This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China Ming Yang Wind Power Group's CEO Discusses Q2 2011 Results - Earnings Call Transcript

According to the development planning of new energy to be released, which is part of the Chinese Government 12th five-year plan, wind power will be of strategic importance to the energy development. The scale of wind-power development will be enhanced and electricity tariff mechanism will be improved.

After raising a tariff off-grid connected photovoltaic power, it is expected that the Government will show support to the pricing mechanism of offshore wind power to stimulate another round of development of offshore wind power.

Additionally, there will be a new strategic planning of the wind market; a transition from the concentrated development of the three regions of North Eastern, North Western, and North China to the synchronous development of grand bases, areas with most wind speed offshore wind power and distributed clean energy. Overall, China's wind power industry has entered a crucial period and its focus is shifting from speed and size to quality and efficiency.

The development of China's wind power industry is entering a steadier growth phase. In May, the National Energy Administration hosted the Wind Power Development Conference in Nantong, Jiangsu Province, and the target installed capacity of wind power during the 12th five-year plan is set to be more than 100 gigawatts.

According to the National Energy Administration, 38.6 billion kilowatts of wind power was generated by wind power in China in the first six months of 2011; a year-on-year increase of 61%, which exhibited the fastest growth among all the energy sources in China.

The Chinese Government has laid down a series of industrial standards, aiming to emphasize product quality and efficiency, instead of only blind capacity expansion. We believe higher industry standards and barriers of entry will favor the more competitive players.

Ming Yang's development strategy is put product quality and efficiency first, with the focus on technology and product reliability. Our revenue recognition is based on-grid connection, and we strive for stable and healthy development. With Ming Yang's unique competitive advantages, we believe that our market share can be further increased during industry consolidation.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs