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].

Financial News - Dongguan Rural Commercial Bank reported a net profit decline of 22.22% year-on-year, with total revenue of RMB 5.501 billion, down 14.02% [2] - The bank's total assets increased to RMB 760.445 billion, a growth of 1.95%, with total deposits at RMB 532.364 billion, up 2.33% [2] Company Dynamics - Jie Rong Technology's losses expanded to RMB 197 million, despite a revenue increase of 46% to RMB 812 million [3] - Macro Technology's revenue fell by 19.32% to RMB 775 million, with net profit down 15.7% to RMB 53.56 million [4] - Huilun Crystal reported a loss of RMB 66.58 million, a staggering decline of 2679.4%, with revenue at RMB 267 million, down 7.1% [5] - Urban People saw a revenue drop to RMB 1.436 billion, down from RMB 1.514 billion, with a net profit decrease of approximately 30% [6] - Yian Technology plans to invest in a wholly-owned subsidiary in Mexico with a total investment of USD 50 million [7] - Yutong Optical intends to invest JPY 30 million to establish a wholly-owned subsidiary in Japan, focusing on optical product development and sales [8]

Major Events - Sihuan Pharmaceutical Holdings Group Ltd. successfully administered the first human dose of the new radiopharmaceutical conjugate drug 3D1015 [1] - Shenzhen International's joint venture Shenzhen Airlines plans to raise a total of 16 billion yuan in a phased capital increase [1] - Kangzheng Pharmaceutical received clinical trial approval for its innovative oral small molecule JAK1 inhibitor Povorcitinib for indications of vitiligo and suppurative hidradenitis [1] - Ruihe Digital signed a framework agreement with Tielin Superlight Technology to jointly advance the business of real-world asset tokenization [1] - Zhongxu Future will operate and launch a new mobile game "Miracle MU" titled "New Moon Continent" [1] Financial Performance - Noah Holdings reported a net profit attributable to shareholders of 179 million yuan for Q2, a year-on-year increase of 79% driven by strong growth in investment product distribution [1] - Trip.com Group reported a net profit of 4.846 billion yuan for Q2, an increase of 26.43% year-on-year [1] - Shijiazhuang Pharmaceutical Group announced a mid-year profit attributable to equity holders of approximately 283.5 million HKD, a year-on-year decrease of about 58.7% [1] - Zhongsheng Holdings reported a mid-year profit attributable to shareholders of 1.011 billion yuan, a decrease of 36% year-on-year [1] - SF Express City reported an adjusted net profit of approximately 160 million yuan, a year-on-year increase of 139% [1] - Baidu's subsidiary reported a mid-year profit attributable to shareholders of 47.999 million yuan, returning to profitability [1] - Li Auto reported a net profit of 1.093 billion yuan for Q2, a decrease of 0.91% year-on-year [1] - Shanghai Industrial Holdings reported a mid-year profit attributable to shareholders of 1.042 billion HKD, with an interim dividend of 0.42 HKD per share [1] - Beijing Holdings reported a mid-year profit attributable to shareholders of 3.404 billion yuan, an increase of 8.07% year-on-year [1] - Qingdao Port reported a net profit of 2.842 billion yuan, a year-on-year increase of 7.58% [1] - New China Life Insurance reported a net profit of 14.799 billion yuan, a year-on-year increase of 33.5% [1] - China Galaxy Securities reported a net profit of 6.488 billion yuan, a year-on-year increase of 47.86% [1] - China Taiping reported a 12.2% increase in shareholder profit, with a nearly 23% high growth in life insurance new business value [1] - China Resources Gas reported a mid-year profit attributable to shareholders of 2.403 billion HKD, a year-on-year decrease of 30.5% [1] - SF Holding reported a net profit of 5.738 billion yuan, a year-on-year increase of 19.37%, with volume growth exceeding the overall express delivery industry [1] - SMIC reported a net profit of approximately 320 million USD, a year-on-year increase of 35.6% [1] - SenseTime reported a revenue growth of 35.6% year-on-year, reaching 2.358 billion yuan [1] - BeiGene reported a net profit of 95.59 million USD, returning to profitability [1] - Fubo Group reported a mid-year net profit exceeding 100 million, driven by AI [1] - CITIC Securities reported a net profit of 13.719 billion yuan, a year-on-year increase of 29.79% [1] - Huadian International Power reported a net profit of 3.904 billion yuan, a year-on-year increase of 13.15% [1] Additional Financial Performance - Zhou Hei Ya reported a mid-year profit attributable to shareholders of 108 million yuan, a year-on-year increase of 228% [2] - Haitian Flavoring reported a net profit of 3.91 billion yuan, a year-on-year increase of 13.3% [2] - Dasheng Holdings reported a mid-year adjusted net profit growth of 79.6% driven by store expansion and membership growth [2] - CITIC Securities reported a net profit of 4.509 billion yuan, a year-on-year increase of 57.77% [2] - Huitongda reported a mid-year profit attributable to shareholders of 13.9 million yuan, a year-on-year increase of 10.81% [2] - Yunfeng Financial reported a mid-year profit attributable to shareholders of 486 million HKD, a year-on-year increase of 142.04% [2] - Jiufang Zhitu reported a mid-year profit attributable to shareholders of 865 million yuan, returning to profitability [2] - Air China reported a net loss of approximately 1.806 billion yuan, a year-on-year narrowing of 35.11% [2] - ZTE reported a net profit of approximately 5.058 billion yuan, a year-on-year decrease of 11.77% [2] - China Merchants Securities reported a net profit of 5.186 billion yuan, a year-on-year increase of 9.23% [2] - Datang Power reported a net profit of approximately 4.874 billion yuan, a year-on-year increase of 50.3% [2] - China Pacific Insurance reported a net profit of 27.885 billion yuan, a year-on-year increase of 11% [2] - Beijing Capital International Airport reported a post-tax loss of 164 million yuan, a year-on-year narrowing of 56.48% [2] - Dongguan Rural Commercial Bank reported a mid-year net profit of 2.629 billion yuan [2] - Shenzhen Holdings reported a mid-year loss attributable to shareholders of 2.618 billion HKD, a year-on-year increase of 137.76% [2] - China Southern Airlines reported a net loss of 1.534 billion yuan, a year-on-year increase of 45.54% [2] - COSCO Shipping Holdings reported a profit attributable to shareholders of 17.528 billion yuan, a year-on-year increase of 3.9% [2] - Guofu Hydrogen Energy reported revenue of 10.9 million yuan, actively expanding overseas cooperation and business layout [2] - Kangsheng Global reported a mid-year gross profit of 197 million yuan, with stable progress across all businesses [2] - Dongfang Electric reported a net profit of 1.91 billion yuan, a year-on-year increase of 12.91%, maintaining the industry's leading market share in nuclear and gas power [2] - Eagle Eye Technology reported a profit of 443,000 yuan, returning to profitability [2] - Haier Smart Home reported a profit attributable to shareholders of 12.033 billion yuan, a year-on-year increase of 15.6% [2] - EDA Group Holdings reached a partnership agreement with UTCPAY to collaborate in digital asset trading, Web3 technology, and blockchain applications [2] - Gilead Sciences reported that ASC30 oral tablets showed good and differentiated pharmacokinetic characteristics in the U.S. Phase Ib multi-dose escalation study [2]

