广东顺德农商行意外步广州银行后尘，主动撤回申请、终止上市

Core Viewpoint - Shunde Rural Commercial Bank has voluntarily withdrawn its A-share IPO application, leading to the termination of the review process by the Shenzhen Stock Exchange [1][5][9] Group 1: IPO Withdrawal Details - The IPO review status for Shunde Rural Commercial Bank has changed from suspended to terminated as of July 4, 2025 [2] - The bank's IPO application was initially accepted on March 3, 2023, but was later withdrawn, resulting in the termination of the review process [5][6] - The bank had planned to raise 9 billion yuan through the IPO, with China International Capital Corporation as the sponsor [6] Group 2: Historical Context and Strategic Implications - Shunde Rural Commercial Bank's IPO journey began in July 2017, with the aim of enhancing corporate governance and competitiveness [6][10] - The bank's withdrawal is attributed to a strategic planning adjustment, with no plans for a Hong Kong listing [9][12] - The bank has faced multiple interruptions in its IPO process due to expired financial data, leading to a total of four suspensions since the implementation of the registration system [6][12] Group 3: Financial Performance - As of the end of 2024, Shunde Rural Commercial Bank reported total assets of 481.05 billion yuan, with a net profit of 3.169 billion yuan, marking an 8.54% decline year-on-year [10] - The bank's non-performing loan ratio increased to 1.61%, the highest in seven years, while the provision coverage ratio fell to 174.78%, the lowest in seven years [10]