Shanghai Pudong Development Bank Co.,Ltd.’s Net Profit Dropped 17.6% in First Quarter of 2023

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 16.1 billion yuan in the first quarter of 2023, down 17.6% year-on-year.

Meanwhile, the company posted 48.1 billion yuan in revenue, down 3.8% year-on-year.

At the end of the reporting period, it had 8.9 trillion yuan in total assets and 8.1 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.9%.