Diwang Industrial Holdings Limited
HHKEX:19500.10
HKD
+0.00
(-1.01%)
ISIN
KYG8587S1214
CUSIP
G8587S121
Return %
Stock
S&P 500
1Y
-58.30
14.20
3Y
-59.67
81.12
5Y
-99.61
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
CNY
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in mil. unless spec.Semi-annual Earnings Per Share
CNY
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in mil. unless spec.Semi-annual Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Hua Chen
- Full Time Employees
- 203
- Sector
- Process industries
- Industry
- Industrial specialties
- Address
- No.2, Jiangshan Road Hangzhou City ZH China
- IPO Date
- Mar 12, 2020
- Website
- dwhl1950.com
- Similar Companies
- Business
- Diwang Industrial Holdings Limited is an investment holding company principally engaged in the research and development, manufacturing, and sales of coating agents and synthetic resins used in the production of artificial leather. Its core products include colorants, surface treatment agents, additives, and synthetic resins for applications in apparel, footwear, handbags, automobile interior decoration, home furnishings, and sports equipment. The company also operates a Chinese liquor business segment, producing and selling baijiu under the brands Dihuangchi and Dilongchi. Founded in 2019 and headquartered in Jiande County, Hangzhou, China, Diwang serves markets primarily in China and strategically focuses on expanding its presence in related industries. Recent major changes include the company's efforts to optimize its business structure by converting to an asset-light model and reallocating resources towards its higher-margin Chinese liquor business, reflecting a strategic shift aimed at improving profitability and liquidity. In 2024 and 2025, the company has undergone leadership changes with key executive resignations and appointments, and it has divested part of its interest in certain subsidiaries to enhance financial flexibility. Notably, in the latter half of 2025, Diwang delayed a major transaction circular, indicating ongoing significant corporate restructuring. Additionally, the company has maintained emphasis on innovation, holding multiple patents in China and focusing on research and development capabilities to strengthen its product offerings. Diwang operates primarily through two business segments: Faux Leather Chemicals and Chinese Liquor. Its faux leather chemicals segment manufactures and sells chemical products used in synthetic leather manufacturing, whereas its liquor segment focuses on production, marketing, and distribution of baijiu. The company benefits from its subsidiaries and strategic partnerships that aid in sales channels and foreign trade development. Diwang's focus on combining chemical manufacturing expertise with its growing alcoholic beverage segment reflects its diversified business model within the materials and consumer goods sectors. Headquartered at No. 2 Jiangshan Road, Meicheng Town, Jiande County, Hangzhou, Diwang Industrial Holdings Limited is listed on the Hong Kong Stock Exchange (Ticker: 1950.HK) and employs approximately 202 staff. Its commitment to R&D is underscored by provincial research institute status and multiple industry awards recognizing product excellence. The company continues to pursue growth through strategic disposal of interests in subsidiaries and investments in product innovation, aligning with its goal to maintain financial health while enhancing market competitiveness.