Global New Material: Korean Subsidiary CQV Delivers 17.24% Top-Line Growth and 26.79% Profit Surge in H1 2026

Bulletin Express
Aug 14

Global New Material International Holdings Limited reported that its 50.61%-owned Korean subsidiary, CQV Co., Ltd., recorded solid interim results for the six months ended 30 June 2026, according to CQV’s unaudited figures released on the Korea Exchange.

Revenue Performance • CQV’s total revenue reached KRW 35.98 billion, up 17.24% from KRW 30.69 billion a year earlier.

Profitability • Net profit climbed to KRW 7.22 billion, representing a 26.79% year-on-year increase from KRW 5.69 billion, outpacing revenue growth and indicating an improved margin profile.

Balance-Sheet Snapshot (as at 30 June 2026) • Total assets stood at KRW 141.17 billion, essentially flat versus KRW 141.56 billion at end-2025. • Total liabilities fell 12.62% to KRW 22.77 billion, while shareholders’ equity rose 2.51% to KRW 118.40 billion, reflecting ongoing deleveraging and capital accumulation.

Listing Status and Ownership CQV is listed on KOSDAQ under ticker 101240. Global New Material remains the single largest shareholder with a 50.61% stake.

Investors are advised to refer to CQV’s full unaudited half-year report available on the Korea Exchange and DART websites and to exercise caution when dealing in Global New Material shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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