China Zheshang Bank Co.,Ltd.’s Net Profit Rose 11% in First Half of 2023

China Zheshang Bank Co.,Ltd. (浙商银行股份有限公司) (601916.SH) reported a net profit of 8 billion yuan in the first half of 2023, up 11% year-on-year.

Meanwhile, the company posted 33.2 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 2.9 trillion yuan in total assets and 2.7 trillion yuan in total liabilities, with a liability-to-asset ratio of 93.8%.