Jinwu Financial News | On December 27, 2023, Global New Materials International Holdings Limited (hereinafter referred to as “Global New Materials International” or the “Company”; stock code: 6616.HK) announced that in order to improve operational efficiency, better serve the company's customers around the world, seize broader business opportunities, and promote sustainable business development, the company will relocate its Hong Kong business location from Cheung Fung Building to China Resources Building.
According to reports, China Resources Building is located in the core commercial area of Wan Chai North on Hong Kong Island. It contains office buildings, retail malls, and hotels. It is close to Class A commercial buildings such as Central Plaza, Hong Kong Convention and Exhibition Center, and the Immigration Office Building. It has an excellent location. It is a world-class integrated building and a gathering place for many listed companies' offices in Hong Kong.
According to data, Global Materials International is committed to the R&D, production, trade and sale of pearlescent pigment products and synthetic mica. Pearlescent materials belong to a strategic emerging industry - pigment manufacturing sector. They are widely used in automotive coatings, cosmetics, aerospace, military industry, marine anticorrosion, plastics, inks, ceramics, leather, building materials, 3D printing, anti-counterfeiting, seed coating, etc. Mica products belong to a strategic emerging industry - the manufacturing of new energy materials and the manufacturing sector of functional fillers. They are not only raw materials for the production of pearlescent pigments, but also excellent raw materials for the production of insulating materials, refractory materials, functional fillers, and nickel-metal hydride batteries.
The company is a national high-tech enterprise and the undertaker of the artificial synthetic mica project, a key basic new material for the Ministry of Industry and Information Technology's strong industrial foundation project. The company has mastered the world's leading key technologies in synthetic mica, pearlescent materials, etc., and has core patents with independent intellectual property rights. The products have formed a marketing network covering major countries around the world and are exported to more than 100 countries and regions.
In recent years, Global New Materials International has adhered to the parallel development strategy of “endogenous development and epitaxial expansion”, accelerated various strategic layouts, taken multiple measures to seize rapidly growing market opportunities, and maintained rapid growth in performance. Financial data shows that from 2020 to 2022, the compound annual growth rate (CAGR) of the company's revenue and net profit was 26.92% and 24.39%, respectively, and both maintained rapid growth.
In August 2023, Global New Materials International also officially completed the acquisition of South Korea's CQV company. The international layout has taken a solid step, and its leading position in the global pearlescent pigment and mica market has been further consolidated. The product matrix and international sales network have also been further improved, which will help the Group to deepen its international layout and enhance its brand influence. The importance of the company's Hong Kong business location may increase significantly.
As demand in the downstream terminal market for new materials continues to expand, the growth rate of leading companies in the upstream raw materials segment of new materials is expected to accelerate significantly. As the only pearlescent pigment scarcity leader in the Hong Kong stock market, Global New Materials International has independent core technical advantages and a global market network layout. It has high growth potential, and is expected to further increase its market share. The company has also attracted the attention of many investors at home and abroad. With the recent continuous net inflow of capital to the south, Hong Kong Stock Connect's shareholding ratio has increased significantly. As of December 22, 2023, Global New Materials International's Hong Kong Stock Connect shares account for 15.54% of the total number of Hong Kong shares, an increase of 7 percentage points over the beginning of the year, indicating that the capital market is confident about the company's investment value.
The company said it had a fresh look and not forgotten its original intention. Global New Materials International will continue to be deeply involved in the pearlescent materials business and continue to expand new market application fields. The Hong Kong office was moved to China Resources Building. The new office space provides a comfortable and efficient office environment for the company's employees, which will help improve the company's overall operational efficiency, help better serve global customers, and open up a more beautiful and exciting new development situation. In the future, the company will continue to maintain a keen sense of market and a forward-looking strategic vision, continuously improve its core competitiveness and market share, and reward shareholders, customers, and society with steady, sustainable and fruitful results!