Market Overview - The A-share market continued its volatile trend, with the Shanghai Composite Index closing at 3359.90 points, down 0.07%, and the Shenzhen Component Index at 10005.03 points, down 0.47% [2] - Market trading volume shrank again, with a total turnover of 106.78 billion yuan, decreasing by over 18 billion yuan compared to the previous trading day [2] Banking Sector - The banking sector showed strong performance, with the Shenwan Banking Index rising by 0.69%, accumulating nearly 5% this month and over 12% year-to-date [3] - Key banking stocks such as Bank of Communications, Xiamen Bank, and Minsheng Bank rose over 2%, while Hangzhou Bank, Shanghai Pudong Development Bank, and Nanjing Bank reached historical highs during the session [3] - As of the end of May, the RMB loan balance was 266.32 trillion yuan, with a year-on-year growth of 7.07%, and new RMB loans in May increased by 620 billion yuan [3] Liquor Sector - The liquor sector, particularly the white wine segment, rebounded with the Shenwan Liquor Index increasing by 1.13% after hitting a new low for the year [3] - Notable stock performances included Huangtai Liquor reaching the daily limit, and Yingjia Gongjiu rising over 7% [3] - The price of Feitian Moutai has been declining, with the wholesale reference price dropping by 30 yuan to 1950 yuan per bottle as of June 20 [4] TMT Sector - The TMT (Technology, Media, and Telecommunications) sector experienced a short-term decline, with the Shenwan Computer Index dropping over 2% this week [6] - Some institutions believe that the TMT sector has fully digested its previous congestion, and a new round of market activity is expected due to supportive policies for technology innovation [6] - The trading volume of the technology sector has significantly decreased, with the proportion of total A-share trading volume dropping to around 30% as of June 17, down from over 46% in February [6] Policy and Investment Outlook - The recent "1+6" policy measures for the Science and Technology Innovation Board signify a systematic upgrade aimed at supporting technology companies [7] - Future A-share investments are expected to favor companies with strategic direction and high-quality growth potential, particularly those with hard technology attributes [7]

Core Viewpoint - The A-share market experienced a downward trend on June 19, 2025, with the banking sector showing relative resilience, only declining by 0.15%, second only to the oil and petrochemical sector [1] Banking Sector Performance - Individual bank stocks showed localized activity, with notable gains from CITIC Bank, Shanghai Bank, and Jiangyin Bank, each rising over 1% [1] - The banking ETF (512800) opened lower but turned positive during the day, ultimately closing slightly down by 0.12%, continuing its strong performance throughout the year [2][3] ETF and Index Performance - The banking ETF (512800) has repeatedly set historical highs this year, with the index it tracks, the China Securities Banking Index, having increased by 11.87% year-to-date, outperforming the Shanghai Composite Index and CSI 300 by 12.18 and 14.2 percentage points, respectively [3][4] - The banking sector's strong performance is attributed to its status as a stable asset class, characterized by steady operations, consistent dividends, and high dividend yields, making it attractive in a volatile market [4] Fund Allocation and Future Outlook - Short-term drivers include regulatory changes encouraging public funds to increase their allocation to the banking sector, which currently has a significantly lower representation in active funds compared to its weight in the CSI 300 [5] - Analysts believe the core investment logic for the banking sector will persist, driven by its high dividend yield, potential for institutional fund inflows, and supportive policies for interest margins [5] - The current market environment is viewed as the beginning of a long-term trend, with low interest rates and the revaluation of RMB assets serving as foundational logic for this market cycle [5] Investment Opportunities - Investors looking for value in the banking sector are encouraged to consider the banking ETF (512800) and its associated funds, which provide exposure to a diversified portfolio of 42 listed banks in A-shares [6]

证券代码：601187 证券简称：厦门银行 公告编号：2025-029 厦门银行股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 本次利润分配方案经厦门银行股份有限公司（以下简称"公司"或"本公司"）2025 年 6 月 3 日的2024年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 重要内容提示： 每股分配比例 A 股每股现金红利0.16元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/25 | － | 2025/6/26 | 2025/6/26 | 差异化分红送转：否 一、 通过分配方案的股东大会届次和日期 本次利润分配以方案实施前的公司总股本2,639,127,888股为基数， ...

