8 11 月, 2022

COP 27 Egypt: PLN shares its biomass co-firing implementation in coal power plants

Sharm El Sheikh, Egypt, Nov 8, 2022 - (ACN Newswire via SEAPRWire.com) - One of PLN's efforts to accelerate decarbonization is to decrease the usage of fossil energy. In the power sector, PT PLN (Persero) will begin to gradually early retire Coal Fired Power Plant (CFPP). Meanwhile, to reduce emissions from existing operational CFPPs, PLN has implemented biomass co-firing technology.PLN Director of Transmission and System Planning, Evy Haryadi, has explained that PLN is implementing co-firing technology at 33 CFPPs. Whereas, for the next two or three years, PLN will add more co-firing technology at 52 CFPPs.Evy said, the co-firing technology conducted by PLN is not solely to reduce emission. Biomass co-firing technology is inviting the community to be actively involved by planting biomass, or even by managing their regional household waste to be processed and converted into pellets for co-firing at CFPP - hence creating new value creation opportunity for the local community."Up until now PLN has produced 653 GWh of clean energy from biomass co-firing, which is equal to reducing 656 thousand tones CO2 emission," said Evy on Climate Change Summit (COP 27) at Sharm El Sheikh, Egypt, Sunday (6/11).By 2025, PLN aims to utilize 10 million tones biomass annually to implement co-firing technology at CFPPs. This amount is equal to 12 percent biomass composition as feedstock in the CFPPs. Hopefully, with this step PLN can reduce carbon emission for 11 million tones CO2 per year.The challenge ahead, Evy said, is to secure adequate biomass supply for co-firing implementation. To secure the supply, PLN has cooperation agreement with 3 SOEs, namely PT Perhutani, PT Perkebunan Nusantara and PT Sang Hyang Seri."We also work with local government to process municipal waste into solid recovered fuel or SRF, which can be used as biomass material for co-firing," Evy explained.The Government also expressed support for PLN's co-firing program. Deputy Management Environment and Forestry Coordinating Ministry for Maritime & Investment Affairs, Nani Hendarti, explained that the action PLN has taken is aligned with the goals of Government of Indonesia in reducing carbon emission.Furthermore, Nani explained that in order to develop this technology, Government of Indonesia is supporting the development of energy forest to utilize idle area for energy plantation. The Government also supports local stakeholders to manage municipal waste to be converted to biomass feedstock for PLN co-firing."The next challenge is to ensure the supply of biomass is sufficient for PLN's CFPP. Recently, we are coordinating across ministries to create a regulation or law framework, so that the scheme can run smoothly and with economical raw material," Nani said.Contact:Gregorius Adi TriantoExecutive Vice President of Corporate Communications and TJSL PLNT: 0217261122Source: PT. Perusahaan Listrik Negara (Persero) [IDX: PLN] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

7 10 月, 2021

Mattex Asia Announces Partnership With Build King

HONG KONG, Oct 7, 2021 - (ACN Newswire via SEAPRWire.com) - Mattex Asia Development Limited ("Mattex Asia"), a subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711), today announced that Build King Holdings Limited ("Build King"), a major construction contractor in Hong Kong, has agreed to invest in the company and a cooperation agreement signing ceremony was held this morning. The contract value of the investment is approximately HK$6 million. Build King will become the strategic shareholder of Mattex Asia and the parties will cooperate in accelerating the digitalisation of processes used in construction material management and procurement.Mr. Pang Yat Ting, Dominic, Chairman of AAI (third left); Ir Dr. Pang Yat Bond, Derrick, JP, CEO of AAI, Founder and Chairman of Mattex Asia (second right); Ir Zen Wei Peu, Derek, Chairman of Build King (middle), Mr. Roy Lam, CEO of Mattex Asia (third right); Mr. Shea Chun Lok, Martin, CFO of AAI (second left); Mr. Cheung Ho Kin, Dennis, Director of Mattex Asia (first right), and Ms. Li Hing Tin, Joyce, Financial Controller of AAI (first left), attended the contract signing ceremony. Ir Zen Wei Peu, Derek, Chairman of Build King Holdings Limited, said, "Promoting the advancement of electronic processes and smart management have become the primary development projects of the construction industry. I am very pleased to see that Mattex Asia has set a precedent for the industry by building the first online management and procurement platform in the construction material procurement market, boasting an annual market value of as much as HK$120 billion. As a construction contractor in Hong Kong that constantly pursues innovation, and one of Mattex Asia's first customers, Build King strives to invest resources in the optimisation and development of the 'eMat' construction material management and trading platform. We are confident that 'eMat' will pioneer revolutions and drive new trends within the industry."Ir Dr Derrick Pang, JP, Chief Executive Officer of Asia Allied Infrastructure, Founder and Chairman of Mattex Asia, said, "We are delighted that Build King has chosen to invest in our company and become our strategic partner. This alliance will strengthen Mattex Asia's 'eMat' platform, enable the continued development of the electronic processes used for construction material management and procurement, and leverage technologies to improve traditional construction project workflows and promote the evolution of the industry. Through this cooperation, Mattex Asia will build on its positive relationship with the construction industry and facilitate the sustainable development of the platform, in a bid to create an efficient operating system for the entire industry and launch a new era of intelligent management."The "eMat" digital construction material management and trading platform, operated by Mattex Asia, has been well received by the industry since its launch. It allows contractors to efficiently conduct the procurement and management of construction materials and also helps construction material suppliers seek business opportunities. The platform has a range of excellent features. For example, suppliers can tender bids on the "eMat" platform immediately after receiving real-time quotation notifications from the system; contractors can communicate with suppliers in real time through the "eMat" platform; contractors can keep track of the procurement process and delivery progress at any time, resulting in a significant reduction in operating costs; and order records are stored electronically on the "eMat" platform, thereby minimising the risks of data loss and human error.Mattex Asia Development LimitedMattex Asia Development Limited ("Mattex") was found in 2017, as a member of Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK). Mattex is a technology development company pioneering an end-to-end material management platform, endeavouring to drive the digital transformation in construction industry and optimize sales channels to help companies increase its profits.Build King Holdings Limited (Stock code: 00240.HK)Build King Holdings Limited ("Build King") provides extensive construction services in three main areas: civil engineering work, buildings and environment. With a proactive management philosophy and multi-disciplinary competency, the Group applies its comprehensive expertise to different types of private and public projects, covering various stages of the works from initial design and construction, testing and commissioning, to facility management and operation. It undertakes a wide range of construction works, including those worth billions of Hong Kong dollars. Asia Allied Infrastructure Holdings Limited (stock code: 00711.HK)Asia Allied Infrastructure Holdings Limited ("Asia Allied Infrastructure") is listed on the Main Board of the Hong Kong Stock Exchange under stock code 00711. The Group operates businesses such as construction engineering and management, property development and assets leasing, security and facility management, tunnel management, non-franchised bus services, as well as medical technology and health care. Its subsidiary "Chun Wo" is a renowned construction contractor and property developer in Hong Kong. Chun Wo's solid construction experience and professional capabilities have enabled the Group to seize suitable development opportunities, allowing the Group to enhance its overall profitability and investment value.For press enquiries:Strategic Financial Relations Limited Cindy Lung (852) 2864 4867 cindy.lung@sprg.com.hkWilson Ngan (852) 2114 4318 wilson.ngan@sprg.com.hkTiffany Mak (852) 2114 4951 tiffany.mak@sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

