四度中止后两银行再冲A股，盈利下滑困局待破，谁将打破4年上市荒

Core Viewpoint - Dongguan Bank and Nanhai Rural Commercial Bank have resumed their IPO review process after updating their financial data, marking the fourth time since the 2023 registration system reform that their reviews were halted due to outdated financial information [1] Group 1: Financial Performance - As of the end of Q3 2025, Dongguan Bank reported total assets of 681.27 billion, with revenue of 6.92 billion and net profit of 2.54 billion, reflecting year-on-year declines of 9.50% and 20.88% respectively [3] - Nanhai Rural Commercial Bank had total assets of 346.82 billion, with revenue of 4.28 billion and net profit of 1.87 billion, showing year-on-year declines of 8.73% and 17.08% respectively [3] - Both banks are facing deteriorating asset quality, with Dongguan Bank's non-performing loan ratio rising to 1.08% and provision coverage ratio dropping to 185.43%, while Nanhai's non-performing loan ratio increased to 1.55% with a provision coverage ratio of 230.99% [3] Group 2: IPO Challenges - The IPO journey for these banks has been fraught with difficulties, having been halted four times since 2024 due to outdated financial data, while they have also managed to resume their reviews four times by updating their information [3] - In contrast, Guangzhou Bank and Shunde Rural Commercial Bank have withdrawn their IPO applications, with Guangzhou Bank experiencing a dramatic 66.09% drop in net profit from 3.34 billion in 2022 to 1.02 billion in 2024 [3] - The A-share banking sector has been experiencing a listing drought for four years, with the last successful IPO being Lanzhou Bank on January 17, 2022 [4] Group 3: Current IPO Status - Currently, Huzhou Bank, Hubei Bank, and Jiangsu Kunshan Rural Commercial Bank are in the review process at the Shanghai Stock Exchange, with statuses of 'inquiry' and 'accepted', but their financial documents have not faced the same issues of expiration as those of Dongguan and Nanhai [5] - Yibin Bank successfully listed on the Hong Kong Stock Exchange on January 13, 2025, but it has been nearly a year since that event, highlighting the ongoing challenges in the banking sector amid economic pressures [5]