China Zheshang Bank (2016) Q4 2025 earnings summary

Executive summary

• Total assets reached RMB3.48 trillion, up 4.68% year-over-year; customer deposits rose 6.30% to RMB2.04 trillion.

• Operating income was RMB62.558 billion, down 7.60% year-over-year; net profit attributable to shareholders was RMB12.931 billion, down 14.85%.

• Non-performing loan (NPL) ratio improved to 1.36%, with allowance to NPLs at 155.37%.

• The bank maintained a strong presence in Zhejiang, with financing services in the province reaching RMB1.18 trillion.

Financial highlights

• Net interest income: RMB44.459 billion, down 1.55% year-over-year.

• Net non-interest income: RMB18.099 billion, down 19.72% year-over-year.

• Operating expenses: RMB22.049 billion, up 0.55% year-over-year; cost-to-income ratio increased to 34.04%.

• Impairment losses: RMB24.380 billion, down 13.53% year-over-year.

• Basic and diluted EPS: RMB0.44, compared to RMB0.52 last year.

Outlook and guidance

• The bank expects continued macroeconomic uncertainty in 2026 but anticipates stable growth, focusing on digital transformation, risk management, and high-quality development.

• Strategic focus remains on Zhejiang, technological innovation, and serving the real economy.