BALLERUP, Denmark and SHANGHAI, China – LiqTech Worldwide, Inc. (NASDAQ: NASDAQ:), a supplier of superior filtration applied sciences, has entered right into a Memorandum of Understanding (MoU) with China Haisum Engineering Co., Ltd. to discover industrial water remedy options in China.
This collaboration goals to implement LiqTech’s silicon carbide membrane-based ultrafiltration know-how throughout varied industries in China, addressing the growing demand for environmental safety and sustainability.
China Haisum Engineering, listed as Inventory Code 002116, is a complete engineering firm providing providers in a number of sectors together with mild trade, agriculture, and public utilities.
The partnership with LiqTech aligns with China Haisum’s dedication to technological innovation and sustainable improvement. Normal Supervisor Wen Zheng expressed anticipation for the joint efforts to advance this know-how in mild trade and different fields.
LiqTech’s CEO Fei Chen highlighted China’s significance as a marketplace for industrial water remedy, and the corporate’s ultrafiltration know-how has proven promising outcomes globally. This MoU is predicted to facilitate the introduction of LiqTech’s superior membrane filtration know-how into the Chinese language market, the place China Haisum supplies engineering providers.
LiqTech Worldwide makes a speciality of ceramic silicon carbide filtration applied sciences for fuel and liquid purification, together with controlling diesel exhaust soot emissions.
InvestingPro Insights
As LiqTech Worldwide, Inc. (NASDAQ: LIQT) forges a strategic partnership with China Haisum Engineering Co., Ltd. (Inventory Code 002116) to ship industrial water remedy options in China, a better have a look at China Haisum’s monetary metrics supplies a clearer image of the corporate’s market place. With a strong market capitalization of $560.25 million, China Haisum showcases a steady funding profile. The corporate’s P/E ratio, a measure of its present share worth relative to its per-share earnings, stands at 12.44, indicating an affordable valuation in comparison with trade friends. Adjusted for the final twelve months as of Q1 2024, the P/E ratio experiences a slight improve to 13.74.
Buyers on the lookout for development potential in a inventory will discover China Haisum’s PEG ratio of 0.35 notably engaging, suggesting that the inventory could also be undervalued given its earnings development prospects. That is additional corroborated by a formidable income development of 14.63% throughout the identical interval. The corporate’s dedication to innovation and sustainable improvement aligns with its monetary development, as evidenced by a considerable EBITDA development of 78.8% within the final twelve months as of Q1 2024.
For these taken with dividend returns, China Haisum’s dividend yield stands at 2.95%, with a notable dividend development of 82.62% within the final twelve months as of Q1 2024. This displays the corporate’s capability to generate adequate earnings to help dividend payouts, which is a beautiful function for income-focused traders.
InvestingPro Suggestions spotlight extra strategic elements of China Haisum’s monetary well being. For example, the corporate’s sturdy income and EBITDA development charges emphasize its operational effectivity and profitability potential. For extra complete evaluation and insights, InvestingPro features a complete of 15 extra ideas for traders contemplating including China Haisum to their portfolio.
General, these monetary metrics and InvestingPro Suggestions underscore the potential of China Haisum’s collaboration with LiqTech Worldwide, suggesting a promising avenue for development and shareholder worth within the burgeoning area of environmental sustainability and industrial water remedy in China.
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