摘要：规模护城河，不奏效了吗？（欢迎关注闺蜜财经） 01 先看A股营收降幅TOP10银行。 2025年1季度，营收下滑幅度最大的是厦门银行。作为福建省唯一上市城商行，厦门银行一季度营收同 比大跌18.42%，净利润下滑14.21%，成为下跌"重灾区"。 此前，厦门银行1季度不良贷款率攀升至0.86%，拨备覆盖率从391.95%降至313.57%，资产质量未见提 升。 厦门银行银行行长吴昕颢此前在业绩会上表示，一季度业绩波动的主要原因在于"银行间资金面收紧以 及资金中枢抬升，导致公司交易簿中相关资产的公允价值下降，进而产生账面损失"。他指出，报告期 内投资类相关业务收益显著下滑是导致同期营收下降的关键因素。 | | 序号 股票代码 股票简称 | | 相关 | 每股收 | | 营业总收入 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 益(工) | 黄业总收 | 同比增长 | 李唐环比 | | | | | | | △(エ) | (%) ( | 增长(%) | | 1 | 601187 | 厦门银行 | 详细 | 0.22 | 12.1 ...

证券代码：601187 证券简称：厦门银行 公告编号：2025-026 厦门银行股份有限公司 关于召开2024年度股东大会的通知 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： 召开地点：厦门市湖滨北路 101 号商业银行大厦 A603 会议室 至2025 年 6 月 3 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 不涉及 序号 议案名称 A 股股东 非累积投票议案 告的议案 告的议案 要的议案 的议案 的议案 决定 2025 年中期利润分配方案的议案 的议案 预计额度的议案 本次股东大会将听取以下报告： 上述议案已经公司 2025 年 4 月 28 日第九届董事会第十八次会议和第九届监 事会第十一次会议、2025 年 5 月 12 日第九届董事会第十九次会议和第九届 监事会第十二次会议审议通过，详见公司在上海证 ...

厦门银行股份有限公司 证券代码：601187 证券简称：厦门银行 公告编号：2025-026 关于召开2024年度股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024年度股东大会 召开的日期时间：2025 年 6 月 3 日 14 点 30 分 召开地点：厦门市湖滨北路 101 号商业银行大厦 A603 会议室 股东大会召开日期：2025年6月3日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 3 日 至2025 年 6 月 3 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段， ...

第九届监事会第十二次会议决议公告 厦门银行股份有限公司监事会及全体监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。 厦门银行股份有限公司（以下简称"公司"）第九届监事会第十二次会议通 知于 2025 年 5 月 6 日以电子邮件方式发出，会议于 2025 年 5 月 12 日在厦门以 现场会议方式召开，由王建平监事长召集并主持。本次会议应出席的监事 6 人， 亲自出席会议的监事 6 人。公司高级管理人员列席了会议。本次会议的召集、召 开程序符合《中华人民共和国公司法》等法律法规和《厦门银行股份有限公司章 程》的有关规定。 与会监事对议案进行了审议，形成如下决议： 证券代码：601187 证券简称：厦门银行 公告编号：2025-025 审议并通过《厦门银行股份有限公司关于 2025 年度财务预算方案的议案》 表决结果：以 6 票赞成，0 票反对，0 票弃权获得通过。 厦门银行股份有限公司 本次会议还听取了《厦门银行股份有限公司关于召开 2024 年度股东大会的 报告》。 厦门银行股份有限公司监事会 2025 年 5 月 12 日 本议案尚需提交公 ...

证券代码：601187 证券简称：厦门银行 公告编号：2025-024 厦门银行股份有限公司 第九届董事会第十九次会议决议公告 本议案尚需提交公司股东大会审议。 二、审议并通过《厦门银行股份有限公司关于聘任副行长的议案》 表决结果：以 13 票赞成，0 票反对，0 票弃权获得通过。 同意聘任张秋发为副行长，任期至第九届董事会届满之日止。简历详见附件。 本议案已经公司第九届董事会提名与薪酬委员会审议通过。独立董事对本议 案发表了同意的独立意见。 张秋发副行长的任职资格尚需报请监管部门核准。 厦门银行股份有限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。 厦门银行股份有限公司（以下简称"公司"）第九届董事会第十九次会议通 知于 2025 年 5 月 6 日以电子邮件方式发出，会议于 2025 年 5 月 12 日在厦门以 现场会议方式召开，由洪枇杷董事长召集并主持。本次会议应出席的董事 13 人， 亲自出席会议的董事 13 人。公司监事及高级管理人员列席了会议。本次会议的 召集、召开程序符合《中华人民共和国公司法》等法律法规和《厦 ...

