Ming Yang Smart Energy's H1 Profit Slips 8%, Revenue Rises 45%

MT Newswires Live08-28

Ming Yang Smart Energy Group's (SHA:601615) net profit attributable to shareholders in the first half slipped 7.7% to 609.9 million yuan from 660.7 million yuan a year earlier, according to a Shanghai bourse filing on Thursday.

The wind turbine manufacturer's earnings per share fell 6.9% year on year to 0.27 yuan from 0.29 yuan.

Operating revenue rose 45% to 17.1 billion yuan from 11.8 billion yuan in the preceding year, the filing said.

The company's shares dropped over 4% at the close of Thursday's trade.

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