1 10 月, 2021

Global New Material, leading the new materials industry, answers in its interim report after 19-day price rally

HONG KONG, Sept 28, 2021 – (ACN 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 the first half of 2020, a total gross profit of RMB162 million, representing an increase of 36.0% as compared with that in the first half of 2020, and a total profit attributable to the parent company of RMB94.10 million, representing a significant increase of 54.3%. For now it appears that the capital market values the growth potential of Global New Material in the field of pearlescent materials. In the future, with the continued endogenous growth of the industry and the Company’s industry-leading role, Global New Material’s stock price momentum at the moment could be only the beginning. Strong growth in multiple businesses drove revenue Global New Material is specialized in pearlescent pigment products, coatings, mica and other related products. When measuring revenue in 2020, Global New Material is the world’s largest producer of synthetic mica-based pearlescent pigments, the world’s fourth-largest producer of pearlescent pigments, and the producer of pearlescent pigments with the highest market share in China. In the first half of 2021, natural mica-based pearlescent pigment products, synthetic mica-based pearlescent pigment products and glass flake-based pearlescent pigment products, which accounted for the largest part of Global New Material’s total revenue, had their revenues increasing by 20.7%, 31.2% and 46.3% respectively and contributed to 25.3%, equivalent to RMB307 million, in the increase in Global New Material’s total revenue. Impressive increase in gross margin and expense ratio further drove up net profit rate Synthetic mica-based, glass flake-based and silica-based products are more profitable than natural mica-based products. In the first half of 2021, the revenue of these three types of products accounted for 44.4% of Global New Material’s total revenue, representing an increase from 41.9% in the first half of 2020, which led to a remarkable rise in Global New Material’s gross margin to 52.7% from 48.6% in the first half of 2020. With the growth in both revenue and gross margin, Global New Material had its final net profit increasing significantly by 56.5% to RMB98.181 million, and its net margin increasing by 6.4 percentage points to 32%. Great market potential and capacity expansion support future growth Pearlescent pigments are advantageous over traditional pigments in terms of fading resistance, nontoxicity, safety and environmental friendliness, and therefore are rapidly replacing traditional pigments. Compared with natural mica-based pigments, synthetic mica-based pearlescent pigments perform much better in terms of glossiness, transparency and high-temperature resistance, and generally do not contain heavy metals. Therefore, synthetic mica-based pearlescent pigments are more suitable for the fast-growing high-end markets such as automobiles and cosmetics. According to a Frost-Sullivan report, the global market size of synthetic mica products is expected to exceed that of natural mica products in 2022; the market size of synthetic mica products and natural mica products will reach RMB15.4 billion and RMB9.7 billion respectively by 2025; the market size of synthetic mica-based products in China is expected to expand by 39.7% in the next five years and reach RMB7.6 billion by 2025. In 2020, Global New Material came close to full capacity, with pearlescent pigments and synthetic mica products reaching nearly 14,000 tons and 10,000 tons respectively. Global New Material’s phase-2 plants are under construction, and once put into production, are expected to realize a capacity of 30,000 tons of pearlescent pigments and 30,000 tons of synthetic mica products. Forecast by Global New Material, a capacity of 6,000 tons of pearlescent pigments will be realized in the fourth quarter of this year, and a capacity of 6,000 tons of synthetic mica products will be realized in the second quarter of next year, which will lead to a further growth of Global New Material’s performance. Media contact:Haolu Wang, PeanutmediaE: wanghaolu@czgmcn.comT: +86 18345 162685W: www.Peanutmedia.com

19 7 月, 2021

7.7% Below IPO Floor Price, Global New Material’s Low Offer Price Reveals Its Ambition to be Global Leader

