New York-listed Ming Yang – which is currently the subject of a preliminary bid from CEO Chuanwei Zhang to take the company private – made a net profit of 91.5m yuan ($14.4m) in the July-September period, a 28% increase on the same stage of 2014.
Revenues rose 22m yuan to 1.74bn from a year earlier, but Ming Yang’s gross profit margin rose to 18.8%
