Shanghai Rural Commercial Bank Co.,Ltd.’s Net Profit Rose 12.1% in First Quarter of 2023

Shanghai Rural Commercial Bank Co.,Ltd. (上海农村商业银行股份有限公司) (601825.SH) reported a net profit of 3.6 billion yuan in the first quarter of 2023, up 12.1% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, up 7.5% year-on-year.

At the end of the reporting period, it had 1.3 trillion yuan in total assets and 1.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.7%.