Summary by Moomoo AI
Diwang Ind H Limited (the "Company") announced its interim financial report for 2024, which showed that the Company and its subsidiaries (the "Group") had an increase in revenue for the six months ended June 30, 2024 compared to the same period last year by approximately RMB 40,300,000 or 16.0%, reaching approximately RMB 291,829,000. However, during the same period, the Group's net profit decreased by 48.0% from RMB 39,453,000 to RMB 20,530,000, mainly due to increased sales and distribution expenses. The Group's businesses in chemicals and baijiu continue to be the main sources of income for the Group. No interim dividends were declared by the Group during the reporting period. Additionally, following the reporting period, the Company's primary business location in Hong Kong will change from 18 Harcourt Road, Tamar, Hong Kong Island East, 44th Floor, Rooms 4404-10, to 11th Floor, Room 1101, The L.R.C. Tower, Leighton Centre, 15 Queen's Road Central, Hong Kong.
