According to Glow New Materials International (06616) on August 10, the Hong Kong-listed company issued a profit warning for the first half of 2026 ending June 30, expecting a net loss of RMB 50-100 million, compared to a net profit of RMB 100 million in the same period of 2025. Revenue is projected at RMB 2.5-2.7 billion, up 180-200% from RMB 912 million in H1 2025. The loss is primarily attributed to non-cash and one-time charges related to the company's July 2025 acquisition of Merck's global surface solutions business, including fair value adjustments and intangible asset amortization of RMB 130-140 million, one-time transaction costs of RMB 20-30 million, and business integration expenses of RMB 60-70 million. The company stated that most items are non-cash in nature and do not significantly impact operational cash flow, describing the loss as a temporary accounting result during the integration phase.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate US. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate US does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments involve high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
