Mingyang Electric released its 2026 interim report. Total operating revenue was 2.558 billion yuan, down 26.38% from the same period last year. Net profit attributable to the parent company was 87.1645 million yuan, down 71.55% year on year. Net cash flow from operating activities was negative 516 million yuan, ranking 77th among peer companies that have disclosed. The company's latest asset-liability ratio was 46.88%, gross margin was 18.87%, ROE was 1.67%, and diluted earnings per share was 0.28 yuan. The number of shareholders was 25,700, and the top ten shareholders held 60.00% of the shares.
Guangdong Mingyang Electric Co. Ltd. ANet profit down 71.55% YoY, revenue down 26.38%, negative operating cash flow.
