Core Viewpoint - Global New Materials International has increased its stake in CQV to 50.75%, achieving absolute control over the company, which is the largest pearlescent pigment manufacturer in South Korea [1][2] Group 1: Company Developments - Global New Materials International and its wholly-owned subsidiary, Zhixing, have acquired a total of 779,100 shares of CQV from late September to early October [1] - Since acquiring 42.45% of CQV in 2023, the company has made multiple increases in its holdings [1] - CQV's revenue for the fiscal year 2024 reached 60.15 billion KRW, a year-on-year increase of 17.8%, while net profit surged to 9.27 billion KRW, reflecting a significant growth of 171.3% [1] Group 2: Market Position and Growth - CQV produces over 990 types of pearlescent pigments, with a strong presence in high-end markets such as automotive and cosmetics [1] - The global market for pearlescent materials is experiencing rapid growth, particularly in high-end applications [1] - Global New Materials International has achieved a compound annual growth rate (CAGR) of 30.2% in revenue over the past five years [2] - In the first half of 2025, the company reported revenue of 912 million CNY, a year-on-year increase of 17.7%, and a non-net profit of 260 million CNY, reflecting a growth of 54.4% [2] Group 3: Strategic Initiatives - Global New Materials International is supporting CQV's development in the Chinese market, where CQV has engaged with leading automotive manufacturers and new energy vehicle companies [2] - The introduction of CQV's high-end products is expected to enhance the average selling price of Global New Materials International's products [2]
环球新材国际再度增持CQV 持股比例升至50.75%