HONG KONG, Jul 19, 2021 - (ACN Newswire via SEAPRWire.com) - Global New Material, a leading company in the global new consumable materials market, gave a 'big gift' to its investors before officially listing. On July 9, Global New Material (stock code: 6616) announced an IPO price of HKD3.25, 7.67% lower than the previous IPO floor price. From the investors' perspective, Global New Material lowering its IPO price from that of the IPO period, in fact, has left more room for market share price appreciation in the future.High-quality companies prefer low-price offerings in mature capital marketsIn mature capital markets, the lower-price offering is an effective strategy for information transmission. Those high-quality companies that are confident in their future business operations prefer the low-price offering strategy with higher market awareness, instead of advertising, extended lock-up period, underwriting by high-reputation investment banks or other approaches to deliver their intrinsic value to the markets.The low-price offering is not harmful to high-quality companies as the low-price offering will attract more investors and will further lay a solid foundation for their post-listing stock price growth. Continuous growth in stock price and market value is extremely conducive to post-listing financing and therefore, will make up the value that companies give to their investors in IPO.Besides, the low-price offering strategy is unlikely to be copied by poorer-quality companies. Since poorer-quality companies probably "usher in the peak when they go public" and then experience stock price decline, they will not and dare not purposefully lower their offering price. In fact, Global New Material lowering its IPO price is probably not only for this purpose.Global New Material is preparing for access to Southbound Trading LinkLow-price offering activates stock trading, which probably demonstrates Global New Material's preparation for access to Southbound Trading Link. Access to Southbound Trading Link is a very essential step to enhance market attention and activate stock trading of stocks listed in Hong Kong. It is learned from the management that Global New Material, which has just completed its IPO, is currently preparing for access to Southbound Trading Link.The inclusion of Hang Seng Indexes will affect the inclusion of the Southbound Trading Link. According to the inclusion criteria of Hang Seng Indexes, the turnover rate is also considered in addition to the examination of the companies with the top 95% of the market capitalization in the option pool. Global New Material's low-price offering strategy can facilitate faster meeting the requirements at the market dealing level.Global New Material, which is preparing for access to Southbound Trading Link, is expected to experience stock price growth. Aftermarket close on August 20, 2021, the results of the latest mid-term review of Hang Seng Index constituent stocks will be released. As calculated by brokerage firms, the average market value threshold for entry into Hang Seng Composite Index this time is approximately HKD8.77 billion.Global New Material currently applies an offering price of HKD3.25 with a stock market value of HKD3.779 billion, which is lower than that required for access to Southbound Trading Link. However, the company still strongly desires to make access to Southbound Trading Link, indicating that its management is confident in its future business operations and post-listing stock price performance.Two new materials are of great potential in huge consumer marketsBoth pearlescent pigments and synthetic mica, Global New Material's two main types of new material products, are of great potential in huge markets in the fields of basic necessities of life and other consumer fields.Pearlescent pigments are penetrating high-end fields at an expedited pace while replacing traditional pigments. As shown in the prospectus, Global New Material's pearlescent pigments have two major significant advantages over traditional pigments in terms of being colour-lasting, toxic-free, harmless and environmentally friendly. In addition to traditional application fields, there is a fast-growing demand for pearlescent pigments in recent years in various high-end fields such as automobiles and cosmetics.From 2021 to 2025, the compound annual growth rate of the global pearlescent pigment market will further climb to 23.9%, and the compound annual growth rate of pearlescent pigments in the global automotive and cosmetics sectors will surprisingly reach 47.1% and 32.8% respectively. Therefore, Global New Material's pearlescent pigment products are expected to be applied in a wider range of application fields and occupy a huge market share with tremendous potential for future growth.Synthetic mica is also penetrating mid-to-high-end consumer markets, such as the fairly popular field of fuel cells. In view of the exhaustion of natural mica resources in China and synthetic mica products' advantages in terms of insulation, high-temperature resistance and corrosion resistance, there is an extremely strong demand for synthetic mica products and synthetic mica-based pearlescent pigments which are priced at a medium-to-high level and are mainly applied in mid-to-high-end industrial fields and other fields such as automobiles and cosmetics.Moreover, according to scientific research findings, synthetic mica materials are being used to improve the existing fuel cell technology by virtue of their high proton conductivity and excellent heat resistance. The existing product prototype, i.e. mica membrane, is recognized as a new proton-conducting membrane with high proton conductivity.To sum up, pearlescent pigments and synthetic mica, as two new material products, are of tremendous market potential, and Global New Material, as the leader in the fields of such two new materials, has gained dominant competitive advantages.Comprehensive advantages cement the dominant position in the fields of the scarcest resourcesIn both pearlescent pigments and synthetic mica, Global New Material has built significant advantages in technology and business scale. In 2020, in terms of corporate revenue, Global New Material was the largest pearlescent pigment manufacturer in China with a market share of 11% and ranked fourth in the global market with a market share of 3%. Global New Material has sold its products to more than 30 countries and regions worldwide, and its technical team is headed by Professor Jiansheng Fu - known as the leading authority on pearlescent materials in China and father of chameleon pearlescent materials. According to the prospectus, Global New Material is currently the only company in the field of synthetic mica that possesses all the core technologies of synthetic mica. Backed by strong R&D, Global New Material can launch over 100 new products each year, leading the global industry.Contact:Haolu Wang, PeanutmediaE: wanghaolu@czgmcn.comURL: www.Peanutmedia.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

8 7 月, 2021

Global New Material (6616.HK): Dominating two new materials with a market share of RMB100 billion

