China Ming Yang Wind Power (MY) Reports Q3 EPS of RMB0.58
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November 17, 2015 6:00 AM EST
ZHONGSHAN, China, Nov. 17, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited (NYSE: MY) ("Ming Yang" or the "Company"), a leading wind energy solution provider in China, today announced its unaudited financial results for the quarter ended September 30, 2015.
Third Quarter 2015 Operating and Financial Highlights:
Total revenue was RMB1,738.8 million (US$273.6 million), compared to RMB1,716.8 million in the third quarter of 2014.
Gross profit was RMB326.1 million (US$51.3 million), compared to RMB225.6 million in the third quarter of 2014.Â
Gross margin was 18.8%, compared to 13.1% in the third...
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November 17, 2015 5:00 AM EST
ZHONGSHAN, China, Nov. 17, 2015 /PRNewswire/ --Â China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind energy solution provider in China, today announced that its Board of Directors (the "Board") has formed a special committee of independent directors (the "Special Committee") to evaluate the preliminary non-binding proposal letter dated November 2, 2015 from its Chairman and Chief Executive Officer, Mr. Chuanwei Zhang, to acquire all of the Company's outstanding shares not already beneficially owned by him (the "Proposal").
The Special Committee is composed of Messrs.... More
