Ming Yang Smart Energy Group Limited Class A

Ming Yang Smart Energy Group Limited Class A

7.20
USD
0.00
(0.00%)
0.13EPS
108.77P/E
5.03BMarket Cap
Oct 31Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
25.15
23.63
19.2
25.01
38.03
77.63
70.39
68.12
63.13
63.2
88.58
89.17
Basic EPS, GAAP
- -
- -
1.3
1.53
1.29
1.54
2.58
4.75
8.17
7.63
0.85
0.81
1.53
0.73
Free Cash Flow per Basic Share
- -
- -
-0.69
-2.57
-1.66
-5.25
12.38
1.12
-5.15
-19.51
-22.9
-18.73
-18.78
- -
Dividend per Share
- -
- -
0.48
0.38
0.55
0.87
1.36
1.86
1.07
1.36
1.98
2.68
2.43
0.83
Book Value per Share
- -
- -
11.54
13.04
14.59
16.13
25.73
39.85
47.72
62.28
61.8
61.06
61.81
60.74
Tangible Book Value per Share
- -
- -
8.96
10.63
11.68
12.36
21.47
36.17
44.54
58.04
56.51
54.59
54.69
53.39
Basic Weighted Avg Shares
- -
- -
276
276
276
276
276
289
387
451
446
430
430
429
Sales/Revenue/Turnover
3,579
5,088
6,940
6,520
5,298
6,902
10,493
22,457
27,216
30,748
28,124
27,158
38,095
38,267
Operating Margin (%)
-1.23
3.51
8.42
9.26
5.98
6.74
7.59
9.24
12.09
11.44
1.37
0.72
3.26
2.55
Depreciation Expense
110
93
163
194
241
348
439
563
864
1,007
1,095
1,434
1,617
- -
Net Income, GAAP
18
143
358
421
356
426
713
1,374
3,158
3,445
377
346
660
313
Effective Tax Rate (%)
57.14
15.54
18.36
15.99
6.19
- -
11.53
11.7
17.28
10.85
- -
10.36
- -
- -
Profit Margin (%)
0.51
2.81
5.15
6.46
6.72
6.17
6.79
6.12
11.6
11.2
1.34
1.27
1.73
0.82
Working Capital
2,073
1,229
276
327
433
1,564
3,727
6,069
4,436
7,107
5,911
10,989
7,759
10,370
LT Debt
993
1,000
542
821
2,767
3,590
4,654
4,964
4,984
6,700
11,761
14,121
13,850
15,760
Total Equity
3,017
3,114
3,262
3,854
4,257
4,888
7,471
15,084
18,551
28,363
28,576
27,263
27,399
27,236
Return on Invested Capital (%)
-0.17
2.17
6.02
5.87
4.47
- -
5.35
7.73
12.88
11.31
- -
0.94
- -
- -
Return on Capital (%)
1.84
4.26
9.67
9.89
8.78
- -
7.77
10
15.4
11.98
- -
1.5
- -
- -
Return on Common Equity (%)
0.62
4.75
11.4
12.42
9.34
10.05
12.34
12.57
19.02
14.8
1.35
1.29
2.51
1.19

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6,025
10,239
8,366
LT Borrowings
13,583
13,333
15,530
LT Finance Leases
267
269
230
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
426
430
430
Market Capitalization
24,710
51,278
34,111

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
58,339
60,225
59,941
Cash, Cash Equivalents & STI
12,002
12,263
8,544
Accounts Receivable, Net
16,837
17,360
17,508
Inventories
18,222
16,831
18,442
Total Current Liabilities
50,580
51,659
49,572
Payables & Accruals
- -
- -
- -
ST Debt
6,025
10,239
8,366
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.07%
14.51%
0.5%
Free Cash Flow
-34.71%
-75%
0.32%
Net Income, GAAP
31.44%
26.47%
90.65%
Sales/Revenue/Turnover
23.4%
12.5%
40.27%
Total Cash Common Dividend
27.2%
18.1%
-9.09%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,075
6,721
8,441
6,922
27,158
2025
7,704
9,439
- -
11,791
38,095
2026
8,663
8,374
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.68
0.85
0.35
-1.08
0.81
2025
0.7
0.72
- -
-0.25
1.53
2026
0.06
0.2
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.28
2
0.23
2.68
2025
0.26
0.27
- -
0.07
2.43
2026
0.23
0.26
- -
- -
- -

Company Description

CEO
Chuan Wei Zhang
Full Time Employees
13,859
Sector
Producer manufacturing
Industry
Electrical products
Address
No. 22, Mingyang Industrial Park Zhongshan GD China 528400
IPO Date
Jan 23, 2019
Business
Ming Yang Smart Energy Group Limited engages in the research, development, manufacture, sale, and operation of new energy equipment primarily focused on wind power solutions. The company’s core products include large-scale onshore and offshore wind turbines and associated components such as wind turbine generators and fan blades. It produces varied turbine models adapted for diverse environmental conditions, including normal temperature type, low temperature type, wide temperature type, plateau type, coastal type, and floating wind turbines. In addition to wind turbines, Ming Yang offers photovoltaic products, wind-solar storage power system solutions, and intelligent operation and maintenance services. The company also invests in and manages wind farm and photovoltaic power plant projects and provides engineering design, construction, and technical services related to clean energy systems. It operates mainly in China, with expanding international presence including Europe, especially notable in the UK and Italian markets. Founded in 2006 and headquartered in Zhongshan, Guangdong, China, Ming Yang Smart Energy is recognized as a leading high-end new energy equipment manufacturer with significant influence in the global renewable energy sector. Recent major developments include the acquisition of Guangdong Mingyang Longyuan Power Electronics Co., Ltd. in January 2024, enhancing its technology and component capabilities within the wind power sector. In 2025, the company unveiled plans to establish the UK’s first fully integrated wind turbine manufacturing base in Scotland with a planned investment of approximately GBP 1.5 billion, focusing on offshore and floating wind turbine production. Furthermore, Ming Yang announced the development of the world’s largest floating wind turbine in efforts to capture a larger share of the offshore wind market. The company has implemented stock option incentive plans, repurchased shares, and continues to expand its technological innovations in wind power and hybrid clean energy solutions, including solar and hydrogen energy systems. It maintains a strategic alliance with Italian energy firm Renexia and the Italian industry ministry to develop wind turbine manufacturing capacity in Europe, signaling its commitment to international growth and diversified renewable energy offerings. Ming Yang targets utility-scale wind power project developers and operators, government and private clean energy investors, and power generation enterprises across China and global offshore wind markets. It integrates advanced technologies such as IoT and data analytics in smart energy solutions to enhance turbine performance and reliability. The company is a subsidiary controlled by Mingyang New Energy Investment Holding Group Co., Ltd. and holds a prominent position among top Chinese and global new energy firms. This comprehensive portfolio and recent investments position Ming Yang Smart Energy Group Limited as a prominent player in renewable energy equipment manufacturing and project development with expanding international manufacturing operations and cutting-edge offshore wind technologies.