Diwang Industrial Holdings Limited (1950.HK)

Basic Materials | Chemicals Specialty
Income Statement (Quarterly) 2026-04-08 2025-06-30 2025-03-31 2024-12-31
Revenue 262,889,000 262,889,000 131,444,500 137,323,000
Cost of Revenue 136,813,000 136,813,000 68,406,500 78,504,500
Gross Profit 126,076,000 126,076,000 63,038,000 58,818,500
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 109,775,000 109,775,000 54,887,500 53,622,500
Operating Expenses 113,689,000 113,689,000 56,844,500 56,040,000
Operating Income 12,387,000 12,387,000 6,193,500 2,778,500
Interest Expense 0 934,000 0 0
Income Before Tax 17,490,000 17,490,000 8,745,000 6,142,500
Income Tax Expense 2,156,000 2,156,000 1,078,000 1,400,000
Net Income 13,908,000 13,908,000 6,954,000 4,746,500
Per Share
EPS 0.02 0.02 0.01 0.01
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 566,475,000 570,572,000 501,437,000 233,945,000 134,441,000
Cost of Revenue 309,176,000 337,189,000 307,739,000 195,070,000 102,842,000
Gross Profit 257,299,000 233,383,000 193,698,000 38,875,000 31,599,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 215,659,000 198,251,000 108,000,000 32,141,000 36,748,000
Operating Expenses 231,614,000 233,383,000 107,305,000 30,709,000 34,431,000
Operating Income 25,685,000 31,071,000 87,142,000 8,166,000 -2,832,000
Interest Expense 1,400,000 688,000 403,000 893,000 486,000
Income Before Tax 35,504,000 35,637,000 62,667,000 -1,476,000 -2,788,000
Income Tax Expense 5,489,000 10,763,000 23,049,000 1,124,000 369,000
Net Income 30,030,000 19,451,000 39,618,000 -2,600,000 -3,157,000
Per Share
EPS 0.04 0.04 0.09 0.00 0.00
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 54,726,000 48,952,000 48,112,000 28,447,000
Short Term Investments 5,972,000 135,000 7,763,000 36,262,000
Net Receivables 241,274,000 242,037,000 144,766,000 0
Inventory 44,677,000 108,312,000 98,242,000 31,276,000
Total Current Assets 557,411,000 548,637,000 307,921,000 194,073,000
Property Plant Equipment 254,031,000 113,851,000 108,507,000 115,692,000
Goodwill and Intangibles 0 25,676,000 26,282,000 0
Total Assets 827,684,000 737,591,000 446,378,000 313,174,000
Liabilities
Account Payables 70,282,000 51,538,000 68,656,000 38,011,000
Short Term Debt 64,963,000 25,000,000 10,000,000 0
Total Current Liabilities 155,653,000 95,582,000 95,585,000 43,048,000
Long Term Debt 0 0 0 0
Total Liabilities 158,940,000 99,005,000 95,995,000 43,595,000
Shareholders Equity
Retained Earnings 0 82,363,000 42,533,000 0
Total Shareholders Equity 644,094,000 613,921,000 331,141,000 269,579,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 54,726,000 48,952,000 48,112,000 28,447,000 79,641,000
Short Term Investments 5,972,000 135,000 7,763,000 36,262,000 0
Net Receivables 241,274,000 242,037,000 144,766,000 0 0
Inventory 44,677,000 108,312,000 98,242,000 31,276,000 17,994,000
Total Current Assets 557,411,000 548,637,000 307,921,000 194,073,000 170,661,000
Property Plant Equipment 254,031,000 113,851,000 108,507,000 115,692,000 65,467,000
Goodwill and Intangibles 0 25,676,000 26,282,000 0 27,494,000
Total Assets 827,684,000 737,591,000 446,378,000 313,174,000 264,007,000
Liabilities
Account Payables 70,282,000 51,538,000 68,656,000 38,011,000 19,946,000
Short Term Debt 64,963,000 25,000,000 10,000,000 0 0
Total Current Liabilities 155,653,000 95,582,000 95,585,000 43,048,000 25,972,000
Long Term Debt 0 0 0 0 0
Total Liabilities 158,940,000 99,005,000 95,995,000 43,595,000 26,656,000
Shareholders Equity
Retained Earnings 0 82,363,000 42,533,000 0 0
Total Shareholders Equity 644,094,000 613,921,000 331,141,000 269,579,000 237,351,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income 35,504,000 19,451,000 62,667,000 -2,600,000
Depreciation & Amortization 12,677,000 10,216,000 7,531,000 7,279,000
Stock Based Compensation 0 0 0 0
Change in Working Capital 7,566,000 -233,600,000 -93,362,000 -16,467,000
Operating Cash Flow 58,983,000 -216,317,000 -14,501,000 -2,058,000
Investing Activities
Capital Expenditure -93,112,000 -57,288,000 -27,593,000 -30,172,000
Investments -93,112,000 -57,288,000 -27,593,000 -30,172,000
Investing Cash Flow -90,176,000 -61,427,000 -14,850,000 -87,681,000
Financing Activities
Debt Repayment 39,500,000 15,000,000 0 0
Common Stock Issued/Repurchased 0 266,048,000 37,485,000 40,216,000
Dividends Paid 0 0 0 0
Financing Cash Flow 37,110,000 278,898,000 48,467,000 38,959,000
Summary
Free Cash Flow -34,129,000 -273,605,000 -42,094,000 -32,230,000
Net Change in Cash 5,774,000 840,000 19,665,000 -51,194,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income 35,504,000 19,451,000 62,667,000 -2,600,000 -3,157,000
Depreciation & Amortization 12,677,000 10,216,000 7,531,000 7,279,000 6,819,000
Stock Based Compensation 0 0 0 0 0
Change in Working Capital 7,566,000 -233,600,000 -93,362,000 -16,467,000 3,253,000
Operating Cash Flow 58,983,000 -216,317,000 -14,501,000 -2,058,000 8,513,000
Investing Activities
Capital Expenditure -93,112,000 -57,288,000 -27,593,000 -30,172,000 0
Investments -93,112,000 -57,288,000 -27,593,000 -30,172,000 0
Investing Cash Flow -90,176,000 -61,427,000 -14,850,000 -87,681,000 -19,072,000
Financing Activities
Debt Repayment 39,500,000 15,000,000 0 0 0
Common Stock Issued/Repurchased 0 266,048,000 37,485,000 40,216,000 0
Dividends Paid 0 0 0 0 0
Financing Cash Flow 37,110,000 278,898,000 48,467,000 38,959,000 76,803,000
Summary
Free Cash Flow -34,129,000 -273,605,000 -42,094,000 -32,230,000 8,513,000
Net Change in Cash 5,774,000 840,000 19,665,000 -51,194,000 0