ZJR(SZ:002021) Nan Fang Du Shi Bao·2026-01-14 13:40Core Viewpoint - Guangzhou Rural Commercial Bank has transferred its 1.06 billion shares of Zhongjie Resources, accounting for 8.84% of the total share capital, to Qianrun Investment for a total price of 287 million yuan, marking a significant loss on its previous debt holdings of 951 million yuan [2][3][4]. Group 1: Share Transfer Details - The share transfer price was set at 2.7167 yuan per share, totaling 287 million yuan [3]. - Following this transfer, Guangzhou Rural Commercial Bank no longer holds any shares in Zhongjie Resources, with Qianrun Investment becoming the second-largest shareholder [3]. - The transfer was primarily driven by the bank's operational needs [3]. Group 2: Debt and Financial Impact - Guangzhou Rural Commercial Bank's debt to Zhongjie Resources was originally 951 million yuan, but after the transfer and previous cash repayments, the recovery was only about 33.63% of the total debt [4]. - The bank's loss from this transaction is approximately 61.4% compared to its original debt holdings [4]. - The bank's credit impairment losses have significantly impacted its profitability, with a 47.4% ratio of credit impairment losses to revenue in the first half of 2025 [6]. Group 3: Broader Financial Context - Guangzhou Rural Commercial Bank's net profit for the first three quarters of 2025 was less than half that of Dongguan Rural Commercial Bank, indicating a decline in financial performance [6]. - The bank's total assets reached 1.42 trillion yuan, making it the largest rural commercial bank in Guangdong, yet its profitability remains under pressure [6]. - The bank has been actively disposing of non-performing assets, having sold over 10 billion yuan in assets in recent years [6][7].