Core Viewpoint - The domestic valve brands in China are evolving from "domestic alternatives" to "international standard setters," focusing on core technology breakthroughs, smart transformation, and global expansion, with an emphasis on green low-carbon technology and AI integration in the future [14]. Group 1: Leading Brands and Market Position - NEWAY Valve leads in deep-sea applications, having developed the world's first 25,000 psi 28-inch deep-sea ball valve, covering 40% of new LNG transport ship projects, with costs 40% lower than European and American competitors [2]. - The company has an annual production capacity exceeding 600,000 units and exports to energy projects in 60 countries, also leading the revision of ISO international standards for deep-sea valves [4]. - Jiangsu Shentong Valve dominates the nuclear-grade butterfly valve market with a 53% market share and has a 60% market share in valves for metallurgical blast furnace gas recovery systems [6]. Group 2: Technological Innovations and Certifications - NEWAY Valve has obtained DNV certification for its deep-sea ball valves, which cover 40% of the global market, while its corrosion-resistant valves have a lifespan twice that of industry averages [8]. - Shanghai Qizhong Valve has seen a 180% annual increase in orders for its lithium battery valves, with titanium alloy valves meeting ASTM standards for corrosion resistance [9]. - The AI health monitoring system from DI AI Smart Control has reduced pipeline failure rates by 62%, and Guanlong Valve's smart control valves have decreased energy consumption by 30%, covering 80% of municipal water supply projects [10]. Group 3: International Competition and Market Expansion - China Nuclear Su Valve leads the national standard formulation for nuclear valves, with technical parameters adopted by the International Atomic Energy Agency (IAEA) [11]. - Imports of Chinese valves have surged by 40% in emerging markets like Vietnam and Mexico, with Guanlong Valve winning contracts for smart water projects in Southeast Asia due to zero tariffs under the ASEAN Free Trade Agreement [11]. - Sanhua Holdings has established a European R&D center in Munich, achieving a 38% global market share in thermal management valves for new energy vehicles [11]. Group 4: Industry Trends and Future Directions - The industry is witnessing a shift towards smart and green transformations, with AI quality inspection achieving a defect rate of only 0.3% at Shanghai Qizhong, and low-carbon valves reducing carbon footprints by 40% [12]. - NEWAY Valve's smart manufacturing covers the entire process, while Jiangsu Shentong's AI fault diagnosis has an accuracy rate of 98% [13]. - The domestic nuclear valve market has a localization rate exceeding 90%, breaking the monopoly of European and American technologies in the deep-sea sector [14].

近日，济南市市场监督管理局发布2024年济南市知识产权保护典型案例。 1.济南市中级人民法院审理杭某某与济南某水处理公司商标权纠纷案 【基本案情】 原告杭某某系"海德能"注册商标专用权人。2020年，原告因发现某水处理公司存在侵害其商标权的行为 提起诉讼，双方达成和解，并由法院出具调解书确认某水处理公司停止使用涉案商标。后双方于2020年 11月10日签订《协议书》，某水处理公司承诺将涉及侵权的商品、标识、包装箱等清理完毕，如再次侵 权赔偿原告200万元。2023年，原告主张某水处理公司和某设备公司再次使用与原告注册商标相同标识 的侵权产品，应当依据200万元的约定确定赔偿金额。法院经审理认为，原告与某水处理公司签订的 《协议书》内容并未违反法律强制性规定，某水处理公司存在再次侵权行为，应当依照该协议书约定内 容确定赔偿金额。2023年12月25日，法院作出一审判决，判令某水处理公司及其一人股东赔偿原告经济 损失200万元。2024年5月24日，法院作出二审判决维持原判。 【案例简析】 齐鲁晚报 齐鲁壹点记者 李培乐 3.钢城区人民检察院起诉胡某某等3人假冒注册商标、非法制造、销售非法制造的注册商标标识案 【 ...

近日，上海冠龙阀门节能设备股份有限公司（以下简称"冠龙节能""公司"）正式发布其《2024年度环 境、社会和公司治理（ESG）报告》，标志着公司在可持续发展道路上迈出了坚实的一步。作为冠龙节 能自成立以来的首份ESG报告，该报告全面展示了公司在环境保护、社会责任及公司治理方面的实践与 成效，彰显了其作为行业领军企业的绿色制造理念与责任担当。 绿色制造，引领低碳转型 冠龙节能积极响应国家"双碳"目标，致力于绿色工厂、零碳工厂建设，持续优化能源管理体系。报告期 内，公司通过引入喷涂粉末循环技术、建设屋顶分布式光伏发电项目等措施，显著提升了资源利用效 率，减少了碳排放。特别是江苏融通光伏项目，年减碳量近500吨，为公司的低碳转型树立了典范。 创新驱动，铸就品质辉煌 冠龙节能始终将创新视为企业发展的核心动力。公司新投建的动态测试中心填补了国内大型阀门检测空 白，助推行业品质保障。同时，公司荣获"国家知识产权优势企业"称号，累计有效专利数达到103件， 彰显了公司在技术创新方面的卓越成就。 以人为本，共筑和谐家园 冠龙节能深谙员工是企业最宝贵的财富，始终将员工权益保障与职业发展放在首位。公司不仅建立了完 善的职业健康与 ...

