Trust Industry Report 2025: Overall double increase in revenue and net profit, top five players accounting for 30% of total revenue.

In 2025, the trust industry presents a pattern of double increase in revenue and net profit, but internal differentiation is intensifying. Public data shows that 50 trust companies have disclosed unaudited financial statements for 2025, with a total operating income of 70.871 billion yuan and a total net profit of 31.418 billion yuan. Nearly 60% of the companies have achieved positive growth in net profit. It is noted that although the industry's overall revenue is growing, the top five companies account for over 30% of the total revenue, highlighting a significant head effect. However, trust business income continues to decline, in sharp contrast to the significant growth in core business revenue. In response to this, a research report from Yunnan Trust points out that the industry is moving from homogeneous competition to differentiated operation, and the profit structure is undergoing a deep adjustment process during the transformation.