Ningbo Bank's "seven consecutive championships" average daily earnings exceed 80 million yuan.

This is republished from: Qianjiang Evening News

The Zhejiang A-share stocks that made the most money in 2025 are out

Ningbo Bank wins “seven straight crowns,” earning more than RMB 80 million per day on average

Our reporter Wang Yanping

The annual reports of A-share listed companies for 2025 are gradually coming in at a steady pace.

On the evening of March 30, as Zhejiang Shashang Bank formally disclosed its annual report, the ranking among the top Zhejiang A-share listed companies (hereinafter referred to as “Zhejiang A-shares”) that make the most money was basically settled. Ningbo Bank continues to sit atop the list and has now secured “seven consecutive crowns.” Hangzhou Bank has remained in the runner-up position for two consecutive years. The companies in third and fourth place are Hikvision and Zhejiang Shashang Bank, respectively.

Ningbo Bank’s “seven straight crowns” — Hikvision returns to the top three

According to Zhejiang Shashang Bank’s annual report, in fiscal year 2025, the company achieved operating revenue of RMB 62.514 billion, down 7.59% year over year; net profit attributable to shareholders of the parent company was RMB 12.931 billion, down 14.85% year over year; after deducting non-recurring gains and losses, net profit was RMB 13.247 billion, down 12.84% year over year.

Before that, on January 21, Ningbo Bank released an earnings fast report, stating that in full-year 2025 it achieved operating revenue of RMB 71.968 billion, up 8.01% year over year; net profit attributable to shareholders of the parent company was RMB 29.333 billion, up 8.13% year over year. Based on this estimate, Ningbo Bank earns RMB 80.36 million per day.

On January 24, Hangzhou Bank released an earnings fast report, stating that in full-year 2025 it achieved operating revenue of RMB 38.799 billion, up 1.09% year over year; net profit attributable to shareholders of listed companies was RMB 19.030 billion, up 12.05% year over year.

Hikvision also released an earnings fast report on January 21, stating that in 2025 it achieved total operating revenue of RMB 92.518 billion, up 0.02% year over year; net profit attributable to shareholders of listed companies was RMB 14.188 billion, up 18.46% year over year.

The top five Zhejiang A-share companies that made the most money in 2024 were Ningbo Bank, Hangzhou Bank, Zhejiang Shashang Bank, Hikvision, and Zhejiang Energy Electric Power. At present, the top four for 2025 that makes the most money is basically determined. The fifth place is very likely to come down between Zhejiang Energy Electric Power and Xinhecheng. Century Link and Huayou Cobalt Industry also have some possibility of taking it.

Up to now, Zhejiang Energy Electric Power has not yet released its 2025 annual report or earnings fast report. Its net profit in the first three quarters last year already reached RMB 6.23 billion. Although its net profit year over year declined, it still ranks fifth among Zhejiang A-shares. In the first three quarters last year, Xinhecheng achieved net profit of RMB 5.321 billion, with a year-over-year increase in net profit of 33.37%. According to the earnings forecast, Century Link’s full-year net profit is between RMB 5.55 billion and RMB 6.98 billion, and Huayou Cobalt Industry’s net profit is between RMB 5.85 billion and RMB 6.45 billion.

Historically, in fiscal year 2023, the top five Zhejiang A-share companies that made the most money were Ningbo Bank, Zhejiang Shashang Bank, Hangzhou Bank, Hikvision, and Dahua Co., Ltd. In fiscal year 2022, the top five were Ningbo Bank, Zhejiang Shashang Bank, Hikvision, Hangzhou Bank, and China Jushi. In fiscal year 2021, the top five were Ningbo Bank, Hikvision, Rongsheng Petrochemical, Zhejiang Shashang Bank, and Hangzhou Bank.

Before Ningbo Bank won the crown of the top Zhejiang A-share company that made the most money in 2019, companies such as Zhejiang Shashang Bank, Hikvision, and Zhejiang Energy Electric Power had also topped the chart at various times.

Zhejiang A-shares with market caps over RMB 100 billion reach 12 companies—2.4 times that of the same period last year

According to data from Tonghuashun iFinD, as of the evening of April 1, among 739 Zhejiang A-share stocks, 110 have disclosed their annual reports, while the remaining more than 620 Zhejiang A-shares will need to complete disclosures within the next nearly month, averaging nearly 22 per day.

In terms of stock price performance, so far this year, the Zhejiang A-share stocks whose net profits were in the top four have been relatively stable. The price gains of Ningbo Bank, Hangzhou Bank, Hikvision, and Zhejiang Shashang Bank are 9.04%, 9.75%, 2.95%, and -1.64%, respectively. Among the Zhejiang A-shares that ranked in the top ten net profit for the first three quarters last year, the best stock price performance was Xinhecheng, which has risen cumulatively by 36.32% since the start of this year. Next is THT, with a cumulative rise of 17.86%.

As the stock market rally has continued to heat up since last year, the market caps of Zhejiang A-shares have also risen. Based on the closing price on April 1, there are 12 Zhejiang A-share stocks with market caps over RMB 100 billion: Hikvision, Ningbo Bank, Tonghuashun, Sanhua Zhikong, Century Link, Rongsheng Petrochemical, Hangzhou Bank, Deye Shares, Huayou Cobalt Industry, Xinhecheng, China Jushi, and Topjoy Group. This is 2.4 times the five companies from the same period last year. By the end of March last year, Zhejiang A-shares with market caps over RMB 100 billion were Hikvision, Ningbo Bank, Tonghuashun, Sanhua Zhikong, and Topjoy Group.

There are 18 companies with market caps between RMB 50 billion and RMB 100 billion. Among them, the market caps of Guizhou Zhihua (Juhua) and Satellite Chemical are RMB 94.167 billion and RMB 90.987 billion, respectively—still not far from the RMB 100 billion mark.