Core Insights - Niuwei Co., Ltd. reported its best annual performance for 2024, achieving a revenue of 6.238 billion yuan, a year-on-year increase of 12.5%, and a net profit of 1.156 billion yuan, up 60.1% [1] - The company attributed its growth to increased sales revenue and the resulting economies of scale [1] Financial Performance - The company's core product, valves and parts, generated a revenue of 6.072 billion yuan in 2024, representing a year-on-year growth of 13.69% with a gross margin of 39.01%, an increase of 6.79 percentage points compared to 2023 [1] - Niuwei's operating cash flow significantly increased, reaching 1.112 billion yuan in 2024, a growth of 74.5% [2] - The company maintained a stable financial position with a debt-to-asset ratio of 49.31%, the lowest in four years, and cash on hand of 1.441 billion yuan [2] Dividend Policy - Niuwei announced a cash dividend of 11.4 yuan per 10 shares (including tax), resulting in a dividend yield of 4.67% based on the closing price of 24.43 yuan per share on April 22 [3] - The total cash dividend for 2024 exceeded 1.165 billion yuan, accounting for 100.84% of the company's net profit [3] - Since its listing, Niuwei has distributed a total of 4.148 billion yuan in cash dividends [3]

Group 1 - Neway Valve West Africa Fze is a wholly-owned subsidiary with total audited assets of 28.96 million yuan and a net profit of 6.52 million yuan for 2024 [1] - Neway Fluid Equipment Vietnam Company Limited, another wholly-owned subsidiary, reported total audited assets of 153.37 million yuan and a net profit of 9.32 million yuan for 2024 [2] - NEWAY ENERGY, a wholly-owned subsidiary, has total audited assets of 25.28 million yuan but reported a net loss of 0.70 million yuan for 2024 [3] Group 2 - C?NG TY TNHH NEWAY VALVE VI?T NAM, a proposed overseas subsidiary, has total audited assets of 11.89 million yuan and a net loss of 0.38 million yuan for 2024 [4] - Neway Flow Control Inc. has total audited assets of 35.48 million yuan and a net profit of 4.48 million yuan for 2024, despite a negative net asset position [5] - NEWAY VALVE (MALAYSIA) SDN. BHD. has total audited assets of 0.039 million yuan and reported a net loss of 0.0114 million yuan for 2024 [6] Group 3 - The company provides a guarantee for its subsidiaries with a total guarantee amount not exceeding 3.43 billion yuan [9] - The board believes that providing guarantees supports the normal operations of subsidiaries and aligns with the company's overall interests [10] - The supervisory board agrees that the guarantees benefit the subsidiaries' development and comply with legal regulations [11] Group 4 - The company has no overdue guarantees as of the announcement date [12] - The total guarantees provided to subsidiaries amount to 741 million yuan, representing 16.77% of the company's latest audited net assets [13] Group 5 - The company plans to use its own funds to purchase financial products up to 600 million yuan, with a maximum investment period of one year [20] - The financial products will be issued only by banks, securities companies, or trust companies to control risks [21] - The decision to invest will not affect the company's main business operations and aims to enhance fund utilization efficiency [27] Group 6 - The company intends to renew the appointment of Rongcheng Accounting Firm as its auditing and internal control auditing institution [29] - Rongcheng Accounting Firm has a strong track record, with no criminal penalties in the last three years and a good investor protection capability [34] - The audit fee for the annual report is set at 1.24 million yuan, excluding VAT [40]

