Ming Yang Smart Energy Secures Major Wind Turbine Supply Contract in Xinjiang

Deep News05-18

Ming Yang Smart Energy Group Limited (601615.SH) has been announced as the successful bidder for a procurement project by Guangdong Energy Group Xinjiang Co., Ltd. According to the bid result announcement for the "Guangdong Power Xiaocaohu 250MW Wind Power Project Wind Turbine Generators (Including Towers, Supporting Box-type Transformers) and Auxiliary Equipment Procurement (Second Tender)", the company was awarded the contract on May 18, 2026, with a total value of 422 million yuan.

The company reported annual revenue of 27.158 billion yuan for 2024, representing a year-on-year decrease of 3.43%. Net profit attributable to the parent company was 346 million yuan, a decline of 8.12% year-on-year, with a return on equity of 1.31%.

For the first half of 2025, the company's revenue reached 17.143 billion yuan, marking a significant growth of 45.33% compared to the same period in the previous year. However, net profit attributable to the parent company for the period was 610 million yuan, a decrease of 7.68% year-on-year.

Operating within the industrial sector, the company's primary products are wind turbine generators and auxiliary equipment. According to its 2024 annual report, its revenue composition is as follows: wind turbine generators accounted for 76.71%; power station product sales accounted for 10.28%; power generation revenue accounted for 6.37%; photovoltaic products accounted for 2.83%; wind farm power generation accounted for 2.12%; other businesses accounted for 1.67%; and electricity sales revenue accounted for 0.02%.

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