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yeong guan energy group co (1589) Details

Yeong Guan Energy Technology Group Co., Ltd. manufactures and sells spheroidal graphite cast iron and alloy gray cast iron products in China and internationally. It is involved in the provision of machine-board and its parts, wind power components, precision machine tool parts, hydraulic machine parts, and knitting machine parts castings; and scrap processing and production of automotive molds, auto parts, precision machine tools and large air compressor parts, and high-strength alloy cast iron and ductile iron pieces; and production of wind turbine cast iron pieces and welding pieces. The company also provides welded structural parts, such as wind power generators, oil platforms, tooling machines, punching machines, injection molding machines, printing machines, foam machine frames and large gear boxes, electric furnace shells, transport chassis products, castings and boxes, and other products; and wind turbine castings, air compressor castings, and industrial machinery castings. In addition, it engages in the provision of precision casting blanks for automobiles, and machinery and hardware components; design, processing, and sale of products for casting, lifting equipment, and steel structures; scrap recycling, sorting, and packaging; and import, wholesale, and export activities. The company was founded in 1971 and is headquartered in Ningbo, China.

Founded in 1971

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yeong guan energy group co
Yeong Guan Energy Technology Group Co., Ltd. Proposes Amendment to the Memorandum and Articles of Association of the Company

Yeong Guan Energy Technology Group Co., Ltd. proposed to amend the Memorandum and Articles of Association of the company, at the Annual General Meeting to be held on June 5, 2018.

Yeong Guan Energy Technology Group Co., Ltd., Annual General Meeting, Jun 05, 2018

Yeong Guan Energy Technology Group Co., Ltd., Annual General Meeting, Jun 05, 2018, at 09:00 Taipei Standard Time. Location: No.777, Daguan Rd., Dayuan Dist. Taoyuan Taiwan Agenda: To consider business report for Fiscal Year 2017; to consider ratification of the business report and consolidated financial statements for fiscal year 2017; to consider ratification of the proposal for distribution of profits for fiscal year 2017; to consider proposal to amend the memorandum and articles of association of the company; to consider proposal for the election of one Director; to consider the proposal for release the new elected Director from non-competition; and to consider the proposal for distribution of profits for fiscal year 2017.

Siemens Gamesa Signs Memorandum of Understanding with Yeong Guan Energy Technology Group to Support Offshore Wind Industry in Taiwan

Siemens Gamesa Renewable Energy intensifies its activities in the preparation for the offshore business in Taiwan. After a first agreement with Taiwan International Ports Corporation (TIPC) in December, the wind turbine manufacturer has now signed a further Memorandum of Understanding with Yeong Guan Energy Technology Group to collaborate on the development of an offshore wind supply chain in Taiwan. Under the terms of the non-binding MoU, Yeong Guan Energy Technology Group will be investigating the establishment of a foundry, machining and painting facilities at the Taichung Harbor in Taiwan. Siemens Gamesa, drawing on its experience as a leading turbine manufacturer, will provide advice and support with regards to compliance to offshore wind quality and HSE standards, as well as for YGG to become a competitive supplier for offshore wind in Asia Pacific (APAC).

 

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Valuation 1589 Industry Range
Price/Earnings 39.6x
Price/Sales 1.0x
Price/Book 0.7x
Price/Cash Flow 37.5x
TEV/Sales NM Not Meaningful
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