BALLERUP, Denmark and SHANGHAI, China - LiqTech International, Inc. (NASDAQ: NASDAQ:LIQT), a provider of advanced filtration technologies, has entered into a Memorandum of Understanding (MoU) with China Haisum Engineering Co., Ltd. to explore industrial water treatment solutions in China.
This collaboration aims to implement LiqTech's silicon carbide membrane-based ultrafiltration technology across various industries in China, addressing the increasing demand for environmental protection and sustainability.
China Haisum Engineering, listed as Stock Code 002116, is a comprehensive engineering company offering services in multiple sectors including light industry, agriculture, and public utilities.
The partnership with LiqTech aligns with China Haisum's commitment to technological innovation and sustainable development. General Manager Wen Zheng expressed anticipation for the joint efforts to advance this technology in light industry and other fields.
LiqTech's CEO Fei Chen highlighted China's significance as a market for industrial water treatment, and the company's ultrafiltration technology has shown promising results globally. This MoU is expected to facilitate the introduction of LiqTech's advanced membrane filtration technology into the Chinese market, where China Haisum provides engineering services.
LiqTech International specializes in ceramic silicon carbide filtration technologies for gas and liquid purification, including controlling diesel exhaust soot emissions.
InvestingPro Insights
As LiqTech International, Inc. (NASDAQ: LIQT) forges a strategic partnership with China Haisum Engineering Co., Ltd. (Stock Code 002116) to deliver industrial water treatment solutions in China, a closer look at China Haisum's financial metrics provides a clearer picture of the company's market position. With a solid market capitalization of $560.25 million, China Haisum showcases a stable investment profile. The company's P/E ratio, a measure of its current share price relative to its per-share earnings, stands at 12.44, indicating a reasonable valuation compared to industry peers. Adjusted for the last twelve months as of Q1 2024, the P/E ratio experiences a slight increase to 13.74.
Investors looking for growth potential in a stock will find China Haisum's PEG ratio of 0.35 particularly enticing, suggesting that the stock may be undervalued given its earnings growth prospects. This is further corroborated by an impressive revenue growth of 14.63% during the same period. The company's commitment to innovation and sustainable development aligns with its financial growth, as evidenced by a substantial EBITDA growth of 78.8% in the last twelve months as of Q1 2024.
For those interested in dividend returns, China Haisum's dividend yield stands at 2.95%, with a notable dividend growth of 82.62% in the last twelve months as of Q1 2024. This reflects the company's ability to generate sufficient earnings to support dividend payouts, which is an attractive feature for income-focused investors.
InvestingPro Tips highlight additional strategic aspects of China Haisum's financial health. For instance, the company's robust revenue and EBITDA growth rates emphasize its operational efficiency and profitability potential. For more comprehensive analysis and insights, InvestingPro includes a total of 15 additional tips for investors considering adding China Haisum to their portfolio.
Overall, these financial metrics and InvestingPro Tips underscore the potential of China Haisum's collaboration with LiqTech International, suggesting a promising avenue for growth and shareholder value in the burgeoning field of environmental sustainability and industrial water treatment in China.
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