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Ming Yang Smart Energy Group Ltd

Ming Yang Smart Energy Group Ltd

601615 · SHG · Industrials / Specialty Industrial Machinery

7.92CNY+0.04 (+0.51%)

Price History

Full chart

Market Stats

Previous Close7.88
Open7.89
Day Range7.82 – 8.22
52-Week Range9.12 – 26.90
Volume64.75M
Market Cap22.09B
P/E (TTM)108.56
Forward P/E11.74
EPS0.09
Dividend Yield1.89%
Beta0.92
50-Day Avg10.59
200-Day Avg15.52

About

Ming Yang Smart Energy Group Limited engages in the research and development, design, manufacture, sale, maintenance, and operation of energy equipment, wind turbines, and core components in China. It offers onshore and offshore wind turbines; manufactures fan blades; offshore wind power technology; sells platforms; wind power equipment; wind power project investment; photovoltaic products; energy project development; develops and operates wind power; power generation and electricity sales; technology development and service; engineering design and construction; and software and technical services. The company also offers blades, gearboxes, inverter systems, control systems, booster systems, and flexible DC output systems; and floating offshore wind platforms, and integrated solutions for wind, solar, storage, hydrogen, and gas. Ming Yang Smart Energy Group Limited was founded in 2006 and is based in Zhongshan, China.

Company Details

  • SectorIndustrials
  • IndustrySpecialty Industrial Machinery
  • CEOMr. Chuanwei Zhang
  • Employees13.86K
  • HeadquartersMing Yang Industrial Park, Zhongshan, China, 528400, China
  • Websitehttps://www.myse.com.cn

Leadership

  • Mr. Chuanwei ZhangChairman, GM & CEO · b. 1962
  • Mr. Meng FangChief Financial Officer · b. 1979
  • Mr. Dongdong WangVP & COO · b. 1981
  • Mr. Qiying ZhangPresident of Business & Director · b. 1978
  • Mr. Rui ZhangVP & Director · b. 1990
  • Mr. Jianjun LiuChief Risk Officer · b. 1976
  • Ms. Chao ZhangVP & Director · b. 1988
  • Mr. Chengkui WangVP & Secretary of the Board · b. 1982
  • Ms. Lingna YiVice President · b. 1984
  • Mr. Bing HanVice President · b. 1982

Financials

Income Statement

Currency: CNY2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue529.05M3.07B4.01B4.80B2.89B3.58B5.33B6.94B6.52B5.30B6.90B10.49B22.46B27.22B30.75B28.12B27.16B38.09B
Growth (%)-+480.91%+30.34%+19.88%-39.81%+23.84%+48.96%+30.16%-6.04%-18.74%+30.27%+52.03%+114.02%+21.19%+12.98%-8.53%-3.43%+40.27%
Cost of Revenue531.71M2.41B3.01B4.06B2.50B3.13B4.15B5.17B4.84B3.90B5.18B8.12B18.30B21.42B24.71B25.89B25.17B34.16B
Gross Profit-2.66M662.60M993.10M737.57M392.21M453.49M1.18B1.77B1.68B1.40B1.73B2.37B4.16B5.79B6.03B2.23B1.99B3.93B
Gross Margin-0.50%21.56%24.79%15.36%13.57%12.67%22.17%25.57%25.76%26.47%25.00%22.59%18.52%21.29%19.63%7.94%7.31%10.32%
Operating Expense73.08M312.86M630.05M674.70M668.21M473.89M908.71M1.33B1.32B1.04B1.35B1.63B2.58B2.12B2.17B1.85B1.53B2.69B
Operating Income-75.73M349.73M363.05M62.87M-275.99M-20.40M273.17M443.26M358.52M360.24M380.42M738.82M1.58B3.68B3.86B383.58M451.93M1.24B
Operating Margin-14.31%11.38%9.06%1.31%-9.55%-0.57%5.12%6.39%5.50%6.80%5.51%7.04%7.03%13.52%12.57%1.36%1.66%3.26%
EBITDA-47.43M402.33M429.73M266.31M27.64M290.50M271.16M701.73M653.34M577.03M809.55M1.13B2.52B3.88B4.07B738.24M851.11M2.67B
EBITDA Margin-8.97%13.09%10.73%5.55%0.96%8.12%5.09%10.11%10.02%10.89%11.73%10.81%11.20%14.24%13.23%2.62%3.13%7.01%
Net Income-74.40M312.40M299.97M76.54M-190.45M18.11M142.97M357.58M315.44M356.04M425.97M712.56M1.37B3.16B3.44B376.72M346.11M659.87M
Net Income Margin-14.06%10.16%7.49%1.59%-6.59%0.51%2.68%5.15%4.84%6.72%6.17%6.79%6.12%11.60%11.20%1.34%1.27%1.73%
R&D-------181.28M234.55M262.32M196.56M298.01M600.71M872.38M843.79M604.37M562.58M769.66M
R&D as % of Total Revenue-------2.61%3.60%4.95%2.85%2.84%2.67%3.21%2.74%2.15%2.07%2.02%
Interest Expense18.04M40.31M41.57M94.91M133.62M155.43M76.77M135.88M92.69M239.72M281.68M312.94M552.74M490.91M354.94M413.31M570.58M415.62M
Interest Expense % of Total Revenue3.41%1.31%1.04%1.98%4.62%4.34%1.44%1.96%1.42%4.52%4.08%2.98%2.46%1.80%1.15%1.47%2.10%1.09%

