06616 GLOBAL NEW MAT
- 4.450
- -0.020-0.45%
GLOBAL NEW MAT News
A Look At The Fair Value Of Global New Material International Holdings Limited (HKG:6616)
Global New Materials International (06616.HK): Lin Guangshui appointed as an executive director.
Granol Hu September 26th Global New Materials International (06616.HK) announced that, effective September 26, 2024: (1) Lin Guangshui has been appointed as executive director; (2) Chen Fadong has been appointed as independent non-executive director.
Express News | Global New Material International - Lim Kwang SU Appointed as an Executive Director
GLOBAL NEW MAT: 2024 Interim Report
CICC Securities: The chemical industry continued to fluctuate in the first half of the year, with strong tire exports and double growth in revenue and performance.
In the first half of 2024, the chemical industry achieved revenue of 1237.63 billion yuan, a year-on-year increase of +4.2%; net income attributable to the company was 75.25 billion yuan, a year-on-year increase of +0.8%.
The "Overseas M&A + Capacity Release" effect is significant, with global new materials international (6616.HK) gross profit increasing by more than 70% in the first half of the year.
Recently, Universal New Materials International (6616.HK) disclosed the financial performance for the first half of 2024 ending on June 30. The Group achieved significant growth in revenue and net profit in the first half of the year, delivering satisfactory performance. Looking back at the first half of 2024, the Group achieved many accomplishments under the guidance of the development global strategy of "internal development and external expansion". Internally, the company's investment in production capacity has achieved phased results, laying a solid foundation for the future development of the enterprise; externally, the acquisition effect of CQV was reflected in this performance period, and the Group's surface solution business for Merck in Germany also showed positive performance.
Huanqiu New Material International (6616.HK) recorded a 66.8% revenue growth in the first half of 2024, driving profits to a higher level with high-quality income.
Hong Kong, August 29, 2024 /PRNewswire/ -- On the evening of August 29, Universal New Materials International (6616.HK) released the performance report for the first half of 2024 ending on June 30. During the reporting period, the company achieved a revenue of 0.775 billion yuan, a year-on-year increase of 66.8%; gross profit of 0.388 billion yuan, a year-on-year increase of 72.8%, with a gross margin of 50.1%, an increase of 1.7 percentage points from last year; and realized an operating profit of 0.145 billion yuan, a year-on-year increase of 52.7%. It is reported that Universal New Materials International Holdings Limited is the largest pearl pigment producer in China. The company's flagship brand Seven Colors.
The interim performance of Universal New Materials International (06616) resulted in a net profit attributable to owners of approximately 0.107 billion yuan, an increase of about 26.4% year-on-year.
Global New Materials International (06616) announced its mid-term performance for 2024, with a revenue of approximately RMB 0.775 billion, a year-on-year...
Express News | Global New Material International Holdings H1 Operating Revenue RMB 774.6 Million
Express News | Global New Material International Holdings H1 Gross Margin 50.1%
Express News | Global New Material International Holdings H1 Gross Profit RMB 388 Million
Express News | Global New Material International Holdings H1 Net Income RMB 144.5 Million
GLOBAL NEW MAT: INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
GLOBAL NEW MAT: NOTICE OF BOARD MEETING
Sealand Securities: The cyclical upturn of PX and pure benzene is expected.
The pure benzene industry has limited new production capacity, and the supply-demand imbalance is expected to continue. Stimulated by demand, it is expected that the global pure benzene industry operating rate will rebound strongly from 2024 to 2026.
Global New Materials International (06616.HK) has signed an agreement to acquire the Merck Surface Solutions business, deepening its path towards sustainable development.
Global New Materials International Holdings Limited (06616.HK) recently announced the acquisition of the Surface Solutions business unit of Merck Global. The transaction is expected to be completed by 2025, subject to regulatory approval and certain customary completion conditions. Through this strong partnership with the Surface Solutions business, Global New Materials International will actively integrate the advantages of both parties in ESG and continue to deepen practice. For many years, Global New Materials International has been striving to implement the national "Dual Carbon" strategy and adhere to the concept of "Green Manufacturing, Ecological and Sustainable Enterprises." The group focuses on innovation research and development, green manufacturing, enterprise governance, and employee relations.
Global New Material International (06616): CQV's net income for the first half of the year is 5.1 billion Korean won, an increase of 490.31% year-on-year.
Global New Materials International (06616) announces CQV Co., Ltd. (CQV) (the company's indirect non-...
GLOBAL NEW MAT: RESULTS OF A SUBSIDIARY
Huanqiu New Material International (06616) rose 1.56% on the Hong Kong Stock Connect. CICC Securities upgraded the company's rating to "buy".
Jingu Finance News | As of the close, Global New Material International (06616) rose 1.56% to HKD 3.91, with a turnover of HKD 12.03 million. On the news front, on August 6, Xingye Securities released a rating report stating that it has upgraded Global New Material International's rating to "buy".
Maintain a 'buy' rating for Global New Material International (06616) with a target price raised to HK$5.4, according to Anxin International.
The Global New Material International Pearl Pigment Phase II factory was officially put into operation in February 2024, with an initial landing of about 6,000 tons, which can greatly solve the production capacity bottleneck.
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