Guangdong Mingyang Electric

Guangdong Mingyang Electric Co., Ltd. (301291.SZ) was founded in November 2015 and listed on ChiNext in June 2023, and is headquartered in Zhongshan, Guangdong. It develops, produces and sells power transmission-and-distribution and control equipment for new energy and new infrastructure, with principal products covering box-type substations, complete sets of switchgear and transformers. It is one of China's leading suppliers of electrical equipment for national energy and large construction projects and a leader in new-energy electrical equipment, has participated in drafting seven national standards, and has been recognised as a Guangdong provincial enterprise technology centre and a Guangdong energy-saving power-transformer engineering technology research centre. Revenue reached RMB 6.91 billion in 2025, up 7.2% year on year, with net profit of RMB 588 million; H1 2026 revenue was RMB 2.56 billion. Chairman Zhang Chuanwei; president Guo Xianqing.

• 012025 revenue of RMB 6.91 billion, up 7.2% year on year, with net profit of RMB 588 million.
• 02Participated in drafting seven national standards for electrical equipment.
• 03One of China's leading suppliers of electrical equipment for national energy and large construction projects.
• 04Chairman Zhang Chuanwei (张传卫); listed on ChiNext as 301291.SZ.

1. Jun 30, 2023

   IPO

   CNY 27.67 亿

   Source

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