight decrease in net interest income and net fee and commission income, with operating profit declining by 11.4% compared to the previous year. Despite these challenges, the bank saw a significant increase in the share of profits from associates, highlighting a potential area of growth. The results indicate a challenging financial year with mixed performance across different income streams.

More about Jinshang Bank Co., Ltd. Class H

Jinshang Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on banking services. It is listed on the Hong Kong Stock Exchange and operates primarily in the financial sector, offering a range of banking products and services.

YTD Price Performance: -2.08%

Average Trading Volume: 5,405,157

Technical Sentiment Signal: Sell

Current Market Cap: HK$8.23B

For a thorough assessment of 2558 stock, go to TipRanks’ Stock Analysis page.

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