董事會會議日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Dongguan Rural Commercial Bank Co., Ltd.* 東莞農村商業銀行股份有限公司 * （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：9889） 東莞農村商業銀行股份有限公司（「本行」）董事會（「董事會」）謹此宣佈將於2025年8月 28日（星期四）舉行董事會會議，以考慮（其中包括）批准本行及其附屬公司截至2025 年6月30日止六個月的中期業績及其發佈。 東莞農村商業銀行股份有限公司 董事會 中國廣東省東莞市 2025年8月18日 於本公告日期，本行董事會包括執行董事盧國鋒先生、傅強先生、錢華先生及葉建光 先生；非執行董事黎慧琴女士、王偉雄先生、唐聞成先生及陳浩峰先生；以及獨立非 執行董事曾儉華先生、葉棣謙先生、許智先生、譚福龍先生、劉宇鷗女士及許婷婷女士。 * 東莞農村商業銀行股份有限公司並非香港法例第1 ...

经济观察网中国货币网8月18日消息，东莞农村商业银行拟于2025年8月21日簿记建档，发行2025年第一 期金融债券。本期债券发行规模为人民币25亿元，期限3年期，经中诚信国际信用评级有限责任公司综 合评定，债项及主体信用级别均为AAA。 ...

Core Viewpoint - Dongguan has pioneered a "scattered industrial wastewater" centralized treatment model and established the first national management regulations for such wastewater, providing essential infrastructure for green and low-carbon industrial development [1] Group 1: Wastewater Management Innovations - Dongguan has created six scattered industrial wastewater treatment units, enabling nearly 20,000 enterprises to have their wastewater centrally processed [2] - The establishment of a management platform allows banks to access real-time data on wastewater generation and treatment, facilitating the issuance of loans linked to wastewater management indicators [2] Group 2: Financial Support Mechanisms - Dongguan Rural Commercial Bank has provided a loan of 50 million yuan to Haixin Company, linking the loan amount and interest rates to the company's wastewater treatment performance [2] - A market-driven incentive mechanism has been established where better environmental performance leads to lower financing costs for companies [2] Group 3: Impact on Companies - Huabao Company, a specialized wastewater treatment enterprise, has processed 85,000 tons of wastewater annually and received a loan of 1 million yuan, benefiting from a 20 basis points interest rate reduction [3] - The financial support has encouraged companies to enhance their services to small and medium enterprises, promoting green development [3] Group 4: Future Directions - The People's Bank of China in Guangdong will continue to refine and promote financing support models that integrate central bank re-loans with wastewater management loans, aiming to assist more small and medium enterprises in their green development efforts [3]

公司名稱: 東莞農村商業銀行股份有限公司 呈交日期: 2025年8月6日 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7月31日 狀態: 新提交 致：香港交易及結算所有限公司 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 Insights - The 2025 Global Bank Top 1000 list published by "The Banker" magazine highlights the strong performance of Guangdong's banking sector, with 17 banks making the list, representing 11.9% of the total Chinese banks included [1][2]. Group 1: Bank Rankings and Performance - Among the 17 banks from Guangdong, there are 3 national joint-stock banks, 1 private bank, 5 city commercial banks, and 8 rural commercial banks [3]. - The three national joint-stock banks are ranked globally as follows: China Merchants Bank at 8th with total assets of 12.15 trillion yuan, Ping An Bank at 33rd with total assets of 5.77 trillion yuan, and Guangfa Bank at 60th with total assets of 3.64 trillion yuan [3]. - The private bank, WeBank, rose 28 places to rank 227th [3]. Group 2: Regional Distribution and Characteristics - The majority of the 17 banks are registered in the Greater Bay Area, with 15 located in nine cities, including Shenzhen and Guangzhou, which lead in the number of banks [5][6]. - Shenzhen hosts two major joint-stock banks and a notable private bank, while Guangzhou is home to Guangfa Bank and the top rural commercial bank in the province [5][6]. Group 3: Financial Contributions and Growth - In 2024, Guangdong's financial industry added value reached 1.24 trillion yuan, accounting for 8.8% of the province's GDP [4]. - As of the end of the first quarter, Guangdong's total loans amounted to 29.3 trillion yuan, with a year-on-year growth of 3.9%, and total deposits reached 37.3 trillion yuan, growing by 2.6% [7].

