Fangzheng Securities: Initial recommendation rating given to Globally New Materials International (06616.HK), leading pearl pigment company to acquire Germany's Merck surface solutions business.

According to the Wise Finance APP, Fangzheng Securities released a research report stating that it is the first time to cover and give a "recommended" rating to Guanhua New Materials International (06616.HK). In the first half of 2025, the company achieved a revenue of 910 million yuan, with a 34.5% increase in sales of pearl pigment to 15,000 tons. In July 2025, the company completed the acquisition of Merck's global surface solutions business in Germany, significantly enhancing its global research and development, production, and sales networks. Taking into account the company's integration of Merck's original business and channel network, cost reduction and price increase measures, as well as the growth space brought by the expansion of new production capacity.