valve

In terms of the function, valve can be divided into the valves for the urban construction, valves for the heat supply, environmental protection valves, valves for the gas supply, valves for the long-transporting pipes and valves for petroleum. The valve market concerned in the report refers to the summation of various valves. Since the establishment of People’s Republic of China, valve-manufacturing industry has made great progress in its development and the future market for the valve market mainly concentrates in the industries, such as the electricity, petrifaction, chemical fertilizer environmental protection and urban construction. In 2002, the sales of the industry have been RMB 2.46 billion. From 1996 to 2002, no gurgitation has been made in the valve industry and the main economic indexes have been stable except for the profit index in 1998; however, the profit margin of Chinese valve industry is comparatively low. In 2002, state-owned enterprises, collectivity enterprises, liability-limited enterprises and the private enterprises within the trade have all operated normally. Except for the sharp decline in the total profit of the state-owned enterprises, the other indexes have all increased to different extent in comparison with those of last year. Except for the slight decline in the total industrial output value and the total industrial sales value, main economic indexes of the Sino-foreign joint ventures, such as the total profit, have all increased sharply in comparison with those in the last year due to the influence of the international and domestic factors.