GLOBAL NEW MAT (06616) fell more than 6% in the afternoon session. As of the time of writing, the stock was down 5.49% to HK$8.09, with a turnover of HK$8,022,900.

The company previously released its 2025 results, reporting annual revenue of RMB 2.917 billion, a year-on-year increase of 76.9%. However, it recorded a net loss of RMB 306 million, compared to a profit of RMB 320 million in the same period last year. The net loss attributable to owners of the parent was RMB 381 million, versus a profit of RMB 242 million in the prior year. Excluding the impact of one-off items such as acquisitions and fair value adjustments of assets, the adjusted net profit was RMB 255 million, compared to RMB 320 million in the same period last year.

An analysis report noted that the company has completed the acquisition and consolidation of the German Susonity business. However, due to the lower gross margins of production bases in high-cost countries such as Germany, the United States, and Japan, and the one-time recognition of the fair value increment of inventory from the acquisition into cost upon sale—which reduced gross profit by approximately RMB 159 million—this segment recorded a segment loss of RMB 410 million in 2025. Considering the one-time expenses associated with the merger, the net profit forecast for 2026 has been revised downward, while the forecast for 2027 remains unchanged.