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BAODING, China, Feb. 16, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading solar panel manufacturers, today announced that, on February 9, 2017, the Company received notification from NYSE Regulation of being below the continued listing standards of the New York Stock Exchange ("NYSE"). The Company is considered below criteria established by the NYSE because the Company's average market capitalization has been less than US$50 million over a consecutive 30 trading-day period and its last reported shareholders' equity was less than US$50 million. In accordance with NYSE procedures, the Company has 90 days from the receipt of the notice to submit a plan to the NYSE demonstrating how it intends to regain compliance with the NYSE's continued listing standards within 18 months (the "plan period"). Yingli Green Energy intends to develop and submit such a business plan within the required time frame. The NYSE staff will then evaluate the plan to determine whether the Company has made a reasonable demonstration of an ability to come into conformity with the listing standard within 18 months. In the event the NYSE accepts the plan, the Company will be subject to quarterly monitoring for compliance with the plan and the Company's ADSs will continue to trade on the NYSE during the plan period, subject to the Company's compliance with other NYSE continued listing requirements. In the event the NYSE does not accept the plan, the Company will be subject to suspension by the NYSE and delisting procedures. In the event the Company is delisted, the stock may continue to be traded in the Over-The-Counter (or OTC) market. The Company's business operations, its U.S. Securities and Exchange Commission reporting requirements, credit agreements and all other contractual obligations, including sales and procurement contracts, are unaffected by the notice from NYSE. Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar," is one of the world's leading solar panel manufacturers. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar PV module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 17GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo. This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yingli Green Energy's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure the non-compliance with NYSE's continued listing criteria in a timely manner or at all. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. For further information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yingli-green-energy-receives-notice-from-nyse-of-falling-below-continued-listing-standards-300407798.html


News Article | February 15, 2017
Site: cleantechnica.com

China-based solar PV manufacturer Trina Solar can no longer call itself the world’s leading solar PV supplier, having been overtaken by Chinese competitor Jinko Solar, according to new figures by research and consulting firm GlobalData. A year ago, GlobalData confirmed that Chinese solar PV manufacturer Trina Solar had held onto its top spot as the world’s leading solar PV module producer in 2015, producing 4.55 gigawatts (GW) of crystalline modules, ahead of Canadian Solar and Jinko Solar. A year later and the tables have turned somewhat, with Jinko Solar shipping 6.6 to 6.7 GW of solar PV modules compared to Trina Solar’s 6.3 to 6.5 GW. Canadian Solar was relegated to third place, with shipments in the range of 5 to 5.1 GW. “JinkoSolar has witnessed impressive results over 2016, with the company’s PV modules securing China Quality Certification Center’s Top Runner Program level-one energy efficiency certification that showcases its technological strength,” explained Ankit Mathur, GlobalData’s Practice Head covering Power. Specifically, GlobalData highlighted “JinkoSolar’s efforts to expand across a large and geographically diversified customer base” as allowing “it to leverage its innovative, high-quality solar products, brand recognition and robust sales network to win several opportunities.” We saw repeated strong growth throughout 2016 from Jinko Solar, with an impressive start to the year and strong mid-year quarterly earnings allowing the company to revise its full-year shipping guidance in November. Trina Solar by no means had a bad year, but there were several lackluster results throughout the year which definitely impeded the company retaining its title as the world’s leading solar PV module supplier. The remaining solar PV manufacturers came in as follows: JA Solar in fourth place with 4.9 to 5 GW, Hanwha Q CELLS in fifth with 4.8 to 5 GW, GCL System Integration Technology at sixth with 4.6 to 5 GW, and First Solar stood in seventh place with 2.8-2.9 GW. However, most disappointing through 2016 was the performance of Yingli Solar, which only continued to slip further down the rankings. This was highlighted in December, when the company was forced to report a poor third quarter and lower 2016 shipping guidance. “Yingli, which was responsible for a shipment of around 2.1-2.2 GW in 2016, has not benefited from solar power’s growing popularity in the same way as its counterparts,” explained Mathur. “The company’s liquidity issues and debt repayments caused it to fall from seventh to eighth position in the global rankings. “The company witnessed a drop in net revenues from Q2 2016 to Q3 2016 primarily because the company’s external PV module shipments lowered along with the average selling price of its PV modules as a consequence of reduced demand in China in Q3 2016.” Buy a cool T-shirt or mug in the CleanTechnica store!   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.


