Global New Material Flags 2025 Loss on Merck Deal Costs Despite Strong Revenue Growth
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Global New Material International Holdings Limited (HK:6616) expects a significant loss of RMB370 million to RMB390 million in 2025, despite a revenue increase of 72% to 80%, reaching approximately RMB2.8 billion to RMB3.0 billion. The loss is attributed to one-off acquisition costs related to the purchase of Merck’s global surface solutions business. Management indicates that these costs are primarily accounting-related and do not impact operating cash flow. The company aims to enhance market share and brand influence while navigating short-term earnings pressure. Analysts rate the stock as a Buy with a target price of HK$10.00.
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