China Citic Bank Corporation Limited’s Net Profit Rose 10.9% in First Quarter of 2023

China Citic Bank Corporation Limited (中信银行股份有限公司) (601998.SH) reported a net profit of 19.4 billion yuan in the first quarter of 2023, up 10.9% year-on-year.

Meanwhile, the company posted 51.4 billion yuan in revenue, down 4.9% year-on-year.

At the end of the reporting period, it had 8.8 trillion yuan in total assets and 8.1 trillion yuan in total liabilities, with a liability-to-asset ratio of 92%.