Postal Savings Bank Of China Co.,Ltd.’s Net Profit Rose 5.2% in First Half of 2023

Postal Savings Bank Of China Co.,Ltd. (中国邮政储蓄银行股份有限公司) (601658.SH) reported a net profit of 49.6 billion yuan in the first half of 2023, up 5.2% year-on-year.

Meanwhile, the company posted 177 billion yuan in revenue, up 2% year-on-year.

At the end of the reporting period, it had 15.1 trillion yuan in total assets and 14.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 94.1%.