China Merchants Bank Co.,Ltd.’s Net Profit Rose 8% in First Quarter of 2023

China Merchants Bank Co.,Ltd. (招商银行股份有限公司) (600036.SH) reported a net profit of 39.2 billion yuan in the first quarter of 2023, up 8% year-on-year.

Meanwhile, the company posted 90.6 billion yuan in revenue, down 1.5% year-on-year.

At the end of the reporting period, it had 10.5 trillion yuan in total assets and 9.5 trillion yuan in total liabilities, with a liability-to-asset ratio of 90.6%.