Global New Mat International (06616) saw its share price climb nearly 4% in late morning trading on the Hong Kong Stock Exchange. As of the latest update, the counter was up 3.92%, quoting at HK$10.86, with a turnover of HK$30 million. The uptick follows the company's recently released interim results for the six months ended June 30, 2026.

According to the earnings report, the group generated total revenue of RMB 2.558 billion, marking a year-on-year increase of 180.51%. Looking at the segment breakdown, the German business division contributed RMB 1.521 billion in revenue during the first half of 2026, which included RMB 1.138 billion from pearlescent pigments, RMB 273 million from cosmetic active ingredients, and RMB 108 million from functional fillers.

Analysts at SDIC Securities note that after stripping out the impact of exchange rate fluctuations, the German division's average monthly revenue during the first half of 2026 grew by 32.3% compared to the monthly average recorded during the August-December 2025 consolidation period. This indicates that acquisition and integration synergies are progressively becoming evident, with cross-selling initiatives in the industrial sector already yielding formal orders across multiple markets.

The brokerage firm also highlights that, excluding non-cash accounting adjustments related to the acquisition, the German division achieved a gross margin of 37.6% for the first half of 2026, an increase of 8.2 percentage points from the adjusted margin of 29.4% recorded during the consolidation period last year. As the integration process moves into the efficiency-releasing stage, ongoing optimization in operational efficiency and cost control capabilities is helping drive a steady improvement in the profitability of the German business segment.