HK Stock Market Move | GLOBAL NEW MAT (06616) dropped over 6% in the afternoon. The company completed the acquisition of SUSONITY in Germany, resulting in short-term performance fluctuations.

GLOBAL NEW MAT (06616) fell more than 6% in the afternoon, closing at a 5.49% decrease, at HK $8.09, with a trading volume of 8.02 million Hong Kong dollars. In terms of news, GLOBAL NEW MAT previously announced its 2025 performance, achieving a full-year revenue of 2.917 billion, a year-on-year increase of 76.9%; a net loss of 306 million, compared to a profit of 320 million in the same period; and a net loss attributable to shareholders of 381 million, compared to a profit of 242 million in the same period. Excluding one-time impacts such as acquisitions and fair value adjustments, the adjusted net profit was 255 million, compared to 320 million in the same period. Guotou Securities International released a research report stating that the company has completed the acquisition of the Susonity business in Germany. However, due to the lower gross profit margin of production bases in high-cost countries such as Germany, the United States, and Japan, and the one-time inclusion of inventory fair value appreciation in costs during sales from mergers and acquisitions, it reduced gross profit by approximately 159 million, resulting in a loss of 410 million for that division in 2025. Considering the one-time costs associated with the acquisition, the net profit forecast for 2026 was lowered, while the 2027 net profit forecast remained unchanged.