Neway Valve Suzhou Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 05:01 am EDT
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Neway Valve Suzhou Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 2,706.552 million compared to CNY 2,211.325 million a year ago. Operating income was CNY 468.460 million compared to CNY 425.935 million a year ago. Net income was CNY 400.710 million compared to CNY 370.678 million a year ago. Basic earnings per share from continuing operations was CNY 0.53 compared to CNY 0.49 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.