News Article | February 21, 2017
Site: en.prnasia.com

BAODING, China and MADRID, Spain, Feb. 21, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Spain, S.L.U ("Yingli Spain") has signed a 50.6 MW solar panel supply agreement with X-ELIO, a leading Spanish developer and operator of utility-scale PV systems. The agreement is for two Japan solar power plants: the first one is called Hayato, which will install more than 52,650 pieces of YL320P-35b multi-crystalline solar panels and has a capacity of 16.9 MW; the second is called S-13, which will install more than 127,000 pieces of YL265P-29b multi-crystalline solar panels and has a capacity of 33.7 MW. The Hayato project is expected to generate 19,700 MWh of clean electricity per year and grid interconnection is expected in December 2017. The S-13 project is expected to generate 39,400 MWh of electricity per year and to be connected to the grid in October 2017. The electricity produced by two projects is equivalent to offsetting more than 30,100 tons of CO2 emissions per year. X-ELIO is the sole proprietor of these two projects. "This agreement is a solid provement of our strong partnership, in the long term with the key developers and operators, who rely on the quality and comprehensive service provided by Yingli. We aim to keep improving and enhance even further our collaboration with X-ELIO," said Mr. Fernando Calisalvo, the Managing Director of Yingli Spain. Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar", is one of the world's leading solar panel manufacturers. Yingli's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli has more than 30 regional subsidiaries and branch offices and has distributed more than 17GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo. X-ELIO (www.x-elio.com) is a company focused on the development, construction, operation and maintenance of solar plants, present in the USA, the Middle East, Japan, South Africa, Latin America, Australia, Southeast Asia, Italy and Spain. In 2015, revenue reached over 186 million Euros, with a total cumulative production exceeding 800 MW. X-ELIO currently runs the operation of 52 solar plants totaling 392 MW across 15 different countries. The group aims to be a leader in the renewable and sustainable energy global industry, with a strong commitment to reducing greenhouse gases emissions and fighting climate change. This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yingli Green Energy's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE or other stock exchange, including its ability to cure the non-compliance with NYSE's continued listing criteria in a timely manner or at all. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. For further information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yingli-to-supply-over-50-mw-of-solar-panels-for-2-solar-power-plants-in-japan-300410567.html


News Article | February 21, 2017
Site: www.prnewswire.com

BAODING, China and MADRID, Spain, Feb. 21, 2017 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that its wholly owned subsidiary, Yingli Green Energy Spain, S.L.U...


News Article | April 7, 2016
Site: www.rechargenews.com

Yingli Solar fails to reach deal on extension of $216m debt repayment Yingli, unable to repay 1.4bn yuan ($216.2m) of mid-term notes due on 12 May, has failed to convince its creditors to extend its repayment deadline, reigniting concerns about the future of the troubled PV module supplier.


