Diwang Industrial Holdings Limited (1950.HK)

Name: Diwang Industrial Holdings Limited Financial Statements
Creator: Quarter Results

Basic Materials | Chemicals Specialty

Latest reporting period: 2026-04-08

Latest Quarter

2026-04-08

Revenue

$263M

Net Income

$13.9M

Operating Margin

4.7%

Free Cash Flow

-$34.1M

Debt / Assets

19.2%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Diwang Industrial Holdings Limited (1950.HK).
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	274,646,000
Cost of Revenue	136,813,000	136,813,000	68,406,500	157,009,000
Gross Profit	126,076,000	126,076,000	63,038,000	117,637,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	109,775,000	109,775,000	54,887,500	93,289,000
Operating Expenses	113,689,000	113,689,000	56,844,500	112,080,000
Operating Income	12,387,000	12,387,000	6,193,500	5,557,000
Interest Expense	0	934,000	0	854,000
Income Before Tax	17,490,000	17,490,000	8,745,000	12,285,000
Income Tax Expense	2,156,000	2,156,000	1,078,000	2,800,000
Net Income	13,908,000	13,908,000	6,954,000	9,493,000
Per Share
EPS	0.02	0.02	0.01	0.01
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Diwang Industrial Holdings Limited (1950.HK).
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 history for Diwang Industrial Holdings Limited (1950.HK).
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	25,069,000	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	90,556,000	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 history for Diwang Industrial Holdings Limited (1950.HK).
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	25,069,000	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	90,556,000	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 quarterly history for Diwang Industrial Holdings Limited (1950.HK).
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 annual history for Diwang Industrial Holdings Limited (1950.HK).
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