Shanghai Pudong Development Bank Co.,Ltd.’s Net Profit Rose 3.9% in First Quarter of 2022

Shanghai Pudong Development Bank Co.,Ltd. (上海浦东发展银行股份有限公司) (600000.SH) reported a net profit of 19.6 billion yuan in the first quarter of 2022, up 3.9% year-on-year.

Meanwhile, the company posted 50 billion yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 8.4 trillion yuan in total assets and 7.7 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.7%.