Core Viewpoint - Dongguan Rural Commercial Bank reported a decline in both operating income and net profit for the six months ending June 30, 2025, primarily due to a decrease in operating revenue [1] Financial Performance - The group achieved operating income of RMB 5.501 billion, a year-on-year decrease of 14.02% [1] - The net profit was RMB 2.628 billion, reflecting a year-on-year decline of 22.22% [1] Asset and Deposit Growth - As of the end of the reporting period, total assets amounted to RMB 760.445 billion, an increase of RMB 14.541 billion, or 1.95% from the previous year [1] - Total deposits reached RMB 532.364 billion, up by RMB 12.116 billion, representing a growth of 2.33% [1] Loan Portfolio - The total loan balance was RMB 394.415 billion, which increased by RMB 13.370 billion, marking a growth of 3.51% [1] Asset Quality Indicators - The non-performing loan ratio stood at 1.87% [1] - The provision coverage ratio was 190.56% [1] - Capital adequacy ratio and Tier 1 capital ratio were 15.92% and 13.80% respectively, all meeting regulatory standards [1]

Core Viewpoint - Dongguan Rural Commercial Bank (09889) reported a stable growth in its mid-term performance for the six months ending June 30, 2025, with significant increases in revenue and net profit [1] Financial Performance - The bank's operating income reached 5.501 billion RMB, while net profit stood at 2.628 billion RMB and attributable net profit was 2.629 billion RMB, resulting in basic earnings per share of 0.38 RMB [1] Asset and Deposit Growth - As of the reporting period, the total assets of the group amounted to 76.0445 billion RMB, an increase of 14.541 billion RMB, reflecting a growth rate of 1.95% compared to the end of the previous year [1] - The total deposit balance was 53.2364 billion RMB, which increased by 12.116 billion RMB, marking a growth of 2.33% [1] - The total loan balance reached 39.4415 billion RMB, with an increase of 13.370 billion RMB, representing a growth rate of 3.51% [1] Quality of Development - The non-performing loan ratio was reported at 1.87%, with a provision coverage ratio of 190.56% [1] - The capital adequacy ratio and the Tier 1 capital adequacy ratio were 15.92% and 13.80% respectively, all of which meet regulatory standards [1]

Core Viewpoint - Dongguan Rural Commercial Bank reported a solid mid-term performance for the six months ending June 30, 2025, with significant growth in revenue and net profit, indicating a stable financial position and commitment to supporting the real economy [1] Financial Performance - The bank's operating income reached 5.501 billion RMB, while net profit stood at 2.628 billion RMB, and profit attributable to shareholders was 2.629 billion RMB, with basic earnings per share of 0.38 RMB [1] Asset and Deposit Growth - As of the reporting period, total assets amounted to 760.445 billion RMB, an increase of 14.541 billion RMB, reflecting a growth rate of 1.95% compared to the end of the previous year [1] - Total deposit balance was 532.364 billion RMB, up by 12.116 billion RMB, marking a growth of 2.33% [1] - Total loan balance reached 394.415 billion RMB, increasing by 13.370 billion RMB, with a growth rate of 3.51% [1] Quality of Development - The bank's non-performing loan ratio was reported at 1.87%, with a provision coverage ratio of 190.56% [1] - Capital adequacy ratio and Tier 1 capital adequacy ratio were 15.92% and 13.80% respectively, all meeting regulatory standards [1]