2024-11-16
classification：Company News
[Company’s News] On November 15, 2024, Global New Material International organized a number of securities company research institutes and investment institutions to pay a field visit and in-depth research to its subsidiary CQV in South Korea. By getting hold of CQV’s operating status and future growth potentials, the delegation paid much attention to the actual effect of merger synergies and the new direction of internationalization development. The visit fully demonstrated CQV’s foresight and execution in accelerating its global layout, enhancing business synergies and achieving performance growth.
Merger synergies yielded results, and market competitiveness continued to improve
CQV’s Vice Director Lim Kwang Su and management team made an introduction of recent operation status and integration progress to the visiting party. Through premium raw materials and supply chain optimization support provided by GNMI, CQV has significantly lowered production costs and further enhanced its overall market competitiveness. Furthermore, by implementing cross-selling strategy, CQV have gained access to more segments, bringing significant revenue growth and laying a solid foundation for continued expansion in the next three to five years.
Focusing on both technological innovation and intelligent manufacturing for keeping a leading role
The visiting party took a field trip to CQV’s research institute, the first and the third plant, having a detailed understanding of the company’s automated management model, clean and efficient production environment and cutting-edge research and development capabilities. The visitors sang highly of CQV’s modernized production facilities and strict quality control system. These advantages not only ensured high-quality products, but also enhanced competitiveness on international market, and laid a solid foundation for further expansion of GNMI’s global footprint.
Global footprint reached a new high with deepened integration and optimized synergy
Along with the deepening of GNMI-CQV integration,initial results has paid off in technological research and development, product optimization and market expansion. Especially in the high-end pearlescent material market, the two companies further consolidated their dominant position ?through complementing each other in product mix. Resources sharing and innovation cooperation are giving momentum to synergies and injecting strong impetus into the company’s expansion into international market.
Advancing forward while embracing our core value
Recently, GNMI’s performance in the capital market has been affected by multiple external factors, and short-term fluctuations did not fully reflect the company’s real operation status and intrinsic value. GNMI will continue to focus on enhancing its core competitiveness and steadily promoting business growth through technological innovation, global footprint and integration. We believe that with further implementation of business strategy, long-term development potentials will gradually emerge, bringing sustainable value to shareholders and partners.
