Summary by Moomoo AI
In the 2024 fiscal year, DIWANG IND H's revenue slightly decreased by 0.72% to RMB 0.566 billion, but gross margin increased by 10.3% to RMB 0.257 billion. Net profit rose by 20.7% to RMB 30.02 million, with basic earnings per share at 4.17 cents. The company decided not to distribute a final dividend.Among the group's two main business sectors, the artificial leather Chemicals business revenue remained stable at RMB 0.262 billion, with a gross margin of 21.2%; the Baijiu business revenue slightly decreased by 1.31% to RMB 0.304 billion, but segment profit increased by 26.8% to RMB 29.67 million. During the period, the company actively expanded its Baijiu business, adding Huaxing Distillery and Datang Liquor as production bases, and launched new brands "Emperor Pool" and "Emperor Dragon Pool."Looking ahead, the...Show More
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