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Last $3.65 USD
Change Today +0.05 / 1.39%
Volume 756.2K
MY On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

china ming yang wind pow-ads (MY) Snapshot

Open
$3.59
Previous Close
$3.60
Day High
$3.67
Day Low
$3.58
52 Week High
06/18/14 - $3.88
52 Week Low
12/30/14 - $1.97
Market Cap
447.2M
Average Volume 10 Days
1.9M
EPS TTM
$2.18
Shares Outstanding
122.5M
EX-Date
--
P/E TM
10.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA MING YANG WIND POW-ADS (MY)

china ming yang wind pow-ads (MY) Related Businessweek News

No Related Businessweek News Found

china ming yang wind pow-ads (MY) Details

China Ming Yang Wind Power Group Limited designs, manufactures, sells, and services megawatt-class wind turbines in the People’s Republic of China. The company provides wind turbines with a rated power capacity of 1.5MW and 2.0MW; 2.5/3.0MW SCD; and 6.0/6.5MW SCD wind turbines. It also manufactures and sells wind turbine blades and components; and leases wind turbines. In addition, the company is involved in the research and development of wind turbine technology; maintenance operations; investment and financing activities; and operation of a wind farm. It serves state-owned power producers, as well as regional alternative energy investment companies, regional power producers, and wind farm operators in the private sector. The company was formerly known as China Wind Power Equipment Group Limited and changed its name to China Ming Yang Wind Power Group Limited in April 2010. China Ming Yang Wind Power Group Limited was founded in 2006 and is headquartered in Zhongshan, the People’s Republic of China.

Founded in 2006

china ming yang wind pow-ads (MY) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

china ming yang wind pow-ads (MY) Key Developments

China Ming Yang Wind Power Group Limited Presents at 2015 China International Capital Corporation Limited U.S. Conference, Apr-22-2015

China Ming Yang Wind Power Group Limited Presents at 2015 China International Capital Corporation Limited U.S. Conference, Apr-22-2015 . Venue: New York, United States. Speakers: Kwok Yin Ng, Chief Financial Officer.

China Ming Yang Wind Power Group Limited Announces Board Changes

China Ming Yang Wind Power Group Limited announced the appointment of Mr. Jianren Wen to its board of directors. He will replace Mr. Song Wang who had served as an executive director since September 2010. Mr. Wang resigned as a member of the board and a senior vice president and left the Company in April for personal reasons. The appointment is with immediate effect. Mr. Jianren Wen has over 20-year experience in electricity and electrical equipment industry and is familiar with Ming Yang's operation and management. He has also served as President of the Company since February 2015.

China Ming Yang Wind Power Group Limited Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter Ended March 31, 2015 and for the Full Year 2015

China Ming Yang Wind Power Group Limited announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s revenue was RMB 1,995,988,000 compared to RMB 541,189,000 a year ago. Profit from operations was RMB 80,259,000 compared to loss of RMB 531,752,000 a year ago. Profit before income tax expense was RMB 97,535,000 compared to loss of RMB 563,618,000 a year ago. Profit attributable to shareholders of the company was RMB 84,290,000 or RMB 0.66 per diluted share compared to loss of RMB 411,334,000 or RMB 3.36 per diluted share a year ago. Net income was RMB 80.9 million compared to loss of RMB 501.9 million in the fourth quarter 2013. For the year, the company’s revenue was RMB 5,872,439,000 compared to RMB 2,844,830,000 a year ago. Profit from operations was RMB 276,399,000 compared to loss of RMB 640,770,000 a year ago. Profit before income tax expense was RMB 399,016,000 compared to loss of RMB 725,850,000 a year ago. Profit attributable to shareholders of the company was RMB 358,513,000 or RMB 2.86 per diluted share compared to loss of RMB 504,179,000 or RMB 4.12 per diluted share a year ago. Based on the company's current order book and its current views and estimates on its current operating and market conditions, its current business plans and customer demand, the company currently expects that for the quarter ended March 31, 2015, its estimated revenue to be in the range of RMB 1.2 billion to RMB 1.3 billion, and its estimated net income to be in the range of RMB 36 million to RMB 40 million, note that these projections are subject to change and changes may be material. In addition, the first quarter is typically a seasonally slower period primarily due to the long public holidays in China as well as the customers' wind farm construction progress which is generally slow during winter time. The company currently expects that for the year of 2015, its estimated revenue to be in the range of RMB 7.2 billion to RMB 8.0 billion, representing an increase of 23% to 36% comparing with the revenue for the year of 2014, its estimated net income to be in the range of RMB 290 million to RMB 320 million, representing an increase of 26% to 39% comparing with the net income excluding gain on loss of control of GWPL for the year of 2014, and its estimated gross margin and operating income margin for the year of 2015 to be in the range of 13% to 14% and 7% to 8%, respectively.

 

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MY Competitors

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Company Last Change
Dongfang Electric Corp Ltd CNY27.25 CNY -0.04
Gamesa Corp Tecnologica SA €12.02 EUR +0.125
Sinovel Wind Group Co Ltd CNY7.08 CNY 0.00
Vestas Wind Systems A/S kr303.10 DKK +0.50
Xinjiang Goldwind Science & Technology Co Ltd CNY20.11 CNY -0.17
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Industry Analysis

MY

Industry Average

Valuation MY Industry Range
Price/Earnings 7.9x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 7.9x
TEV/Sales NM Not Meaningful
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