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Zhejiang-based national joint-stock bank focused on serving private and SME enterprises across China.
Zhejiang-based national joint-stock bank focused on serving private and SME enterprises across China.
Earns mainly from the spread between loan interest and deposit costs, with corporate loans the larger book. Its business is concentrated in Zhejiang and the surrounding Yangtze Delta region. It listed first in Hong Kong in 2019 and then in Shanghai in 2020.
Moat: narrow (scale, regulatory licence). National banking licence with a private/SME-lending focus typical of China's newer joint-stock banks.
Headquarters: Hangzhou, Zhejiang, China · Founded: 2004 · Employees: 25,016
Size China Zheshang Bank (601916.SS) is a China Financials company (Major Banks) with a market value of $11.2B, the 222nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.92 on 6 Nov 2026.
Performance Over six months the shares fell 1.7%, against +3.8% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 3.6% over the last twelve months (peer median +3.6%); the operating margin is 23.9% (peer median 43.4%).
Valuation It trades at 0.44× book value against a peer median of 1.14× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 2.0%; China Zheshang Bank delivers 7.2%, so the price asks less than the business earns today.
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥119B | CN¥120B | CN¥134B | CN¥127B | CN¥117B |
| Revenue growth | — | -10% | +6% | +9% | — |
| Net income | CN¥13.0B | CN¥12.0B | CN¥14.2B | CN¥14.1B | CN¥11.8B |
| Free cash flow | CN¥180B | -CN¥8.95B | -CN¥5.13B | CN¥62.0B | CN¥41.4B |
| Capital expenditure | CN¥4.01B | CN¥9.14B | CN¥10.7B | CN¥9.88B | CN¥5.39B |
| Total debt | CN¥1.10T | CN¥1.15T | CN¥1.14T | CN¥1.05T | CN¥757B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| China Zheshang Bank 601916.SS | $11.2B | -2% | -4% | 7% | 0.44× | 2.0% |
| China Everbright Bank 601818.SS | $26.6B | +1% | -7% | 7% | 0.36× | 1.8% |
| Hua Xia Bank 600015.SS | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% |
| China Minsheng Banking 600016.SS | $21.3B | -8% | -10% | 4% | 0.26× | 1.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601916.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | +3.3% | 5th lowest of 21 |
| 6-month return | -1.7% | +3.8% | 6th lowest of 21 |
| Return on equity | 7.2% | 11.8% | 2nd lowest of 21 |
| Price / book | 0.44× | 1.14× | 4th cheapest of 21 |
| Trailing P/E | 6.2× | 10.1× | 5th cheapest of 20 |
| ROE the price implies | 2.0% | 11.7% | 2nd least demanding of 21 |
| ROE delivered | 7.2% | 11.8% | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China Zheshang Bank 601916.SS | China | $11.2B | -2% | -4% | 7% | 0.44× | 2.0% | 7.2% |
| Canara Bank CANBK.NS | India | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% | 16.8% |
| Shinkin Central Bank Pfd Subs Cert 8421.T | Japan | $10.3B | -1% | +47% | 3% | 1.02× | 4.4% | 3.0% |
| UMB Financial UMBF | United States | $10.2B | +2% | +17% | 14% | 1.34× | 11.2% | 13.5% |
| SouthState Bank SSB | United States | $10.1B | +8% | +18% | 10% | 1.11× | 9.3% | 10.3% |
| Indian Bank INDIANB.NS | India | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% | 16.1% |
| Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONP | United States | $9.72B | -16% | +4% | 16% | 0.31× | 4.0% | 16.5% |
| Shanghai Rural Commercial Bank 601825.SS | China | $13.1B | +1% | -8% | 10% | 0.65× | 2.5% | 9.6% |
| Unicaja Banco UNI.MC | Spain | $9.53B | +20% | -3% | 10% | 1.34× | 12.2% | 10.1% |
| Old National Bancorp ONB | United States | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% | 11.5% |
| Bank of Baroda BANKBARODA.NS | India | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% | 11.8% |
| AL Sydbank A/S ALSYDB.CO | Denmark | $9.20B | +37% | +27% | 10% | 1.78× | 6.3% | 9.6% |
| IDBI Bank IDBI.NS | India | $9.04B | +5% | +3% | 12% | 1.18× | 26.1% | 11.8% |
| Jyske Bank A/S JYSK.CO | Denmark | $9.02B | +25% | +3% | 10% | 1.32× | 5.3% | 10.3% |
| Federal Bank Ltd. (India) FEDERALBNK.NS | India | $8.81B | +14% | +11% | 13% | 1.97× | 27.7% | 13.1% |
| Bankinter BKT.MC | Spain | $14.5B | +4% | 0% | 18% | 1.87× | 12.4% | 17.6% |
| Union Bank of India UNIONBANK.NS | India | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% | 16.3% |
| Huishang Bank 3698.HK | Hong Kong | $8.31B | -8% | +1% | 11% | 0.36× | 3.8% | 10.7% |
| FinecoBank FBK.MI | Italy | $15.4B | +3% | +5% | 32% | 5.71× | 43.8% | 32.3% |
| Punjab National Bank PNB.NS | India | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% | 15.1% |
| Hua Xia Bank 600015.SS | China | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% | 7.6% |