Mingyang Electric

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Mingyang Electric - overview

Established

2015

Location

Zhongshan, -, China

Primary Industry

Power & Utilities

About

Based in Zhongshan, China, and founded in 2015, Mingyang Electric operates as a manufacturer of electrical equipment, providing intelligent power transmission and distribution equipment. The company is a subsidiary of Mingyang Group. It has been accredited by the China National Accreditation Service for Conformity Assessment (CNAS) and has more than 200 patented technologies. Mingyang Electric also has set up an Academician Workstation and a National Enterprise Technology Center.


In August 2020, it completed a strategic investment. In June 2023, the company was listed on the Shenzhen Stock Exchange. The products of the company can be divided into three categories which are switchgear and control gear, transformers, and box-type substations. Products within include Eco-friendly gas-insulated AC metal-enclosed ring switchgear (MYS9-40.


5 and MYS10-40. 5), Okken intelligent low-voltage switchgear, offshore wind power step-up dry-type transformers, and new energy (wind/photovoltaic) power generation combined transformers. Products can be used in power generation, power grids, data centers, rail transportation, petrochemicals, and new infrastructure, and be exported to Germany, Russia, the Philippines, Malaysia, Vietnam, Bulgaria, and Ukraine. The company's revenue and net income for 2022 were CNY 3.


23 billion and CNY 265 million, respectively. Mingyang Electric will be the wholly-owned parent company of Guangdong Borui Tiancheng Energy Technology.


Current Investors

Guangdong Zhongguang Investment Management, Shenzhen Capital Real Estate Fund, Qianhai Ark Capital

Primary Industry

Power & Utilities

Sub Industries

Electric Utilities, Power Generation Equipment & Services

Website

www.mingyang.com.cn

Verticals

Clean Technology, Manufacturing

Company Stage

Mature

Total Amount Raised

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