东莞银行、南海农商行：IPO中止下的增长困局与资本突围

Core Viewpoint - Dongguan Bank and Nanhai Rural Commercial Bank have reported a continued decline in both revenue and net profit for the first three quarters of 2025, reflecting ongoing financial challenges and pressures in the banking sector [2][3]. Group 1: Financial Performance - Dongguan Bank achieved a revenue of 6.918 billion yuan, a year-on-year decrease of 9.39%, and a net profit of 2.544 billion yuan, down 20.66% [2][3]. - Nanhai Rural Commercial Bank reported a revenue of 4.277 billion yuan, a decline of 8.73%, and a net profit of 1.865 billion yuan, down 17.08% [2][3]. - The downward trend in performance was already evident in 2024, with Dongguan Bank's revenue at 10.197 billion yuan, down 3.69%, and net profit at 3.733 billion yuan, down 8.2% [3]. Group 2: Revenue Structure - Dongguan Bank's net interest income and financial investment income both experienced negative growth, while its intermediary business net income reached a historical high [2][5]. - Nanhai Rural Commercial Bank's intermediary business also showed recovery, with investment income increasing by 50.75%, accounting for 46.84% of total revenue, despite a decline in net interest income [2][7]. Group 3: Asset and Loan Growth - As of September 2025, Dongguan Bank's total assets reached 681.274 billion yuan, a year-on-year increase of 3.85%, with loans and advances totaling 374.311 billion yuan, up 6.14% [6]. - Nanhai Rural Commercial Bank's total assets were 346.817 billion yuan, growing by 6.06%, with loans and advances at 175.005 billion yuan, up 8.18% [7]. Group 4: Capital Adequacy - Dongguan Bank's capital adequacy ratios showed a decline, with a core Tier 1 capital ratio of 9.13% and a total capital ratio of 13.64% as of September 2025 [9]. - Nanhai Rural Commercial Bank's core Tier 1 capital ratio was 12.51%, with a total capital ratio of 15.04%, both down from the previous year [9]. Group 5: IPO Status - Both banks' IPO applications have been suspended due to expired financial documents, with their status currently marked as "suspended" [9][10].