顺德银行撤回了一个IPO 八年筹备终搁浅

Core Viewpoint - Guangdong Shunde Rural Commercial Bank (Shunde Bank) has officially withdrawn its IPO application after a six-year process, marking the second bank to do so in 2025 and the sixth small to mid-sized bank to exit since the implementation of the comprehensive registration system in 2023 [2][3] Company Summary - Shunde Bank's IPO journey began in July 2017 when its shareholders approved the A-share listing proposal, with the application accepted by the CSRC in June 2019, aiming to raise 9 billion yuan to supplement capital [3] - The bank's financial performance has been under pressure, with a reported net profit of 3.169 billion yuan in 2024, a decline of 8.54% year-on-year, marking three consecutive years of negative growth [4] - The bank's asset quality has deteriorated, with the non-performing loan ratio increasing from 1.22% in 2022 to 1.61% in 2024, and the proportion of special mention loans rising by 1.28 percentage points to 3.20% [4] Industry Summary - The current environment for small and mid-sized bank IPOs is challenging, with only five banks remaining in the A-share queue after Shunde Bank's withdrawal, and most are in the "accepted" stage without progressing to inquiries [5] - The trend shows that half of the ten banks that transitioned to the exchange under the new registration system have withdrawn their applications, indicating a significant contraction in the IPO pipeline for banks [5] - Some banks are exploring alternative routes to raise capital, such as listing on the Hong Kong Stock Exchange, but the market's acceptance of small banks remains low, as evidenced by significant stock price declines and liquidity issues for several banks [6]