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Insiders With Their Considerable Ownership Were the Key Benefactors as Neway Valve (Suzhou) Co., Ltd. (SHSE:603699) Touches CN¥19b Market Cap
Neway Valve Suzhou to Invest About 500 Million Yuan in Newway Fluid Project Expansion
Neway Valve (603699.SH): Plans to invest 0.5 billion yuan in the Neway Fluid Phase II expansion project.
On January 8, Gelonghui reported that Neway Valve (603699.SH) announced that, based on the current market demand situation and considering that the space of the existing factory and production equipment may restrict the production capacity of industrial valves; therefore, to improve the production capacity of industrial valves and enhance the responsiveness and supply ability of Orders in order to better meet market demand, the company's subsidiary Neway Fluid Control (Suzhou) Co., Ltd. (referred to as "Neway Fluid") plans to carry out the "Neway Fluid Phase II Expansion Project," with an investment of no less than 0.5 billion yuan, funded by the company's own resources.
Here's Why We Think Neway Valve (Suzhou) (SHSE:603699) Might Deserve Your Attention Today
Neway Valve (Suzhou)'s (SHSE:603699) Investors Will Be Pleased With Their Solid 178% Return Over the Last Three Years
Neway Valve (603699.SH): The company currently has a full order book.
Gelonghui November 25丨neway valve (603699.SH) stated on the interactive platform that the company's third-quarter report shows revenue is 4.455 billion yuan, not a negative number. The company currently has a full order book.
Neway Valve (Suzhou) Co., Ltd. (SHSE:603699) Surges 27% Yet Its Low P/E Is No Reason For Excitement
