营收与利润缩水 IPO困局何解?

Core Insights - Both Dongguan Bank and Nanhai Rural Commercial Bank have reported a continued decline in revenue and net profit for the first three quarters of 2025, reflecting a "double decline" trend [1][2][3] Financial Performance - Dongguan Bank achieved a revenue of 6.918 billion yuan, down 9.39% year-on-year, and a net profit of 2.544 billion yuan, down 20.66% year-on-year [1][2] - Nanhai Rural Commercial Bank reported a revenue of 4.277 billion yuan, down 8.73% year-on-year, and a net profit of 1.865 billion yuan, down 17.08% year-on-year [1][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 [1][4] - Nanhai Rural Commercial Bank saw a 50.75% increase in investment income, which accounted for 46.84% of its revenue, despite a decline in net interest income [1][6] Capital Adequacy - As of September 2025, Dongguan Bank's core Tier 1 capital adequacy ratio was 9.13%, and Nanhai Rural Commercial Bank's was 12.51%, both showing a decline compared to the end of the previous year [8][9] IPO Status - Both banks' IPO applications have been suspended due to expired financial documents, with their performance lagging behind other A-share listed city commercial banks [2][3][8]