XIANMEN BANK(SH:601187) Huan Qiu Wang·2025-11-05 03:52Core Viewpoint - Xiamen Bank has reported strong financial performance in its latest quarterly results, showcasing significant growth in revenue and net profit, particularly in the third quarter, while maintaining a robust dividend policy since its IPO five years ago [1][4][10] Financial Performance - For the first three quarters, Xiamen Bank achieved a revenue of 42.87 billion yuan, a year-on-year increase of 3.02%, and a net profit attributable to shareholders of 19.39 billion yuan, up 0.25% [4] - In Q3 alone, the bank's revenue reached 15.98 billion yuan, reflecting a substantial year-on-year growth of 25.88%, with net profit increasing by 8.41% to 7.81 billion yuan [4] - The bank's net interest income, a key revenue component, amounted to 30.91 billion yuan, showing a recovery growth of 3.63% [4] Asset Growth - As of the end of September, Xiamen Bank's total assets reached 442.56 billion yuan, marking an 8.52% increase from the previous year [5] - The bank's loan and advance totalled 234.52 billion yuan, up 14.15%, while total deposits reached 238.10 billion yuan, increasing by 11.18% [5] Asset Quality - Xiamen Bank maintained a low non-performing loan ratio of 0.80%, well below the industry average, and a high provision coverage ratio of 304.39%, indicating strong risk mitigation capabilities [6] Dividend Policy - The bank announced a mid-term dividend plan for 2025, proposing a total cash dividend of 369 million yuan, representing a payout ratio of 31.91% of the net profit attributable to shareholders [2][4] - Since its IPO, Xiamen Bank has distributed a total of 3.536 billion yuan in cash dividends, nearly double the amount raised during its IPO [2] Strategic Focus - Xiamen Bank is committed to serving the local economy and small and medium-sized enterprises, with a focus on expanding its market presence and optimizing financial services [1][10] - The bank has established a specialized service system for technology enterprises and has issued the first technology innovation bond in Fujian province, indicating its support for innovation and high-quality development [7] Unique Positioning - As the first city commercial bank in mainland China with Taiwanese capital, Xiamen Bank has developed a unique business model in cross-strait financial cooperation, establishing a dedicated "Taiwanese Business Financial Department" [8]