Core Viewpoint - The performance of listed companies in Xiamen demonstrates strong profitability and growth potential, contributing significantly to the stability of the regional economy, with 68 companies achieving a combined net profit of 3.816 billion yuan in Q1 2025 [2]. Group 1: Financial Performance - 68 listed companies in Xiamen reported a total net profit of 3.816 billion yuan in Q1 2025, with 62 companies profitable, representing over 90% [2]. - 38 companies experienced year-on-year profit growth, accounting for nearly 60% of the total [2]. - 17 companies reported profits exceeding 100 million yuan, highlighting the strong financial performance of the Xiamen market [2]. Group 2: Top Performing Companies - Xiamen Bank led with a net profit of 645 million yuan, with management expecting a gradual increase in return on investment (ROI) throughout the year [9]. - Jianfa Co. achieved a net profit of 584 million yuan, with total revenue reaching 143.773 billion yuan, a year-on-year increase of 9.47% [9]. - Yilian Network reported a net profit of 562 million yuan, with total revenue of 1.205 billion yuan, reflecting a year-on-year growth of 3.57% [9]. Group 3: Emerging Industries - Weike Technology's revenue reached 539 million yuan, a year-on-year increase of 64.37%, with net profit doubling to 77.3928 million yuan [11]. - Tebao Bio's revenue was 673 million yuan, up 23.48%, with a net profit of 182 million yuan, reflecting a 41.40% increase [12]. - Huamao Technology reported revenue of 537 million yuan, a 14.37% increase, with net profit rising by 60.34% to 86.4219 million yuan [12]. Group 4: Strategic Developments - Xiamen Xiangyu's net profit was 509 million yuan, a year-on-year increase of 24.88%, supported by improved risk management and financial structure [10]. - Companies are enhancing profitability through upstream and downstream integration and optimizing product structures, with Weike Technology focusing on high-performance precision molds for emerging industries [12].

2025 年 5 月 7 日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 5 月 15 日（周四）15：40-17:00。届时 公司部分董事及高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营 状况、融资计划和可持续发展等投资者关心的问题，与投资者进行沟通与交流， 欢迎广大投资者踊跃参与。 特此公告。 厦门银行股份有限公司董事会 证券代码：601187 证券简称：厦门银行 公告编号：2025-023 厦门银行股份有限公司 关于参加厦门辖区上市公司 2024 年年报业绩说明会 暨投资者网上集体接待日活动的公告 厦门银行股份有限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。 为进一步加强与投资者的互动交流，厦门银行股份有限公司（以下简称"公 司"）将参加由厦门证监局、厦门上市公司协会与深圳市全景网络有限公司联合 举办的"厦门辖区上市公司 2024 年年报业绩说明会 ...

Group 1: Core Insights - Xiamen Bank is implementing a "2+3" five-year development strategy focusing on short, medium, and long-term goals, emphasizing market segmentation, asset growth, and customer management [1] - The bank's total assets surpassed 400 billion yuan by the end of 2024, with operating income of 5.76 billion yuan and net profit of 2.59 billion yuan, maintaining stable performance [1] - The bank's management expressed confidence in the long-term sustainability of positive factors despite short-term performance fluctuations [3] Group 2: Interest Margin Management - Xiamen Bank anticipates stabilization and potential improvement in net interest margin (NIM) this year, with NIM contributing over 70% to operating income [2] - The bank has reduced the average scale of low-yield notes by 12.62% and decreased high-interest deposits, leading to a 30 basis points decline in deposit cost rate year-on-year [2] - The bank expects NIM to stabilize this year, with improvements anticipated as deposit costs continue to decline [2] Group 3: Performance Fluctuations - In Q1 2024, Xiamen Bank reported operating income of 1.214 billion yuan and net profit of 650 million yuan, reflecting some volatility [3] - The decline in revenue was primarily due to decreased investment-related income and tighter interbank liquidity, impacting the fair value of bond assets [3] - Despite a decrease in net interest income due to narrowing interest margins, management is optimistic about recovery [3] Group 4: Loan and Deposit Growth - In Q1 2024, Xiamen Bank's total deposits and general loan scales grew by 3.4% and 2.8%, respectively, marking a significant achievement in traditional business growth [4] - The bank plans to increase general corporate loans in the coming quarters, focusing on high-yield and high-quality sectors [4] - The bank's corporate loan growth is expected to exceed last year's total by the first half of 2025 [4] Group 5: Asset Quality Management - Xiamen Bank's non-performing loan (NPL) ratio decreased to 0.74% by the end of 2024, with a non-performing loan balance of 1.512 billion yuan, indicating strong asset quality [5] - The bank is managing credit risks effectively, particularly in high-risk sectors like real estate, with a focus on maintaining a high provision coverage ratio [6] - The bank's management remains confident in asset quality for 2025, despite some short-term pressures [7] Group 6: Cross-Strait Financial Services - Xiamen Bank has seen significant growth in cross-strait financial services, with a nearly 20% increase in Taiwan enterprise clients and a 17% increase in Taiwan resident clients by the end of 2024 [7] - The bank aims to enhance its coverage of Taiwan enterprises and residents, recognizing their substantial contribution to overall business [7] - The bank plans to expand its financial services to supply chain financing for Taiwan businesses beyond the current regions [7]

