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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
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