News Article | October 31, 2016
Site: www.treehugger.com

When is the last time that a $5 gadget literally changed your life? OK, other than the banana slicer, that is... Most, if not all, of us have ready access to lighting anytime we need it, for as long as we need it, wherever we need it, thanks to a reliable electricity grid and lighting infrastructure in our homes and businesses, along with relatively affordable batteries and battery chargers for flashlights and other portable lighting solutions. But there are still millions of people on the planet for whom basic clean lighting is a luxury, with the only other alternatives being kerosene, candles, or fire, all of which come at a cost, both in terms of money and in air quality, and to whom a clean reliable way to light up a room can make all the difference. Solar lights can be that clean illumination source in the developing world, and we've seen a number of different designs being touted as the answer to some of the issues of energy poverty around the world, with a small solar panel and a battery and LED bulb supplying several years' worth of clean light. Designing for the off-grid developing world presents a lot of challenges, including the need for rugged and reliable construction that can stand up to the wear and tear of daily use in harsh environmental conditions, but one of the standard criteria is also to have an affordable price to the end user. It's one thing to build a solar light meant for weekend camping or emergency supplies, with all the bells and whistles included, and to sell it to people who can easily afford what the modern western market will bear, and another thing entirely to build a quality solar light meant to be used day in and day out, from durable materials, at a cost affordable to families who earn US$1.25 or less per day. Earlier this month, Yingli Europe, a subsidiary of Yingli Solar, announced that through a partnership with an international charity that combats poverty and climate change, SolarAid, it has developed "the world's most affordable quality solar light," which has an end cost to buyers in Africa of just $5. The SM100 retails for £10 in the UK, where sales of the solar light will help to underwrite the distribution of two more SM100 lights in Africa for each one sold in the UK. "When I first started at SolarAid 10 years ago the lights we sold in Africa were $25 each. Over the last 10 years prices have come down and now SolarAid is proud to be launching what we believe is the world's most affordable solar light on the market. Working with our social enterprise, SunnyMoney, in Africa we will be selling the SM100 to people in rural communities for just $5 each. We sincerely hope this step change in pricing will help us to eradicate the kerosene lamp for good." - Nik Sireau, CEO of SolarAid According to SolarAid, some 9,000 SM100 lights were distributed in Uganda, Malawi, and Zambia in August 2016, through the social enterprise arm of SolarAid, SunnyMoney, which sells the solar lights through school networks and local businesses. This first wave of SM100 lights will be a "sales trial" that will help the solar charity get feedback from customers in order to optimize and/or change the design for further production of the units. The SM100 solar light, which was developed specifically for SolarAid by Yingli Solar for off-grid families and school children, can provide more than 5 hours of bright light per day, and can be used on a stand or hung from the wall when in use. The lamp also includes slots for a strap, so that the light could be worn as a head lamp for hands-free tasks or used as a handheld light. What's the big deal about 5 hours of solar lighting each day? Well, when you factor in the reduced risk of eye ailments and respiratory illness from kerosene lamps (which lead to the deaths of some four million people each year), and then add in the extra income (and study time) from an extension of the hours of productivity, and the added community benefits of clean lighting, along with a number of other indirect benefits, it can end up being a key tool for reducing poverty. Learn more about how you can help fund solar lights for the developing world at SolarAid.


News Article | December 28, 2016
Site: en.prnasia.com

BAODING, China, Dec. 28, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Ltd. ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's leading solar panel manufacturers, today announced that its PANDA Bifacial module has received China General Certification Centre's ("CGC") Top Runner Program certification, which was the first Top Runner Program certification to module that can generate power by both the front and rear sides in China. The PANDA Bifacial module has been installed on a 50MW Top Runner project in Datong, Shanxi province. The PANDA Bifacial module is comprised of two layers of 2.5mm thick tempered glass, which replace the conventional back sheet and glass structure. Specifically, PANDA Bifacial module integrates technology from Yingli's state of the art PANDA n-type monocrystalline solar cells, which can generate power not only from the front side, but also from the rear side by leveraging reflected light in the environment. Therefore, the power yields of the PANDA Bifacial module can be increased by up to 30% compare to the situation when it only generates from the front side. The PANDA Bifacial module possesses strong durability and resistance to PID (Potential Induced Degradation) and is able to perform well under various harsh environments such as exposure to high temperature and humidity, salt mist and sand. With a maximum system voltage of 1500 Volts (V), PANDA Bifacial module can improve system performance and help to reduce the balance-of-system costs by up to 25%. "We are glad to receive the first Top Runner Program certification for bifacial PV products. Actually, the performance of our PANDA Bifacial module is beyond Top Runner Program's requirements, which resulted from our continued technology innovation," commented Dr. Dengyuan Song, Chief Technology Officer of Yingli. "Yingli will always committed to reducing the cost of solar power generation and making solar electricity affordable and accessible for all through continued technology innovation." Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli" or "Yingli Solar", is one of the world's leading solar panel manufacturers. Yingli's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Headquartered in Baoding, China, Yingli has more than 30 regional subsidiaries and branch offices and has distributed more than 17GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo. This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. For further information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yinglis-panda-bifacial-module-receives-cgcs-top-runner-program-certification-300383764.html


