China Zheshang Bank (2016) Q3 2026 earnings summary

Executive summary

• 9M 2026 operating income rose 0.64% YoY to RMB49.271bn; net profit attributable to shareholders rose 0.96% to RMB11.780bn.

• Assets expanded 6.39% from Dec. 31, 2025, while customer deposits grew 7.27% and loans grew 4.80%.

Financial highlights

• 9M operating income was RMB49.271bn vs RMB48.958bn; profit before tax was RMB15.246bn vs RMB15.269bn.

• Net interest income declined 2.95% YoY to RMB33.422bn; net non-interest income increased 9.15% to RMB15.849bn.

• Net profit attributable to shareholders was RMB11.780bn vs RMB11.668bn; basic and diluted EPS were RMB0.43 vs RMB0.42.

• Operating expenses increased to RMB15.429bn from RMB14.445bn; expected credit losses fell to RMB18.449bn from RMB19.244bn.

• Net cash generated from operating activities was RMB90.889bn, compared with RMB33.355bn used in 9M 2025.

Key financial ratios and metrics

• Annualized NIM was 1.55%, down 0.12 percentage point YoY; net interest spread was 1.41%, down 0.11 point.

• Annualized ROA was 0.46%, down 0.02 point; annualized return on weighted average net assets was 8.66%, down 0.16 point.

• Cost-to-income ratio was 29.77%, up 1.40 percentage points YoY.

• NPL ratio was 1.36%, flat vs year-end 2025; allowance/NPL coverage was 155.96%, up 0.59 point, and allowance/loans was 2.12%, up 0.01 point.

• Group capital adequacy ratio was 12.83%, tier-one ratio 10.90%, and core tier-one ratio 8.38% at Sept. 30, 2026.