Global New Material Forecasts Loss Amid Revenue Surge

Global New Material International Holdings Limited has provided an update on its financial performance for the six months ended June 30, 2026. The company expects revenue of about RMB2.5 billion to RMB2.7 billion, a surge of around 180% to 200% compared to the same period last year. This growth is primarily driven by the consolidation of Merck's former surface solution business.

Despite stronger top-line growth and higher EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), the group forecasts a net loss of RMB50 million to RMB100 million for the period. This is in contrast to a RMB100 million profit in the prior year.

The anticipated loss is mainly attributed to non-cash fair value adjustments and amortisation of intangibles from the Merck acquisition, as well as one-off transaction, professional, and integration expenses. However, the company emphasized that these items have not significantly impacted operating cash flow or daily operations.

Global New Material International Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong, operating in advanced materials with a focus on surface solutions. The group expanded its global footprint by acquiring Merck Group's worldwide surface solution business in July 2025.