Financial Performance - The company's operating income for 2020 was RMB 5,555,613, representing a 23.20% increase compared to RMB 4,509,326 in 2019[28]. - The net profit attributable to shareholders of the parent company for 2020 was RMB 1,822,567, an increase of 6.53% from RMB 1,710,854 in 2019[28]. - Total assets as of December 31, 2020, reached RMB 285,150,280, reflecting a 15.51% increase from RMB 246,867,556 at the end of 2019[28]. - The total amount of customer loans and advances increased by 30.02% to RMB 140,646,890 in 2020 from RMB 108,169,574 in 2019[28]. - The company's total liabilities increased by 14.78% to RMB 265,476,651 in 2020 from RMB 231,295,140 in 2019[30]. - The company's basic earnings per share for 2020 was RMB 0.75, up 4.17% from RMB 0.72 in 2019[30]. - The company reported a significant increase in the net profit attributable to shareholders in Q4 2020, amounting to RMB 568,368,000, compared to RMB 303,537,000 in Q3 2020[34]. - The company achieved an operating income of 55.56 billion RMB, an increase of 10.46 billion RMB, representing a growth of 23.20% year-on-year[93]. - The net profit attributable to shareholders was 18.23 billion RMB, an increase of 1.12 billion RMB, reflecting a growth of 6.53% year-on-year[93]. Asset and Liability Management - The company's total assets reached CNY 285.15 billion, an increase of 15.51% compared to the previous year[61]. - The total liabilities amounted to RMB 265.48 billion, reflecting a growth of 14.78% year-on-year[115]. - The company's equity increased to RMB 19.67 billion, a growth of 26.34% year-on-year[115]. - The company's total debt securities increased from RMB 3.156 billion in 2019 to RMB 9.126 billion in 2020, an increase of 189.56%[140]. - The company's buy-back financial assets amounted to RMB 111.07 billion, reflecting a growth of 26.71% from the previous year[130]. Credit and Risk Management - The company has implemented effective risk management measures to address various operational risks, including credit and liquidity risks[6]. - The non-performing loan ratio improved to 0.98% as of December 31, 2020, down from 1.18% at the end of 2019, a decrease of 0.20 percentage points[33]. - The company reported a loan loss provision of RMB 1,638,004 thousand for the period, increasing the total provision to RMB 5,081,545 thousand by the end of the reporting period[178]. - The company’s non-performing loan management strategies included strict credit approval processes and enhanced monitoring of asset quality[176]. - The company has implemented a "5+1 defense line" for credit risk management, focusing on optimizing credit structure and enhancing risk control capabilities[193]. Dividend and Shareholder Returns - The board proposed a cash dividend of RMB 1.80 per 10 shares (including tax) to all registered ordinary shareholders, pending approval at the annual general meeting[4]. Strategic Initiatives and Market Position - The strategic vision for 2021 focuses on enhancing services for small and medium-sized enterprises and deepening financial cooperation across the Taiwan Strait[14]. - Xiamen Bank aims to leverage its listing opportunity to enhance capital market engagement, targeting growth in scale and quality[14]. - The company has established a comprehensive cross-strait financial business system, focusing on personal, corporate, and interbank services since 2008, leveraging its strategic partnership with Fubon Bank (Hong Kong) to enhance its market position[48]. - The company has established a specialized service organization for Taiwanese enterprises, enhancing its competitive edge in cross-strait financial services[48]. Product and Service Development - Xiamen Bank launched various financial products to support small and micro enterprises during the pandemic, including epidemic prevention bonds and relief loans[10]. - The company has developed a robust product system for small and micro enterprises, addressing their financing challenges and offering flexible terms and diverse repayment methods, which has cultivated a loyal customer base[50]. - The company launched various loan products, including "Tax e Loan" and "Enterprise Tax e Loan," to support small and micro enterprises, enhancing digital and mobile loan processing capabilities[79]. - The company focused on enhancing its wealth management digital capabilities, achieving a full-channel sales platform for wealth products during the reporting period[78]. Technology and Innovation - The company is committed to integrating financial technology into its operations, focusing on customer-centric digital solutions to improve service efficiency and reduce operational costs[52]. - The company has actively pursued new technology research, including artificial intelligence and cloud computing, to enhance operational efficiency[190]. - The company’s digital transformation initiatives included the development of a new cash management system and the automation of international business operations[189]. Awards and Recognition - The company has received multiple awards, including the "2020 Excellent Institution for Serving Small and Micro Enterprises" from Xiamen's financial authorities, highlighting its commitment to community support[55]. - The company has been recognized as one of the "Top 100 Self-Operated Institutions" by the Central Government Bond Registration and Settlement Co., Ltd., showcasing its strong market presence[56]. - The company achieved significant accolades in the financial technology sector, including a silver award for its mobile banking platform at the 2020 China Financial Technology Innovation Competition[59].

