Neway Valve(Suzhou) Co.,Ltd.’s Net Profit Rose 68.6% in First Three Quarters of 2023

Neway Valve(Suzhou) Co.,Ltd. (苏州纽威阀门股份有限公司) (603699.SH) reported a net profit of 594.2 million yuan in the first three quarters of 2023, up 68.6% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 43.5% year-on-year.

At the end of the reporting period, it had 7.7 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 52.2%.