FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 東莞農村商業銀行股份有限公司 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,740,454,510 RMB | | 1 | RMB | | 5,740,454,510 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 5,740,454,510 RMB | | 1 | RMB | | 5,740,454,510 | | 2. 股份分類 | 普通股 | H 股份類別 | | | 於香港 ...

9月22日至24日，重庆三峡银行在全国银行间债券市场发行2025年科技创新债券（第一期），债券期限5 年，发行规模20亿元，可追加不超过5亿元。 此外，青岛银行9月19日发行"25青岛银行科创债01"，发行总额10亿元，债券期限5年，票面年利率 1.87%；东莞农商行9月11日发行"25东莞农商行科创债01"，发行总额15亿元，债券期限5年，票面年利 率1.98%。 今年5月，中国银行间市场交易商协会发布《关于推出科技创新债券 构建债市"科技板"的通知》，正式 面向金融市场推出科技创新债券。金融机构紧跟政策导向，积极参与科创债市场，打头阵的多为政策性 银行、国有大行以及股份制银行。6月，越来越多的区域性银行涌入科创债市场，这些银行发行的科创 债规模多在10亿元至30亿元。 ● 本报记者 张佳琳 债市"科技板"落地已四月有余，科创债发行规模持续提升。从发行人所处行业来看，银行业无疑是科创 债发行的主力军。如今，不仅是国有大行、股份制银行，区域性银行也积极涌入科创债市场，助推科创 债市场扩容。 积极发行科创债 据"上交所债券"微信公众号9月24日消息，截至目前，上交所市场科创债累计发行规模1.4万亿元。今年 以来 ...

●长江商报记者 徐佳 全国最大的地级市农商行东莞农商行（09889.HK）业绩与资产质量双重承压。 日前，东莞农商行发布半年报。2025年上半年，该行实现营业收入55.01亿元，同比减少14.02%；归属 于该行股东的净利润（以下简称"净利润"）26.29亿元，同比减少17.07%，净利润连续两年半下降。 长江商报记者注意到，尽管资产规模仍在扩张，但息差收窄成为东莞农商行利润空间萎缩的主要原因。 2025年上半年，该行利息净收入为42.37亿元，同比减少9.92%；净息差1.22%，同比下降0.18个百分 点；非利息净收入12.64亿元，同比亦减少25.41%。 不仅如此，东莞农商行还面临不小的资产质量压力。截至2025年6月末，该行不良贷款率1.87%，较上 年末上升0.03个百分点，自2021年赴港上市以来，该行不良贷款率连续四年半提升；拨备覆盖率 190.56%，较上年末下降17.16个百分点，为上市后首次跌破200%。 截至2025年6月末，东莞农商行个人贷款不良率由上年末的2.29%提升至2.81%。其中，个人经营贷款、 信用卡透支、个人消费贷款不良率分别由上年末的2.57%、6.02%、2.31% ...

Group 1 - Three banks in Dongguan have received approval for the appointment of their vice presidents, including Dongguan Rural Commercial Bank, Zheshang Bank Dongguan Branch, and China Everbright Bank Dongguan Branch [1] - The approval documents indicate that the vice president qualifications for Zheng Xuanjia of Zheshang Bank, Ye Yunfei of Dongguan Rural Commercial Bank, and Xin Wei of China Everbright Bank have been officially sanctioned [1][3][4] - Ye Yunfei has a comprehensive background in banking, having held various positions since 2000, including assistant to the president of Dongguan Rural Commercial Bank prior to his new role [1] Group 2 - The Dongguan Financial Regulatory Bureau emphasizes the importance of continuous learning and compliance with economic and financial laws for the newly appointed vice presidents [2][4] - The banks are required to ensure that the newly approved personnel report their appointment status within ten days of taking office, and failure to do so will result in the invalidation of the approval [3][4]

東莞農村商業銀行股份有限公司 Dongguan Rural Commercial Bank Co., Ltd. 股份代號：9889 （於中華人民共和國註冊成立的股份有限公司） 中期報告 目 錄 | 重要提示 | | 2 | | --- | --- | --- | | 釋義 | | 4 | | 第一章 | 簡介和業務概要 | 8 | | 第二章 | 會計數據和財務指標摘要 | 13 | | 第三章 | 管理層討論與分析 | 17 | | | 一、 總體經營情況分析 | 18 | | | 二、 主要經營數據 | 18 | | | 三、 業務運作 | 50 | | | 四、 風險管理情況 | 55 | | | 五、 未來經營展望 | 63 | | 第四章 | 股本變動及股東情況 | 64 | | 第五章 | 企業管治 | 71 | | 第六章 | 其他事項 | 86 | | 第七章 | 財務報告 | 89 | * 東莞農村商業銀行股份有限公司並非香港法例第155章《銀行業條例》所界定的認可機構，不受香港金融管理 局的監督，亦未獲授權在香港經營銀行及/或存款業務。 本報告中部分合計數與各加數直接相加之和在尾數上可能存 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 東莞農村商業銀行股份有限公司 呈交日期: 2025年9月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,740,454,510 RMB | | 1 | RMB | | 5,740,454,510 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 5,740,454,510 RMB | | 1 | RMB | | 5,740,454,510 | | 2. ...

