Zheshang Bank's Q3 2025 financials show profit dip amid major related-party credit deals

China Zheshang Bank reported its third-quarter 2025 financials, with total assets rising by 1.91% from year-end 2024 to RMB3,389.012 bn. Operating income for the first nine months reached RMB48.931 bn, a 6.78% year-on-year decrease, while net profit attributable to shareholders was RMB11.668 bn, down 9.59%. The bank's non-performing loan ratio decreased to 1.36%, and the capital adequacy ratio stood at 12.15%.

On October 30, 2025, the bank's board approved multiple related-party transactions, including granting substantial comprehensive credit lines. Zhejiang Provincial Innovation Investment Group and its related parties received an aggregate credit limit of RMB151.36 bn. China Taiping Insurance Group and its related parties were granted RMB137.45 bn.

Additionally, Zhejiang Hengyi Group and its related entities were approved for a RMB50 bn comprehensive credit limit. Zhejiang Zheshang Financial Leasing, a subsidiary, received a RMB200 bn credit line, and Shaoxing Keqiao District State-owned Assets Holding Group and its related parties obtained a RMB99 bn limit. These transactions are considered normal business operations and are not expected to materially impact the bank's financial condition or operations.