HONG KONG, Jul 8, 2021 - (ACN Newswire via SEAPRWire.com) - New materials, with the new international situation, has become a key segment for overcoming market challenges, and is favoured by national strategic development planning policies. Pearlescent materials and synthetic mica are high value-added new materials. Global New Material (6616.HK), which carried out its IPO from June 30 to July 6 and plans to issue 290 million shares at HKD3.52-4.22 when it lists July 16, produces China's market-leading shares in both.Pearlescent materials are expected to boom, achieving a market size of over RMB140 billion.Pearlescent materials have dominant advantages when compared with traditional pigments. As a new consumable material without a definite industry life cycle, pearlescent pigments are rapidly replacing traditional organic pigments and metal pigments, and are widely applied in coatings, inks, plastics, cosmetics, automobiles, aerospace and other fields. As set forth in the Classification of Strategic Emerging Industries (2018) issued by the central government, pearlescent materials are included in the pigment manufacturing sector of strategic emerging industries.Global New Material, which stays focused on technology, plays a leading role in the field of pearlescent materials. With the strong support of the technical team, headed by Professor Jiansheng Fu, a world-renowned pearlescent material expert known as the leading authority on pearlescent materials in China, and father of chameleon pearlescent materials, Global New Material can launch over 100 new products every year, including silicon ball series, the Light of the Dawn series, and other innovative lines of products leading the global industry.Global New Material has sold its products in China and to more than 30 countries and regions in Asia, Europe, Africa and South America. As shown in a report issued by Frost & Sullivan, in terms of corporate revenue, Global New Material was the largest manufacturer of pearlescent materials and the industry leader in China in 2020 with a market share of 11.0%, the only company in China that occupies a market share of over 10%.In the global market, Global New Material ranked as the fourth largest manufacturer of pearlescent materials in 2020 with a market share of 3.0% which is only 0.2% lower than that of the third largest one. Global New Material is currently in the explosive stage of acquiring a market share of RMB140 billion.On the whole, the global pearlescent material market is on the steady rise with the market seize reaching RMB18.9 billion in 2020 and with a compound annual growth rate of 19.2% from 2016 to 2020. Considering that the total market size of the global pigment market is currently RMB160 billion, pearlescent pigments are expected to replace other pigments and gain a bigger market share.As forecasted by Frost & Sullivan, in view of consumption upgrade and of the fact that pearlescent materials are gradually replacing other pigments, the market size of the pearlescent material market will reach RMB44.6 billion in 2025, and the compound annual growth rate of the global pearlescent pigment market will further climb to 23.9% from 2021 to 2025, indicating that the industry is in the explosive growth stage. (Chart #1)In the mid-to-high-end consumer sector, the market share occupied by pearlescent materials is growing at an expedited pace.According to data, the market size of automotive-grade pearlescent materials reached RMB950 million in 2020, accounting for 5.0% of the overall market size of the pearlescent materials market. In the field of cosmetics, the market size of cosmetic-grade pearlescent materials is also on the steady rise. Data shows that from 2021 to 2025, pearlescent materials to be applied in the global automotive market and the global cosmetics market will experience a compound growth rate of 47.1% and 32.8% respectively. (Chart #2)In the consumer sectors, especially in the mid-to-high-end consumer sector, pearlescent materials that are gaining a greater market share will continue to drive the rapid development of Global New Material.However, in addition to pearlescent materials, synthetic mica that is a new material extending to the upstream of the industrial chain and having core technical advantages is also giving strong support to the development of Global New Material.From pearlescent materials to fuel cells, synthetic mica is of great market potentialSynthetic mica is widely applied in different fields, and is used as a base material of pearlescent materials. First-generation pearlescent materials are natural mica-based, and all-natural mica materials currently used are imported from India as natural mica in China has been exhausted. In this context, the best solution for achieving localization and avoiding reliance on imported technologies is to replace natural mica with synthetic mica.Data shows that the market share of synthetic mica-based pearlescent pigments has increased from 5.3% in 2016 to 11.7% in 2020. Driven by the technology advancement and productivity improvement of synthetic mica, the market share of synthetic mica-based pearlescent pigments in the global market is expected to reach 23.6% in 2025, and the synthetic mica-based pearlescent pigment market will usher in a compound annual growth rate of 47.6% from 2021 to 2025.Mica products are also widely used in producing insulating materials and refractory materials which are further used in electric power, high-temperature smelting, household appliances and other fields. In 2020, the market size of mica applied in producing pearlescent materials, in producing refractory materials, and in producing insulating materials reached RMB1.38 billion, RMB7.66 billion, and RMB3.70 billion respectively.Moreover, synthetic mica products with better overall performance than natural mica products are still extending to higher-end markets, including the field of fuel cells that is the focus of the most attention in the market. Additionally, these materials can be further applied to semiconductors and other cutting-edge fields.Given that synthetic mica-based products show better insulation, high-temperature resistance and corrosion resistance than natural mica-based products, synthetic mica-based products are more likely to be used in higher-end fields and broader applications. For example, synthetic mica-based products are widely used in producing cosmetic-grade and automotive-grade pearlescent pigment products, and in the thermal insulation material industry and even the fuel cell field of new energy vehicles.Mica can be used as a high-temperature proton exchange membrane for fuel cells. Studies found that compared with graphene, which is developing as a proton-conducting material, mica performs better in terms of proton conductivity and thermal stability. At 150 degrees Celsius, mica membrane shows proton conductivity more than 2 times higher than that required for commercialization, which indicates that vehicles designed with fuel cells using mica membranes will have a greatly improved mileage.At present, mica membrane as a new type of proton-conducting membrane material with high proton conductivity has taken shape in the research and development process. Studies found that the treated mica films show greatly improved proton conductivity and have their service temperature having been increased from 100 degrees Celsius to 500 degrees Celsius, and that the application of such films with high proton conductivity and excellent heat resistance in improving existing fuel cells will boost the development of the field of fuel cell vehicles.Global New Material, which ranks first in the synthetic mica industry, is expected to be able to fully exploit the potential of this field. In 2015, the Ministry of Industry and Information Technology of the People's Republic of China listed synthetic mica as one of the 18 key basic new materials for the national industrial upgrading project, and only CHESIR (now Global New Material) was authorized to take on this project.As the only company in the industry that possesses all the core technologies of synthetic mica, Global New Material has effectively solved the key technical difficulties such as control instability, poor insulation performance, and hardness and brittleness caused by high fluorine content, and has realized the localization of the production of high-quality synthetic mica with the world-leading quality level of synthetic mica products. Besides, Global New Material is also expanding applications of synthetic mica.Global New Material's business scale is currently ranking first in the global industry.In the global synthetic mica-based pearlescent materials market, top five market players ranked by corporate revenue in 2020 occupied a total market share of 28.1%, and Global New Material ranked first with a market share of 8.9% which is 3.4% higher than that of the second one. In the domestic market, Global New Material ranked first with a market share of 25.4% which is more than twice the market share of 12.5% of the second player. (Chart #3)With significant advantages in terms of technology and business scale, Global New Material will have immeasurable development prospects so long as it can commercialize synthetic mica in the field of fuel cells. As a leader in the global new material market which is gaining market share and has space for future development, Global New Material will appear in the secondary market at an attractive corporate valuation.Global New Material still has an advantage in corporate valuation under the drive of two types of new consumable materialsGlobal New Material currently has a share capital of 1.163 billion shares at an issue price of HKD3.52-HKD4.22, with a total market value of HKD4.094 billion to HKD4.909 billion.Global New Material had its net profit attributable to shareholders reaching RMB77.402 million, RMB103 million and RMB148 million respectively from 2018 to 2020, and had the net profit attributable to shareholders in 2019 and 2020 showing a year-on-year increase of 33.07% and 43.69% respectively. It is estimated based on those data that Global New Material's price-to-earnings ratio will reach 15x-18x in 2021.Ganfeng Lithium, a listed company on HKEx that is engaged in the upstream fields of the new energy battery, is expected to achieve a price-to-earnings ratio of about 64x in 2021, and Flat Glass Group, engaged in the industry of new energy photovoltaic glass materials, is expected to achieve a price-to-earnings ratio of 23x in 2021. This means that as an industry-leader possessing core technologies necessary for manufacturing two types of new consumable materials, Global New Material is of great potential to increase its corporate valuation.Moreover, once its second-phase plant, with an annual output of 30,000-ton synthetic mica, is completed and put into operation, Global New Material will be able to take control of the upstream fields in the global supply chain of synthetic mica products, to take a leading position in the pearlescent material industry and the synthetic mica industry, and as a result, to further enhance its net profitability in the future.Therefore, a wave of investment is expected to be triggered once Global New Material is officially listed on July 16.Contact:Haolu Wang, PeanutmediaE: wanghaolu@czgmcn.comURL: www.Peanutmedia.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