Core Viewpoint - Xiamen Bank has announced a cash dividend distribution plan for its shareholders, with a specific payout amount and relevant dates for the distribution process [1][4]. Dividend Distribution Plan - The total share capital of Xiamen Bank is 2,639,127,888 shares, and the cash dividend per share is set at RMB 0.16 (including tax) [2][4]. - The key dates for the dividend distribution are as follows: - Record date: June 25, 2025 - Last trading date: June 26, 2025 - Ex-dividend date: June 26, 2025 [2][4]. Implementation Method - Cash dividends for A-share ordinary shareholders will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch [2]. - Shareholders who have completed designated transactions can receive their cash dividends on the distribution date at their designated securities business department [2]. Taxation on Dividends - For individual shareholders and securities investment funds holding shares for less than or equal to one month, the actual tax burden is 20%, with the entire dividend included in taxable income [3]. - For shares held between one month and one year, the tax burden is reduced to 10%, with 50% of the dividend included in taxable income [3]. - For shares held for over one year, the dividend income is exempt from personal income tax [3]. - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, resulting in a net dividend of RMB 0.144 per share [3][5]. Contact Information - For inquiries regarding the annual equity distribution, shareholders can contact the board office at Xiamen Bank at 0592-5060112 [5].

证券代码：601187 证券简称：厦门银行 公告编号：2025-028 厦门银行股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 6 月 3 日 (二)股东大会召开的地点：厦门市湖滨北路 101 号商业银行大厦 A603 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） 70.6892 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，洪枇杷董事长主持会议。本次股东大会采 取现场和网络投票相结合的方式，符合《公司法》和《公司章程》的规定。 (五)公司董事、监事和董事会秘书的出席情况 董事王俊彦、毛玉洁、陈欣慰、黄金典、汤琼兰、独立董事戴亦一、谢德仁、 聂秀峰、陈欣、袁东以视频连线方式出席会议，董事李云祥因公务原因未能 出席会议； 审议结果：通过 表决情况： | 股东类型 | 同意 | | | 反对 | | ...

证券代码：601187 证券简称：厦门银行 公告编号：2025-028 厦门银行股份有限公司 2024年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 1、出席会议的股东和代理人人数 | 400 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,795,878,571 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 70.6892 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，洪枇杷董事长主持会议。本次股东大会采 取现场和网络投票相结合的方式，符合《公司法》和《公司章程》的规定。 (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 6 月 3 日 (二)股东大会召开的地点：厦门市湖滨北路 101 号商业银行大厦 A603 会议室 (三 ...

| | | | 三、本次股东大会的表决程序和表决结果 5 | | --- | 关于厦门银行股份有限公司 2024 年度股东大会的 关于厦门银行股份有限公司 2024 年度股东大会的 法律意见书 法律意见书 〔2025〕天衡意字第 122 号 致：厦门银行股份有限公司 福建天衡联合律师事务所接受厦门银行股份有限公司的委托，指派许理想、 潘舒原律师作为厦门银行股份有限公司 2024 年度股东大会的专项律师，见证本 次股东大会。 本所律师根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司股东大会规则》等有关法律、法规、规范性文件以及《厦门银行股份有限公司 章程》的规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精神，出具 本法律意见书。 1 引 言 一、释义 在本法律意见书中，除非明确表述或上下文另有定义，下列各项用语具有如 下特定的含义： | 公司 | 是指 | 厦门银行股份有限公司 | | --- | --- | --- | | 本所 | 是指 | 福建天衡联合律师事务所 | | 本所律师 | 是指 | 本法律意见书的经办律师许理想、潘舒原律师 | | 上证所信息公司 | 是指 | 上证所信息 ...

