Industrial And Commercial Bank Of China Ltd (OTCPK:IDCBY)
$ 11.568 0.058 (0.5%) Market Cap: 206.15 Bil Enterprise Value: -225.97 Bil PE Ratio: 4.29 PB Ratio: 0.52 GF Score: 55/100
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Half Year 2023 Industrial and Commercial Bank of China Ltd Earnings Call Transcript

Aug 30, 2023 / 10:30AM GMT
Release Date Price: $9.04 (-0.84%)
Unidentified Company Representative

I'm the General Manager of Corporate Strategy and Investor Relations Department [Wong Lin Chong], welcome to our half 1 earnings call. Today's call is held on-site conference as well as call. It's our pleasure to have the investors and analysts for today's call. Now I'd like to introduce the management present today. Mr. Liao Lin, the President of SBC; Mr. Wang Jing will be Executive Vice President; Executive Vice President, Mr. Zhang Wenwu; Executive Vice President, Mr.Zhang Weiwu, Board Secretary Mr. Our Directors, Mr. (inaudible) also joining today's call and we are also joined by behalf of [relevant amends] and subsidiaries.

In the first half of 2023, all the core indicators of our bank have maintained stability and key strategic layout has also achieved new progress. We have achieved results better than expectation. The net profit in the first half was CNY 174.7 billion. 1.1% Y-o-Y growth and 1.6 percentage points higher than the third quarter. The total revenue was CNY 428.9 billion and maintaining better momentum in the first quarter. The net fee-based income

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