Investment Rating - The report maintains a positive outlook on the banking sector, highlighting it as a low-volatility dividend play in a counter-cyclical environment and a strong performer in absolute returns during a pro-cyclical phase [6]. Core Insights - The first quarter of 2025 saw a decline in both revenue and net profit for listed banks, with revenue and net profit down 1.7% and 1.2% year-on-year, respectively. The main reasons for this decline were the expected decrease in interest margins and pressure from non-interest income [3][12]. - Loan growth has remained stable, with a year-on-year increase of 7.9% in the first quarter. Notably, banks in Jiangsu and Zhejiang, as well as Chengdu, continue to show strong economic performance, while Chongqing has emerged as a new growth area with loan growth exceeding 16% [3][4]. - The average net interest margin for listed banks was 1.54% in the first quarter, reflecting a slight quarter-on-quarter increase of 2 basis points, supported by a decrease in the cost of interest-bearing liabilities [4][12]. - The non-performing loan (NPL) ratio for listed banks decreased to 1.23%, with an estimated annualized NPL generation rate of approximately 0.63% [5][19]. - The report emphasizes the importance of focusing on high-dividend yield banks, particularly those with solid provisions and growth opportunities in favorable policy environments [6][19]. Summary by Sections Performance Overview - The first quarter of 2025 saw a significant impact from the decline in interest margins and non-interest income, leading to a negative growth in both revenue and profit for listed banks [10][12]. - The report indicates that the performance of state-owned banks was below expectations, while city and rural commercial banks generally met expectations [3][19]. Loan and Credit Analysis - Loan growth has been stable, with a year-on-year increase of 7.9% in the first quarter. The report highlights that the demand for loans from small and medium-sized enterprises has weakened, affecting the growth rates of rural commercial banks [3][4]. Interest Margin and Cost Analysis - The report notes that the average net interest margin for listed banks improved slightly, with a quarter-on-quarter increase attributed to a reduction in the cost of interest-bearing liabilities [4][12]. Asset Quality and Risk Management - The NPL ratio for listed banks decreased to 1.23%, with proactive measures taken to manage and dispose of non-performing assets [5][19]. - The report indicates that the retail sector is experiencing some risk exposure, but overall asset quality remains stable [5][19]. Investment Recommendations - The report recommends focusing on banks with high dividend yields and solid fundamentals, particularly those that are well-positioned to benefit from favorable policy changes [6][19].

一季度营收及净利润下滑 根据一季报数据，厦门银行今年一季度的投资收益相关收入较去年同期减少了2.03亿元，去年同期该收 入为3.8亿元。与此同时，报告期内，厦门银行实现营业收入12.14亿元，实现归属于母公司股东的净利 润6.45亿元，均呈现下滑态势。 厦门银行董事长洪枇杷日前在该行举行的业绩会上表示，2025年，在银行业"低利率、低息差"格局持续 的背景下，厦门银行也进入了战略转型的关键时期。 厦门银行行长吴昕颢表示，一季度业绩波动的主要原因在于"银行间资金面收紧以及资金中枢抬升，导 致公司交易簿中相关资产的公允价值下降，进而产生账面损失"。他指出，报告期内投资类相关业务收 益显著下滑是导致同期营收下降的关键因素。 今年一季度，债券市场收益率整体呈现波动上行态势。中债10年期国债到期收益率从年初的1.6%低位 震荡攀升至约1.9%。受这一市场变化影响，众多商业银行在投资收益方面出现账面浮亏的情况。 净利息收入的变化同样备受关注，根据一季报数据，由于息差收窄，厦门银行净利息收入同比减少了 4600万元。对此，洪枇杷称，息差收入在该行营业收入中占比超70%，是推动营收增长的核心动 力，"只有稳住息差，才能确保效 ...