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Neway shares: stable revenue, gradually exerting efforts in the mid-to-high-end valve market

 Last Update: 2021-10-10
 Source: Internet
 Author: User

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Star Enterprise of Chemical Machinery Equipment NetworkMajor listed companies in the chemical machinery and equipment industry:

The core data of this article: the historical evolution of Neway shares, the product categories of Neway shares, etc.

The core data of this article:

1.
A comprehensive comparison of leading companies in China's valve manufacturing industry

Forward-looking selection of the current four companies with relatively high operating income of China's valve manufacturing enterprises as representatives for comparison of development layout: Neway, Jiangsu Shentong, China National Nuclear Technology and Weilong
.

From the perspective of operating income, Neway is a leading enterprise in China's valve manufacturing industry.
In 2020, Neway’s operating income is 3.
632 billion yuan, more than double the operating income of the remaining listed companies in 2020
.
Among them, Jiangsu Shentong’s 2020 operating income is 1.
586 billion yuan, which is 43.
65% of Neway’s 2020 operating income; China Nuclear Technology’s 2020 operating income is 1.
167 billion yuan, which is 32.
13% of Neway’s 2020 operating income; Weilong shares 2020 The annual operating income is 34.
459 million yuan, which is 9.
49% of Neway's operating income in 2020
.

　　2.
Neway shares: the layout of the valve business

　　Neway Valve was formally established in 2002, and its predecessor was Suzhou Neway Machinery established in 1997
.
The company is mainly committed to providing customers with a complete set of industrial valve solutions
.
After nearly 20 years of development, Neway Valve's products are currently widely used in oil, natural gas, oil refining, chemical, power plants, nuclear power, long-distance pipelines and other industrial fields with harsh working conditions and high demand worldwide
.

　　3.
Neway shares: valve manufacturing business layout and operating status

　　——The company's product categories are rich, and the downstream involves power, mining, water treatment and other industries

　　The company's main business is the design, manufacture and sales of valves.
With the continuous development of the company, the company's product categories have also continued to expand
.
As of the end of 2020, Neway’s products have achieved a full range of coverage, including gate valves,Globe valve ,Ten series of check valves , ball valves, butterfly valves, regulating valves, API6A valves, underwater valves, safety valves and nuclear power valves, with more than 5,000 specifications and models, and provide basic coverage for the oil and gas, chemical, electric power and other industries.
The ability of the product mix
.
At the same time, the company's downstream customer base covers more than 10 industries, including power, mining, water treatment, petroleum, chemical and other national heavy industries
.

Shut-off valveCheck valve

　　——The company's output fluctuates little, and the production-sales rate is close to 100%

　　Neway's valve output has not fluctuated much in recent years, basically stable at around 560,000 sets/year
.
Among them, 645,400 sets were produced in 2018, an increase of 10.
18% over the same period in 2017, mainly due to the increase in sales orders received in 2018
.

　　Since 2017, the company's performance has gradually recovered with the warming of the downstream oil and gas industry.
In 2017, the company's production and sales ratio increased by 11.
69 percentage points from 2016 to 100.
47%, and then basically stabilized at about 100%
.
The decline to 93.
34% in 2020 was mainly due to the impact of the new crown pneumonia epidemic in early 2020.
On the one hand, the suspension of work in the domestic market in the first quarter caused a significant decline in sales; on the other hand, the international market was not effectively prevented due to the epidemic.
Control, the market has been relatively sluggish throughout 2020
.

　　——Strengthen the mid-to-high-end products, and the company's R&D expenses are rising year by year

　　After 2016, the company began to make efforts in R&D investment, focusing on the R&D of mid-to-high-end products
.
In 2017, the company's research and development expenses increased by 266% compared to 2016
.
From the perspective of the proportion of operating income, in 2016, Neway’s research and development expenses accounted for 1.
15% of the total operating income of the year.
By 2020, the company’s research and development expenses accounted for 3.
58% of the total revenue, and the proportion increased by more than 200 %
.

　　4.
Neway shares: the company's gross profit margin fluctuates and revenue grows steadily

　　The company's main business is the production and sales of valves, and there is no situation that non-valve sales business accounts for a relatively large proportion of operating income
.
According to the data disclosed in the company's annual report, from 2016 to 2020, the company's operating income has steadily increased, with a five-year compound annual growth rate of 12.
17%, and 2020 operating income of 3.
632 billion yuan
.
In terms of profitability, the company's gross profit margin has increased in recent years, with an average gross profit margin of 34.
39% over the past five years
.

　　5.
Neway shares: future development plan for valve business

　　According to the information disclosed by the company, Neway will continue to focus on the mid-to-high-end valve market during the "14th Five-Year Plan" period, develop from the existing business structure to diversification, and develop the company into a world-class technology with strong core competition.
Powerful multinational enterprise group
.

　　Neway has formulated three development plans for the future development trend of the valve industry:

　　For more industry-related data, please refer to the "China Valve Manufacturing Industry Market Outlook and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute.
At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industrial research, industrial chain consulting, industrial map, industrial planning, Solutions such as park planning, industrial investment promotion, IPO fundraising feasibility study, and prospectus writing
.

　　Original title: dry goods! Analysis of the leading companies in China's valve manufacturing industry in 2021-Neway shares: stable revenue, gradually making efforts in the mid-to-high-end valve market

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