巨亏4.57亿、多股东失信：河南投资集团入主三年后，襄城农商行为何仍陷泥潭？

Core Insights - The financial report of Xiangcheng Rural Commercial Bank reveals a shocking net loss of 457 million yuan against a revenue of only 213 million yuan for the year 2024, marking the first public disclosure of its financial data [1][3] - The bank's total assets stand at 23.328 billion yuan, with total liabilities of 22.654 billion yuan, resulting in owner equity of 675 million yuan, raising questions about the reasons behind such significant losses [3] Shareholder Structure - The largest shareholder, Henan Investment Group, holds a substantial 58.91% stake in Xiangcheng Rural Commercial Bank, indicating a strong backing from a prominent state-owned capital operation company [4] - Despite the strong backing, the bank's shareholder structure includes several problematic entities, with at least five of the top seven shareholders facing severe operational risks or being classified as "dishonest executors" [5][6][7][8][9] Historical Context - The current shareholder issues trace back to a 2020 stock auction crisis triggered by a debt default from the then-largest shareholder, Xuchang Yuwang Real Estate Co., which led to over 31% of the bank's shares being put up for auction [13][14] - The auction was not due to the bank's operational failures but rather a consequence of the debt issues of its major shareholders, highlighting the interconnected risks within the bank's ownership structure [14][17] Management Changes - Following the acquisition by Henan Investment Group, significant management changes have occurred, including the appointment of a new chairman, indicating an effort to improve governance and operational efficiency [19] - The bank has seen a continuous reduction in employee numbers, from 532 in 2016 to 361 in 2024, reflecting potential challenges in business scale and operational efficiency [18] Future Outlook - The bank's path to recovery appears complex, with historical shareholder issues persisting and significant financial losses being reported, raising concerns about its future operational viability [18][19] - The strategies that Henan Investment Group will employ to support the bank's restructuring efforts remain uncertain, with potential implications for the bank's long-term stability and governance [19]