筹谋上市十七载，东莞银行“赶考”途中业绩倒退

Core Viewpoint - Dongguan Bank's performance has declined in 2024, with both revenue and net profit decreasing, which may negatively impact its long-awaited A-share IPO process [1][3][4]. Financial Performance - In 2024, Dongguan Bank reported operating revenue of 10.197 billion yuan, a decrease of 3.69% year-on-year [3]. - The net profit attributable to shareholders was 3.738 billion yuan, down 8.1% compared to the previous year [3]. - The bank's interest income fell by 14.57% to 7.119 billion yuan, primarily due to a decrease in loan interest income [3]. - Non-interest income, including investment income, showed some growth, with investment income increasing by 35.95% to 2.086 billion yuan [3]. IPO Progress - Dongguan Bank has been attempting to list on A-shares for 17 years, facing multiple interruptions due to incomplete disclosures and expired financial data [5]. - The bank's IPO application has been suspended three times, with the latest suspension due to outdated financial information [5][6]. - The complex shareholding structure and previous regulatory penalties have complicated the IPO process [5]. Shareholding Structure - As of the end of 2024, Dongguan Bank has no controlling shareholder, with 5,190 shareholders, including 5,111 individual shareholders [6]. - The proportion of state-owned shares increased from 37.52% to 42% following a recent share transfer [6][7]. Market Opportunities - Dongguan Bank is exploring new business opportunities, including the establishment of a subsidiary in Hong Kong to enhance its presence in the Greater Bay Area [8][9]. - The bank aims to leverage its Hong Kong branch to provide cross-border financial services and support local businesses [9]. - There is a focus on enhancing financial services for technology enterprises transitioning from traditional manufacturing [10].