NEWAY: Plans to invest 1.2 billion yuan to build a high-performance fluid control valve project

36Kr learned that NEWAY announced that in order to alleviate capacity bottlenecks and meet the growing demand for electric and water valve orders, the company plans to invest in a high-performance fluid control valve project. The total investment for the project is approximately 1.2 billion yuan, with funding sourced from its own and self-raised funds. The construction period for the project is about 12 months, and it is expected to be completed in March 2027, with an anticipated annual production of about 300,000 valves and an annual output value of approximately 2.5 billion yuan. This investment matter has been approved by the second meeting of the sixth board of directors and is yet to be submitted for shareholder meeting approval. The company stated that this project will help enhance its overall competitiveness and sustainable development capabilities. It also cautioned about risks related to project advancement, economic benefits not meeting expectations, and liquidity