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Forum - Wall Street Pit (NewWater Technology - NEWA)    Stock Due Diligence for All

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From: SunTzu772 (Rep: 990)Date: 11/14/2017 12:14
Forum: Wall Street Pit - Msg #2701374 - List NEWA msgs Thread #673966116 (Rec: 0)
14.75 creeping back towards the highs...gave up figuring an e/r date

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"Our balance of net accounts receivable from both third parties and related parties was $5,079,032 as of December 31, 2015, representing an increase of $4,911,040, or 2923%, compared with $167,992 as of December 31, 2014. The huge increase was largely attributed to our 575% growth in revenue, and relaxation of accounts receivable credit policy for the year ended December 31, 2015 in order to build long-term relationships with customers."
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"Our revenue from third parties was $4,766,239 and $581,895 for the six months ended June 30, 2016 and 2015, respectively, an increase of $4,184,344, or 719%. Our significant revenue growth for the six months ended June 30, 2016 resulted primarily from increased demand for our products and projects, evidenced by an increased number of customers and larger scale projects we were awarded."
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"Our net income (loss) was $945,577 and ($1,593) for the years ended December 31, 2015 and 2014, representing an increase of $947,170. The increase in net income was a result of our increased revenue and higher gross margin, offset by increased selling and administrative expense for the year ended December 31, 2015, compared to the year ended December 31, 2014."
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https://www.sec.gov/Archives/edgar/data/1678022/000121390017000475/filename1.htm#a_010

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Newater Technology, Inc. develops, manufactures, and sells filtration products used in wastewater purification. It offers disk tube reverse osmosis (DTRO) and disk tube nanofiltration (DTNF) membrane filtration products that are used in the treatment, recycling, and discharge of wastewater. The company also supplies hardware and engineered systems to implement integrated solutions with DTRO and DTNF products. In addition, it provides traditional wastewater treatment solutions, such as activated carbon and resins; as well as engineering support and installation, technical advice, and other project related services. The company serves garbage, chemical, and energy industries. Newater Technology, Inc. was incorporated in 2015 and is headquartered in Yantai, China.



------------------- "Opportunities multiply as they are seized" -- Sun Tzu circa 500 B.C. -------------------

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