8 7 月, 2021

Global New Material’s IPO: Leading Consumable Material Producer to Benefit with Listing

HONG KONG, July 7, 2021 - (ACN Newswire) - Global New Material, the global leader in the field of new consumable materials, specifically pearlescent materials, is currently in the offering stage, a step away from its official July 17 listing (6616.HK) on the Stock Exchange of Hong Kong. Global New Material International Holdings Limited, or Global New Material, has become the largest pearlescent material manufacturer in China and is aiming to be the largest in the world by virtue of its unique technical advantages.Synthetic mica is expected to replace traditional pigments, while pearlescent materials should further expand in middle and high-end consumption fields, ushering in higher localization rates. We expect Global New Material, benefitting from opportunity in both pearlescent materials and synthetic mica, will develop at a firmer pace with capital market support.Global New Material remains the industry leader by virtue of its dominant advantages in technologyWith the top talent in the industry and synthetic mica as a key base material, Global New Material focuses on R&D and innovation, and has accumulated significant and dominant technical advantages.Global New Materia's technical team is headed by Professor Jiansheng Fu, a world-renowned pearlescent material expert, and is acclaimed as the premier authority on pearlescent materials in China and as the father of chameleon pearlescent materials. His team authors more than 100 advances in new material research every year, including the silicon ball series, the "Light of the Dawn" series and other innovative material lines already leading international markets.Global New Material has also hired two doctors from the French Academy of Sciences to run the development of cosmetics products. Global New Material's products have been put into mass production, and have been supplied to several big-name cosmetics companies. Moreover, Global New Material has set up a team dedicated to studying the downstream application of pearlescent materials and has developed thousands of personalized products using pearlescent materials, as well as personalized color product-related services for customers.In particular, Global New Material has the technical advantages in manufacturing synthetic mica, the second-generation base material used in pearlescent materials. There is an increasingly stronger demand for synthetic mica as natural mica is on the verge of exhaustion. In this context, Global New Material is currently the only company in the industry that has all core technologies required for manufacturing synthetic mica.To date, Global New Material pearlescent materials are found in 473 natural mica-based products, 266 synthetic mica-based products, 30 glass sheet-based products, and 5 silica-based products. Global New Material pearlescent materials are widely applied for different purposes and in different industries covering automotive coatings, cosmetics, industrial coatings, plastics, printing, textiles, leather and ceramics.Additionally, Global New Material sells synthetic mica powder products of different particle sizes which are used in pearlescent material products of different grades and produce functional fillers, insulating materials, refractory materials and raw materials of nickel-hydrogen batteries. Global New Material not only remains the industry leader by relying on technical advantage, but it has shaped its business scale as well.According to the prospectus, Global New Material has sold products to more than 30 countries and regions in Asia (excluding China), Europe, Africa and South America. As shown in a report issued by Frost & Sullivan, in terms of corporate revenue, Global New Material was the largest manufacturer of pearlescent materials and China's industry leader in 2020 with a market share of 11.0%, the only company in China with a market share of over 10%.In the global market, Global New Material ranked as the fourth largest manufacturer of pearlescent materials in 2020 with a market share of 3.0%, only 0.2% lower than that of the third largest. In the synthetic mica-based pearlescent materials market, the top five by corporate revenue in 2020 occupied a market share of 28.1%, Global New Material ranked first with a market share of 8.9%, 3.4% higher than that of the second one. In the domestic market, Global New Material ranked first with a market share of 25.4%, more than twice the market share of the second player.In recent years, Global New Material's production capacity has been on the rise. Specifically, its annual planned production capacity of pearlescent material products reached 10,464 tons, 12,978 tons and 13,740 tons at the end of 2018, 2019 and 2020 respectively, and its annual planned production capacity of synthetic mica powder doubled from 4,752 tons at the end of 2019, which remained stable for two years, to 9,504 tons at the end of 2020.,Driven by existing advantages, business performance is growing at a remarkably expedited paceGlobal New Material's two core business segments, natural mica-based and synthetic mica-based products have been on the marked rise, leading to continued increases in corporate revenue.According to the prospectus, 2018 to 2020 sales volume of natural mica-based products, which account for the largest percentage of Global New Material's revenue, reached 7,217.9 tons, 8,822.4 tons and 10,056.8 tons respectively, an average annual compound growth rate of 18.04%.Sales volume of synthetic mica-based products, which account for the second-largest percentage of Global New Material's revenue, reached 1,228.8 tons, 2,231.8 tons and 3,943.5 tons respectively an average annual compound growth rate of 79.14%.Benefiting from the stable increase in sales volume of the forgoing core business segments and of glass sheet-based and silicon oxide-based products, the overall sales volume of Global New Material increased from 8,535.5 tons in 2018 to 11,264.5 tons in 2019 and even reached 14,243.3 tons in 2020.In terms of corporate revenue, natural mica-based products contributed RMB245 million, RMB296 million and RMB319 million in 2018, 2019 and 2020 respectively, showing a steady increase. The corporate revenue contributed by synthetic mica-based products rapidly increased from RMB68.28 million in 2018 to RMB197 million in 2020, with the proportion of total corporate revenue increasing from 21.5% to 34.6%.The corporate revenue contributed by glass sheet-based products increased by 9.1 times and 2.4 times in 2019 and 2020 respectively from RMB1.375 million in 2018, and reached RMB46.821 million in 2020. In the past three years, Global New Material's corporate revenue reached RMB318 million, RMB441 million and RMB569 million respectively, increasing by 38.44% and 29.17% in 2019 and 2020 respectively. In particular, a remarkable increase was achieved during COVID-19 in 2020.We can see that growth in gross profit margins and optimization of expense ratios continues to enhance Global New Material's profitability.According to financial data, benefiting from the expansion of business scale and technological improvement, Global New Material's gross profit margin increased from 49.5% in 2019 to 49.9% in 2020 even though it lowered prices of its core products during the epidemic prevention and control period in 2020. Besides, its sales expense ratio, administrative expense ratio and financial expense ratio dropped from 5.29%, 12.87% and 4.19% in 2019 to 4.32%, 12.81% and 3.41% respectively in 2020.In this context, Global New Material had its net profit reaching RMB153 million in 2020, with an increase of 42.42% which is significantly higher than 31.92% in 2019, and also had its net profit margin