CNNMoney.com  Apr 14  Comment 
Read full story for latest details.
TheStreet.com  Apr 9  Comment 
NEW YORK (TheStreet) -- After climbing on Tuesday, China Ming Yang Wind Power  is giving back a portion of those gains. By midday, shares had taken off 2% to $2.93. Trading volume of 2.6 million had nearly exceeded its three-month daily average...
TheStreet.com  Apr 8  Comment 
NEW YORK (TheStreet) -- China Ming Yang Wind Power  rose Tuesday after the company reported its fourth-quarter results. Total wind turbine generators (WTGs) decreased 32.1% to an equivalent wind power project output of 175.5 megawatts (MW) from...
StreetInsider.com  Apr 8  Comment 
Gigamon (NYSE: GIMO) 32.6% LOWER; expects revenue for the first quarter to be approximately $31.0 million to $31.5 million, below the company's previously stated guidance of $34.0 million to $35.0 million. The revenue shortfall was primarily...
SeekingAlpha  Apr 8  Comment 
China Ming Yang Wind Power Group Limited (MY) Q4 2013 Earnings Conference Call April 7, 2014 9:00 p.m. ET Executives Chuanwei Zhang – Chairman and CEO Calvin Lau – CFO Beatrice Li – Director of IR Analysts Carl Liu...
StreetInsider.com  Apr 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/China+Ming+Yang+%28MY%29+Widens+Q4+Loss+to+RMB3.36Share/9358542.html for the full story.
StreetInsider.com  Apr 4  Comment 
The Trading Radar highlights key earnings and economic announcements for the next trading session: Intraday or Not Specified: Economics: 3:00pm EST Consumer Credit - Street sees $14.3B After Markets Close: Earnings: China Ming Yang (NYSE: MY) -...
New York Times  Mar 26  Comment 
Officials said that they recovered two more bodies from a landslide in Washington and believe they have located another eight in the debris, bringing the official death toll to 16, with the possibility of 24 dead.     
DailyFinance  Mar 25  Comment 
SEATTLE, WA--(Marketwired - March 25, 2014) - The Seattle Division of Penhall Company, a market leader in concrete cutting, breaking, excavation and grinding services, has donated funds to the King County Police Union's MY ID CLUB Organization....
New York Times  Mar 25  Comment 
Officials said that they recovered two more bodies from a landslide in Washington and believe they have located another eight in the debris, bringing the official death toll to 16, with the possibility of 24 dead.     


China Ming Yang Wind Power (NYSE:MY) is the largest, non-government controlled, Chinese company which manufactures, sells, and maintains mega-watt level wind turbines.The company sells its wind turbines mostly to the largest 5 energy producers in China. China Ming Yang also sells its turbines to alternate energy investment companies, regional power producers, and wind farms.[1]

Wind energy is one of the fastest growing sources of renewable energy. According to BTM Consult, a renewable energy focused consulting firm, wind power accounted for 1.6% of the total global production of electricity in 2009. That number is expected to rise to 8.4% by 2019. BTM also expects the the total energy capacity of installed wind turbines will rise by a compounded annual gross rate of 22.8% from 2009 to 2014. Wind turbines have grown particularly fast in China due to the support from the central government.[2]

The company's initial public offering of stock on the NYSE and occurred on September 30, 2010. The price range was $14-$16, and the stock priced at the low end of the range at $14. The company sold 25M ADS shares and raised $350M. The lead underwriters of the deal were Morgan Stanley (MS), Credit Suisse Group (CS), and Bank of America (BAC).[3]

The company's revenue figures rose by 834% - from 125M RMB in 2008 to 1.172B RMB 2009. This large jump in revenue is because the company only began to ramp up sales and production of its turbines during 2008. The company's net loss improved during this period from -500M RMB in 2008 to -223M RMB to 2009. The company plans to use the proceeds of its IPO to pay off debt obligations and fund growth and investments.[4]


  1. MY F-1 2010 "Prospectus Summary: Overview" pg 1-2
  2. MY F-1 2010 "Prospectus Summary: Our Industry" pg 2
  3. Renaissance Capital - IPO "China Ming Yang prices IPO at $14.00, low end of the range" 1 Oct 2010
  4. MY F-1 2010 "Summary Consolidated Financial and Operating Data" pg 0
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki