Hua Xia Shi Bao·2025-10-30 03:57Core Insights - Chongqing Rural Commercial Bank (渝农商行) reported a slight increase in revenue and net profit for the first three quarters of 2025, with operating income at 21.658 billion yuan, up 0.67% year-on-year, and net profit attributable to shareholders at 10.694 billion yuan, up 3.74% year-on-year [2] - The bank's non-interest income, which had previously driven growth, saw a significant decline of 21% year-on-year, impacting overall revenue growth [2][6] - The bank's investment income decreased by 8% year-on-year to 3.495 billion yuan, with losses from fair value changes expanding to 807 million yuan [5][6] Financial Performance - For the first three quarters of 2025, Chongqing Rural Commercial Bank achieved operating income of 21.658 billion yuan, a year-on-year increase of 0.67% [2] - The net profit attributable to shareholders reached 10.694 billion yuan, reflecting a year-on-year growth of 3.74% [2] - Non-interest net income for the bank was 3.808 billion yuan, down 21% year-on-year, with a quarterly decline observed: Q1 down 12%, Q2 down 20%, and Q3 down 34% [6] Non-Interest Income Analysis - The decline in non-interest income is attributed to a downturn in the bond market, with the bank's investment income falling by 8% year-on-year [4][6] - The bank's bond investments amounted to 514.5 billion yuan, representing 82% of its total financial investments, but faced challenges in the third quarter due to rising bond yields [4] - The bank's fair value losses increased significantly, indicating a challenging investment environment [5][6] Management and Governance - The bank's new chairman, Liu Xiaojun, has not yet received regulatory approval for his position, with the current president, Sui Jun, acting as chairman for over a year [7][8] - Liu Xiaojun has a strong background in finance, having held various positions in banking and trust companies prior to his current role [8]