Core Viewpoint - Nuwei Co., Ltd. has experienced significant stock price growth in 2023, with a year-to-date increase of 63.96% and a recent upward trend in trading performance [2] Company Overview - Nuwei Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on November 14, 2002, with its stock listed on January 17, 2014 [2] - The company specializes in the design, manufacturing, and sales of industrial valves, with its main revenue sources being valves and parts (97.34%), castings and forgings (1.95%), and others (0.71%) [2] - Nuwei Co., Ltd. is classified under the mechanical equipment industry, specifically in general equipment and metal products [2] Financial Performance - For the first half of 2025, Nuwei Co., Ltd. reported a revenue of 3.404 billion yuan, reflecting a year-on-year growth of 19.96% [2] - The net profit attributable to shareholders for the same period was 637 million yuan, showing a year-on-year increase of 30.44% [2] Shareholder Information - As of June 30, 2025, the number of shareholders for Nuwei Co., Ltd. was 12,500, a decrease of 0.62% from the previous period [2] - The average number of tradable shares per shareholder increased by 0.63% to 60,539 shares [2] - The company has distributed a total of 4.148 billion yuan in dividends since its A-share listing, with 1.830 billion yuan distributed over the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest shareholder, holding 62.9284 million shares, an increase of 10.7051 million shares from the previous period [3] - Other notable institutional shareholders include Jiashi Value Evergreen Mixed A and Jiashi Value Driven One-Year Holding Period Mixed A, with changes in their holdings noted [3]

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]