上市筹备8年落空！顺德农商行不良率连续4年上升

Core Viewpoint - Shunde Rural Commercial Bank's IPO application has been withdrawn after 8 years of preparation, leading to the termination of its listing review by the Shenzhen Stock Exchange [2][5][4]. Group 1: IPO Status - The Shenzhen Stock Exchange announced the termination of Shunde Rural Commercial Bank's IPO review following the bank's withdrawal of its application [4][5]. - This marks the end of an 8-year journey since the bank's IPO counseling began in July 2017 [2][5]. Group 2: Financial Performance - As of the end of 2024, Shunde Rural Commercial Bank reported a net profit of 3.17 billion yuan, a decline of 8.5% year-on-year, marking three consecutive years of profit decline [2][10]. - The bank's non-performing loan ratio rose to 1.61%, increasing for four consecutive years, with a total non-performing loan balance of 4.05 billion yuan [11][10]. - The bank's revenue for 2024 was 8.49 billion yuan, showing a slight increase of 1.2% year-on-year [10]. Group 3: Shareholder Structure and Transactions - By the end of 2024, Shunde Rural Commercial Bank had approximately 87,700 shareholders, with Midea Group being the largest shareholder, holding 9.69% of the shares [5][6]. - The bank engaged in 1,529 related party transactions in 2024, amounting to approximately 28.66 billion yuan, indicating a close relationship with its major shareholders [6][11]. Group 4: Expansion and Management Changes - Despite the IPO withdrawal, Shunde Rural Commercial Bank has been actively pursuing external expansion, including plans to acquire multiple village and town banks [12][13]. - The bank has experienced several changes in its executive management, including the resignation of its chairman after 10 years and the appointment of new executives in 2024 [12][13].