2024-09-03
classification：Company News
On September 2, 2024, following the grand?holding of the results conference in Shenzhen, Global New Material International Holdings Limited (stock code: 06616.HK) successfully held the 2024 interim results conference in Hong Kong?again. The press conference not only further consolidated the company’s relationship with global investors, but also demonstrated the company’s excellent performance in international market and its future strategic planning.
Strengthening?Interim Performance and Consolidating?Market Confidence
At the Hong Kong press conference, the company’s management elaborated on the excellent results achieved in the first half of 2024. Through precise market strategies and high-quality development policies, the company achieved double growth in revenue and net profit, with year-on-year growth of 66.8% and 52.7% respectively. These brilliant performance data once again proved that Global New Materials International continued?to strengthen its?market leadership against?the fierce market competition.
Mr. Su?Ertian, Chairman and Chief Executive Officer, led the Company’s core management team to further introduce the company’s performance in?global market and its future growth potentials?to investors, analysts and media in Hong Kong. This conference not only deepened the message delivered on?the Shenzhen conference, but also further enhanced market’s confidence in?future development of the company.
Internationalization Strategy Continously?Promoted, and Global Layout Further Expanded ?
At the press conference, the company’s management introduced in detail the latest progress of Global New Material International in its internationalization strategy. In particular, the signing of the successful acquisition of Merck’s Surface Solutions business significantly enhanced the company’s competitiveness in global market. At the same time, the deep synergy between the company and the Korean CQV has achieved remarkable results, and the strong growth of the Korean business has become an important driving force for the overall performance of the company.
At the Hong Kong press conference, the management also further elaborated on how the company is accelerating internationalization process and promoting the synergistic development of the global business through these strategic acquisitions and partnerships. In the future, Global New Material International will continue to actively seek new market opportunities and consolidate its leading position in the global material field.
Scientific and Technological Innovation Leads towards the Future, and R&D Investment Reached a New High
Innovation is the core driving force for the long-term development of Global New Material?International. The company significantly increased its investment in research and development in the first half of the year, increasing R&D expenditure by 40% year-on-year, and launched several new product ranges and annual popular colors, further enriching the company’s product matrix to meet the diverse needs of the global market.
At the press conference, the management once again emphasized on the importance of scientific and technological innovation in the company’s strategy and presented the latest progress made by the company in the research and development of new technologies and product innovation. By continuously optimizing the product mix and strengthening intellectual property protection, Global New Material International will continue to consolidate its technological leadership position in the global materials sector.
Looking forward to deepening?future development, Moving towards Innovation Leadership in the Global Material Field
The 2024 interim results conference in Hong Kong further deepened the company’s communication with global investors, showcasing the company’s outstanding performance in the global market and its firm future strategy. The company will continue to advance its global layout at a steady pace and promote its strategic transformation from a materials manufacturer to a global innovation leader through technological innovation, market expansion and operational excellence.
