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Chinese maker of synthetic mica-based pearlescent pigments used in cosmetics, coatings, plastics and automotive paints.
Chinese maker of synthetic mica-based pearlescent pigments used in cosmetics, coatings, plastics and automotive paints.
Sells pearlescent pigments as ingredients by the tonne to cosmetics, coatings and plastics makers. The pigments are built on synthetic mica, a factory-made substitute for mined natural mica, which gives more uniform quality and avoids the sourcing concerns that surround mica mining.
In one line: A Chinese Merck KGaA pigments-business rival.
Moat: narrow (IP / patents, process know-how, scale). Proprietary synthetic (vs natural) mica production process gives cost/quality edge in pearlescent pigments.
Headquarters: Guangdong, China · Founded: 2005 · Employees: 2,111
Size Global New Material International (6616.HK) is a Hong Kong Materials company (Chemicals: Specialty) with a market value of $1.32B, the 526th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$8.27 on 6 Nov 2026.
Performance Over six months the shares fell 2.7%, against -22.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 165.5% over the last twelve months (peer median +6.8%); the operating margin is -0.3% (peer median 6.2%).
Valuation It trades at 14.1× forward earnings against a peer median of 18.3× (5th cheapest of 15).
Capital Return on invested capital runs 5.3 points below its cost of capital (5.2% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$5.08B | HK$3.14B | HK$1.78B | HK$1.17B | HK$1.06B |
| Revenue growth | — | +77% | +52% | +10% | — |
| Gross profit | HK$1.84B | HK$1.13B | HK$902M | HK$544M | HK$503M |
| EBITDA | HK$330M | HK$358M | HK$654M | HK$374M | HK$356M |
| Net income | -HK$638M | -HK$413M | HK$263M | HK$201M | HK$260M |
| Free cash flow | -HK$1.01B | -HK$1.85B | -HK$760M | HK$147M | -HK$33.3M |
| Capital expenditure | HK$1.38B | HK$1.59B | HK$1.07B | HK$179M | HK$262M |
| Total debt | n/a | HK$9.37B | HK$2.59B | HK$1.01B | HK$565M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Global New Material International 6616.HK | $1.32B | -3% | +165% | 0% | 14.1× | n/a |
| Merck KGaA MRK.DE | $72.5B | +23% | 0% | 20% | 17.5× | 7.7% |
| Basf BAS.DE | $52.6B | +2% | -4% | 7% | 16.8× | 5.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6616.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | -11.2% | 11th highest of 21 |
| 6-month return | -2.7% | -22.3% | 2nd highest of 21 |
| Distance from 52-week high | -26.5% | -48.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +165.5% | +6.8% | highest of 21 |
| Operating margin | -0.3% | 6.2% | 5th lowest of 21 |
| Forward P/E | 14.1× | 18.3× | 5th cheapest of 15 |
| ROIC minus cost of capital | -5.3 pp | -1.9 pp | 4th lowest of 21 |
| EV / EBITDA | 51.2× | 8.4× | most expensive of 6 |
| Net debt / EBITDA | 15.2× | -0.4× | most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Global New Material International 6616.HK | Hong Kong | $1.32B | -3% | +165% | 0% | 14.1× | n/a | n/a |
| Dawei Technology (Guangdong) 600589.SS | China | $1.32B | -38% | +29% | -10% | n/a | n/a | n/a |
| COFCO Biotechnology 000930.SZ | China | $1.32B | -21% | -9% | -2% | n/a | n/a | n/a |
| REX American Resources REX | United States | $1.31B | -21% | +6% | 15% | 26.2× | -3.8% | +11.7% |
| Industrie De Nora DNR.MI | Italy | $1.31B | -23% | -2% | 14% | 16.0× | n/a | n/a |
| Jiangyin Jianghua Micro-electronics Materials 603078.SS | China | $1.33B | -7% | +18% | 7% | 79.3× | 32.0% | +17.0% |
| Beijing Haixin Energy Technology 300072.SZ | China | $1.30B | -20% | +61% | -9% | 121.7× | n/a | n/a |
| Shiny Chemical Industrial 1773.TW | Taiwan | $1.29B | -20% | +20% | 22% | 15.1× | 5.5% | +8.1% |
| Chengzhi 000990.SZ | China | $1.29B | -43% | -7% | 7% | 10.6× | -2.8% | +2.2% |
| Shandong Kaisheng New Materials 301069.SZ | China | $1.28B | -19% | +20% | 13% | 47.0× | 29.2% | +10.4% |
| Wankai New Materials 301216.SZ | China | $1.35B | -48% | +5% | 4% | 8.3× | n/a | n/a |
| BASF India BASF.NS | India | $1.35B | -23% | +13% | 4% | 17.4× | n/a | n/a |
| GCH Technology 688625.SS | China | $1.38B | -32% | +8% | 18% | 19.2× | 27.6% | +16.3% |
| Guizhou Redstar Developing 600367.SS | China | $1.25B | +14% | +1% | 7% | n/a | 26.8% | +9.1% |
| Anhui Shenjian New Materials 002361.SZ | China | $1.25B | -54% | -4% | -3% | n/a | n/a | n/a |
| Shanghai Chlor-Alkali Chemical 600618.SS | China | $1.24B | -29% | +2% | 6% | n/a | -0.4% | +9.9% |
| Guangdong Guanghua Sci-Tech 002741.SZ | China | $1.40B | -9% | +61% | 4% | 58.4× | n/a | n/a |
| Shandong Dawn Polymer 002838.SZ | China | $1.40B | -35% | +31% | 6% | 19.3× | n/a | n/a |
| Shenzhen Rongda Photosensitive & Technology 300576.SZ | China | $1.40B | -31% | +14% | 10% | n/a | n/a | n/a |
| Nan Pao Resins Chemical 4766.TW | Taiwan | $1.24B | -6% | +3% | 16% | 13.3× | -8.7% | +8.3% |
| Zhejiang Jiahua Energy Chemical Industry 600273.SS | China | $1.23B | -22% | +4% | 5% | 7.8× | -6.3% | +12.9% |