Balance Sheet

Currency: CNY2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets251.75M1.07B3.63B7.33B9.78B10.80B10.50B12.71B15.11B18.12B19.12B22.33B34.70B51.63B61.49B68.94B83.86B86.79B96.85B
Total Liabilities22.88M729.40M2.47B4.47B6.65B7.82B7.48B9.83B11.85B14.42B14.87B17.44B27.60B36.54B43.00B40.57B55.41B59.53B69.46B
Total Equity228.88M340.58M1.14B2.82B3.04B2.89B2.94B2.83B3.18B3.45B4.03B4.45B6.72B14.76B18.39B28.11B27.42B26.24B26.32B
Cash133.66M108.66M910.23M1.80B1.29B1.33B799.38M2.25B1.67B3.15B2.83B3.31B10.77B16.33B14.07B11.16B12.96B14.58B10.65B
Total Debt-65.00M110.00M480.00M1.08B1.91B2.08B2.07B1.27B2.46B4.66B5.34B6.64B6.03B6.20B7.63B12.78B15.70B-
Net Debt-133.66M-43.66M-800.23M-1.32B-204.71M584.19M1.28B-173.82M-405.17M-686.01M1.84B2.03B-4.14B-10.31B-7.87B-3.53B-182.55M1.11B6.75B

Cash Flow

Currency: CNY2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-186.76M370.74M-775.55M-681.90M-444.45M-127.58M1.28B112.62M91.40M1.29B276.32M5.76B3.63B5.40B-795.90M-2.59B-2.40B-5.54B
Investing Cash Flow-80.33M-70.43M-198.57M-563.77M-683.15M-500.11M-467.24M184.34M-1.47B-1.11B-1.17B-2.14B-3.76B-6.94B-9.95B-5.29B-2.06B-
Financing Cash Flow249.56M500.82M1.86B736.49M1.17B103.25M-288.82M-680.77M2.80B-225.95M1.07B3.93B5.17B-635.84M7.82B9.20B6.56B-
Capital Expenditure60.39M57.96M179.78M256.93M120.27M79.33M347.32M303.30M801.56M1.76B1.73B2.34B3.31B7.39B8.01B7.61B5.65B2.54B
Free Cash Flow-247.15M312.78M-955.33M-938.83M-564.72M-206.91M937.18M-190.69M-710.16M-468.90M-1.45B3.42B324.72M-1.99B-8.81B-10.20B-8.05B-8.08B
Dividends Paid1.54M7.85M14.78M106.10M34.82M132.61M157.28M133.56M103.95M150.82M239.44M80.01M107.62M206.28M465.25M690.88M1.15B1.05B
FCF to OCF132.34%84.37%123.18%137.68%127.06%162.18%72.96%-169.32%-777.00%-36.28%-524.57%59.34%8.94%-36.86%1106.30%393.67%334.99%145.83%
Dividend Paid to FCF-0.62%2.51%-1.55%-11.30%-6.17%-64.09%16.78%-70.04%-14.64%-32.16%-16.52%2.34%33.14%-10.37%-5.28%-6.77%-14.29%-12.95%

Earnings

Report DateApr 27, 2019Aug 28, 2019Oct 29, 2019Apr 21, 2020Aug 19, 2020Oct 29, 2020Apr 7, 2021Aug 19, 2021Oct 28, 2021Mar 1, 2022Apr 28, 2022Aug 30, 2022Oct 27, 2022Dec 31, 2022Apr 28, 2023Aug 30, 2023Oct 27, 2023Dec 31, 2023Apr 28, 2024Jun 30, 2024Oct 30, 2024Apr 25, 2025Aug 27, 2025Oct 30, 2025Dec 31, 2025Apr 28, 2026Aug 28, 2026
EPS Estimate--------0.730.430.090.520.410.260.850.440.590.720.090.120.78-2.320.290.320.240.490.20
EPS Actual0.030.210.130.150.290.280.140.430.590.470.680.500.36-0.06-0.130.390.23-0.38-0.380.160.07-0.220.090.05-0.03-0.050.03
Surprise---------19.18%9.30%655.56%-3.85%-12.20%-123.08%-115.29%-11.36%-61.02%-152.78%-522.22%33.33%-91.03%90.52%-68.97%-84.38%-110.91%-110.20%-85.00%
TimingPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursPre-market-Pre-marketPre-marketAfter-hours-After-hours-After-hoursPre-marketPre-marketPre-market-Pre-marketAfter-hours

Key Statistics & Ratios

Market Cap22.09B
Enterprise Value37.56B
Trailing P/E108.56
Forward P/E11.74
Price / Sales0.58
Price / Book0.84
EPS0.09
Book Value12.08
Revenue (TTM)37.99B
Gross Profit (TTM)3.71B
EBITDA1.94B
Profit Margin0.42%
Operating Margin0.93%
Return on Equity0.77%
Return on Assets0.20%
Shares Outstanding2.26B
Shares Float1.68B
Beta0.92
Dividend Yield1.89%
Dividend Rate0.19
Payout Ratio0.00%

Dividends

20231×
0.30Jun 14, 2023
20221×
0.22Jun 10, 2022
20211×
0.11Jun 2, 2021
20201×
0.08May 28, 2020
20191×
0.06Jul 12, 2019