MingYang launched the world's first Model-SCD3MW draught fan in May 2010.[File photo provided by MingYang]

The Zhongshan-based MingYang Smart Energy Group Limited listed on the main board of the Shanghai Stock Exchange on January 23.

"Taking advantage of its new listing, the company will speed up strategic transformation in order to promote energy reforms with innovative technologies and new business models. Our group will serve in this new era with green and clean energy," said Zhang Chuanwei, president of the company.

Public information indicates that MingYang aims to sell 276 million shares at an issuing price of 4.75 yuan, accounting for 20% of its equity. The closing of its first day on the market saw the company's stock price surged by 44% to reach 6.84 yuan per share.

Currently, Zhongshan has over 2,400 high-tech companies and more than 100 public or NEEQ-listed firms.