China Ming Yang Wind Power (MY) Reports Q3 EPS of RMB0.58

China Ming Yang Wind Power (NYSE: MY) reported Q3 EPS of RMB0.58, versus RMB0.57 reported last year. Revenue for the quarter came in at RMB1.74 billion, versus RMB1.72 billion reported last year.

Total wind turbine generators ("WTG"s) for which revenue was recognized amounted to an equivalent wind power project output of 530MW, representing 128 units of 1.5MW WTGs and 169 units of 2.0MW WTGs, compared to 524.5MW in the third quarter of 2014.

Earnings Guidance

Based on the Company's current order book and its current views and estimates on its current operating and market conditions and its current business plans and customer demand, the Company expects that for the quarter ended December 31 2015, (i) its estimated revenue will be in the range of RMB2.0 billion to RMB2.2 billion, compared to RMB2.0 billion for the quarter ended December 31, 2014; and (ii) its estimated net profit for the period will be in the range of RMB95 million to RMB115 million, compared toRMB84 million for the quarter ended December 31, 2014. Please note that these projections are subject to change and changes may be material.

For earnings history and earnings-related data on China Ming Yang Wind Power (MY) click here.

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