XIANMEN BANK(SH:601187) Xin Lang Cai Jing·2025-04-30 13:09Core Viewpoint - Xiamen Bank is implementing a "2+3" five-year development strategy that balances short, medium, and long-term goals, focusing on market segmentation, asset growth, interest margin control, and customer management [1] Group 1: Financial Performance - As of the end of 2024, Xiamen Bank's total assets exceeded 400 billion yuan, with operating income of 5.759 billion yuan, a year-on-year increase of 2.79%, and a net profit attributable to shareholders of 2.595 billion yuan, a year-on-year decrease of 2.6% [1] - In Q1 2024, Xiamen Bank reported operating income of 1.214 billion yuan and a net profit of 645 million yuan, both showing a decline compared to the same period last year [2] - The bank's net interest income decreased by 46 million yuan in Q1, a decline of 4.63%, primarily due to a decrease in net interest margin [2] Group 2: Loan Strategy - By the end of 2024, Xiamen Bank's corporate loans (excluding bills) amounted to 122.09 billion yuan, retail loans at 70.458 billion yuan, and financial investments at 144.59 billion yuan, representing 30%, 17%, and 36% of total assets, respectively [3] - The bank aims to increase the proportion of corporate general loans and optimize the structure of corporate credit, focusing on high-yield, high-quality, and resilient sectors [4] - The bank's corporate general loan growth rates were 7.38% and 9.2% over the past two years, with expectations for accelerated growth in 2024 [4] Group 3: Interest Margin Management - Xiamen Bank's net interest margin was 1.13% at the end of 2024, a decrease of 15 basis points from the previous year, with a focus on stabilizing this margin moving forward [3] - The bank plans to manage deposit costs effectively and adjust asset structures to stabilize net interest margins [3] - The bank's strategy includes enhancing the efficiency of corporate demand deposits and reducing the cost of liabilities as high-cost fixed deposits mature [2][4] Group 4: Strategic Planning - The "2+3" strategy emphasizes stability, progress, and establishing a solid foundation for sustainable development, with a focus on improving key performance indicators [5] - The bank aims to enhance its operational capabilities through technology empowerment, product innovation, and optimizing institutional mechanisms [6]