Core Viewpoint - Dongguan Rural Commercial Bank is actively responding to policies aimed at expanding domestic demand and promoting consumption by implementing innovative financial measures to support local economic development [2][5]. Group 1: Financial Services and Innovations - The bank focuses on simplifying processes, lowering thresholds, and accurately reaching target customers to enhance market vitality [2]. - It promotes the use of QR code payments in high-frequency consumer scenarios such as farmers' markets and convenience stores, significantly improving payment efficiency and consumer experience [2][3]. Group 2: Consumer Incentives and Promotions - Dongguan Rural Commercial Bank has launched various promotional activities to stimulate consumption, including discounts for customers using the bank's payment services at participating merchants [3]. - The "Spend and Save" campaign offers discounts such as "20 yuan off for spending 100 yuan" and "5 yuan off for spending 20 yuan," covering over 900 merchants across 30 towns [3]. Group 3: Collaboration and Community Engagement - The bank collaborates with local government and businesses to organize diverse promotional activities in key sectors like tourism, dining, and retail, effectively engaging different consumer groups [4]. - It has introduced a "trade-in" subsidy program for durable goods, encouraging consumers to upgrade their appliances [4]. Group 4: Digital Payment Expansion - Dongguan Rural Commercial Bank is promoting the use of digital RMB in retail, with over 30,000 digital wallets and services provided to more than 200 merchants [4]. - The bank aims to enhance the breadth and depth of digital payment services in core areas such as wholesale markets and dining [4]. Group 5: Future Outlook - The bank is committed to continuing its support for the real economy and optimizing financial service models to contribute to the prosperity of Dongguan's economy and the vitality of its consumption market [5].

Core Viewpoint - The China Interbank Market Dealers Association has rated Dongguan Rural Commercial Bank as a D-class general underwriter, which may lead to the loss of its underwriting qualifications if it remains in this category for two consecutive years [1][5][8]. Group 1: Market Evaluation Results - The evaluation results are the first disclosure following the revision of market evaluation rules in June 2024, which categorized underwriters into general and specialized types [4]. - Among 26 national and 28 local banks, most were rated B-class, with 12 rated A-class, while Dongguan Rural Commercial Bank and two others received a D-class rating [2][5]. Group 2: Underwriting Business Performance - Dongguan Rural Commercial Bank's net commission income has decreased by 35.9% year-on-year to 457 million yuan in 2024, influenced by adjustments in insurance and wealth management product fees [1][9]. - The bank's overall commission income has declined from 1.585 billion yuan in 2016 to 457 million yuan in 2024, a reduction of 71.2% [9]. Group 3: Regulatory and Compliance Issues - The D-class rating may be linked to a fine of 800,000 yuan imposed on the bank in December 2024 for inadequate bond underwriting management and inappropriate insurance product sales to elderly clients [8]. - The evaluation criteria include business scale and quality, with the bank reportedly falling below the bottom 10% in terms of underwriting amounts and issuer numbers [2][6]. Group 4: Financial Performance Impact - The bank's net profit has been declining, with a 12.11% drop in 2023 and a 9.08% drop in 2024, indicating pressure on overall financial performance [10]. - The decline in underwriting qualifications could further impact the bank's intermediary income and overall performance growth [10].

