Neway Valve Suzhou Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 15, 2021 at 07:20 am EDT
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Neway Valve Suzhou Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 3,632.231 million compared to CNY 3,056.636 million a year ago. Operating income was CNY 620.016 million compared to CNY 538.591 million a year ago. Net income was CNY 527.602 million compared to CNY 455.441 million a year ago. Basic earnings per share from continuing operations was CNY 0.7 compared to CNY 0.61 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.