MYSE(SH:601615) Zhong Guo Ji Jin Bao·2025-10-12 10:46Core Viewpoint - Mingyang Smart Energy plans to invest £1.5 billion (approximately ¥142.1 billion) to establish the UK's first integrated wind turbine manufacturing base in Scotland, marking its first overseas investment exceeding ¥10 billion since its listing in 2019 [2][5]. Investment Details - The investment will be executed in three phases: 1. The first phase involves constructing advanced manufacturing facilities for wind turbine nacelles and blades, with the first batch expected to be operational by the end of 2028 [5]. 2. The second phase will expand production lines to accelerate the scale production of floating wind technology in the UK [5]. 3. The third phase will further extend to the production of control systems, electronic devices, and other key components [5]. Strategic Importance - This investment aims to introduce the company's offshore wind technology to the North Sea region, facilitating the commercialization of floating wind technology, which supports the UK's clean energy transition goals and aligns with global carbon neutrality trends [7][8]. - The project is expected to establish a complete production and service system in the UK, enhancing the company's position in global offshore wind technology standards and industry upgrades [8]. Market Context - The global energy transition and renewable energy development context is driving Chinese wind power companies to pursue international strategies, including establishing overseas production bases and collaborating with international partners [9]. - Major energy-consuming regions, particularly in developed countries, are implementing new plans to increase renewable energy projects, simplifying approval processes, and providing various subsidies, creating new growth opportunities for the wind energy sector [9]. Financial Performance - In the first half of 2025, the company reported a 45.33% year-on-year increase in revenue to ¥171.43 billion, while net profit attributable to shareholders decreased by 7.68% to ¥6.10 billion [10][11].