The largest shareholder of 330 billion City Commercial Bank changed.
On March 3, Xiamen Bank Co.Ltd(601187) issued a suggestive announcement on the proposed transfer of shares held by the largest shareholder. Jinyuan group transferred 480 million Xiamen Bank Co.Ltd(601187) shares held by Xiamen Finance Bureau, or will become the largest shareholder of Xiamen Bank Co.Ltd(601187) .
Jinyuan group or Xiamen Bank Co.Ltd(601187) largest shareholder
On March 3, Xiamen Bank Co.Ltd(601187) announced that it had recently received a written notice from Xiamen Finance Bureau, the largest shareholder of the company, that according to the requirements of Xiamen municipal Party committee and Xiamen Municipal People’s government, all 480 million shares of the company held by Xiamen Finance Bureau would be transferred to Xiamen Jinyuan Investment Group Co., Ltd.
Xiamen Bank Co.Ltd(601187) said that the above matters may lead to the change of the largest shareholder of the company, and the situation that the company has no controlling shareholder and no actual controller remains unchanged.
If calculated according to the latest closing price of 6.68 yuan / share, the value of this equity transfer will exceed 3.2 billion yuan.
In addition, Xiamen Bank Co.Ltd(601187) also suggested that there is uncertainty because all legal procedures for the above matters have not been completed, so investors are reminded to invest rationally and pay attention to investment risks. The company will continue to follow up the progress of the above matters and fulfill the obligation of information disclosure in time.
Jinyuan group is a municipal state-owned financial holding group
the scale of financial assets under management of has exceeded 400 billion yuan
It is understood that Xiamen Jinyuan Investment Group Co., Ltd. (hereinafter referred to as “Jinyuan group”) is a municipal state-owned financial holding group established by Xiamen municipal Party committee and Xiamen municipal government, with the Municipal Finance Bureau as the sole contributor. The group was established on July 28, 2011.
Up to now, Xiamen Jinyuan has the financial licenses of Xiamen International Trust, the only trust legal person in Xiamen, Jinyuan unified securities, the first cross-strait joint venture securities company in China, jinmeixin consumer finance, the first cross-strait joint venture consumer finance company in China, Yuanxin Yongfeng, the first cross-strait joint public fund company in Fujian, and Xiamen venture capital, the manager of Xiamen Industrial Investment Fund Xiamen financing guarantee, the largest policy guarantee institution in Fujian Province, Xiamen’s first local AMC Xiamen asset management, regional financial factor market Xiamen property right trading center, cross-strait equity trading center and other local financial licenses filed by the CBRC.
After ten years of hard work, Jinyuan group has formed 60 categories and 143 financial service products covering the whole life cycle of the enterprise, including trust services, equity investment, inclusive finance, asset management, guarantee leasing and so on.
According to the data, by the end of 2021, the scale of financial assets managed by the group had exceeded 400 billion yuan, and the average annual compound growth rate of various main business indicators and taxes paid was more than 30%. Jinyuan group said that it hoped that by 2025, the group could achieve an average annual compound growth rate of about 10% of its total profits and manage financial assets of about 600 billion yuan.
Xiamen Bank Co.Ltd(601187) the second largest shareholder is Fubang financial holding
become the first city commercial firm with Taiwan capital background in mainland China
By the end of the third quarter of last year, the largest shareholder of Xiamen Bank Co.Ltd(601187) was Xiamen Finance Bureau, accounting for 18.19%. In addition, Fubang Financial Holding Co., Ltd., Beijing Shengda Xingye Real Estate Development Co., Ltd. and Fujian Fujian Septwolves Industry Co.Ltd(002029) Group Co., Ltd. all held more than 5%, 17.95%, 9.59% and 8.01% respectively.
It is understood that in 2008, Xiamen Bank Co.Ltd(601187) introduced Fubon Bank (Hong Kong) Co., Ltd., a subsidiary of Fubon Financial Holding, as an overseas strategic investor and became the first urban commercial bank with Taiwan funded background in the mainland. After 2008, the presidents of Xiamen Bank Co.Ltd(601187) were appointed by Fubon Financial Holding and were senior people in Taiwan’s financial industry.
On November 30, 2018, Taiwan Fubon Financial Holding completed the transfer of Xiamen Bank Co.Ltd(601187) shares held by its subsidiary Fubon Bank (Hong Kong) Co., Ltd., becoming Xiamen Bank Co.Ltd(601187) the second largest shareholder.
Currently, President Xiamen Bank Co.Ltd(601187) is Wu Xinhao, China Taiwan, and has a bachelor’s degree. He has successively served as the manager of Taiwan Eden international advertising company, the senior vice president of Taiwan McDonald’s restaurant, the senior deputy general manager of China Trust Commercial Bank, and the executive deputy general manager of Taipei Fubang Commercial Bank Co., Ltd.
Xiamen Bank Co.Ltd(601187) 2021 net profit increased by 19% year on year
share price has been “halved”
On January 27, Xiamen Bank Co.Ltd(601187) released the performance express for 2021, which showed that in 2021, Xiamen Bank Co.Ltd(601187) achieved an operating revenue of 5.28 billion yuan, a year-on-year decrease of 4.95%, mainly due to the fact that the data of the same period of last year included the revenue of bill asset management business recovered by the bank through litigation. After excluding the above incomparable factors, the operating revenue increased by 8.84% year-on-year; The net profit attributable to shareholders of listed companies was 2.162 billion yuan, a year-on-year increase of 18.65%.
By the end of 2021, Xiamen Bank Co.Ltd(601187) total assets were 329306 billion yuan, an increase of 15.49% over the beginning of the year; The net assets per share attributable to ordinary shareholders of listed companies were 7.67 yuan, an increase of 10.28% over the beginning of the year.
In terms of asset quality, by the end of 2021, the non-performing loan ratio was 0.91%, down 0.07 percentage points from the beginning of the year; The provision coverage rate was 370.25%, an increase of 2.22 percentage points over the beginning of the year.
Xiamen Bank Co.Ltd(601187) said that in 2021, the bank’s operating profit and total profit increased by 30.52% and 30.45% respectively over the same period of the previous year, mainly due to the increase in net interest income caused by the growth of the bank’s business scale, and the increase in the collection and disposal of non-performing assets due to the improvement of the bank’s overall asset quality, the increase in the collection and disposal of non-performing assets and the decrease in the provision for impairment in the current period.
For the future development plan, Xiamen Bank Co.Ltd(601187) in a recent institutional survey, said that in 2022, we will adhere to the principle of stability and seek progress in stability, pay attention to the high-quality development of banks, and realize the steady growth of scale and net profit on the basis of ensuring quality and efficiency. At the same time, we will continue to improve our corporate, retail, cross-strait and capital business capabilities, continue to make efforts in Inclusive Finance, wealth management, consumer finance, trading banks, investment banks, cross-strait finance and agency business, and continue to enrich FA, PS, TMU and Taiwan business service teams. At the same time, BQD attaches great importance to the development of green finance and increases the target setting, resource preference and assessment of green credit.
On October 27, 2020, Xiamen Bank Co.Ltd(601187) was listed on the main board of Shanghai Stock Exchange at an issue price of 6.71 yuan / share. However, the bank’s share price performance has been unsatisfactory, and the current high point of the share price has fallen by more than 51%. So far, the stock has reported 6.68 yuan, with a total market value of 17.629 billion yuan.
