不良高企，武汉农商银行27亿元国资“补血”进行中

Core Viewpoint - Wuhan Rural Commercial Bank has issued a total of 600 million yuan in technology innovation bonds with a coupon rate of 1.85%, while also progressing on a capital increase project involving 771 million shares, which will significantly increase the state-owned shareholding ratio from 38.45% to 57.56% [2][5] Group 1: Bond Issuance and Capital Increase - The "25 Wuhan Rural Commercial Technology Innovation Bond" has an actual issuance amount of 600 million yuan and a coupon rate of 1.85% [2] - The capital increase project involves 771 million shares with a total capital increase amount of 2.7 billion yuan, funded by seven state-owned enterprises in Wuhan [2][4] - After the completion of the capital increase, the total share capital of Wuhan Rural Commercial Bank will rise to 6.769 billion yuan [5] Group 2: Shareholding Structure and Impact - Following the capital increase, Wuhan Financial Holding and Wuhan Optics Valley Financial Holding will hold 830 million shares and 684 million shares, respectively [3] - The capital injection from state-owned enterprises is expected to enhance the bank's capital adequacy ratio, which is currently at 11.09%, below the industry average of 13.48% [6] - The increase in state-owned shares is anticipated to stabilize the bank's development expectations and improve corporate governance [7] Group 3: Financial Performance and Challenges - Wuhan Rural Commercial Bank reported a decline in operating income and net profit for 2024, with operating income at 7.236 billion yuan and net profit at 1.009 billion yuan, reflecting a year-on-year decrease of 39.53% and 29.24%, respectively [6] - The bank's non-performing loan ratio has remained high, recorded at 2.76%, 2.94%, and 2.94% from 2022 to 2024, indicating ongoing challenges in risk management [6] - The bank's capital adequacy levels are under pressure due to a narrowing net interest margin and increasing credit impairment losses [6][8]