Core Points - The company announced a cash dividend of 1.14 CNY per share for its A shares [1] - The total cash dividend distribution amounts to approximately 876.17 million CNY based on a total share capital of 768,573,661 shares [1] - The dividend distribution plan was approved at the annual shareholders' meeting held on May 15, 2025 [1] Dividend Distribution Details - The record date for the dividend is June 24, 2025, with the last trading day on June 25, 2025, and the ex-dividend date also on June 25, 2025 [1] - The cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch [1] - Shareholders who have not completed designated trading will have their dividends held by the clearing company until the trading is completed [1] Taxation Information - For individual shareholders holding unrestricted circulating shares, the actual cash dividend received will be 1.14 CNY per share, with tax implications based on holding periods [2][3] - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net cash dividend of 1.026 CNY per share [3][4] - Hong Kong investors through the Stock Connect will also receive a net cash dividend of 1.026 CNY per share after a 10% withholding tax [4] Contact Information - For inquiries regarding the dividend distribution, shareholders can contact the company's securities department at 0512-66626468 [5]

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-042 苏州纽威阀门股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利1.14元 相关日期 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 15 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本768,573,661股为基数，每股派发现金红利1.14 元（含税），共计派发现金红利876,173,973.54元。 1. 发放年度：2024年年度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | ...

Core Viewpoint - The methanol negative pressure multi-effect coupling distillation energy-saving technology developed by Henan Xinlianxin Chemical Industry Group Co., Ltd. and Tianjin Aozhan Xingda Chemical Technology Co., Ltd. has passed the scientific and technological achievement appraisal organized by the China Nitrogen Fertilizer Industry Association, indicating a significant advancement in methanol distillation efficiency and product quality [1][2]. Group 1: Technology Overview - The new technology introduces a negative pressure tower in the methanol distillation unit, utilizing a "5 towers 3+3 effect" heat coupling process to achieve energy gradient utilization, significantly reducing steam consumption from 1.05 tons/ton of methanol to 0.65 tons/ton [1]. - The purity of the refined methanol is enhanced, with ethanol content reduced to less than 10 ppm [1]. Group 2: Industry Impact - The technology addresses the high energy consumption bottleneck of traditional multi-tower distillation and is adaptable for retrofitting existing facilities, providing a new pathway for the green upgrade of the methanol industry [2]. - The achievement marks the official start of the era of high-purity methanol distillation with steam consumption at 0.6 tons [2]. - There remains significant energy-saving potential in the ammonia synthesis and methanol industry, with the technology expected to bring both economic and environmental benefits to enterprises [2].

Group 1 - The core viewpoint is that China's foreign energy investment projects from 2020 to 2024 will reach $168 billion, with significant investments in the Middle East, particularly in Saudi Arabia, Iraq, UAE, Kuwait, Qatar, and Angola, totaling $50.28 billion, of which $29.15 billion is in oil and gas projects, showing a year-on-year increase [1] - The Middle East oil service market is estimated to be in the hundreds of billions, with the oil service equipment market at least in the tens of billions, indicating a high growth potential for Chinese oil service equipment companies, which currently have a low market share in the region [1] - The "Belt and Road" initiative is deepening cooperation, creating vast opportunities in the Middle East oil service market [1] Group 2 - Jerry's business model involves long project cycles with a focus on high-end equipment and non-standard customization, leading to an average delivery time of 1.5 years, while Neway's model is based on standardized products with shorter delivery times of 3-6 months [2] - Jerry's project-based approach results in longer customer validation periods but fosters strong customer relationships, while Neway benefits from scale effects and management efficiency [2] - Both companies are experiencing rapid order growth in the Middle East, with Jerry and Neway expanding their production capacities in the region to meet rising demand [3] Group 3 - Jerry has established a strong market presence in the Middle East, completing significant projects and gaining recognition, while Neway is increasing its order volume through certifications from major clients like Saudi Aramco and ADNOC [3] - The competitive landscape shows that domestic competitors lack the overseas competitiveness that Jerry and Neway possess, allowing them to leverage China's manufacturing advantages [3] - The management teams of both companies are driven by professional managers, enhancing corporate vitality and responsiveness [3] Group 4 - Recommended stocks include Jerry (002353.SZ) for its explosive order growth in the Middle East and Neway (603699.SH) for its strong visibility in demand and anticipated steady performance growth [4]

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-041 苏州纽威阀门股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 三、 参加人员 董事长：鲁良锋先生 投资者可于 2025 年 06 月 11 日 （星期三） 至 06 月 17 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dshbgs@neway.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 苏州纽威阀门股份有限公司（以下简称"公司"）已于 2025 年 04 月 23 日发 布公司 2024 年度报告，并已于 2025 年 04 月 30 日发布公司 2025 年第一季度报 告，为便于广大投资者更全面深入地了解公司 2024 年度以及 2025 年第一季度经 营成果、财务状况，公司计划于 2025 年 06 月 18 日 （星期三） 15:00-16:00 举 行 2024 年度暨 ...

