Neway Valve Suzhou to Invest About 500 Million Yuan in Newway Fluid Project Expansion

MT NewswiresJan 9 15:20

Neway Valve (603699): Plans to invest in the second phase expansion project of Neway Fluid to support high-end transformation and long-term growth.

Investment highlights propose to self-finance approximately 0.5 billion yuan to expand industrial valve production, with further growth in mid-to-high-end capacity. On January 8, 2025, the company announced plans to invest no less than 0.5 billion yuan of self-raised funds into the Newell Brands Fluid Phase II expansion project.

SoochowJan 9 00:00

Express News | Neway Valve: Plans to invest approximately 0.5 billion yuan to carry out the Phase II expansion project.

BreakingsJan 8 16:07

Express News | Today, 4.948 billion yuan market cap restricted stocks were unlocked, with 京仪装备, jiangsu suzhou rural commercial bank, and neway valve having the highest unlocked market cap.

BreakingsNov 29, 2024 07:47

Research reports on opportunities丨Changjiang Securities: The international business of neway valve is experiencing high prosperity, rated as "buy".

On November 25, GeLongHui | Changjiang Securities research reports pointed out that in the first three quarters of 2023 and 2024, Neway Valve (603699.SH) had a high level of overseas business prosperity, with global energy construction demand increasing, and orders, sales, etc. all improved. In 2023, the company's revenue and profits increased by 36.59% and 54.85% respectively. In 2024 Q1-Q3, the company's net income attributable to the parent increased by 40.7% year-on-year. The valve industry has a wide market space, and Chinese valves have rich opportunities in both the domestic and export markets. The current industry is experiencing moderate growth overall, with abundant opportunities in the marine oilfield services, LNG, and nuclear power sectors.

Gelonghui FinanceNov 25, 2024 16:56 · Ratings

Neway Valve (603699.SH): The company's current orders are full.

GeLongHui, November 25th │ Neway Valve (603699.SH) stated on the interactive platform that the company's third-quarter report revenue was 4.455 billion yuan, not negative. The company currently has full orders.

Gelonghui FinanceNov 25, 2024 15:37