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][4]. - The transfer is part of Guangzhou Rural Commercial Bank's strategy to address its 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 losses from this transaction represent a 61.4% reduction compared to its original debt holdings [4]. - The bank's financial performance has been declining, with a net profit of only 17.22 billion yuan in the first three quarters of 2025, down 18.73% year-on-year [7]. Group 3: Broader Financial Context - The bank's credit impairment losses reached 38.1 billion yuan in the first half of 2025, accounting for 47.4% of its revenue, indicating severe pressure from non-performing assets [8]. - The bank's total assets were reported at 1.42 trillion yuan, making it the largest rural commercial bank in Guangdong, yet its profitability is significantly lower than its peers [7][8]. - The bank has been actively selling off assets, with over 100 billion yuan in asset disposals in recent years as part of its strategy to manage non-performing loans [8].