Industrial And Commercial Bank Of China Limited’s Net Profit Rose 1.1% in First Half of 2023

Industrial And Commercial Bank Of China Limited (中国工商银行股份有限公司) (601398.SH) reported a net profit of 174.7 billion yuan in the first half of 2023, up 1.1% year-on-year.

Meanwhile, the company posted 447.5 billion yuan in revenue, down 2.3% year-on-year.

At the end of the reporting period, it had 43.7 trillion yuan in total assets and 40.1 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.8%.