Neway's 2021 net profit is about 377 million yuan, down 28.46% year on year

On April 15, Neway shares released the annual performance report on the evening of April 4, said that the operating revenue in 2021 was about 3.962 billion yuan, an increase of 9.07%; Net profit attributable to shareholders of listed companies was about 377 million yuan, 28.46% less than last year; Basic earnings per share 0.5 yuan, down 28.57% year on year. 

It is planned to pay cash bonus of RMB 2.5 yuan (tax included) for every 10 shares. No additional shares will be converted and no bonus shares will be awarded.

The report shows that the net profit attributable to shareholders of listed companies decreased 28.46% year on year, mainly due to the decline of gross margin and raw materials, freight prices.

The full name of Neway Suzhou Valve Co., LTD., founded on November 14, 2002 and listed in Shanghai Stock Exchange on January 17, 2014, is lu Bin, the current general manager. The main business of Neway is designing and manufacturing industrial valves and pipeline control equipment, self-propelled oil recovery machinery and parts, selling self-produced products and providing relevant after-sales services. Entrusted to process valve series products and parts. From January to December 2020, neway shares revenue composition: industrial valves accounted for 99.4%.