Core Viewpoint - Mingyang Smart Energy (601615.SZ) reported a revenue of 26.304 billion yuan for the first three quarters of 2023, reflecting a year-on-year growth of 29.98%, while net profit attributable to shareholders decreased by 5.29% to 766 million yuan [1] Financial Performance - Revenue for the first three quarters reached 26.304 billion yuan, up 29.98% year-on-year [1][3] - Net profit attributable to shareholders was 766 million yuan, down 5.29% compared to the previous year [1][3] - Net profit excluding non-recurring gains and losses was 580 million yuan, a decrease of 14.47% year-on-year [1][3] - The net cash flow from operating activities was -4.926 billion yuan [1][3] Historical Context - Mingyang Smart Energy was listed on the Shanghai Stock Exchange on January 23, 2019, with an initial offering price of 4.75 yuan per share [5] - The company has raised a total of 1.081 billion yuan through four rounds of fundraising since its listing [9]