东莞农商银行(09889) - 2025 - 中期财报

Important Notice The Board and senior management affirm the interim report's accuracy, noting its approval, KPMG's review, and no interim profit distribution - The Board of Directors, Board of Supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this interim report, free from false records, misleading statements, or material omissions[5] - On August 28, 2025, the Bank's Fifth Board of Directors' Twelfth Meeting approved the "Proposal on Approving the 2025 Interim Report of Dongguan Rural Commercial Bank Co., Ltd."[5] - The Bank's 2025 interim financial report, prepared in accordance with International Financial Reporting Standards, is unaudited but has been reviewed by KPMG in accordance with International Standards on Review Engagements[5] - The Bank will not distribute profits or convert capital reserves into share capital for the 2025 interim period[5] Definitions This section defines key terms used throughout the report to ensure clarity and consistent understanding of the content - This section provides definitions for commonly used terms in the report, such as "the Bank," "the Group," "Board of Directors," "Board of Supervisors," "CBIRC," "non-performing loans," "Sannong," and "small and micro enterprises," to ensure clarity and consistency of the report content[11][12][13] Chapter 1 Introduction and Business Overview This chapter provides an overview of the Bank's fundamental information, corporate profile, investment value, core competitiveness, and recent awards Basic Information This section lists the basic information of Dongguan Rural Commercial Bank Co., Ltd., including its legal name, abbreviation, legal representative, registered address, website, customer service hotline, principal place of business in Hong Kong, stock exchange and code, and registered capital - The company's legal Chinese name is Dongguan Rural Commercial Bank Co., Ltd., abbreviated as Dongguan Rural Commercial Bank[17] - The company was listed on the Hong Kong Stock Exchange in 2021, with stock code 9889.HK[17][18] Overview of Basic Information | Indicator | Content | | :--- | :--- | | Registered Address | No. 2 Hongfu East Road, Dongcheng Street, Dongguan City, Guangdong Province, China | | Registered Capital | RMB 6,888,545,510 | | Stock Exchange | The Stock Exchange of Hong Kong Limited | | Stock Abbreviation and Code | Dongguan Rural Commercial Bank (9889.HK) | Company Profile Dongguan Rural Commercial Bank originated in 1952, was restructured into a joint-stock bank in 2009, and listed in Hong Kong in 2021. As of June 30, 2025, the Group's total assets reached RMB 760.45 billion, total deposits RMB 532.36 billion, and total loans RMB 394.42 billion. The non-performing loan ratio was 1.87%, and the provision coverage ratio was 190.56% - Dongguan Rural Commercial Bank has a long history, originating in 1952, restructured into a joint-stock bank in 2009, and listed on the Hong Kong Stock Exchange in 2021[18] - As of June 30, 2025, the Group's total assets were RMB 760.45 billion, total deposits RMB 532.36 billion, and total loans RMB 394.42 billion[18] Key Financial Indicators of the Group as of June 30, 2025 | Indicator | Amount/Ratio | | :--- | :--- | | Total Assets | RMB 760.45 billion | | Total Deposits | RMB 532.36 billion | | Total Loans | RMB 394.42 billion | | Non-performing Loan Ratio | 1.87% | | Provision Coverage Ratio | 190.56% | | Capital Adequacy Ratio | 15.92% | | Tier 1 Capital Adequacy Ratio | 13.80% | - According to the latest statistics from The Banker magazine, Dongguan Rural Commercial Bank ranked 218th globally by Tier 1 capital as of the end of 2024[19] Investment Value and Core Competitiveness The Group's core competitiveness lies in its vibrant operating regional economy, clear development strategy, synergistic business segments, refined organizational management, technological empowerment, sound corporate governance, and open and enterprising corporate culture - The Group is based in the Guangdong-Hong Kong-Macao Greater Bay Area, centered in Dongguan with eastern and western Guangdong as fulcrums, operating in a vibrant regional economy with broad market development space[20] - The development strategy is clear and firm, aiming to become a regional value rural commercial bank group, practicing customer-oriented, integrity, steady development, and synergistic growth values[20] - The Group adheres to its primary responsibility of supporting agriculture, small businesses, and the real economy, promoting synergistic development of its four core business segments: corporate, retail, inclusive finance, and financial asset management, while accelerating digital transformation through technological empowerment[20][21] - A sound "three boards and one layer" governance structure is established, with a diversified shareholder structure, fostering a corporate culture of responsibility, prudence, stability, warmth, and harmony[21] Honors and Awards The Group received multiple honors and awards in 2025, including the Dongguan City Efficiency Contribution Award, Top 20 Enterprises by Main Business Revenue, Integrity Enterprise, and outstanding collective in promoting the "Hundred Counties, Thousand Towns, Ten Thousand Villages High-Quality Development Project," ranking 218th in The Banker magazine's Top 1,000 World Banks - In March 2025, the Group received the "2024 Dongguan City Efficiency Contribution Award" and "2024 Top 20 Enterprises by Main Business Revenue in Dongguan City" from the Dongguan Municipal Committee of the Communist Party of China and the Dongguan Municipal People's Government[22] - In May 2025, the Group was commended by the General Office of the CPC Guangdong Provincial Committee and the General Office of the Guangdong Provincial People's Government for its outstanding performance in promoting the "Hundred Counties, Thousand Towns, Ten Thousand Villages High-Quality Development Project"[22] - In July 2025, the Group ranked 218th in The Banker magazine's "Top 1,000 World Banks"[22] Chapter 2 Summary of Accounting Data and Financial Indicators This chapter summarizes Dongguan Rural Commercial Bank's key accounting data and financial indicators for the six months ended June 30, 2025. During the reporting period, operating income and net profit decreased year-on-year, but total assets and customer loan balances grew steadily. Asset quality indicators showed a slight increase in the non-performing loan ratio and a decrease in the provision coverage ratio, while capital adequacy ratios remained compliant with regulatory requirements Summary of Operating Results for H1 2025 | Indicator | 2025 (RMB thousands) | 2024 (RMB thousands) | Change from prior period (%) | | :--- | :--- | :--- | :--- | | Operating Income | 5,500,933 | 6,398,182 | (14.02) | | Profit Before Tax | 2,755,043 | 3,457,440 | (20.32) | | Net Profit | 2,627,906 | 3,378,731 | (22.22) | | Net Profit Attributable to Shareholders of the Bank | 2,628,882 | 3,169,894 | (17.07) | | Basic Earnings Per Share (RMB