MYSE(SH:601615) Xin Lang Cai Jing·2025-12-24 14:15Core Viewpoint - The establishment of Jia Shun Da Ming International Logistics (Shanghai) Co., Ltd. is seen as a strategic move by Mingyang Smart Energy to enhance its global supply chain and strengthen its logistics autonomy for overseas projects, particularly in a volatile international trade environment [4][8]. Company Information - Jia Shun Da Ming International Logistics (Shanghai) Co., Ltd. was recently founded with a registered capital of 10 million RMB, and its legal representative is Lu Longxiang [1][5]. - The company operates in the multi-modal transport and logistics sector, with a business scope that includes international freight forwarding, customs declaration, engineering cost consulting, and construction project services [1][5][6]. Ownership Structure - The new company is jointly owned by Mingyang Smart Energy (601615) and Jia Shun Da Investment Co., Ltd. [3][7]. Industry Context - Mingyang Smart Energy, founded in 2006 and listed on the Shanghai Stock Exchange in 2019, specializes in high-end equipment for renewable energy, including wind, solar, and hydrogen sectors. It ranks among the top 500 companies in China and globally in the renewable energy sector [3][7]. - The company has a significant presence in the offshore wind power market, holding the top position in innovation and ranking among the top three in market share globally [3][7]. Financial Performance - In the first three quarters of 2025, Mingyang Smart Energy reported a revenue of 26.3 billion RMB, a 30% increase year-on-year, driven by a 60% increase in wind turbine sales, totaling 12.28 GW [4][8]. - The company's profitability has improved, with a decrease in expense ratios and significant enhancements in gross and net profit margins compared to 2024 [4][8].