6年长跑“一声叹息”，顺德农商行终止IPO，自称是战略优化需要

Core Viewpoint - Shunde Rural Commercial Bank has terminated its IPO process after six years of waiting, as it voluntarily withdrew its application due to strategic planning needs and will consider resuming based on market conditions in the future [2][4]. Company Summary - The bank's IPO journey began in July 2017, with its application being accepted by the China Securities Regulatory Commission in June 2019. However, the process faced delays, and the application was ultimately withdrawn in July 2023 [4]. - The bank reported a total asset increase and a rise in operating income for the year 2024, with operating income reaching 8.377 billion yuan, a year-on-year increase of 1.4%. However, net profit decreased to 3.177 billion yuan, down 7.89% year-on-year [6]. - The bank's net interest income fell by 11.25% to 5.962 billion yuan, while non-interest income surged by 56.45% to 2.415 billion yuan. Investment income significantly increased by 176.52% to 2.335 billion yuan, providing substantial support to profits [6]. - As of the end of 2024, the bank's non-performing loan ratio was 1.61%, up 0.13 percentage points year-on-year, while the provision coverage ratio decreased to 174.78% [7]. - The bank aims to improve its profitability by focusing on strategic goals set by local government initiatives and enhancing its operational efficiency [6]. Industry Summary - The trend of banks withdrawing IPO applications has been observed, with Shunde Rural Commercial Bank being the second bank this year to do so, following Guangzhou Bank in January [9]. - Currently, only five banks are still in the IPO queue, with Dongguan Bank and Nanhai Rural Commercial Bank having updated their financial data recently [10]. - The overall market environment is characterized by volatility, leading to cautious investor sentiment and uncertainty regarding bank valuations and future profitability, which has contributed to the decision of some banks to withdraw their applications [10].