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Jilin Jiutai Rural Commercial Bank Corporation Limited Class H ( (HK:6122) ) just unveiled an update.
Jilin Jiutai Rural Commercial Bank Corporation Limited has issued a profit warning, anticipating a net loss of approximately RMB898 million for the first half of 2025. This is attributed to increased asset impairment losses due to refined risk management in response to external market changes, despite a 27.83% increase in operating income. The bank is undergoing a methodology transformation to improve quality and efficiency amid a sound macroeconomic recovery. Trading of its H shares remains suspended, and stakeholders are advised to exercise caution.
More about Jilin Jiutai Rural Commercial Bank Corporation Limited Class H
Jilin Jiutai Rural Commercial Bank Corporation Limited is a joint stock company incorporated in the People’s Republic of China, operating in the banking industry. It focuses on providing financial services and products, including net interest income and investment securities, primarily targeting rural commercial markets.
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.08B
For an in-depth examination of 6122 stock, go to TipRanks’ Overview page.