Global New Material International Holdings Limited provided earnings guidance for the six months ended 30 June 2021. For the period, the company expects the consolidated net profit attributable to the owners of the Company to increase by 50% to 60%, as compared to the amount of the Net Profit of RMB61.0 million for the six months ended 30 June 2020. Such increase in the amount of the Net Profit was primarily driven by the increase in the revenue of the Group because of the following reasons: the surging demand for the Group's pearlescent pigment products from customers in different industries following the steady economic recovery in the global market; the improvement in the Group's product offerings with emphasis on the production and sales of synthetic mica-based and glass flakes-based pearlescent pigment products; and the Group's marketing efforts in the PRC and international markets for the expansion of its customer base.