Summary by Moomoo AI
Diwang Industrial Holdings Limited (the "Company") announced its interim results for the six months ended June 30, 2024 on August 30, 2024. During this period, the Group's revenue was approximately RMB 291,829,000, an increase of about 16.0% compared to the same period last year. Gross profit was approximately RMB 139,662,000, an increase of about 24.8%. However, the Group's net profit was approximately RMB 20,530,000, a decrease of about 48.0% compared to the same period last year, mainly due to increased sales and distribution expenses. Basic and diluted earnings per share were RMB 2.85. The Group is primarily engaged in the research, development, manufacturing, and sale of coatings and synthetic resins, as well as the production and sale of baijiu products. The Board of Directors did not recommend the payment of any interim dividends. During the reporting period, the Group's investment in properties, plants, and equipment was approximately RMB 39,842,000. As of the end of the reporting period, the total assets of the Group were RMB 785,290,000, the total liabilities were RMB 126,377,000, and the net assets were RMB 658,913,000.
