CDBL full year profit up at $573.6 million

China Development Bank Financial Leasing (CDBL) has reported its full year profit at 4.1bn Chinese Yuan ($573.6 million) for 2023, up from 3.35bn Chinese Yuan ($463.1 million) in 2022. Its basic and diluted earnings per share for the year was 0.33 Chinese Yuan ($0.046). Its total revenue for the year was up from 22.76 trillion Chinese Yuan ($3.1bn) in 2022 to 23 trillion Chinese Yuan ($3.2bn). Additionally, its total expenses had increased from 20 trillion Chinese Yuan ($2.76bn) in 2022 to 21.2 trillion Chinese Yuan ($2.9bn) in 2023. The company's finance lease income accounted for 39.9% of the company's operating income, representing a year-on-year decrease of 1.2 percentage points. Operating lease income accounted for 46.4%, representing a YoY decrease of 3.4 percentage points. Other income and gains accounted for 13.1%, marking a 4.1 percentage point increase. The remaining 0.6% was held by net investment gains, which had increased by 0.5 percentage points YoY.