Financial Performance - The net profit attributable to shareholders of the parent company was RMB 538.21 million, representing a year-on-year growth of 5.37%[7]. - Basic earnings per share were RMB 0.20, a decline of 9.09% compared to the previous year[7]. - Net profit for Q1 2021 was RMB 528,654 thousand, compared to RMB 498,428 thousand in Q1 2020, marking a growth of 6.1%[73]. - Total profit for Q1 2021 reached RMB 562,244 thousand, up 13.4% from RMB 495,603 thousand in Q1 2020[73]. - Net profit attributable to minority shareholders increased by 50.73% to CNY 467,827 thousand in Q1 2021 compared to CNY 310,366 thousand in Q1 2020[23]. - In Q1 2021, Xiamen Bank reported a total comprehensive income of RMB 485,106 thousand, a decrease of 39.6% from RMB 804,742 thousand in Q1 2020[58]. - The bank's total comprehensive income for Q1 2021 was RMB 471,411 thousand, down from RMB 786,650 thousand in Q1 2020, reflecting a decrease of 40%[73]. Asset and Liability Management - As of March 31, 2021, total assets reached RMB 286.58 billion, a 0.50% increase from the end of 2020[7]. - Total assets increased to CNY 286,575,786 thousand as of March 31, 2021, compared to CNY 285,150,280 thousand at the end of 2020, reflecting a growth of 0.5%[32]. - The bank's total assets as of March 31, 2021, were RMB 279,629,466 thousand, slightly up from RMB 279,479,126 thousand at the end of 2020[67]. - Total liabilities decreased slightly to CNY 264,762,919 thousand from CNY 265,476,651 thousand[32]. - The total liabilities as of March 31, 2021, were ¥264,762,919 thousand, slightly down from ¥265,476,651 thousand at the end of 2020[52]. - The bank's total liabilities decreased to RMB 258,439,393 thousand from RMB 260,259,596 thousand at the end of 2020[70]. Loan and Deposit Activity - Customer loans and advances totaled CNY 149,960,536 thousand, up from CNY 140,646,890 thousand, representing a growth of 6.9%[32]. - The bank's total deposits decreased to CNY 145,411,497 thousand from CNY 154,237,929 thousand, a decline of 5.3%[32]. - The net increase in loans and advances was RMB 136,376,694 thousand, up from RMB 129,414,901 thousand at the end of 2020[67]. Risk Management - The non-performing loan ratio remained stable at 0.98%, unchanged from the beginning of the year[18]. - The provision coverage ratio stood at 350.30%, indicating sufficient risk compensation[18]. - The provision coverage ratio decreased to 350.30% from 368.03%[44]. - The leverage ratio increased to 6.33% as of March 31, 2021, compared to 5.70% at the end of 2020[41]. Income and Cash Flow - Operating income for the first quarter was RMB 1.16 billion, a decrease of 16.68% compared to the same period in 2020[7]. - Operating income for Q1 2021 was RMB 1,071,060 thousand, a decrease of 19% compared to RMB 1,322,163 thousand in Q1 2020[73]. - The net interest income for Q1 2021 was ¥1,012,515 thousand, compared to ¥925,998 thousand in Q1 2020[55]. - Interest, fees, and commissions received amounted to RMB 2,110,625 thousand, an increase from RMB 1,295,976 thousand in Q1 2020[61]. - The bank's interest income rose to RMB 2,495,680 thousand, an increase of 7.5% from RMB 2,320,109 thousand in Q1 2020[73]. - The bank's investment activities generated a net cash flow of RMB 3,380,005 thousand in Q1 2021, compared to RMB 1,040,800 thousand in the same period last year[63]. - The net cash flow from operating activities was negative RMB 20,282,299 thousand, compared to negative RMB 7,938,094 thousand in the same period last year[61]. - The bank's cash flow from operating activities showed a net outflow of RMB 19,303,644 thousand, worsening from a net outflow of RMB 7,833,218 thousand in the same period last year[76]. - Cash flow from financing activities generated a net inflow of RMB 8,004,527 thousand, compared to a net outflow of RMB 345,897 thousand in Q1 2020[79]. Capital and Equity - The equity attributable to shareholders of the parent company increased by 10.23% to RMB 21.35 billion compared to the end of 2020[7]. - The bank's equity increased to CNY 21,812,867 thousand from CNY 19,673,630 thousand, reflecting an increase of 10.9%[35]. - The bank's total equity increased to RMB 21,190,073 thousand from RMB 19,219,530 thousand at the end of 2020[70]. - Core Tier 1 capital ratio decreased to 10.94% from 11.34% year-over-year[36].