Mingyang Smart intends to acquire assets: work related to transaction auditing, evaluation, and other processes are underway.

2026-02-24 18:51:20

Radar Finance | Written by Yang Yang | Edited by Li Yihui

On February 23, Mingyang Smart Energy (601615) announced that the company is planning to acquire 100% equity of Zhongshan Dewah Chip Technology Co., Ltd. through issuing shares and paying cash, along with raising supporting funds and related-party transactions. This transaction constitutes a related-party transaction and is not expected to constitute a major asset restructuring. The company’s stock has been suspended from trading since January 13, 2026, for no more than 10 trading days. On January 22, 2026, the company held a board meeting to approve the relevant proposal, and it resumed trading on January 23. After receiving an inquiry letter from the Shanghai Stock Exchange, the company has responded and revised and supplemented the plan disclosures.

Currently, the company is actively communicating with all parties involved to advance the transaction plan, including related asset audits and evaluations. Several approval procedures are still required for this transaction, and its final implementation remains uncertain.

According to Tianyancha, Mingyang Smart Energy was established on June 2, 2006, with a registered capital of 22,614,967,060 RMB. The legal representative is Zhang Chuanwei, and the registered address is No. 22, Torch Road, Torch Development Zone, Zhongshan City, Guangdong Province. Its main business includes high-end new energy equipment manufacturing, new energy power station investment and operation, and intelligent management services.

Currently, the company’s chairman is Zhang Chuanwei, the secretary of the board is Wang Chengkui, with 13,947 employees. The actual controllers are Wu Ling, Zhang Chuanwei, and Zhang Rui.

The company has stakes in 387 subsidiaries, including Tongliao Wisdom Energy Research Co., Ltd., Yangjiang Mingyang New Energy Technology Co., Ltd., Yangxi County Mingyang New Energy Power Co., Ltd., Jilin Mingyang Wisdom Energy Co., Ltd., and Daqing Mingyang Wisdom Energy Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 30.748 billion RMB, 27.859 billion RMB, and 27.158 billion RMB, respectively, with year-over-year growth of 12.98%, -9.39%, and -3.43%. Net profit attributable to shareholders was 3.455 billion RMB, 372 million RMB, and 346 million RMB, with year-over-year growth of 9.40%, -89.19%, and -8.12%. During the same period, the company’s asset-liability ratio was 58.86%, 66.07%, and 68.59%.

Regarding risks, Tianyancha data shows the company has 433 internal Tianyan risks, 418 surrounding risks, 449 historical risks, and 683 early warning risks.

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