Global New Material, leading the new materials industry, answers in its interim report after 19-day price rally
HONG KONG, Sep 30, 2021 - (JCN Newswire) - On July 20, 2021, Global New Material International Holdings Limited ("Global New Material") (6616.HK), having developed pearlescent materials and synthetic mica as new materials in the consumer sector, ushered in strong momentum with its stock price soaring to an intraday increase of 14.68% on the third trading day following its entry into the capital market. On July 21, August 3, August 4 and August 11, Global New Material's stock price recorded an intraday increase of 11.47%, 8.75%, 25.87 and 9.66% respectively. Over 19 trading days ended August 13, Global New Material saw its stock price rising by 104.89% and its market value exceeding HKD8 billion. The earnings report released by the Company on August 30 shows that in the first half 2021, Global New Material recorded total revenue of RMB307 million, representing an increase of 25.3% as compared with that in the first half of 2020, a gross margin of 52.7% from 48.6% in th...