Guangdong Mingyang Electric Co. Ltd. A

Guangdong Mingyang Electric Co. Ltd. A

301291 · SHE · Industrials / Electrical Equipment & Parts

34.28CNY-1.85 (-5.12%)

Price History

Full chart

Market Stats

Previous Close36.13
Open36.01
Day Range34.08 – 36.96
52-Week Range31.45 – 72.87
Volume6.29M
Market Cap11.32B
P/E (TTM)30.49
Forward P/E0.00
EPS1.18
Dividend Yield1.45%
Beta0.86
50-Day Avg36.72
200-Day Avg46.59

About

Guangdong Mingyang Electric Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of power transmission, distribution, and control equipment in China and internationally. The company offers intelligent switchgear products, including medium- and low-voltage products, gas-insulated switchgears, and high-voltage products; dry-type, liquid-immersed, low-frequency, and auxiliary transformers; IEEE, IEC, and GB standard substations; all-in-one skid products; prefabricated products, including modular step-up solutions, offshore step-up system prefabricated containers, offshore emergency power supply containers, data center power modules, and data center power prefabricated containers; and hydrogen energy integrated systems and electromagnetic components. It also engages in the electromechanical integration business. The company's products are used in onshore and offshore new energy, data centers, smart grids, comprehensive engineering services, and energy and infrastructure transportation. It serves power generation groups, grid operators, and telecom providers. Guangdong Mingyang Electric Co.,Ltd. was founded in 1993 and is based in Zhongshan, China.

Company Details

  • SectorIndustrials
  • IndustryElectrical Equipment & Parts
  • CEOMr. Xianqing Guo
  • Employees3.81K
  • HeadquartersNo. 6, Xingye West Road, Zhongshan, China, 528451, China
  • Websitehttps://www.mingyang.com.cn

Leadership

  • Mr. Xianqing GuoPresident & Director · b. 1967
  • Mr. Wendi LiuChief Financial Officer · b. 1981
  • Mr. Wenyi SunVP & Non-Independent Director · b. 1978
  • Mr. Xingcun YaoVP & Secretary of the Board · b. 1984
  • Mr. Yong Sheng ZhangVice President · b. 1968
  • Mr. Lianhong HuVice President · b. 1975

Financials

Income Statement

Currency: CNY2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.03B3.24B4.97B6.44B6.91B
Growth (%)-+59.40%+53.64%+29.62%+7.22%
Cost of Revenue1.58B2.55B3.87B5.01B5.45B
Gross Profit447.67M684.90M1.10B1.44B1.46B
Gross Margin22.05%21.17%22.20%22.29%21.14%
Operating Expense219.00M309.62M437.14M548.40M652.47M
Operating Income228.67M375.28M666.71M887.73M808.23M
Operating Margin11.26%11.60%13.41%13.78%11.70%
EBITDA-360.15M604.56M804.96M735.72M
EBITDA Margin-11.13%12.16%12.49%10.65%
Net Income161.39M265.29M495.17M662.52M588.29M
Net Income Margin7.95%8.20%9.96%10.28%8.51%
R&D66.75M104.78M163.21M210.90M213.76M
R&D as % of Total Revenue3.29%3.24%3.28%3.27%3.09%
Interest Expense17.96M40.12M12.60M2.13M1.95M
Interest Expense % of Total Revenue0.88%1.24%0.25%0.03%0.03%

Balance Sheet

Currency: CNY2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.64B3.80B7.86B9.34B9.44B
Total Liabilities1.93B2.83B3.64B4.67B4.40B
Total Equity702.26M970.80M4.22B4.67B5.04B
Cash281.41M403.60M2.99B2.42B1.80B
Net Debt250.88M----

Cash Flow

Currency: CNY2021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow115.19M287.78M326.10M385.50M95.83M
Capital Expenditure406.58M19.26M78.42M198.35M331.96M
Free Cash Flow-291.39M268.52M247.68M187.15M-236.13M
Dividends Paid17.37M19.95M37.54M201.37M247.77M
FCF to OCF-252.96%93.31%75.95%48.55%-246.40%
Dividend Paid to FCF-5.96%7.43%15.16%107.60%-104.93%

Earnings

Report DateSep 30, 2023Dec 31, 2023Apr 21, 2024Aug 27, 2024Oct 29, 2024Apr 23, 2025Aug 28, 2025Oct 30, 2025Apr 30, 2026Aug 26, 2026
EPS Estimate----------
EPS Actual0.500.570.290.500.610.730.620.520.080.20
Surprise----------
Timing--After-hoursAfter-hoursPre-marketPre-market----

Key Statistics & Ratios

Market Cap11.32B
Enterprise Value9.94B
Trailing P/E30.49
Forward P/E0.00
Price / Sales1.89
Price / Book2.15
EPS1.18
Book Value16.62
Revenue (TTM)5.99B
Gross Profit (TTM)1.17B
EBITDA468.97M
Profit Margin6.16%
Operating Margin3.31%
Return on Equity7.39%
Return on Assets2.71%
Shares Outstanding314.54M
Shares Float149.82M
Beta0.86
Dividend Yield1.45%
Dividend Rate0.52
Payout Ratio56.69%

Dividends

20261×
0.45Jul 10, 2026
20252×
0.07Sep 15, 20250.72Jun 19, 2025
20241×
0.64Jul 11, 2024
20231×
0.08Oct 24, 2023