increasing from 24.4% in 2019 to 26.9% in 2020.Benefiting from its production capacity expansion plan and the increasingly stronger demands in the industry, we expect Global New Material to remain on its growth trend with business performance.The era of pearlescent materials is comingPearlescent materials, which replace traditional pigments with new applications under exploration, will be of great potential in the future. Pearlescent pigment is a new composite material produced by imitating the formation principle of pearls, and has a micron-sized mica flake at the core which is coated with a nano-sized metal oxide film. Pearlescent pigments can create beautiful, brilliant and long-lasting colours without harm to human health and the environment, as with natural pearls, and are therefore called "pearlescent materials".As set forth in the Classification of Strategic Emerging Industries (2018) issued by the Chinese central government, mica products are functional fillers as new energy materials used in strategic emerging industries, and mica-based pearlescent materials are pigments as other new functional materials used in strategic emerging industries.Compared with traditional pigments, pearlescent materials involve 2 distinct and innovative elements: (1) pearlescent materials abandon the color generation principle requiring three primary colors that applies to traditional pigments, and adopt the principle of light interference effect for color generation to ensure long-lasting colors; and (2) pearlescent pigments are non-toxic and harmless to human health and environment. As a new consumable material without a definite industry life cycle, pearlescent pigments are rapidly replacing traditional organic and metal pigments, and are widely applied in coatings, inks, plastics, cosmetics, automobiles, aerospace and other fields.With the benefit of higher market penetration in the automotive market, automotive-grade pearlescent materials reached RMB950 million in 2020, accounting for 5.0% of the overall market size of the pearlescent materials market. The market size of cosmetic-grade pearlescent materials is also on a steady rise. From 2021 to 2025, pearlescent materials to be applied in the global automotive market and the global cosmetics market will experience a compound growth rate of 47.1% and 32.8% respectively.On the whole, the global pearlescent material market is on a steady rise with the market seize reaching RMB18.9 billion in 2020 and with a compound annual growth rate of 19.2% from 2016 to 2020. Considering that the total market size of the global pigment market is currently RMB160 billion, pearlescent pigments are expected to replace other pigments and gain an ever-larger market share.As forecasted by Frost & Sullivan, in view of consumption upgrade and of the fact that pearlescent materials are gradually replacing other pigments, the market size of the pearlescent material market will reach RMB44.6 billion in 2025, and the compound annual growth rate of the global pearlescent pigment market will further climb to 23.9% from 2021 to 2025.Meanwhile, the trend of replacing imported products with Chinese-made products is creating great market opportunities for leading companies such as Global New Material.It is known that pearlescent pigment is included in the Directory of High-tech New Material Products for Export and enjoys export tax benefits, and falls in the new material industry encouraged by the state. At present, the market size of the Chinese pearlescent pigment market is expanding at a pace significantly faster than that of the global pearlescent pigment market.The market size of the Chinese pearlescent pigment market expanded at a compound annual growth rate of 23.9% from 2016 to 2020, and is expected to expand at a compound annual growth rate of 30.8% from 2021 to 2025. Even though some pearlescent pigments sold in China are still imported from Germany-based Merck, BASF and other overseas suppliers, the trend of replacing imported products with Chinese-made products will empower the development of Chinese leading companies such as Global New Material.Furthermore, the synthetic mica market is boomingFirst-generation pearlescent materials are natural mica-based, and all-natural mica materials currently used are imported from India as natural mica in China has been exhausted. In this context, the best solution is to replace natural mica with synthetic mica. In 2015, the Ministry of Industry and Information Technology of the People's Republic of China listed synthetic mica as one of the 18 key basic new materials for the national industrial upgrading project, and only CHESIR was authorized to take on this project.Given that synthetic mica-based products show better insulation, high-temperature resistance and corrosion resistance than natural mica-based products, synthetic mica-based products are more likely to be used in higher-end fields and broader applications. At present, synthetic mica powder is usually used to produce cosmetic-grade and automotive-grade pearlescent pigment products.Data shows that the market share of synthetic mica-based pearlescent pigments has increased from 5.3% in 2016 to 11.7% in 2020. Driven by the technology advancement and productivity improvement of synthetic mica, the market share of synthetic mica-based pearlescent pigments in the global market is expected to reach 23.6% in 2025, and the synthetic mica-based pearlescent pigment market will usher in a compound annual growth rate of 47.6% from 2021 to 2025.Like pearlescent materials, synthetic mica is used in broader applicationsIn addition to pearlescent materials, mica products are used in producing insulating and refractory materials which are then used in automobiles, cosmetics, electric power, high-temperature smelting, household appliances and other fields. From 2018 to 2020, the market size of mica applied in producing pearlescent materials reached RMB1.38 billion, RMB7.66 billion, and RMB3.70 billion respectively. Additionally, insulating materials will be applied to semiconductors and other cutting-edge fields.With the improvement of the overall R&D capabilities, synthetic mica with better properties will be applied in more fields such as thermal insulation materials. At present, Global New Material is the only company in the industry that has the core technologies required in producing synthetic mica, and it also occupies the largest market share in the global synthetic mica-based pearlescent material market.With its production capacity being expanded greatly, we expect Global New Material to be the biggest winner of the upcoming market opportunities.All existing production facilities producing pearlescent pigment in Global New Material's first-phase plant are near full capacity. In view of this, Global New Material is investing RMB1.338 billion to build a second-phase facility covering an area of 145,200 square meters, including four factories with a planned capacity of 30,000 tons/yr, power supply facilities, ancillary facilities and warehouses.When the new plant is completed and put into operation, Global New Material should be able to dominate the upstream in the global supply chain of synthetic mica, and therefore become the leading enterprise in the pearlescent material and synthetic mica industry.In summary, Global New Material remains first in China with its technical advantages and aims to lead the global market, developing at an expedited pace following industry opportunity and based on its expansion strategy. We expect to see a new wave of investment by Global New Material following its HKEx debut later this month.Global New Material will trade under stock code HKSE: 6616.Contact:Haolu Wang, PeanutmediaEmail: wanghaolu@czgmcn.comURL: https://www.Peanutmedia.com

