Summary by Futu AI
Dawei Industrial Holdings Limited ('the Company') announced its interim results for the six months ended 30 June 2024. During this period, the group's revenue was approximately RMB 291,829,000, an increase of approximately 16.0% compared to the same period last year. Gross profit was approximately RMB 139,662,000, an increase of approximately 24.8%. However, the group's net profit was approximately RMB 20,530,000, a decrease of approximately 48.0% compared to the same period last year, mainly due to increased sales and distribution expenses. Basic and diluted earnings per share were RMB 2.85. The group is mainly engaged in the research, development, manufacturing, and sales of coatings and synthetic resins, as well as the production and sales of baijiu products. The Board of Directors did not recommend the payment of any interim dividends. During the reporting period, the group invested approximately RMB 39,842,000 in properties, plants, and equipment. As of the end of the reporting period, the group's total assets amounted to approximately RMB 785,290,000, total liabilities amounted to approximately RMB 126,377,000, and net assets amounted to approximately RMB 658,913,000.
