TOEIC 2025 report card: overall improvement with differentiation, income structure is currently changing.

According to the disclosed 2025 annual reports of listed companies and unaudited financial statements of trust companies, the core operating indicators of trust companies in 2025 have improved, and the management scale has steadily expanded. At the same time, some top institutions have achieved a net profit exceeding 3 billion yuan, while the revenue of bottom companies shows a significant gap compared to top companies; the trust main business income is under pressure, and the traditional business has become an important engine for profit growth. In the year when the "three classifications" new regulations are deepened, the transformation of the trust industry has moved from "scale competition" to the key stage of "efficiency competition".