Diwang Industrial Holdings Reports 9.9% Drop in Revenue and 25.3% Decline in Net Profit for H1 2025; EPS Falls to RMB1.93 Cents
Reuters
Aug 29
Diwang Industrial Holdings Reports 9.9% Drop in Revenue and 25.3% Decline in Net Profit for H1 2025; EPS Falls to RMB1.93 Cents
Diwang Industrial Holdings Ltd. has reported its interim results for the six months ended 30 June 2025. The Group's revenue for this period was approximately RMB262.9 million, marking a 9.9% decrease from the RMB291.8 million reported during the same period in 2024. The gross profit also saw a decline of 9.7%, amounting to RMB126.1 million compared to RMB139.7 million in the prior period. Net profit for the Group decreased by 25.3% to approximately RMB15.3 million, down from RMB20.5 million in the previous year. This reduction is mainly attributed to an increase in selling and distribution expenses. Earnings per share for the period were RMB1.93 cents, a decrease from RMB2.85 cents in 2024. During this period, the Group continued its operations in the Faux Leather Chemicals Business and the Chinese Liquor Business. The company remains engaged in the research and development, manufacturing, and sale of coating agents and synthetic resins, as well as the production and sale of Chinese liquor products.
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