603699.CG▲3
Neway Valve's interim revenue and net profit both rise, cash flow falls 40%
Neway Valve released its 2026 interim report, with operating revenue of 3.897 billion yuan, up 14.47% year on year, and net profit attributable to the parent of 733 million yuan, up 15.20% year on year. The company plans to distribute a cash dividend of 4.20 yuan per 10 shares, tax included, to all shareholders. Net cash flow from operating activities was 540 million yuan, down 40.84% year on year, mainly due to an increase in cash paid for goods and services. During the reporting period, the company achieved multiple breakthroughs in high-end manufacturing, including high-pressure large-diameter top-entry cryogenic ball valves, NPS 80-inch ultra-large-diameter axial flow check valves, and the development of a prototype Hualong One nuclear Class 1 stop-check valve. Financial expenses shifted from negative 34 million yuan in the same period last year to 137 million yuan, mainly due to increased exchange losses.