Ming Yang profits surge shows Chinese wind OEMs' bounty from build-dash

China’s Ming Yang Smart Energy (MYSE) could see profits almost double in the first half of this year, in a signal of the huge bounty the nation’s big turbine OEMs are reaping from a historic dash to build wind farms ahead of government subsidy deadlines.

MYSE’s recurring net profit will come in at between 438m and 548m yuan ($62.7m-78.4m) in the first six months of 2020, up by 56-95％ compared to the result in the same period last year, according to an unaudited financial forecast disclosed by the firm.