5 7 月, 2021

Global New Material (6616.HK) to list on HKEx as New Material Market Shines

HONG KONG, Jul 5, 2021 - (ACN Newswire via SEAPRWire.com) - As one of the seven strategic emerging industries in China and one of the ten key areas of development under the "Made in China 2025" policy, the new material industry is considered the high-tech industry with the greatest potential in the 21st century, with significant impact on future development.Global New Material International Holdings Limited (Global New Material) is a leading player in the market segment, with main products including natural mica, synthetic mica, silica, alumina and other base materials, all representative of the segment in new consumable materials featuring high market barriers, high added value and broad market prospects.Global New Material published its IPO prospectus on 30 June 2021. Dealings in its shares on the Main Board of the Hong Kong Stock Exchange (6066.HK) are expected to commence on 16 July 2021. I. Rapid growth of the new material industry empowers Global New Material's great potential of developmentGenerally, growth stocks are of greater market potential than value stocks, and a company that grows faster than its industry sector usually shows growth in sales and profits. Many outstanding growth stock companies are leaders in some emerging industries. Global New Material has the characteristics of a growth stock company.The fast-growing "new material" industry shows promising prospectsWith its main products including natural mica-based and synthetic mica-based pearlescent pigment products, Global New Material has the core technologies required in producing synthetic mica, occupies a dominant position in the high-end market, and is at the forefront of advanced technology.With breakthroughs made in production technology, the rise of scientific manufacturing, increased public awareness and recognition of synthetic mica-based pearlescent materials in the future, and the gradually increased consumption level, synthetic mica-based, alumina-based and other pearlescent materials will be widely applied in different application fields, and will have further space for market growth.Frost & Sullivan forecasts that the market size of the global new materials market will reach RMB3,251.11 billion in 2024, with an average annual compound growth rate of 10.9% from 2020 to 2024. Frost & Sullivan also forecasts that from 2021 to 2025, the new material market segment in which Global New Material is will experience a compound annual growth rate of 23.9% and 30.8% respectively in the global market and the Chinese market, and a rapidly increasing quantity of pearlescent materials will be applied and demanded.Moreover, there is a strong demand for high-end and high-performance pearlescent pigment products, and the fields of automobiles and cosmetics in which pearlescent pigment products are widely applied have been developing rapidly in recent years with an annual compound growth rate of 47.1% and 32.8% respectively from 2021 to 2025, which indicates that there is a strong demand for high-end and high-performance pearlescent pigment products, and that Global New Material is expected to further develop in this context.Global New Material is building a second-phase plant for production of high-end products as synthetic mica-based products, triggering a new wave of growthFrom 2018 to 2020, Global New Material revenue increased from RMB318 million to RMB569 million and remained on the steady rise in business performance, with a compound growth rate of revenue reaching 33.7%. The company achieved this business performance thanks to continuous increase in its product sales volume and its adjustments to product structure.In terms of sales volume, the sales volume of Global New Material's pearlescent pigment products increased from 8,451 tons in 2018 to 14,165 tons in 2020. In terms of revenue structure, the proportion of synthetic mica-based products in total revenue remained on the rise from 2018 to 2020, and increased from 21.8% in 2018 to 34.6% in 2020. Therefore, synthetic mica-based products have become one of the main pillars supporting Global New Material's business performance growth.In the industrial field, synthetic mica-based pearlescent materials can replace metal, organic and inorganic pigments. Synthetic mica-based pearlescent materials are priced at mid- to high-level, and are mainly applied in mid-to-high-end industrial, automobiles, cosmetics and other fields. Under the influence of the trend of consumption upgrade, increasingly higher requirements are made for the performance of pearlescent materials. Synthetic mica-based pearlescent materials will be widely applied in a wide range of application fields, indicating that such materials will enjoy market potential in the high-end market.Frost & Sullivan forecasts that from 2020 to 2024, the domestic demand for pearlescent materials will be on the rise, especially in the high-end market represented by synthetic mica-based pearlescent materials.In order to meet the strong demand in the market for high-end and high-performance pearlescent pigment products, Global New Material is building the second-phase plant to expand its production capacity and seize market potential of pearlescent pigment products. The plant is expected to be put into operation in 2021.According to the prospectus, Global New Material will start trial production of 6,000-ton synthetic mica in its newly-added production capacity in the second quarter of 2022, and will further expand its production capacity to 14,000 tons in the second quarter of 2023 and to 30,000 tons in the second quarter of 2025.II. Global New Material possesses many patents, core technologies, and sustainable competitive advantageIt is well known that in the investment philosophy proposed by Buffett, those companies with high gross profit margin in the industry have more advantages. Gross profit margin reflects a company's ability to transform business operations into profit, and also reflects a company's unique advantages in raw material pricing, production technology level, product competitiveness, supply-and-demand relations, market pricing power.That is to say, gross profit margin directly reflects a company's competitiveness. Gross profit margin of Global New Material was in the range of 46.2%-49.9% from 2018 to 2020. Can we see the unique advantages?Global New Material possesses core technologiesTechnological breakthroughs in the field of pearlescent materials has become one of the major trends in the future development of the industry. Regarding core technologies, breakthroughs in the technologies applied in producing synthetic mica are one of the key factors driving performance improvement of pearlescent materials. At present, base materials used in pearlescent materials mainly include natural mica and synthetic mica, of which the former is scarce in China and is mainly imported from other countries and regions. Synthetic mica is a new material that features in big difficulties in R&D, low output, high added value and high technical barriers, and is currently in short supply in face of strong demand in the market. Besides, technologies applied in producing synthetic mica are of great importance for manufacturers to have a place in the high-end market.As one of the few manufacturers with core technologies and capacity to produce high-end products, Global New Material is at the forefront of emerging technologies in the industry, possesses three patented technologies applied in producing synthetic mica, and has its core technologies and corporate strength being widely recognized in the industry.In 2020, the market size of the Chinese synthetic mica-based pearlescent materials market reached RMB770 million, and in terms of the value corresponding to market share, top five players in the Chinese synthetic mica-based pearlescent materials market occupied a total market share of 43.3%. Among those top five players, Global New Material ranked first with a market share of 25.4%.Global New Material has outstanding R&D advantages and highly-recognized R&D capabilitiesThe pearlescent material industry is a technology-intensive industry. Different technologies are required for production of pearlescent materials to meet the needs of different downstream industries. The competitiveness of a pearlescent material manufacturer in the increasingly competitive market depends on its strong R&D capabilities. Global New Material possesses industry-leading R&D capabilities, and has won many awards and titles such as "National Intellectual Property Powerful Enterprise".Global New Material has 12 registered patents and 26 patent applications, and has 40 R&D workers. The prospectus points out that in the past three years, R&D expenditures of Global New Material were RMB10.7 million, RMB23.2 million and RMB29.3 million respectively, which accounted for 3.4%, 5.3% and 5.1% of its total revenue, and that in the future, approximately 5% of its total revenue will be invested in its R&D activities each year.Global New Material has significant advantages in business scale, and occupies a dominant position in the industryWith respect to production and marketing of pearlescent materials, huge investments are required in R&D, production sites, precision manufacturing equipment, introduction and training of R&D workers and technicians, market promotion, import and storage of raw materials, daily capital turnover and other aspects, and a long R&D and construction cycle is involved during which huge preliminary capital investments and a large amount of working capital need to be in place. Therefore, adequate operating capital and extensive accumulated R&D technologies are the key factors for success in the pearlescent material industry.In the pearlescent material market which is fragmented, Global New Material, as the largest synthetic mica manufacturer in China, occupies a big market share and the dominant position, and has certain advantages in terms of financial support, technologies, patents and customer relationships.Summary:Global New Material's EPS in 2021 is HKD0.2342, and its price-to-earnings ratio is expected to be about 15X assuming the IPO price is HKD3.52. It is a cost-effective opportunity for investors in the secondary market to buy stock in a leading company in a market segment in the field of new materials that is innovative and has growth potential, profitability, strong R&D capabilities, core technologies and sustainable competitive advantages.Contact:Haolu Wang, PeanutmediaE: wanghaolu@czgmcn.comURL: www.Peanutmedia.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