Core Insights - The China Interbank Market Dealers Association has released the annual evaluation results for main underwriters of non-financial corporate debt financing instruments for 2024, marking the first comprehensive evaluation of its kind [1][2][6] - A total of 72 institutions were evaluated, with 17 receiving an A rating, including major banks like Bank of China and CITIC Bank, as well as several securities firms [1][2][3] - The evaluation aims to shift the market focus from "scale-driven" to "capability-driven" by assessing underwriters on pricing, sales, and market-making abilities [2][6] Evaluation Results - Among the 26 national banks evaluated, 7 were rated A, while 17 received a B rating, and 2 were rated C [3][4] - In the local banks category, 5 institutions received an A rating, while 18 were rated B, and 3 were rated D, which indicates compliance issues [4][7] - In the securities firms category, 5 firms received an A rating, with 10 rated B and 3 rated C [5][6] Special Categories - The association identified four types of specialty underwriters: value discovery, inclusive finance, pioneering, and open service, with China Merchants Bank being the only institution to receive all four distinctions [1][6][8] - Notable institutions recognized for their capabilities include CITIC Securities and Industrial and Commercial Bank of China in various specialty categories [5][6] Compliance and Risks - Three banks were rated D due to compliance issues, which could lead to the cancellation of their business qualifications if they remain in this category for two consecutive years [7][9] - Specific compliance failures included improper bond underwriting management and violations related to bond trading practices [9][10] Market Expansion - The number of institutions involved in non-financial corporate debt financing has expanded, with 99 main underwriters reported as of April 2025, including 67 banks and 25 securities firms [10][12] - The total issuance of debt financing instruments reached 34,396 billion yuan, indicating a robust market activity [10][12] Future Directions - The association plans to enhance the evaluation mechanism to further improve the underwriting capabilities and quality of service in the bond market, aligning with national policies for economic support [12][14]

Financial Performance - Operating revenue for 2024 was RMB 12,311,928 thousand, a decrease of 7.15% compared to 2023[34]. - Pre-tax profit for 2024 was RMB 4,103,910 thousand, down 20.62% from the previous year[34]. - Net profit for 2024 was RMB 4,860,559 thousand, reflecting a decline of 9.08% year-over-year[34]. - Total assets increased to RMB 745,904,488 thousand, representing a growth of 5.23% compared to 2023[35]. - Basic earnings per share for 2024 decreased to RMB 0.67, down 10.67% from 2023[35]. - The cost-to-income ratio increased to 37.44%, up 2.14 percentage points compared to the previous year[37]. - Net interest income decreased to RMB 9.17 billion, a decline of RMB 1.40 billion or 13.22% year-on-year[50]. - Non-interest income increased to RMB 3.14 billion, up RMB 449.79 million or 16.73% year-on-year[50]. Asset and Loan Management - The total assets of the group reached RMB 746.904 billion, with total deposits amounting to RMB 520.248 billion and total loans of RMB 381.045 billion[19]. - Customer loans and advances reached RMB 381,044,893 thousand, a growth of 7.31% from 2023[35]. - The non-performing loan ratio stands at 1.84%, with a provision coverage ratio of 207.72%[26]. - The total amount of customer loans and advances reached RMB 381.04 billion, an increase of RMB 25.97 billion or 7.31% compared to the previous year[100]. - The non-performing loan (NPL) ratio improved to 1.84% in 2024 from 1.23% in 2023, with total non-performing loans amounting to RMB 6.98 billion compared to RMB 4.30 billion in the previous year[134][135]. Risk Management - The company has not identified any significant risks that could adversely affect its future development strategy and operational goals during the reporting period[7]. - The report indicates that the company has maintained a focus on risk management, detailing the main risks faced and the measures taken to address them[7]. - The risk management framework includes a board of directors, supervisory board, senior management, and specialized committees, ensuring comprehensive risk oversight[199]. - The company maintains a prudent risk appetite, balancing risk, capital, and returns in its overall risk management principles[199]. Strategic Initiatives - The new five-year development strategy has been established, focusing on enhancing strategic execution and promoting digital transformation[21]. - The group aims to improve financial service quality and efficiency, emphasizing the importance of serving the real economy and enhancing financial product innovation[22]. - The group is committed to deepening institutional reforms and enhancing core competitiveness through improved organizational structure and resource allocation[22]. - The group plans to align with national and local strategic decisions, focusing on high-quality development and market changes[20]. Shareholder and Dividend Information - The company plans to allocate 10% of the audited net profit for 2024, amounting to RMB 443 million, to statutory surplus reserves and another RMB 443 million to general reserves[7]. - A cash dividend of RMB 0.25 per share (before tax) is proposed based on the total share capital, pending approval at the 2024 annual general meeting[7]. - The group aims to create greater value for shareholders, customers, society, and employees while achieving symbiosis with the economy, society, and environment[22]. Digital Transformation and Technology - The bank is focusing on digital transformation and light capital development as part of its strategic initiatives[30]. - The company is actively advancing financial technology innovations, focusing on smart marketing, risk control, and operational efficiency[195]. - The company has invested a total of RMB 615.55 million in financial technology during the reporting period[192]. - The comprehensive counter replacement rate for electronic channels reached 98.49%, indicating a strong digital operation capability[198]. Market Presence and Expansion - The company aims to deepen its market presence in the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on regional coordinated development[139]. - The company has established 485 branches, with 475 located in Dongguan, making it the leader in the number of bank branches in that area[196]. - The company has partnered with third parties to set up two rural commercial banks in Zhanjiang and Shantou, totaling 165 branches[196]. Compliance and Governance - The company assures that the content of the annual report is true, accurate, and complete, with no false records or misleading statements[6]. - The bank's governance structure includes a diverse shareholder base, promoting a balanced and coordinated decision-making process[30]. - The company has maintained compliance with regulatory requirements, with the single largest customer loan to net capital ratio at 4.23%, below the 10% threshold[143].

