Juvenile Litopenaeus vannamei were fed for 8 weeks with diets containing four ratios of protein to carbohydrate (CBH) at P26 : C30, P30 : C25, P34 : C19 and P38 : C14, respectively, at 3.0 g L−1 salinity. Shrimp weight gain of P34 : C19 group was the highest and differed from the shrimp fed the P26 : C30 or P30 : C25 diet. Shrimp fed the P26 : C30 diet obtained higher survival than those fed other diets. Shrimp fed the P34 : C19 diet contained the highest body protein and lipid, which were significantly higher than those fed the P38 : C14 diet. Shrimp fed the P30 : C25 diet had the highest haemolymph glucose content, which was significantly higher than those fed the P26 : C30 or P38 : C14 diet. Shrimp muscle glycogen of the P26 : C30 group was the highest. Hepatopancreas B‐cell number of shrimp fed the P26 : C30 diet was lower than those fed other diets, and the R cell number was the highest in the shrimp fed the P30 : C25 diet. This study indicates that the protein‐sparing effect by CBH occurred in the P30 : C25 and P34 : C19 groups because these proteins to CBH ratios can support normal growth. Within the range of basic energy demand, the high dietary CBH to protein ratio can improve L. vannamei survival at low salinity.