23 2 月, 2021

Singaporean student who imported child-like sex doll in Australia sentenced to 11 months’ jail

SINGAPORE - A Singaporean student living in Australia who imported a child sex doll and possessed child abuse material has been sentenced to 11 months' jail. However, the 27-year-old, who was not identified, was immediately released on a two-year good behaviour bond. The Australian Border Force and Australian Federal Police said in a joint statement last Saturday (Feb 20) the judge had also ordered that the man be placed on the sex offenders register. In 2019, the Singaporean was arrested after border officials intercepted a parcel containing the doll was sent to him from China at a Perth air cargo depot on Christmas Eve. The doll was ordered online and was addressed to the man's residence in the Perth suburb of Beckenham. Around two weeks later, border investigators arrested the Singaporean following a search warrant for the address on the package. Warrant investigators seized a mobile phone, computer tower, laptop and hard drive belonging to the man. These devices were handed to the Australian Federal Police, which identified child abuse material in the tower, laptop and hard drive through a forensic digital investigation. In Australia, those who import child sex dolls can be imprisoned for up to 10 years and fined A$555,000 (S$580,000). The Singaporean subsequently pleaded guilty to one count of importing prohibited goods - which includes sex dolls that resemble children aged below 18 - and one count of possessing or controlling child abuse material obtained or accessed using electronic means. While the 27-year-old will not be jailed, his immigration status - he is on a student visa - is now under review, the statement added. "The Australian Government takes seriously its responsibility to protect the Australian community from risk or harm posed by non-citizens who engage in criminal conduct or behaviour of concern... Non-citizens who do not hold a valid visa will be liable for detention and removal from Australia, pending resolution of any ongoing matters," the statement said. In Singapore, it is a crime to own, produce and sell child sex dolls - resembling children aged below 16 - since Jan 1, 2020. Those found doing so face a maximum penalty of imprisonment for two years and a fine. Adult sex dolls are legal. More on this topic Related Story Ban 'grotesque' child sex dolls linked to abuse, charity says Related Story Parliament: New Bill seeks to criminalise exploitative sexual relationships and child sex dolls