Guangdong Mingyang Electric Co.,Ltd. (301291) Wins Procurement Project from CH ENERGY ENG Guangdong Thermal Power Engineering Co., Ltd. with Bid Amount of 7.36 Million Yuan

Deep News10-30

According to data, Guangdong Mingyang Electric Co.,Ltd. announced on October 30, 2025, that it has won a procurement project from CH ENERGY ENG Guangdong Thermal Power Engineering Co., Ltd. under the "Huizhou Yangcun Photovoltaic Project Zone II Section II Package Transformer Procurement for New Energy Companies," with a bid amount of 7.36 million yuan.

Relevant listed company: Guangdong Mingyang Electric Co.,Ltd. (301291.SZ).

Key financial highlights of Guangdong Mingyang Electric Co.,Ltd. (301291.SZ): - In 2024, the company reported revenue of 6.444 billion yuan, representing a growth rate of 29.62%. Net profit attributable to shareholders was 663 million yuan, with a growth rate of 33.80%, and ROE stood at 14.86%. - For the first half of 2025, revenue reached 3.475 billion yuan, growing by 40.51% year-on-year, while net profit attributable to shareholders was 306 million yuan, up 24.38%.

The company operates in the industrial sector, specializing in power transformation equipment, electronic components, and specialized machinery and components. Its 2024 revenue breakdown was as follows: - Package substations: 65.79% - Transformers: 16.67% - Switchgear assemblies: 10.46% - Others: 5.66% - Other business: 1.43%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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