Ming Yang Wind has announced its unaudited financial results for the first quarter ended March 31, 2015. For the quarter ended March 31, 2015, total wind turbine generators (WTGs) for which revenue was recognized amounted to an equivalent wind power project output of 406MW, or 100 units of 1.5MW WTGs and 128 units of 2.0MW WTGs.
Total revenue was RMB1,334.9 million ( US$ 215.3 million) compared to RMB1,224.0 million in the first quarter of 2014. Gross profit was RMB189.1 million ( US$ 30.5 million), compared to RMB192.0 million in the first quarter of 2014. Total comprehensive income was RMB43.0 million ( US$ 6.9 million), compared to total comprehensive income of RMB185.8 million in the first quarter of 2014. During the first quarter of 2015, Ming Yang entered into sales contracts for wind power projects with a total output of 264 MW, representing 66 units of 1.5MW WTGs, 81 units of 2.0MW WTGs and 1 unit of SCD 3.0MW WTG. As of March 31, 2015, the Company's order backlog was approximately 3.55GW, representing 1,005 units of 1.5MW WTGs, 930 units of 2.0MW WTGs, 60 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG.
