On April 14, Ming Yang Smart Energy Group Limited(601615) released the annual report for 2021. In 2021, Ming Yang Smart Energy Group Limited(601615) achieved an operating revenue of 27.158 billion yuan, with a year-on-year increase of 20.93%; The net profit attributable to the shareholders of the parent company was 3.101 billion yuan, a year-on-year increase of 125.69%; The gross profit margin was 21.43%, a year-on-year increase of 2.86 percentage points.
Ming Yang Smart Energy Group Limited(601615) pointed out in the annual report that during the reporting period, based on the main business of fan manufacturing, the company further cultivated on the semi direct drive technology route and led the process of large-scale units in the world. In terms of offshore wind power technology, actively consolidate the competitive advantage and realize the successful grid connection of China’s first floating fan. At the same time, the company strives to explore post wind power market services and overseas markets, and realize large-scale sales in overseas markets such as Europe and Southeast Asia. In addition, the company further iterated the business model of “rolling development” of the company’s power station assets by paying equal attention to industry and capital. The leading position of Ming Yang Smart Energy Group Limited(601615) in the field of intelligent new energy has been strengthened through the continuous vertical and deep excavation in the wind power industry and the coordinated layout of the whole industrial chain of wind, light, storage and hydrogen.
industry “capacity expansion” boosts high-quality growth
Stimulated by both demand and economic benefits, as the first year of China’s onshore wind power entering the comprehensive parity stage, the scale of new bidding for onshore wind power in China increased significantly in 2021. According to incomplete statistics, the new bidding scale of onshore wind power in China exceeded 57.85gw in 2021, becoming the year with the highest bidding scale in the history of wind power development in China.
In terms of offshore wind power, according to the statistics of the national energy administration, China added 16.9gw of offshore wind power installed capacity in 2021, a year-on-year increase of more than 161%. According to the statistics of Bloomberg, 80.02% of the new global offshore wind power in 2021 came from China. By the end of 2021, the cumulative installed capacity of offshore wind power in China had reached 26.39gw, ranking first in the world.
Relying on the leading technical advantages and good customer service ability, Ming Yang Smart Energy Group Limited(601615) the service ability and level of the intelligent new energy overall solution have been continuously improved, continuously realized the effective transformation between industrial growth opportunities and the steady growth of the company’s performance, and created a high-quality development sample for the whole wind power field.
Reviewing the performance of Ming Yang Smart Energy Group Limited(601615) from 2019 to 2021, it can be found that the company’s operating revenue reached 10.493 billion yuan, 22.457 billion yuan and 27.273 billion yuan respectively, with an average annual compound growth rate of 60%.
In addition, on April 7, Ming Yang Smart Energy Group Limited(601615) disclosed the performance forecast for the first quarter of 2022. The company expects to achieve a net profit of 1.3 billion yuan to 1.55 billion yuan in the first quarter, with a year-on-year increase of 408.02% to 505.72%; The net profit deducted from non profit was 1.29 billion yuan to 1.54 billion yuan, with a year-on-year increase of 440.93% to 545.76%. On the basis of the high increase in the shipment of sea wind turbines caused by the rush loading of sea wind in 2021, the delivery scale of wind turbines continued to increase in a high proportion in the first quarter of 2022, and continued to maintain a leading position in the industry.
According to the analysis of Sinolink Securities Co.Ltd(600109) Research Report, through technological innovation and business model innovation, Ming Yang Smart Energy Group Limited(601615) has gradually developed into a leading intelligent energy enterprise group with important global influence in China.
continuous R & D investment
In the process of fully implementing the “double carbon” goal and facing the new market environment, Ming Yang Smart Energy Group Limited(601615) give full play to the advantages of the leading and semi direct drive technology developed by the company, continuously increase R & D investment, promote the large-scale of units, realize the innovation of onshore and offshore wind turbines and the upgrading of intelligent electric field management platform, and continue to lead the development of China’s wind power industry.
During the reporting period, Ming Yang Smart Energy Group Limited(601615) ‘s R & D investment reached 1.054 billion yuan, a year-on-year increase of 42.28%, accounting for 31.76% of the annual net profit. Previously, in 2019 and 2020, the company’s R & D investment has reached 467 million yuan and 741 million yuan respectively.
In 2021, Ming Yang Smart Energy Group Limited(601615) focused on the technical route of compact semi direct drive wind turbine, further reduced the hourly power cost of wind power generation and improved the competitiveness of the wind power industry by promoting the large-scale wind turbine Ming Yang Smart Energy Group Limited(601615) successively completed myse8 The 3-180 semi direct drive offshore anti typhoon unit is connected to the grid at full power in Xinghua Bay, Fujian Province. Myse7 has been launched one after another 0-200, the world’s largest onshore wind turbine and myse16 0-242, the world’s largest offshore wind turbine, further leads the wave of large-scale wind turbines. In particular, on December 7, 2021, install Ming Yang Smart Energy Group Limited(601615) myse5 5. The “Three Gorges pilot” of floating wind turbine is officially connected to the grid for power generation, which is the first national floating demonstration project. At the same time, this breakthrough also makes Ming Yang Smart Energy Group Limited(601615) have the first floating fan put into commercial operation in the Asia Pacific region.
