QUOTE AND NEWS
Automotive World  Jun 12  Comment 
Renault announces a brand new version of its MY Renault smartphone application, for Android and iOS. MY Renault connects motorists dynamically to their cars and to their Renault environments, for a safe, fun and efficient customer experience....
DailyFinance  May 14  Comment 
Filed under: Entertainment, Celebrity, Celebrity News Taylor Swift is all about her fans. I INVITED TAYLOR TO MY GRADUATION PARTY AND SHE SENT ME FLOWERS AND THIS CARD 😭😭😭 I LOVE YOU HONEY...
Clusterstock  Apr 28  Comment 
Fyre Festival is an unmitigated disaster, and the rapper Ja Rule does not want to be blamed. What was supposed to be a three-day all-inclusive luxury music festival in the Bahamas, with tickets up to $12,000, has collapsed under its own weight,...
DailyFinance  Apr 10  Comment 
Filed under: Entertainment, Celebrity, Celebrity Relationship Anyone who buys the rumor that Ryan Phillippe and Katy Perry are Hollywood's newest couple should look no further than Phillippe's Twitter account, where he has noted, in no uncertain...
Automotive World  Mar 15  Comment 
The International Council on Clean Transportation supported the U.S. Environmental Protection Agency’s decision in January 2017 to keep unchanged the greenhouse gas (GHG) emissions standards for model years 2022–2025 cars and light trucks. Our...
The Hindu Business Line  Jan 20  Comment 
Cricket is my best stress buster 1 It's hectic in the corporate world, so the start needs to be enthusiastic. Being a sportsperson helps me maintain a balanced routine of work and exercise. I swea...
Automotive World  Jan 4  Comment 
OEMs still face tough CAFE requirements, but the stiffer penalties for those that fall short won't kick in until MY 2019. By Megan Lampinen The post OEMs granted ‘breathing room’ as CAFE penalty hike delayed appeared first on Automotive World.
DailyFinance  Dec 20  Comment 
Filed under: News, White House Rosie O'Donnell isn't backing down from her criticism of Donald Trump simply because the Electoral College put the official stamp on the election results. If anything, Monday's results prompted her to speak up...
The Hindu Business Line  Dec 9  Comment 
1 hour for prevention better than one year of treatment.
The Hindu Business Line  Oct 28  Comment 
Exercise outdoors, it’s dynamic MY FIVE 1 I am usually up by 4 am, catch a train to the mountains (Sahyadri) as I prefer to train outdoors where the elements of nature such as rain, cold, humid...




 
TOP CONTRIBUTORS

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]

References

  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
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