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Diwang Industrial Holdings Reports Increased Profitability Despite Slight Revenue Dip

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Diwang Industrial Holdings Reports Increased Profitability Despite Slight Revenue Dip

Elevate Your Investing Strategy:

Diwang Industrial Holdings Limited ( (HK:1950) ) just unveiled an announcement.

Diwang Industrial Holdings Limited reported its annual results for the year ended 31 December 2024, showing a slight decrease in revenue to approximately RMB566,475,000, down 0.72% from the previous year. Despite this, the company’s gross profit increased by 10.3% to approximately RMB257,299,000, and net profit rose to approximately RMB30,015,000, indicating improved profitability. The company decided not to declare a final dividend for the year.

More about Diwang Industrial Holdings Limited

YTD Price Performance: -48.57%

Average Trading Volume: 2,762,489

Technical Sentiment Signal: Buy

Current Market Cap: HK$51.84M

For detailed information about 1950 stock, go to TipRanks’ Stock Analysis page.

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