Core Viewpoint - The banking wealth management industry is entering a true net value era, leading to deepening channel transformations and a consensus among firms to expand distribution networks, particularly in rural commercial banks [1][2]. Group 1: Market Dynamics - The competition in the wealth management market is intensifying, with rural commercial banks identified as a relatively untapped "blue ocean" for wealth management companies [1]. - The total asset scale of rural financial institutions in China is approximately 60.16 trillion yuan, accounting for 12.9% of the total assets of banking financial institutions, indicating a significant growth potential in this market [2]. Group 2: Strategic Partnerships - Numerous wealth management companies, including Xinyin Wealth and Beiyin Wealth, have recently announced partnerships with rural commercial banks to develop distribution business [1][2]. - The collaboration between wealth management firms and rural banks is seen as a strategic move to enhance market share and diversify revenue streams, especially for smaller banks facing regulatory challenges [1][3]. Group 3: Customer Engagement - The increasing income levels and rising wealth management awareness among residents in third and fourth-tier cities and county areas are driving demand for wealth management products [3]. - Rural commercial banks can leverage their local customer advantages to help wealth management companies expand their market reach and reduce regional concentration risks [3][4]. Group 4: Product Customization - Wealth management companies are tailoring their product offerings based on local customer preferences, focusing on risk-averse products for county-level clients [5]. - The shift from simple product distribution to a more integrated "distribution + empowerment" model is necessary for wealth management firms to remain competitive in the evolving market landscape [5].

Group 1 - The company announced the addition of Huabao Securities as a primary dealer for its fund starting from September 4, 2025 [1] - The announcement includes details about the sales institution, including its website and contact information [2] - The company aims to better meet investors' financial needs through the addition of new sales institutions [3] Group 2 - The company has signed a sales agreement with Shanghai Wacai Fund Sales Co., Ltd. to sell its pillar industry mixed securities investment fund starting from September 4, 2025 [3] - The announcement provides specific information about the sales institution, including its address and contact details [3][4] - Investors can inquire about details through the provided contact information for both the company and the sales institution [5] Group 3 - The company has also added Guojin Securities as a sales institution for some of its funds effective September 4, 2025 [7] - The announcement includes the sales institution's registration and office addresses, as well as contact information [7][8] - Similar to previous announcements, it emphasizes that business operations are subject to the sales institution's arrangements and regulations [8] Group 4 - The company has added Dongguan Rural Commercial Bank as a sales institution for its quality growth stock investment fund starting from September 4, 2025 [11] - The announcement details the sales institution's registration and office addresses, along with contact information [12] - It reiterates that the business processes and fee discounts will be determined by the sales institution [13][14]

Core Insights - The increasing collaboration between wealth management companies and rural commercial banks indicates a shift towards expanding distribution channels in the wealth management industry [1][2][4] - The competition in the banking wealth management market is evolving into a dual-track model where both "product supremacy" and "channel supremacy" are crucial for success [2][3] - The growing wealth management demand in lower-tier cities and rural areas presents a significant growth opportunity for wealth management firms [2][3] Group 1: Collaboration Trends - Numerous wealth management companies, including Nongyin Wealth Management and Beiyin Wealth Management, have recently partnered with rural commercial banks in regions like Guangdong and Zhejiang for distribution [1] - The partnership between wealth management firms and rural banks is seen as a way to tap into the relatively untapped market, as rural banks have previously engaged less with wealth management companies [1][2] Group 2: Market Dynamics - The rise in income levels and financial awareness among residents in third and fourth-tier cities is driving the demand for wealth management products, making these markets attractive for banks [2][3] - Rural commercial banks are motivated to diversify their income sources and enhance customer retention by offering wealth management products, which can also help mitigate regional concentration risks [3][4] Group 3: Product Strategy - Wealth management companies are tailoring their product offerings based on local customer preferences, focusing on conservative investment options for lower-risk profiles typical in rural areas [5] - Fixed-income products dominate the offerings from wealth management firms to rural banks, reflecting the risk preferences of the clientele [5]

Core Viewpoint - Dongguan Rural Commercial Bank reported a significant decline in both operating income and net profit for the first half of 2025, primarily due to the continuous decrease in LPR, loan repricing, and policies aimed at reducing financial costs for the real economy [1][2][3]. Financial Performance - For the first half of 2025, the bank's operating income was 5.501 billion RMB, a year-on-year decrease of 14.02%, while net profit was 2.627 billion RMB, down 22.22% compared to the previous year [2][3]. - The bank's net interest income fell to 4.237 billion RMB, a decrease of 9.92%, attributed to the ongoing decline in LPR and loan repricing [3]. - Non-interest income also decreased to 1.264 billion RMB, down 25.41% year-on-year, mainly due to reduced rates on wealth management products [3]. Cost Management - The bank implemented various cost-cutting measures, resulting in total operating expenses of 1.902 billion RMB, a reduction of 7.59% year-on-year [4]. - Employee expenses, which include salaries, bonuses, and allowances, amounted to 1.301 billion RMB, reflecting a decrease of 10.73% compared to the previous year [4][5]. Asset Quality - As of June 30, 2025, the bank's total assets reached 760.445 billion RMB, with total deposits of 532.364 billion RMB and total loans of 394.415 billion RMB [2][8]. - The non-performing loan (NPL) ratio stood at 1.87%, slightly up by 0.03% from the end of the previous year, with personal loans showing a higher NPL ratio of 2.81% [6][7]. - The bank's capital adequacy ratio was 15.92%, and the coverage ratio for provisions was 190.56% [2]. Future Outlook - The bank plans to enhance operational management and accelerate the construction of risk and internal control systems to improve asset quality in the second half of the year [8].