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Jilin Jiutai Rural Commercial Bank Corporation Limited Class H ( (HK:6122) ) has provided an update.
Jilin Jiutai Rural Commercial Bank Corporation Limited has issued a profit warning, expecting net losses between RMB1,700 million and RMB1,900 million for the year ending December 31, 2024. The losses are attributed to the bank’s proactive measures to support the real economy, which led to decreased interest income, and the adoption of stringent risk classifications to enhance risk resistance. Additionally, trading in the bank’s H shares has been suspended since March 12, 2025, pending the satisfaction of resumption conditions.
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. It operates within the banking industry, focusing on providing financial services to support the real economy by reducing fees and offering concessions to lower customer financing costs.
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.08B
Find detailed analytics on 6122 stock on TipRanks’ Stock Analysis page.