Investment Rating - The industry investment rating is "Positive" and maintained [8] Core Insights - As of the week ending May 30, the banking index has increased by 0.1%, outperforming the CSI 300 index by 1.2% and the ChiNext index by 1.5%. The market's focus on bank stocks has notably increased due to active fund allocation, with a continued upward trend in the sector, particularly for city commercial banks with relatively strong performance [3][14] - The growth rate of real estate loans has turned positive for the first time since the end of Q3 2023, with a year-on-year increase of 0.04% as of the end of March, primarily driven by a recovery in mortgage demand. In Q1, new personal housing loans amounted to 2,144 billion, a year-on-year increase of 2,093 billion, mainly due to a rebound in second-hand housing sales and improved early repayments [4][30] - Recently, the inclusion of Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank into the CSI 300 index is expected to attract more index funds, providing a positive outlook for these constituent stocks [5][44] - The focus on convertible bond banks is increasing, with significant valuation recovery and trading opportunities. Hangzhou Bank's stock price has risen significantly after triggering the strong redemption clause for its convertible bonds, indicating high investor confidence [6][44] Summary by Sections Banking Sector Performance - The banking index has shown a cumulative increase of 0.1% as of May 30, outperforming the CSI 300 index by 1.2% and the ChiNext index by 1.5% [3][14] - Individual stocks such as Hangzhou Bank have led the gains, with its stock price reaching a new high after the convertible bond triggered strong redemption conditions [3][14] Loan Trends - The growth rate of real estate loans has turned positive, with a year-on-year increase of 0.04% as of the end of March, driven by a recovery in mortgage demand [4][30] - In Q1, new personal housing loans totaled 2,144 billion, a year-on-year increase of 2,093 billion, attributed to improved second-hand housing sales and early repayments [4][30] Index Adjustments - Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank have been included in the CSI 300 index, effective June 13, 2025, which is expected to lead to increased capital inflow into these stocks [5][44] Convertible Bonds - The focus on banks issuing convertible bonds has intensified, with Hangzhou Bank's stock price showing significant gains after the strong redemption clause was triggered [6][44]

Investment Rating - The investment rating for the banking industry is "Positive" and maintained [11] Core Insights - The banking index increased by 0.1% as of May 30, 2025, outperforming the CSI 300 index by 1.2% and the ChiNext index by 1.5%. The market's focus on bank stocks has increased significantly due to active fund allocation, with a continued upward trend in the sector, particularly for city commercial banks with relatively strong performance [2][6][19] - The growth rate of real estate loans turned positive for the first time since Q3 2023, with a year-on-year increase of 0.04% as of the end of March. This was primarily driven by a recovery in mortgage demand, with new personal housing loans amounting to 2,144 billion, a year-on-year increase of 2,093 billion [7][34][40] - The inclusion of Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank into the CSI 300 index is expected to attract more index funds, providing a positive outlook for these constituent stocks [8][47] Summary by Sections Market Performance - As of May 30, 2025, the banking index has shown a cumulative increase of 0.1%, with significant gains in city commercial banks like Hangzhou Bank, which saw its stock price rise after triggering a strong redemption condition for its convertible bonds [2][6][19] Loan Trends - In Q1 2025, the growth of corporate medium and long-term loans decreased, with industrial loans adding 1.52 trillion, down 140 billion year-on-year, and service sector loans adding 2.99 trillion, down 550 billion year-on-year. However, personal housing loans saw a significant increase, indicating a recovery in the housing market [7][34][40] Index Adjustments - The adjustment of the CSI 300 index, which includes Chongqing Rural Commercial Bank and Shanghai Rural Commercial Bank, is expected to lead to increased capital inflow into these stocks, enhancing their market performance [8][47] Convertible Bonds - The recent surge in bank stocks has narrowed the price gap to the strong redemption price for banks issuing convertible bonds. Hangzhou Bank's stock price has remained above the strong redemption price for 15 consecutive trading days, indicating strong investor confidence [9][48]

Group 1 - The National Cybersecurity Incident Response Center detected 63 mobile applications that illegally collect and use personal information [1] - The "Xiamen Bank Enterprise Banking" app (version 8.0.0) failed to clearly inform users about its privacy policy and the handling of personal information [1] - The "Ximalaya" app (version 6.1.1.01) did not adequately disclose the purposes, methods, and scope of personal information collection [2] Group 2 - The previous report identified 65 problematic mobile applications, with 16 still having issues upon retesting, leading to their removal from distribution platforms [2] - Xiamen Bank, established in 1996, is the first city commercial bank in mainland China with Taiwanese capital and is listed with stock code 601187.SH [2] - The largest shareholder of Xiamen Bank is the Xiamen Municipal Finance Bureau, holding 19.18%, while the second largest is Fubon Financial Holding from Taiwan, holding 18.03% [2] Group 3 - Ximalaya, founded in 2012, is a popular online audio sharing platform that offers a wide range of audio content for users of all ages, totaling 340 million audio pieces across 101 categories [3]