An update from Global New Material International Holdings Limited ( (HK:6616) ) is now available.
Global New Material International Holdings Limited reported a strong financial performance for the fiscal year 2024, with a 55% increase in revenue to approximately RMB1,648.8 million and a 65.4% rise in gross profit to approximately RMB873.7 million. The company’s profit attributable to owners rose by 33.4% to RMB242.2 million, despite a slight decline in net profit margin from 20.0% to 19.4%. The board decided not to declare a final dividend for the year, maintaining the previous year’s decision. The results reflect the company’s robust growth trajectory and solidify its competitive positioning in the materials industry.
More about Global New Material International Holdings Limited
Global New Material International Holdings Limited is a company incorporated in the Cayman Islands, operating in the materials industry. The company focuses on producing and supplying innovative materials, with a significant presence in the global market.
YTD Price Performance: -16.78%
Average Trading Volume: 2,125,209
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.48B
For a thorough assessment of 6616 stock, go to TipRanks’ Stock Analysis page.