Financial Performance - Dongguan Rural Commercial Bank reported a revenue of 12.312 billion yuan in 2024, a year-on-year decrease of 7.15% [1] - Net profit fell to 4.861 billion yuan, down 9.08% year-on-year, with attributable net profit decreasing by 10.40% to 4.625 billion yuan [1] - Pre-tax profit saw a significant decline of 20.62% to 4.104 billion yuan, primarily due to falling market interest rates and policies aimed at benefiting the real economy, leading to a 13.22% reduction in net interest income [1] Business Growth - The bank's total assets reached 745.904 billion yuan, reflecting a year-on-year growth of 5.23% [1] - Deposits increased by 6.81% to 520.248 billion yuan, while loans grew by 7.31% to 381.045 billion yuan, indicating strong regional market penetration and support for the real economy [1] Profitability Challenges - The average yield on interest-earning assets decreased from 3.64% to 3.23%, primarily due to lower loan yields influenced by the decline in LPR and reduced bond investment returns [2] - Despite a slight decrease in the cost of interest-bearing liabilities to 1.93%, net interest margin pressure remains significant [2] - Non-interest income saw a structural adjustment, with non-interest net income increasing by 16.73% to 3.138 billion yuan, largely driven by a 70.87% surge in trading net income [2] Asset Quality - The non-performing loan (NPL) ratio rose from 1.23% in 2023 to 1.84%, indicating increasing risk exposure [3] - The provision coverage ratio significantly dropped from 308.30% to 207.72%, reflecting a weakened risk mitigation capacity [3] Liquidity and Capital Adequacy - The loan-to-deposit ratio slightly increased to 73.27%, showing improved liquidity management [3] - Capital adequacy ratio stood at 16.54%, with a Tier 1 capital adequacy ratio of 14.37%, both exceeding regulatory requirements [3] Future Outlook - The bank's performance highlights the typical challenges faced by regional banks during macroeconomic pressures, balancing scale expansion with profitability [3] - Future focus will be on achieving "high-quality growth" through digital transformation, optimizing asset structure, and strengthening risk control capabilities [3]