Summary by Futu AI
Diwang Ind H Limited (the "Company") announced its interim financial report for the year 2024, which showed that the company and its subsidiaries (the "Group") had an increase in revenue for the six months ended June 30, 2024, compared to the same period last year, by approximately RMB 40,300,000 or 16.0%, reaching around RMB 291,829,000. However, during the same period, the Group's net profit decreased by 48.0% from RMB 39,453,000 to RMB 20,530,000, mainly due to increased sales and distribution expenses. The Group's businesses in chemicals and baijiu continue to be the main sources of income for the Group. No interim dividends were distributed by the Group during the reporting period. Additionally, after the reporting period, the Company's primary business location in Hong Kong will change from 44/F, East Center, 18 Hualan Road, Pacific Place, TaiKoo Place to 11/F, 1101 Room, The Landmark, 15 Queen's Road Central, Hong Kong.