Diwang Industrial Holdings Limited logo

Diwang Industrial Holdings Limited

1950.HK

HKSEBasic MaterialsChemicals - Specialty

Latest quote

HK$0.102

−HK$0.002 · -1.92%

Aug 24, 2:21 PM HKTData delayed

1950.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Diwang Industrial Holdings Limited operates as an investment holding enterprise, with core activities encompassing the research, development, manufacturing, and sale of specialized coating agents and synthetic resins. The company's geographical reach extends to the People's Republic of China, Mexico, Turkey, and Vietnam. Its product portfolio features a diverse range of colourants, finishes, and additives, which are vital components across various industries, including apparel, footwear, handbags, automobile interior decoration, home furnishings, and sports equipment. Founded in 2003, the company was formerly known as Sunlight Technology Holdings Limited until it officially adopted its current name, Diwang Industrial Holdings Limited, in May 2022. The corporate headquarters are located in Hangzhou, People's Republic of China.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
CN
CEO
Hua Chen
Listed since
Mar 12, 2020
Employees
203

Market position

Day range

Current HK$0.102

52-week range

Current HK$0.102

Open
HK$0.101
Previous close
HK$0.104
Volume
280K
1.06× average
Average volume
264.6K
Average daily volume
Market cap
73.44M HKD
Beta
0.43
Market reference 1
50-day average
HK$0.1086
-6.04% below average
200-day average
HK$0.137
-25.56% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
137.95M CNY
P/E (TTM)
24.98×
P/B (TTM)
0.1×
P/S (TTM)
0.11×
EV / EBITDA
10.93×
Earnings yield
2.15%
Free cash flow yield
-37.13%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
47.58%
Operating margin
-1.21%
Net margin
0.42%
Return on equity
0.40%
Return on assets
0.28%
Return on invested capital
0.19%

Financial health

Debt / equity
0.14×
Current ratio
3.12×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends52%33%13%-6%Gross margin, FY2021: 16.62%Gross margin, FY2022: 38.63%Gross margin, FY2023: 40.90%Gross margin, FY2024: 45.42%Gross margin, FY2025: 47.58%Operating margin, FY2021: -1.29%Operating margin, FY2022: 14.73%Operating margin, FY2023: 3.74%Operating margin, FY2024: 4.53%Operating margin, FY2025: -1.21%Net margin, FY2021: -1.11%Net margin, FY2022: 4.36%Net margin, FY2023: 3.41%Net margin, FY2024: 5.30%Net margin, FY2025: 0.42%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 16.62%. Gross margin FY2022 38.63%. Gross margin FY2023 40.90%. Gross margin FY2024 45.42%. Gross margin FY2025 47.58%. Operating margin FY2021 -1.29%. Operating margin FY2022 14.73%. Operating margin FY2023 3.74%. Operating margin FY2024 4.53%. Operating margin FY2025 -1.21%. Net margin FY2021 -1.11%. Net margin FY2022 4.36%. Net margin FY2023 3.41%. Net margin FY2024 5.30%. Net margin FY2025 0.42%.

Income trends

Revenue

599.35M CNY+5.80%

Operating income

−7.25M CNY−32.93M CNY

Net income

2.49M CNY-91.70%
Income trends across reported periods660M CNY417.37M CNY174.73M CNY−67.91M CNYRevenue, FY2021: 233.95M CNYRevenue, FY2022: 501.44M CNYRevenue, FY2023: 570.57M CNYRevenue, FY2024: 566.48M CNYRevenue, FY2025: 599.35M CNYOperating income, FY2021: −3.02M CNYOperating income, FY2022: 73.84M CNYOperating income, FY2023: 21.35M CNYOperating income, FY2024: 25.69M CNYOperating income, FY2025: −7.25M CNYNet income, FY2021: −2.6M CNYNet income, FY2022: 21.85M CNYNet income, FY2023: 19.45M CNYNet income, FY2024: 30.03M CNYNet income, FY2025: 2.49M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 233.95M CNY. Revenue FY2022 501.44M CNY. Revenue FY2023 570.57M CNY. Revenue FY2024 566.48M CNY. Revenue FY2025 599.35M CNY. Operating income FY2021 −3.02M CNY. Operating income FY2022 73.84M CNY. Operating income FY2023 21.35M CNY. Operating income FY2024 25.69M CNY. Operating income FY2025 −7.25M CNY. Net income FY2021 −2.6M CNY. Net income FY2022 21.85M CNY. Net income FY2023 19.45M CNY. Net income FY2024 30.03M CNY. Net income FY2025 2.49M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue599.35M CNY566.48M CNY570.57M CNY501.44M CNY233.95M CNY
Cost of goods sold314.18M CNY309.18M CNY337.19M CNY307.74M CNY195.07M CNY
Gross profit285.17M CNY257.3M CNY233.38M CNY193.7M CNY38.88M CNY
Research and development8.28M CNY8.98M CNY10.75M CNY9.62M CNY9.28M CNY
Selling, general, and administrative253.29M CNY215.66M CNY198.25M CNY108M CNY32.14M CNY
Operating expenses292.41M CNY231.61M CNY212.04M CNY119.86M CNY30.71M CNY
Interest income119.82K CNY103K CNY182K CNY181K CNY893K CNY
Interest expense1.75M CNY1.4M CNY688K CNY403K CNY
Depreciation and amortization11.58M CNY9.61M CNY10.22M CNY6.93M CNY6.67M CNY
Operating income−7.25M CNY25.69M CNY21.35M CNY73.84M CNY−3.02M CNY
Net income2.49M CNY30.03M CNY19.45M CNY21.85M CNY−2.6M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.150.07-0-0.08Q3 '20Q3 '22Q3 '23Q3 '24Q1 '25Q2 '25
Q3 2020, reported Aug 28, 2020: actual -0.041, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 0.001, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 0.108, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 0.031, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.014, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 30, 2025: actual 0.021, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates334.08M238.25M142.41M46.57MQ3 '20Q3 '22Q3 '23Q3 '24Q1 '25Q2 '25
Q3 2020, reported Aug 28, 2020: actual 54.79M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 233.82M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 272.01M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 313.4M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 292.17M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 30, 2025: actual 287.63M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective May 30, 2023

1:5

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