Savvy Trades and Investments

[2morrowsGains]

MY...Ming Yang's cc Notes...

...in 2015, we also expect to complete 400 megawatts wind farms projects which will be developed and operated by ourselves.

...REnergy (MingYang's recent acquisition) is the only WTG component supplier in China with the capability to offer three core components of the electrical control system

...Upon completion of the acquisition and after sharing panels with the RENergy, Ming Yang will be able to design and develop all major WTG components in-house

...It is expected that the total installed capacity of self-run power plant will reach 2 gigawatts by 2017, currently Ming Yang has already lockdown wind resources projects equivalents to 1 gigawatt.

...Ming Yang believes the investment return of their self-run wind farms will be much higher than the industrial average.

...Ming Yang self run wind farms will contribute solid cash flow to Ming Yang.

...we launched the self-developed MY 3.0 MW SCD three-blade WTG in early May this year which mainly focuses on the low wind speed and super low wind speed market

...we are a provider of a full solution in terms of offshore wind power in China.

...and the company is in progress of integrating the operation of REnergy acquisition and after completing the integration, the company expects the acquisition may result in synergy and benefits including the gross profit margin may increase by 3.5% and there will be a reduction in various costs and overall increase in net profit as a result of the acquisition. And the financial impacts of the synergies and benefits are expected to be more pronounced and realized in year 2016.
http://seekingalpha.com/article/3215176-china-ming-yang-wind-power-groups-my-ceo-chuanwei-zhang-on-q1-2015-results-earnings-call-transcript