China Zheshang Bank (the Bank) has disclosed its third quarterly report for 2025. According to the announcement, the Bank recorded operating income of RMB48.958 billion from January to September 2025, representing a 6.78% decrease compared to the same period last year. Within that figure, net interest income amounted to RMB34.438 billion, while net non-interest income reached RMB14.520 billion.

During the period, net profit attributable to shareholders of the Bank totaled RMB11.668 billion, down 9.59% from the corresponding period in 2024. The Bank reported a net interest margin of 1.67%, which was 0.13 percentage point lower than the preceding year. Its cost-to-income ratio stood at 28.37%, showing a slight improvement of 0.33 percentage point compared to a year earlier.

As of September 30, 2025, the Bank’s total assets had grown to RMB3,389.012 billion, marking a 1.91% increase from the end of 2024. Total liabilities rose to RMB3,182.278 billion, up 1.90% from the previous year-end. Within liabilities, customer deposits expanded by 7.15% to RMB2,059.773 billion, while total loans and advances to customers stood at RMB1,896.272 billion, up 2.11% from the end of 2024.

Asset quality indicators showed that non-performing loans amounted to RMB25.661 billion, a rise of RMB167 million compared with the end of 2024. The non-performing loan ratio moved slightly lower to 1.36%. The Bank’s allowance to non-performing loan ratio stood at 159.56%, and allowance to total loans ratio was 2.17%, which decreased by 19.11 percentage points and 0.29 percentage point, respectively, compared with the end of 2024.

Regarding regulatory capital, China Zheshang Bank’s capital adequacy ratio was 12.15% as of September 30, 2025, decreasing 0.46 percentage point from the end of last year. Over the same period, the tier-one capital adequacy ratio stood at 9.61%, holding steady against the end of 2024, while the core tier-one capital adequacy ratio marginally increased by 0.02 percentage point to 8.40%.