Ge Long Hui A P P·2025-10-28 06:11Core Viewpoint - The report from Zheshang Securities indicates that Nuway Co., Ltd. achieved a net profit attributable to shareholders of 1.11 billion yuan in the first three quarters, representing a year-on-year increase of 34.5% [1] Financial Performance - In Q3 2025, the net profit attributable to shareholders was 480 million yuan, showing a year-on-year growth of 40.4% [1] - As of the end of Q3 2025, the company's contract liabilities reached 650 million yuan, a significant year-on-year increase of 256% [1] - Inventory stood at 2.72 billion yuan, reflecting a year-on-year increase of 13.9% [1] Market Position and Strategy - The company operates globally, covering over 90 countries across five continents, with four manufacturing plants for castings and forgings located in Suzhou, Dafeng, and Liyang to meet order demands [1] - The company is positioned to achieve over 60% of its revenue from overseas markets in 2024, with downstream applications in oil and gas, marine engineering, water treatment, power, and new energy sectors [1] - Currently, the company's global market share is relatively low compared to industry leader Emerson, indicating significant growth potential as the company continues to advance into the mid-to-high-end valve market [1]