News Article | December 9, 2016
Site: cleantechnica.com

Struggling China-based solar PV manufacturer Yingli Green Energy has confirmed its own low expectations for its third quarter, reporting lackluster revenue and shipments, and an operating loss of $34 million. Unsurprisingly, the company also lowered its shipping guidance for the full year 2016. As I reported in late November, Yingli Green Energy, also known as Yingli Solar, was not predicting a particularly successful third quarter when it published its customary preliminary Q3 results. Yingli Solar reported back in August that it expected “to face various challenges” during the second half of 2016, “such as the downward trend of average selling price of PV module as a result of increasing competition in various markets and higher anti-dumping and countervailing duty tariff in US” [sic]. This has been an issue to affect many solar companies around the world, but Yingli Solar was particularly hard-hit as it relies heavily on China for its sales, and it was in China that the lull was most prominent. As such, investors and analysts alike were expecting lackluster third quarter results from the China-based manufacturer, and they got them in spades. Yingli Solar reported net revenues of RMB1,459.6 million ($218.9 million), compared to RMB2,524.1 million ($379.8 million) in the second quarter. Total module shipments were 365.3 megawatts (MW), compared to 662 MW in the second quarter. Gross profit was RMB80.3 million ($12.0 million), while gross margin was 5.5%, compared to RMB460.1 million ($69.2 million) and 18.2% respectively in the second quarter. Yingli Solar also reported an operating loss of RMB226.9 million ($34.0 million), compared to an operating income of RMB158.3 million ($23.8 million) the quarter previously. “Given the weakened demand in China after the feed-in-tariff adjustments and the oversupply of PV modules in the market, the Company tried to strike a balance between maintaining a healthy operating cash flow and shipment volume in the third quarter of 2016,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “While we shipped approximately 365 MW PV modules, we achieved a positive operating cash flow in the quarter.” “Based on current market conditions, the Company’s current operating conditions, estimated production capacity and forecasted customer demand, we expect our PV module shipments in the fourth quarter of 2016 would be in the range of 600 MW to 670 MW, and we revise our shipments guidance for full year of 2016 to 2.1 GW to 2.2 GW.” Buy a cool T-shirt or mug in the CleanTechnica store!   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.


