On April 7, Ming Yang Smart Energy Group Limited(601615) announced that the net profit attributable to the shareholders of the listed company is expected to be 1.3 billion yuan to 1.55 billion yuan from January to March 2022, with a year-on-year increase of 408.02% to 505.72%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 1.29 billion yuan to 1.54 billion yuan, with a year-on-year increase of 440.93% to 545.76%.
The company said that the continuous performance growth came from the increase of orders on hand and the increase of fan delivery scale.
leading the large-scale fan
With the large-scale development of offshore wind power, the technical advantages of semi direct drive have gradually become prominent. Many well-known complete machine manufacturers in China have gradually turned to semi direct drive technology recently.
Ming Yang Smart Energy Group Limited(601615) as the first complete machine manufacturer in China to focus on R & D and application of semi direct drive technology, the company has obvious first mover advantage. In 2010, the company launched the world’s first 3MW ultra compact wind turbine based on semi direct drive technology. After ten years of practice accumulation and three upgrades, it has the first mover advantage of fast product renewal, lower cost, higher power generation and more obvious technical route advantages. According to different wind conditions and climatic conditions, a multi product layout of “covering the present and occupying the future” has been formed.
Ming Yang Smart Energy Group Limited(601615) makes full use of the advantages of semi direct drive technology to promote the large-scale upgrading of products, designs and develops compact models, high-power unit technology, super large blade technology, etc., further reduces the consumption of raw materials, reduces the weight and volume of fans, also provides assistance for transportation, installation and other aspects, and effectively reduces the cost of kwh.
In 2020, the company’s 3MW and above models accounted for 92.82% of delivery projects. In the first three quarters of 2021, the company’s 3MW and above models accounted for about 98% of the delivered projects, and the 5MW and above models accounted for nearly 60%. In August last year, Ming Yang Smart Energy Group Limited(601615) announced the launch of the world’s largest 16mw offshore wind turbine. The continuous R & D investment has not only made continuous breakthroughs for Ming Yang Smart Energy Group Limited(601615) in the aspects of large-scale, lightweight and intelligent fans, but also built a prominent cost “moat” advantage.
wind, solar energy and hydrogen storage integration strategy quickly implemented
For Ming Yang Smart Energy Group Limited(601615) , wind power is its inner barrier. On this basis, the company also prospectively proposes the integration of wind, solar and hydrogen storage, and is committed to building a multi-energy collaborative matrix high-end equipment manufacturer and comprehensive energy solution provider. At present, the company has carried out multi latitude layout.
In terms of photovoltaic, Ming Yang Smart Energy Group Limited(601615) laid out the heterojunction technology route. In 2021, the company invested in the construction of 5GW photovoltaic heterojunction cells and 5GW photovoltaic high-efficiency modules in heterojunction photovoltaic. At present, the equipment procurement of heterojunction photovoltaic cell project has been completed, and the construction has started in Yancheng City, Jiangsu Province. The heterojunction module project has started construction in Xinyang City, Henan Province, and is expected to be put into operation within this year.
In terms of energy storage, Tianjin Ruineng Electric Co., Ltd., a wholly-owned subsidiary of Ming Yang Smart Energy Group Limited(601615) company, has developed energy storage 3S system after years of technical experience, and has batch external orders. In February this year, Ming Yang Smart Energy Group Limited(601615) obtained 13.03% equity of Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) subsidiary Haiji new energy with a capital increase of 190 million yuan, becoming the third largest shareholder of Haiji new energy. This investment in Haiji new energy will open up the industrial chain layout of the core links from energy storage system to lithium battery for Ming Yang Smart Energy Group Limited(601615) and raise the comprehensive service capacity of the company’s one-stop intelligent new energy overall solution to a new level.
With the cooperation and mutual assistance of wind, light, storage and hydrogen new energy sectors, Ming Yang Smart Energy Group Limited(601615) is establishing the strategic layout of “wind, light, storage and hydrogen” integrated matrix new energy high-end equipment manufacturing system based on wind power.
With the continuous promotion of external market policies, Ming Yang Smart Energy Group Limited(601615) continues to expand its own advantages, and all businesses can develop rapidly and orderly. According to Founder Securities Co.Ltd(601901) analysis, driven by the large base of parity and the high boom of offshore wind power, the industry boom is expected to maintain. It is estimated that the net profit attributable to the parent company from Ming Yang Smart Energy Group Limited(601615) 2022 to 2023 will reach 3.482 billion yuan and 3.904 billion yuan respectively Ming Yang Smart Energy Group Limited(601615) will further open up growth space and achieve sustained and stable high-speed development.