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-041 苏州纽威阀门股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ?会议召开时间：2025 年 06 月 18 日 （星期三） 15:00-16:00 ? 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） ?会议召开方式：上证路演中心网络互动 ?投资者可于 2025 年 06 月 11 日 （星期三） 至 06 月 17 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dshbgs@neway.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 苏州纽威阀门股份有限公司（以下简称"公司"）已于 2025 年 04 月 23 日发 布公司 2024 年度报告，并已于 2025 年 04 月 3 ...

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-041 苏州纽威阀门股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2025 年 06 月 11 日 （星期三） 至 06 月 17 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dshbgs@neway.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 苏州纽威阀门股份有限公司（以下简称"公司"）已于 2025 年 04 月 23 日发 布公司 2024 年度报告，并已于 2025 年 04 月 30 日发布公司 2025 年第一季度报 告，为便于广大投资者更全面深入地了解公司 2024 年度以及 2025 年第一季度经 营成果、财务状况，公司计划于 2025 年 06 月 18 日 （星期三） 15:00-16:00 举 行 2024 年度暨 2025 年第一季度业绩说明会，就投 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [2]. Core Insights - The company has demonstrated rapid growth in performance, with 2024 revenue reaching 6.238 billion yuan, a year-on-year increase of 12.50%, and a net profit attributable to shareholders of 1.156 billion yuan, up 60.10% [5]. - The company has seen significant contributions from valves and parts, with exports accounting for over 60% of total sales [6]. - The gross profit margin has improved significantly, reaching 38.10% in 2024, an increase of 6.70 percentage points year-on-year [6]. - The company is expanding its product offerings in high-end markets and has made progress in developing several new products [7]. - The company is also diversifying its operations and gradually establishing overseas factories to enhance competitiveness in international markets [7]. Financial Performance - For 2025, the company is projected to achieve revenues of 7.347 billion yuan, with a year-on-year growth rate of 17.79%, and a net profit of 1.415 billion yuan, reflecting a growth rate of 22.41% [8][10]. - The earnings per share (EPS) for 2025 is estimated at 1.84 yuan, with a price-to-earnings (P/E) ratio of 17.10 [10][11]. - The company’s financial metrics indicate a healthy growth trajectory, with expected revenues and net profits increasing steadily through 2027 [10][11].

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [2]. Core Insights - The company has demonstrated rapid growth in performance, with 2024 revenue reaching 6.238 billion yuan, a year-on-year increase of 12.50%, and a net profit attributable to shareholders of 1.156 billion yuan, up 60.10% [5]. - The company is expanding its product offerings in high-end markets, with significant advancements in various product lines and a focus on international sales, which now account for over 60% of total sales [6][7]. - The gross profit margin has improved significantly, reaching 38.10% in 2024, an increase of 6.70 percentage points year-on-year, indicating effective cost control [6]. Financial Performance - In Q1 2025, the company reported revenue of 1.556 billion yuan, a 14.44% increase year-on-year, and a net profit of 263 million yuan, up 33.52% [5]. - The company expects revenues for 2025-2027 to be 7.347 billion, 8.297 billion, and 9.289 billion yuan, respectively, with year-on-year growth rates of 17.79%, 12.93%, and 11.95% [8][10]. - The projected net profit for the same period is 1.415 billion, 1.617 billion, and 1.834 billion yuan, with growth rates of 22.41%, 14.34%, and 13.42% [8][10]. Product and Market Development - The company is actively expanding into downstream application fields, including nuclear power, oil and gas equipment, and wind energy, while also developing new products and enhancing its technological capabilities [7]. - The company is establishing overseas factories to strengthen its competitive position in international markets, leveraging sales networks in the Americas, Europe, and Southeast Asia [7].

Core Insights - The article discusses the leading domestic valve brands in China for various industries, highlighting their market positions, technological advancements, and future trends. Group 1: Leading Brands and Market Position - Suzhou Neway Valve is recognized as a global benchmark for deep-sea valve technology, with 42% of its revenue coming from overseas and a production capacity exceeding 600,000 units per year [11][12] - China Nuclear Su Valve Technology is the only domestic company with full qualifications for nuclear-grade valves, achieving over 90% localization in nuclear power valves and securing over 1.5 billion yuan in nuclear power orders [12][13] - Shanghai Qizhong Valve holds a 53% market share in nuclear-grade butterfly valves, with a 180% annual increase in orders for new energy lithium battery valves [14][15] Group 2: Industry Trends and Innovations - The trend towards domestic substitution is accelerating, particularly in high-end fields such as semiconductor special gas valves and ultra-high pressure hydrogen valves, with leading companies investing over 8% of their revenue in R&D [32] - Green technology is expected to dominate municipal and energy project tenders, with low-carbon valves and smart water management solutions leading the way [33] - The global competition is intensifying, driven by infrastructure demands in Southeast Asia and the Middle East, with China's valve export expected to exceed 12 billion USD by 2025 [34]