Core Insights - Nuwei Co., Ltd. reported a total revenue of 6.238 billion yuan for 2024, marking a year-on-year increase of 12.50%, with a net profit attributable to shareholders of 1.156 billion yuan, up 60.10% [1] - The company faces challenges in expanding its international market presence despite strong financial performance [1] Industrial Materials Division: Capacity Enhancement and Digital Management - In 2024, the Industrial Materials Division made significant progress in nuclear power, oil and gas equipment, and wind energy equipment sectors [4] - The company implemented digital management in production processes using 3D design and simulation software, achieving multiple international certifications such as EN15085 and ISO9001 [4] - Despite advancements in digital management, the company needs to enhance its competitiveness in the international market amid rising global trade protectionism [4] Energy Solutions: Shaping the Energy Future with Global Clients - Nuwei Co., Ltd. deepened cooperation with global energy companies in 2024, providing industrial valve solutions applicable to various downstream industries, including LNG, water treatment, and nuclear power [5] - The company signed long-term strategic cooperation agreements with downstream energy enterprises, increasing product recognition [5] - However, the company's market share in the clean energy sector remains limited, and achieving greater breakthroughs in this area will be a focus for future development [5] New Product Development: Filling Market Gaps and Technological Innovation - In 2024, the company obtained API6D certification for its plug valves and completed the development of several new products, including high-temperature oxygen shut-off ball valves [7] - These innovations not only fill market gaps but also demonstrate the company's strength in technological innovation, particularly in high-pressure and explosive environments [7] - Nevertheless, the company needs to improve its competitiveness in the high-end market, especially against global leaders [7] Overall Summary - Nuwei Co., Ltd. achieved significant revenue growth in 2024 but continues to face challenges in international market expansion and technological innovation [6][7] - The company must increase investments in global market positioning and technology development to navigate the increasingly complex international environment [7]

调节阀又名控制阀，在工业自动化过程控制领域中，通过接受调节控制单元输出的控制信号，借助动力操作去改变介质流量、压 力、温度、液位等工艺参数的最终控制元件。一般由执行机构和阀门组成。调节阀常用分类：气动调节阀，电动调节阀，液动调节 阀等。 据 QYResearch 调研团队最新报告"全球调节控制阀市场报告 2025-2031 "显示， 预计 2031 年全球调节控制阀市场规模将达到 102.8 亿美元 ，未来几年年复合增长率 CAGR 为 5.4% 。 全球 调节控制阀 市场前 20 强生产商排名及市场占有率（基于 2 024 年调研数据；目前最新数据以本公司最新调研数据为 准） 根据 QYResearch 头部企业研究中心调研，全球范围内调节控制阀生产商主要包括 Emerson （艾默生）、 Flowserve （福斯）、 Nihon KOSO （日本工装）、吴忠仪表、 Valmet （维美德）、 Cameron (Schlumberger) 、 Johnson Controls （江森自控）、 Baker Hughes （贝克休斯）、 SAMSON （萨姆森）、重庆川仪等。 2024 年，全球前十强厂商占有 ...

Industry Overview - Butterfly valves, also known as flap valves, are crucial for controlling fluid flow in various industries such as oil, chemical, power, and metallurgy [1][2] - The global butterfly valve market is projected to reach approximately $11.34 billion in 2024 and $11.907 billion in 2025 [5] - In China, the demand for butterfly valves is driven by urbanization, particularly in water supply systems, sewage treatment plants, and HVAC systems [7] Market Growth - The pneumatic high-performance butterfly valve industry in China is expected to grow at a rate of about 10% from 2019 to 2024, with a projected growth rate of 15% from 2025 to 2030 [7] Industry Chain - The upstream materials for butterfly valves include non-metal materials like rubber and PTFE, and metal materials such as cast iron, carbon steel, and stainless steel [9] - Stainless steel is increasingly used in butterfly valves due to its excellent corrosion resistance and strength [11] - The downstream applications of butterfly valves are significant in the power engineering sector, with a projected investment of 608.3 billion yuan in power grid projects in 2024, reflecting a year-on-year growth of 15.3% [13] Competitive Landscape - The domestic butterfly valve market is primarily concentrated in the mid-to-low-end segment, while international brands dominate the high-end market [16] - Major domestic companies include Neway Valve, Jiangsu Shentong, and Zhongke Suval [16][19] Company Performance - Neway Valve is the largest industrial valve manufacturer in China, with a butterfly valve production of 22,971 units and sales of 22,111 units in 2023 [19] - Neway Valve reported a revenue of 5.544 billion yuan in 2023, an increase of 1.485 billion yuan from 2022 [21] - Fangzheng Valve generated 39.6459 million yuan in butterfly valve revenue in 2023, an increase of 4.6652 million yuan from 2022, with a gross margin of 25.32% [23] Industry Trends - The development of high-performance butterfly valves is influenced by advancements in materials, control systems, structure, environmental protection, and design [27]

Group 1: Investor Relations Activity - The investor relations activity was an earnings briefing held on April 17, 2025 [1] - Participants included the company's president, vice president, financial director, audit director, independent director, and securities representative [1] Group 2: Company Overview - The company presented its production and operational performance for the year 2024 [1] - Future development trends were also discussed during the meeting [1]

方正阀门公告，2024年营业收入7.56亿元，同比增长11.28%。归属于上市公司股东的净利润6630.04万 元，同比增长9.42%。公司计划每10股派发现金2.5元(含税)。 ...