On March 30, CZBANK, a &#34;backbone&#34; among joint-stock banks, released its 2025 annual performance report.
The report shows that in 2025, the bank made steady progress and effectively responded to economic cycle fluctuations, with overall operating indicators remaining stable. As of the end of 2025, total assets reached 3.48 trillion yuan, an increase of 4.68% from the end of the previous year; operating revenue was 625.14 billion yuan, and net profit attributable to shareholders of the Bank was 129.31 billion yuan. Asset quality improved steadily, with the NPL Ratio decreasing by a further 0.02 percentage points compared to the end of the previous year.
Behind these financial results, CZBANK's adherence to long-termism has become increasingly prominent in recent years. By following the operating principles of commercial banks, forging professional operational capabilities, and avoiding short-term gains at the expense of excessive scale expansion or risk, the bank has solidified its foundation for long-term development—a strategic approach clearly reflected in this annual report.
<h2>Business Operations: Distinctive Features of Structural Adjustment and Compliance Strengthening</h2>
The annual report indicates that in 2025, CZBANK took action on both sides of its balance sheet to stabilize foundations, adjust structure, strengthen compliance, and control risks, resulting in relatively steady performance across various indicators.
As of the end of 2025, total assets were 3.48 trillion yuan, up 4.68% from the end of the previous year, including total loans and advances of 1.92 trillion yuan, an increase of 3.53% from the end of the previous year. Total liabilities were 3.27 trillion yuan, up 4.83% from the end of the previous year, with a customer deposit balance of 2.04 trillion yuan, an increase of 6.30% from the end of the previous year. The bank continued to suppress the interest rate paid on deposits, with the average interest rate paid on deposits decreasing by 32 BP compared to the previous year.
In 2025, the bank focused on structural optimization as a key driver, strictly controlling credit entry thresholds and accelerating the resolution of existing risks, which kept asset quality on a steady and improving trend.
The annual report mentioned that in 2025, the bank implemented the risk philosophy of &#34;low risk, balanced returns,&#34; proactively adjusted asset allocation, and reduced high-risk assets such as real estate and online lending, laying a foundation for medium-to-long-term asset quality.
<h2>Asset Quality: Structural Optimization as a Key Driver</h2>
In terms of asset quality, CZBANK focused on structural optimization throughout 2025, strictly controlling credit entry thresholds and accelerating the resolution of existing risks, ensuring asset quality remained steady with an upward trend. As of the end of 2025, the NPL Ratio was 1.36%, a decrease of 0.02 percentage points from the end of the previous year. While continuing to strengthen risk disposal efforts, indicators such as provision coverage ratio and capital adequacy ratio continued to meet regulatory requirements, maintaining strong risk-offsetting capabilities.
In terms of profitability, affected by asset structure adjustments and bond market volatility, the bank achieved operating revenue of 625.14 billion yuan, a decrease of 7.59% from the previous year. Among this, net interest income and non-interest net income were 44.459 billion yuan and 18.055 billion yuan, respectively, with trends consistent with industry peers. Net profit attributable to shareholders of the Bank was 129.31 billion yuan, a decrease of 14.85% from the previous year.
Facing the cyclical challenges of &#34;low growth, low demand, and low interest margins&#34; in the industry, the bank's overall operations have entered a critical stage of structural adjustment and profitability restoration. &#34;Pressure on the profit end mainly stems from factors such as declining interest rates, market volatility, and making concessions to the real economy,&#34; noted CZBANK's management. In 2025, the bank achieved a full-year net interest margin of 1.60%, a decrease of 11 BP from the previous year, with the rate of decline narrowing significantly compared to the previous year.
<h2>Strategic Analysis: Responding to Cyclical Fluctuations with Professional Governance</h2>
Notably, CZBANK repeatedly emphasized &#34;long-termism&#34; and &#34;professional governance&#34; in its annual report. Facing profit-side pressures, the bank's new leadership team followed the operating principles of commercial banks and adopted a long-term strategic perspective. By insisting on professional judgment, professional decision-making, and professional operations, and by promoting the &#34;1155&#34; operating strategy, the bank built certainty for long-term development and achieved a smooth transition.
The &#34;1155&#34; operating strategy is summarized as &#34;one main line, one capability, five-dimensional coordination, and five groups of linkages.&#34; Specifically, this means &#34;adhering to one main operational line: customer-centric integrated operations; enhancing one basic capability: enterprise-level industrial research capability; coordinating five operational dimensions: customer segments, risks, structure, profitability, and scale; and strengthening five linkages: corporate and financial markets, stock and flow, interest and non-interest, domestic and overseas, and basic and value-added services.&#34;
In terms of specific paths, the bank aims to achieve high-quality development by expanding corporate banking, solidifying retail banking, and strengthening financial markets to promote business complementarity and integrated operations.
Specifically, by the end of 2025, the bank's total corporate loans and advances increased by 6.55% year-on-year to 1.33 trillion yuan. Retail AUM reached 770.369 billion yuan, an increase of 22.91% from the beginning of the year, marking a new high for the same period in nearly five years. The bank served over 290,000 corporate clients, an increase of 11.83% from the beginning of the year. The number of individual customers (including debit and credit card holders) reached 18.6082 million, with 6.94 million new customers added throughout the year—3.5 times the previous year's figure. The &#34;customer-centric strategy&#34; has been effectively implemented.
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CZBANK released its 2025 performance report, showing operating revenue of 625.14 billion yuan, net profit of 129.31 billion yuan, and total assets reaching 3.48 trillion yuan, an increase of 4.68%. The bank adheres to long-termism, optimizes its asset structure, reduces high-risk assets, and maintains an NPL Ratio of 1.36%. Overall operating indicators remain steady, demonstrating strong core business stability

- On March 30, Zheshang Bank released its 2025 performance report, showing total assets of 3.48 trillion yuan, a 4.68% increase from the previous year, and a net profit of 12.93 billion yuan.  
- The bank emphasized a long-term strategy focused on stability and compliance, maintaining a steady decline in non-performing loans to 1.36%.  
- Despite facing industry challenges, including low growth and interest margins, the bank's customer base grew significantly, reflecting the effectiveness of its customer-centered approach.

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CZBANK Releases 2025 Performance Report: Revenue Exceeds 62.5 Billion, Net Profit at 12.9 Billion Yuan, Core Business Stability Stands Out