Neway Valve Co., Ltd. Provides Earnings Guidance for the Year 2019
January 19, 2020
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Neway Valve (Suzhou) Co., Ltd. provided earnings guidance for the year 2019. The company predicted that the net profit belonging to shareholders of the company in 2019 will be between RMB 452.2 million and RMB 507 million with an increase of between RMB 178.1 million and RMB 232.9 million and an increase of between 65% and 85% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).
Neway Valve Suzhou Co Ltd is a China-based company primarily engaged in the production and research and development of industrial valves. The Companyâs main business is to provide customers with industrial valve solutions. The Companyâs main products include ball valves, butterfly valves, gate valves, globe valves, check valves, control valves, nuclear valves, subsea valves, safety valves and other products. The Companyâs products are used in petroleum, natural gas, refining, chemicals, shipbuilding and offshore engineering, power plants, long-distance pipelines, new energy and other industries. The Companyâs other products include actuators, control systems, manifolds, data header and other oil equipment applied to gas and oil industry. The Company conducts its business in the domestic and overseas markets.