Shanghai Pudong Development Bank Co.,Ltd.’s Net Profit Dropped 22.8% in First Half 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 23.6 billion yuan in the first half of 2023, down 22.8% year-on-year.

Meanwhile, the company posted 91.2 billion yuan in revenue, down 7.5% year-on-year.

At the end of the reporting period, it had 8.9 trillion yuan in total assets and 8.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.9%.