Neway Valve Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023
August 21, 2023 at 06:08 am EDT
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Neway Valve (Suzhou) Co., Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 2,392.23 million compared to CNY 1,846.92 million a year ago. Revenue was CNY 2,422.66 million compared to CNY 1,867.03 million a year ago.
Net income was CNY 336.48 million compared to CNY 188.99 million a year ago. Basic earnings per share from continuing operations was CNY 0.45 compared to CNY 0.25 a year ago.
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.