GLOBAL NEW MAT (06616) announces 2025 performance, with the company's owners expecting a loss of approximately 381 million yuan, a year-on-year turnaround from profit to loss.

Global New Mat (06616) announced its 2025 performance, with revenue of approximately 2.917 billion yuan, a year-on-year increase of 76.9%; gross profit of approximately 1.14 billion yuan, a year-on-year increase of 30.5%; the company's attributable loss was approximately 381 million yuan, a year-on-year change from profit to loss; loss per share was 0.31 yuan. The announcement stated that the increase in gross profit was mainly due to the increase in revenue scale. The overall gross profit margin was 39.1%, a decrease of 13.9 percentage points from the gross profit margin of 53.0% in 2024. This was partly due to accounting impacts resulting from mergers and acquisitions (the fair value increment of acquired inventory on the acquisition date being recognized as cost in sales, resulting in a decrease in gross profit of 159 million yuan); and on the other hand, the operating production base of the company's German business is located in high-cost countries such as Germany, the United States, and Japan, where the gross profit margin is lower than that of the company's mature businesses in China and South Korea. In 2025, the average gross profit margin of the company's operations in China and South Korea remained stable and increased slightly by 0.2 percentage points compared to 2024.