Since the beginning of 2026, Hao Qiang, Chairwoman of JINSHANG BANK, has maintained a busy work schedule. Her recent activities included a trip to Yuncheng City for working talks with local leaders, emphasizing the bank's commitment to integrating into Yuncheng's broader development plans. She also visited Yaodu District in Linfen City to discuss deepening cooperation between government, banks, and enterprises to better serve local economic development.
As one of the few female leaders within the regional financial system, Hao Qiang has become a benchmark figure. Her career with JINSHANG BANK began in 2008 when she participated in its establishment. She has held various positions including General Manager of the Credit Review Department, Branch President, Assistant President, and Vice President, achieving step-by-step promotions.
In 2021, Hao Qiang was appointed Chairwoman of JINSHANG BANK, assuming ultimate leadership responsibility. Her capabilities were reaffirmed during the recent board re-election, where she was reappointed as Chairwoman.
As of the end of the third quarter of 2025, JINSHANG BANK's total assets reached 398 billion yuan, an increase of 21.7 billion yuan from the end of the previous year, approaching the 400 billion yuan threshold.
For Hao Qiang, the two most critical tasks at this stage are stabilizing performance and seeking breakthroughs. The first priority is driving revenue growth. In the first three quarters of 2025, JINSHANG BANK achieved operating revenue of 3.766 billion yuan, a year-on-year decrease of 12.26%. Net profit was 1.572 billion yuan, a slight increase of 1.55% compared to the same period last year. The bank has already been reducing costs. During the same period, business and management expenses were 1.199 billion yuan, a decrease of approximately 184 million yuan from 1.383 billion yuan in the prior year period, representing a decline of 13.3%.
The second priority is accelerating the disposal of non-performing assets. Recent information shows that a non-performing asset package from 8 corporate clients, with a value of 1.421 billion yuan (including principal, penalty interest, and interest), was acquired by Jinyang Asset Management for a total consideration of 310 million yuan. The transaction was settled on February 11. From the settlement date, Jinyang Asset Management assumed all losses, liabilities, and risks associated with the relevant assets, as well as reasonable expenses incurred from managing and disposing of them. JINSHANG BANK had signed an asset transfer agreement with Jinyang Asset Management as early as August 2025. This disposal effectively resulted in a discount of approximately 78% off the original value. The bank had previously provided impairment losses of approximately 745 million yuan for these assets. The disposal resulted in a recorded loss of approximately 1.111 billion yuan (unaudited) for the bank. Despite being a loss-making transaction, JINSHANG BANK proceeded to offload this burden.
Compared to industry peers, JINSHANG BANK's non-performing loan (NPL) ratio is not low. In the first half of 2025, the bank's NPLs amounted to 3.689 billion yuan, an increase of 124 million yuan from the end of 2024. The NPL ratio was 1.77%, unchanged from December 31, 2024. The increase in total NPLs was primarily due to a decline in the repayment capacity of some customers, leading to an increase in non-performing personal loans. Specifically, the bank's non-performing personal loan ratio rose from 2.28% as of December 31, 2024, to 2.71% as of June 30, 2025.
In contrast, the bank's corporate loan NPL ratio decreased. This was mainly due to intensified recovery efforts through comprehensive methods including direct recovery and legal collection, accelerating the disposal process. Data shows that as of June 30, 2025, the corporate loan NPL ratio was 2.01%, compared to 2.19% at the end of the previous year. The balance of non-performing corporate loans was 2.747 billion yuan, a decrease of 37 million yuan from the end of the previous year.
Although the corporate loan NPL ratio has been reduced, as the leader, Hao Qiang cannot afford to be complacent. It is important to note that as of June 30, 2025, the bank's non-performing corporate loans were primarily concentrated in the manufacturing, leasing and business services, and mining sectors, with NPL ratios of 2.83%, 4.76%, and 1.33% respectively.
Taking the manufacturing sector as an example, as of both December 31, 2024, and June 30, 2025, the NPL ratio for corporate loans in manufacturing remained at 2.83%. Loans to borrowers in this sector accounted for 40.5% and 44.7% of the total non-performing corporate loan balance respectively, representing a relatively high proportion. The balance of non-performing loans in the manufacturing sector increased from 1.128 billion yuan at the end of 2024 to 1.228 billion yuan by mid-2025. The rise in NPLs within this sector was mainly attributable to some automotive manufacturing clients being affected by market changes and internal management issues, leading to operational declines and defaults on certain loans.