桂林银行原董事长吴东被“双开”，上市筹备多年未果

Core Viewpoint - Guilin Bank has faced significant setbacks in its IPO preparations, particularly following the removal of its former chairman, Wu Dong, due to violations of regulations and potential criminal issues [2][5][7]. Group 1: Company Leadership Changes - Wu Dong was expelled from the party and public office in July 2025, with allegations of corruption leading to his prosecution [2][5]. - Following Wu Dong's resignation, Zhang Xiande has taken over as acting chairman, while Lei Ming has been appointed as acting president [6][7]. Group 2: IPO Preparation Status - Guilin Bank initiated its A-share IPO counseling in August 2023, but still faces two major issues: the need to clarify property rights for some real estate and ongoing legal disputes [4][7]. - The bank's IPO plans date back to 2011, with various attempts and strategic shifts over the years, including a failed application for the New Third Board in 2015 [7]. Group 3: Financial Performance - As of mid-2025, Guilin Bank reported total assets of 594.25 billion, with a slight decline in operating income to 6.644 billion, down 0.92% year-on-year, while net profit increased by 0.95% to 1.791 billion [7]. - The bank's non-performing loan ratio rose to 1.87%, exceeding the average of 1.76% for domestic city commercial banks, and its provision coverage ratio fell to 130.88%, significantly below the industry average of 185.53% [8]. Group 4: Employee Statistics - The total number of employees at Guilin Bank decreased by approximately 2.98% to 7,589 compared to the end of the previous year, with declines across various categories of staff [8].