2025年10月31日，浙商银行2025年第三季度业绩说明会在全景网顺利举行。出席本次业绩说明会的人员 有党委委员、副行长、董事会秘书骆峰、独立董事许永斌、行长助理、首席风险官潘华枫、行长助理侯 波。 根据全景数据后台统计，在今天的交流过程中，来自全国多个省、市地区的投资者共向上市公司提问9 个，公司嘉宾共回答问题8个，答复率88.89%，充分实现了上市公司与投资者的良好互动。 以下为业绩说明会问答实录： 回答：公司暂未回复。 2、问：面对行业"低增长、低息差"的持续挑战，贵行前三季度延续营收和净利润同比负增长，想请教 管理层主要受哪些因素影响？三季度息差收窄幅度相较不错，资产负债端是如何改善的？如何判断未来 走势？【征集问题】 回答： 尊敬的投资者，您好！2025年前三季度，我行实现营业收入489.3亿元，归母净利润116.7亿元， 同比分别下降6.8%和9.6%，整体符合年初既定的"巩固成果、夯实基础、优化结构"经营思路，也符合 当前形势下我行高质量发展需要的预算目标。 前三季度经营主要受以下几个因素影响：一是净息差仍 然处在下行通道，前三季度我行净息差1.67%，同比下降13个基点，利息净收入344.4 ...

Core Viewpoint - Zhejiang Commercial Bank's Q3 2025 report indicates stable fundamentals and a focus on quality over scale, with a net profit of 11.668 billion yuan and a non-performing loan ratio of 1.36% [2][5] Financial Performance - As of September 2025, total assets reached 3.39 trillion yuan, a 1.91% increase from the end of the previous year [2][3] - Operating income for the period was 48.931 billion yuan, with a net profit attributable to shareholders of 11.668 billion yuan, reflecting a year-on-year decline of 9.59% [5] - The bank's net interest margin stood at 1.67%, down 4 basis points from the previous year [5] Asset and Liability Management - Total liabilities increased to 3.182 trillion yuan, a growth of 1.90% from the previous year, with deposits surpassing 2 trillion yuan, growing by 7.15% [4] - The bank has shifted its asset structure towards "low risk, balanced return" to optimize its balance sheet amid narrowing interest margins [3] Risk Management - The non-performing loan ratio improved to 1.36%, a decrease of 0.02 percentage points from the end of the previous year, indicating enhanced asset quality [5] - Capital adequacy ratios remained stable, with a total capital adequacy ratio of 12.15% and a core tier 1 capital ratio of 8.40%, up 0.02 percentage points from the previous year [5] Strategic Initiatives - The bank is focusing on supporting the real economy by injecting "financial vitality" into key sectors, with a commitment to increase financing services in Zhejiang province [6] - Initiatives include the "Deepening Zhejiang" three-year action plan and the "Cross-border Protection Plan" to support private enterprises in international trade [6][7] Future Outlook - The bank aims to enhance its service capabilities to the real economy while pursuing high-quality development through digital transformation and strategic focus on Zhejiang [7]