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China Ming Yang Wind Power Group's CEO Discuses Q3 2011 Results - Earnings Call Transcript

Future information regarding these risks and other risks and uncertainties or factors is included in Ming Yang's filings with the US Securities and Exchange Commission. Ming Yang does not undertake any obligation to update any forward looking statements as a result of new information, future events, or otherwise except as required under applicable law.

I would now like to turn the call over to Calvin Lau, Director of Investor Relations. Mr. Lau, please proceed.

Calvin Lau

Thank you, operator and thank you for joining us today. We have issued our Third Quarter 2011 Earnings release just now. I hope you have a chance to actually review it. The presentation used for this call is also available on our website. We welcome you to ask questions later on.

In today's call, Mr. Zhang will discuss the latest business and operational developments of Ming Yang. And Mr. Loong will walk you through the Company's financial performance for the quarter. And then, Mr. Loong will brief you on the company's outlook and guidance. After that, we will open the floor to questions from the audience. I'd like to now turn the call over to Mr. Zhang. Please proceed.

Chuanwei Zhang

(interpreted) Ladies and gentlemen, good morning and good evening, everyone. I am Chuanwei Zhang, Chairman and CEO of China Ming Yang Wind Power Group Limited. Thank you for joining us in our results announcement for the Third Quarter of 2011. And I also want to thank you for your great support.

I'd like to take this opportunity to share some thoughts on the current situation of China's wind power industry. After that, I'd like to talk about what Ming Yang has achieved and the steps ahead we're going to take under such circumstances.

Looking at the industry, on the whole, we can see that the Chinese government's very determined to wind power development. China has very stable wind power policies and very specific goals. Meanwhile, we can see that the wind industry has entered into a period of restructuring.

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