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Ming Yang Smart Energy Group Ltd (Ming Yang) is a provider of new energy high-end equipment and wind turbines. The company’s products comprise wind turbines and photovoltaic products. Ming Yang offers wind turbine generators and wind-solar storage power system solutions. The company offers operation and maintenance services for its products. It has offices in Beijing, Shanghai, Shenzhen, Germany, and the US. Ming Yang is headquartered in Zhongshan, Guangdong, China.
Headquarters
China
Address
No. 22, Torch Road, Torch Development Zone, Zhongshan, Guangdong, 528400
Website
www.myse.com.cn
Telephone
86 10 50815010
No of Employees
11,475
Industry
Alternative Energy
Ticker Symbol & Exchange
601615 (SHA)
Revenue (2021)
$4.6B
13%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
9.4%
(2021 vs 2020)
Market Cap*
$3.0B
Net Profit Margin (2021)
XYZ
-3.1%
(2021 vs 2020)
* As of and is in US$
Ming Yang Smart Energy Group Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Wind Turbine Products | Operation and Maintenance Service |
| Photovoltaic Products |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In January, the company announced its plans to acquire 100% stake in Guangdong Mingyang Longyuan Power Electronics from ZhongShan MingYang Electrical Appliances. |
| 2023 | Plans/Strategy | In October, the company announced its plans to build a 22MW offshore wind turbine. |
| 2023 | Contracts/Agreements | In July, the company set up a joint venture with BASF to develop, build and operate a 500MW offshore wind farm in south China. |
Competitor Comparison
| Key Parameters | Ming Yang Smart Energy Group Ltd | Hangzhou Steam Turbine Power Group Co Ltd | Dongfang Turbine Co Ltd | Harbin Turbine Co Ltd | Nanjing Turbine & Electric Machinery (Group) Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Zhongshan | Hangzhou | Deyang Shi | Harbin | Nanjing |
| State/Province | Guangdong | Zhejiang | Sichuan | Heilongjiang | Jiangsu |
| No. of Employees | 11,475 | 3,985 | - | 5,600 | 2,000 |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Zhang Chuanwei | Chief Executive Officer; Chairman | Executive Board | 2017 | 61 |
| Shen Zhongmin | Chief Strategy Officer; Vice Chairman | Executive Board | 2017 | 60 |
| Zhang Qiying | Director; Chief Operating Officer; Chief Technology Officer | Executive Board | 2020 | 45 |
| Yi Lingna | Vice President | Senior Management | 2020 | 39 |
| Yu Jiangtao | Vice President | Senior Management | 2020 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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