Research Reports Mining丨Soochow: Maintain Neway Valve 'Buy' rating, bullish on the company's long-term growth.

On January 10, Gelonghui reported that Soochow's Research Reports indicated that Neway Valve (603699.SH) plans to self-finance approximately 0.5 billion yuan to expand the production of industrial valves. This investment project is the second phase of Neway Fluid, and the company's mid-to-high-end production capacity is expected to further expand. In recent years, the company has been steadily expanding its core castings and overseas production capacity. In August 2024, the company announced plans to self-fund 0.22 billion yuan to expand precision casting capacity, aiming to produce 5,000 tons of carbon steel precision castings and 5,000 tons of stainless steel precision castings annually upon completion. Overseas operations and capital expenditures on core components will support the company's mid- to long-term growth, highlighting the company's confidence in its growth. Looking ahead.

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