NEWAY(SH:603699) Chang Jiang Shang Bao·2025-08-06 09:15Core Insights - Nuwei Co., Ltd. reported stable growth in operating performance, achieving a total revenue of 3.404 billion yuan in the first half of 2025, a year-on-year increase of 19.96%, and a net profit of 637 million yuan, up 30.47% [1] - The company attributed its performance growth to favorable market trends, product improvements, and enhanced cost control [1] Financial Performance - In the first half of 2025, Nuwei's total revenue exceeded 3 billion yuan for the first time, with net profit and non-recurring net profit both surpassing 600 million yuan, marking historical highs for the company [1] - For the full year of 2024, Nuwei achieved total revenue of 6.238 billion yuan, a 12.5% increase, and a net profit of 1.156 billion yuan, reflecting a significant year-on-year growth of 60.1% [1] Market Position and Strategy - Nuwei has been recognized as the largest industrial valve manufacturer and exporter in China since its establishment in 1997, and it successfully went public in 2014 [2] - The company has actively expanded its market presence, leading to improvements in orders and sales [1] Asset and Financial Management - As of the end of the first half of 2025, Nuwei's total assets reached 8.881 billion yuan, a 1.94% increase year-on-year [2] - The company has maintained high efficiency in financial management, with negative financial expenses recorded for four consecutive years from 2021 to 2024 [2] - As of the end of the first quarter of 2025, Nuwei had cash and cash equivalents of 1.921 billion yuan, a year-on-year increase of 86.95%, with a debt ratio of 46.03%, down 2.59 percentage points year-on-year [2]