News Article | December 8, 2016
Site: en.prnasia.com

BAODING, China, Dec. 8, 2016 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, known as "Yingli Solar," today announced its unaudited consolidated financial results for the quarter ended September 30, 2016. Third Quarter 2016 Consolidated Financial and Operating Summary "Given the weakened demand in China after the feed-in-tariff adjustments and the oversupply of PV modules in the market, the Company tried to strike a balance between maintaining a healthy operating cash flow and shipment volume in the third quarter of 2016. While we shipped approximately 365MW PV modules, we achieved a positive operating cash flow in the quarter," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "Geographically, China accounted for 56.4% of our total PV module shipments in this quarter. Internationally, demand for our PV modules in Japan remained stable and Japan accounted for 30.2% of our total PV module shipments in the quarter. We anticipate Japan will continue to be the most important international market for us in the fourth quarter of 2016 with continued demand for our PV modules." "The Company has maintained its commitments to research and developments, and through technological upgrade, the efficiency of our patented PANDA n-type monocrystalline solar cells, which could generate electricity on both sides, increased to approximately 21% in the quarter and we expect to increase the efficiency of p-type polycrystalline solar cells to approximately 19% early next year. We will endeavor to further reduce our manufacturing cost and increase the competitive of our PV products through continued technological upgrade and the optimization of our production facilities." "Following the feed-in-tariff adjustments, the Company adjusted its marketing strategy in China to deal with the weakened demand and declining price. The Company has given preference to orders with better payment terms in order to accelerate cash turnover, actively participated in the bidding of Top Runner program and other projects in China, and enhanced sales efforts for high efficiency modules with higher margin. Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, we expect our PV module shipments in the fourth quarter of 2016 would be in the range of 600MW to 670MW, and we revise our shipments guidance for full year of 2016 to 2.1GW to 2.2GW," Mr. Miao concluded. Total net revenues were RMB1,459.6 million (US$218.9 million), compared to RMB2,524.1 million in the second quarter of 2016 and RMB2,233.9 million in the third quarter of 2015. Total PV module shipments were 365.3MW, compared to 662.0MW in the second quarter of 2016 and 460.4MW in the third quarter of 2015. The decrease of total net revenues from the second quarter of 2016 to the third quarter of 2016 was mainly due to the decrease of external PV module shipments from 609.6MW to 365.3MW and the generally lower average selling price of the Company's PV modules primarily as a result of the decrease of demand in China in the third quarter of 2016. Gross profit was RMB80.3 million (US$12.0 million), compared to RMB460.1 million in the second quarter of 2016 and RMB357.2 million in the third quarter of 2015. Gross margin was 5.5% in the third quarter of 2016, compared to 18.2% in the second quarter of 2016 and 16.0% in the third quarter of 2015. Gross margin on sales of PV modules was 6.2% in the third quarter of 2016, compared to 18.1% in the second quarter of 2016 and 19.0% in the third quarter of 2015. The decrease in gross profit from the second quarter of 2016 to the third quarter of 2016 was mainly due to the decrease of external PV module shipments from 609.6MW to 365.3MW. The decrease in gross margin from the second quarter of 2016 to the third quarter of 2016 was primarily due to the increase in unit manufacturing cost as a result of a lower utilization rate of production facilities in the third quarter, inventory provision of RMB51.4 million, as well as the general lower average selling price of the Company's PV modules in the quarter. Operating expenses were RMB307.1 million (US$46.1 million), compared to RMB301.9 million in the second quarter of 2016 and RMB3,220.2 million in the third quarter of 2015. Operating loss was RMB226.9 million (US$34.0 million), compared to operating income of RMB158.3 million in the second quarter of 2016 and operating loss of RMB2,863.0 million in the third quarter of 2015. Operating margin was negative 15.5% in the third quarter of 2016, compared to 6.3% in the second quarter of 2016 and negative 128.2% in the third quarter of 2015. On a non-GAAP basis, earnings before interest, tax expenses, depreciation and amortization ("EBITDA") were RMB25.7 million (US$3.9 million), compared to RMB469.5 million in the second quarter of 2016 and negative RMB2,592.1 million in the third quarter of 2015. Interest expense was RMB159.7 million (US$24.0 million) in the third quarter of 2016, compared to RMB158.6 million in the second quarter of 2016 and RMB252.1 million in the third quarter of 2015. The Company's average interest rate was 5.35% in the third quarter of 2016, compared to 5.09% in the second quarter of 2016 and 6.42% in the third quarter of 2015. Foreign currency exchange gain was RMB27.6 million (US$4.1 million) in the third quarter of 2016, compared to RMB27.0 million in the second quarter of 2016 and RMB37.7 million in the third quarter of 2015. The foreign currency exchange gain in third quarter of 2016 was mainly because Japanese Yen and Euro appreciated against Renminbi in the third quarter of 2016 and the Company had a balance of net asset denominated in Japanese Yen and Euro, which was partially offset by the currency exchange loss caused by the depreciation of Renminbi against US dollar in the third quarter of 2016 because the Company had a balance of net liability denominated in US dollar. Income tax benefit was RMB13.4 million (US$2.0 million) in the third quarter of 2016, compared to income tax expense of RMB1.1 million in the second quarter of 2016 and income tax expense of RMB365.4 million in the third quarter of 2015. The income tax benefit recognized in the third quarter of 2016 was mainly due to the reversal of the income tax expense accrued by the Company's certain subsidiary in previous quarter, as a result of the actual loss being recognized in the third quarter of 2016. Net loss was RMB335.4 million (US$50.3 million) in the third quarter of 2016, compared to net income of RMB71.8 million in the second quarter of 2016 and net loss of RMB3,200.2 million in the third quarter of 2015. Net margin was negative 23.0% in the third quarter of 2016, compared to 2.8% in the second quarter of 2016 and negative 143.3% in the third quarter of 2015. Loss per ADS was RMB18.5 (US$2.8) in the third quarter of 2016, compared to earnings per ADS of RMB4.0 in the second quarter of 2016 and loss per ADS of RMB176.1 in the third quarter of 2015. As of September 30, 2016, the Company had RMB672.2 million (US$100.8 million) in cash and cash equivalents, increased from RMB596.5 million as of June 30, 2016. As of September 