Neway shares: high-end valve import substitution for four consecutive years of steady growth in performance

【Star Enterprise of Chemical Machinery and Equipment Network ] Recently, Neway disclosed its annual report.
The company realized operating income of 3.
632 billion yuan, a year-on-year increase of 18.
83%; net profit attributable to shareholders of listed companies was 528 million yuan, a year-on-year increase of 15.
84%.
In the future, the demand for high-end special valves and domestic substitution will become the company's new performance growth point, which is expected to help the company's long-term value continue to improve.

With the gradual control of the new crown epidemic, major economies around the world have introduced stimulus policies to the economy.
The new round of quantitative easing monetary policy will help the RMB exchange rate gradually enter the depreciation expected channel.
Half of Neway’s business is sold abroad.
Mainly, it is settled in U.
S.
dollars.
The depreciation of the renminbi is expected to increase the company's performance in 2021, laying a solid foundation for the company's sustained, rapid and healthy development.

Suzhou Neway Valve Co.
, Ltd.
has been committed to independent innovation and development of valve product technology for many years, introducing advanced simulation technology and R&D design management system, and has established a valve material laboratory and engineering laboratory to develop a series of high-tech valves Products, currently the main products are gate valves,Globe valve ,Check valve , ball valve, butterfly valve, regulating valve, API6A valve, underwater valve, safety valve, nuclear power valve.
It is widely used in various fields such as wind power, hydrogen energy, geothermal and other clean energy, oil and gas extraction and transportation, shipbuilding and marine engineering, coal chemical industry, air separation, nuclear power, electric power, mining and other fields.

The report shows: In 2020, Neway will continue to carry out in-depth strategic cooperation with global energy industry giants such as Shell, TOTAL, Hengli Petrochemical, Wanhua Chemical, etc.
, while continuously expanding market penetration and participating in more and more domestic and foreign companies.
Important energy.
The company's products are gradually being applied to clean energy development projects to help transform global energy to clean energy and reduce global carbon emissions.

In October 2020, the "Nuclear Grade Axial Flow Check Valve" and "Exceeding Design Basis Safety Relief Valve" product prototypes jointly developed by Neway and the Design Institute passed the localization appraisal.
"Nuclear Safety Class 1 Axial Flow Check Valve", "Nuclear Safety Class 1 Exceeding Design Standard Applicable Pressure Relief Globe Valve", "Nuclear Safety Class 1 Exceeding Design Standard Applicable Pressure Relief Gate Valve" has independent intellectual property rights, and the main technical indicators are up to The international advanced level of similar products can be promoted and applied in third-generation pressurized water reactor nuclear power plants.

 

With the high-end manufacturing in my country, the demand for medium and high-end special valves is growing rapidly.
However, more than 50% of domestic valves still rely on imports.
It is estimated that the import substitution space of industrial valves is nearly 7 billion US dollars.
The localization of high-end valves in nuclear power, offshore engineering, petrochemical and other fields is under Speed ​​up.
Since 2020, Neway has made progress in a number of mid-to-high-end valve products: in the petrochemical field, the company completed the development of a 3000m ultra-deepwater underwater valve prototype, and passed the type approval test under the witness of a third party; the first batch of orders 7 The 20M sand control valve for fracturing was delivered smoothly, breaking the foreign monopoly; in September, the company's NPS18Class600 ultra-low temperature fixed ball valve prototype successfully passed the Shell type test certification.
In the field of nuclear power, the "nuclear-grade axial flow check valve" and "safety relief valve beyond the design basis" jointly developed by the company and the design institute have reached the application standards.
The company is a domestic industrial valve leader and has significant technical advantages.
With the continuous development of domestic and foreign business, Neway has formulated long-term cooperation plans with many energy industry customers and partners around the world to inject the company's future business sustainable development A strong motivation.  

　　Original title: Neway shares: high-end valve import substitution for four consecutive years of steady growth