Newater Technology, Inc. reported audited consolidated earnings results for the year ended December 31, 2017. For the period, the company reported total revenues of $25.34 million against $12.28 million a year ago. Operating income was $2.69 million against $1.39 million a year ago. Income before tax was $3.07 million against $2.98 million a year ago. Net income was $2.59 million against $2.43 million a year ago. Basic and diluted earnings per share were $0.26 against $0.28 a year ago. Income from operations was $2,687,282 against $1,394,427 a year ago. Net cash used in operating activities $3,189,701 against $663,655 a year ago. Purchase of property, plant and equipment was $1,482,360 against $66,641 a year ago. Revenues increased by 106%, which resulted primarily from the increased demand for their projects and services, evidenced by a large increase in their project sales, an increased number of customers and larger scale projects, and service sales.