30, 2016, the Company had RMB293.8 million (US$44.1 million) in restricted cash, increased from RMB258.1 million as of June 30, 2016. As of September 30, 2016, the Company's accounts receivable had decreased to RMB2,697.2 million (US$404.5 million) from RMB3,073.2 million as of June 30, 2016. Days sales outstanding were 166 days in the third quarter of 2016, increased from 110 days in the second quarter of 2016 as a result of the significant decrease of total net revenues in the third quarter while the average accounts receivable for the third quarter mainly related to significantly higher sales from previous quarters. As of September 30, 2016, the Company's accounts payable was RMB 2,862.1 million (US$429.2 million), compared to RMB 3,111.9 million as of June 30, 2016. Days payable outstanding were 187 days in the third quarter of 2016, compared to 136 days in the second quarter of 2016. As of September 30, 2016, the Company's inventory was RMB1,657.5 million (US$248.6 million), compared to RMB1,530.2 million as of June 30, 2016, which was mainly due to the decrease of external PV module shipments from 609.6MW to 365.3MW and was partially offset by the inventory provision of RMB51.4 million. Inventory turnover days were 108 days in the third quarter of 2016, compared to 67 days in the second quarter of 2016. As of the date of this press release, the Company and its subsidiaries had approximately RMB1,800 million in unutilized short-term lines of credit and approximately RMB1,589 million in committed long-term facilities. The Company and its subsidiaries are exploring financing options to continue to manage the Company and its subsidiaries' liquidity and to enhance their financial flexibility. As of the date of this press release, the Company's subsidiaries had medium-term notes, or MTNs, of RMB2,057.0 million outstanding, including RMB357.0 million of the MTNs issued in 2010 (the "2010 MTNs"), which became due on October 13, 2015; RMB1.4 billion of the MTNs issued in 2011 (the "2011 MTNs"), which became due on May 12, 2016; and RMB300.0 million of the MTNs issued in 2012 (the "2012 MTNs"), which will become due on May 3, 2017. The Company has continued its negotiation with the holders of the 2010 MTNs and 2011 MTNs about revisions to the repayment schedules of the MTNs. As of the date of this press release, the Company has not reached any agreement with the holders of the MTNs or any other party with respect to any concrete financing plan or plan for repayment of the MTNs yet. Based on current market conditions, the Company's current operating conditions, estimated production capacity and forecasted customer demand, the Company expects its PV module shipments to be in the estimated range of 600MW to 670MW for the quarter ending December 31, 2016 and 2.1GW to 2.2GW for the fiscal year of 2016. To supplement the financial measures calculated in accordance with GAAP, this press release may include certain non-GAAP financial measures of adjusted gross profit, adjusted gross margin, adjusted operating expenses, adjusted operating profit or loss, adjusted operating margin, adjusted net income (loss), adjusted diluted earnings (loss) per ordinary share and per ADS and EBITDA, each of which (other than EBITDA) is adjusted to exclude, as applicable, items related to share-based compensation, interest expense related to the changes in the fair value of the interest-rate swap and the amortization of the debt discount, the amortization of intangible assets, inventory provision, impairment charge on long-lived assets, gain on disposal of long lived assets and land use rights, provision for prepayments in relation to inventory purchase commitments, and provision for reserve for inventory purchase commitments. EBITDA excludes interest, tax expenses, depreciation and amortization. The Company believes excluding these items from its non-GAAP financial measures is useful for its management and investors to assess and analyze the Company's on-going performance as such items are not directly attributable to the underlying performance of the Company's business operations and/or do not impact its cash earnings. The Company also believes these non-GAAP financial measures are important to help investors understand the Company's current financial performance and future prospects and compare business trends among different reporting periods on a consistent basis. These non-GAAP financial measures should be considered in addition to financial measures presented in accordance with GAAP, but should not be considered as a substitute for, or superior to, financial measures presented in accordance with GAAP. For a reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure, please see the financial information included elsewhere in this press release. Solely for the convenience of readers, certain Renminbi amounts have been translated into U.S. dollar amounts at the rate of RMB6.6685 to US$1.00, the noon buying rate in New York for cable transfers of Renminbi per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board as of September 30, 2016. No representation is intended to imply that these translated Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollar amounts at such rate, or at any other rate. The percentages stated in this press release are calculated based on Renminbi amounts. Yingli Green Energy will host a conference call and live webcast to discuss the results at 8:00 AM Eastern Standard Time on December 8, 2016, which corresponds to 9:00 PM Beijing/Hong Kong time on the same day. The dial-in details for the live conference call are as follows: A live and archived webcast of the conference call will be available on the Investors section of Yingli Green Energy's website at www.yinglisolar.com. A replay will be available shortly after the call on Yingli Green Energy's website for 90 days. A replay of the conference call will be available until December 16, 2016 by dialing: Yingli Green Energy Holding Company Limited (NYSE: YGE), known as "Yingli Solar" or "Yingli", is one of the world's leading photovoltaic (PV) module manufacturers. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and PV module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 17 GW solar panels to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo. This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. For further information, please contact: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/yingli-green-energy-reports-third-quarter-2016-results-300375214.html


This report studies sales (consumption) of Global PV Module Market, especially in United States, China, Europe, Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Canadian Solar First Solar Jinko Solar Sharp Suntech Power Holdings Trina Solar Yingli Solar ... Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of PV Module in these regions, from 2011 to 2021 (forecast), like United States China Europe Japan Split by product Types, with sales, revenue, price and gross margin, market share and growth rate of each type, can be divided into Monocrystalline Silicon Polysilicon Thin-film Others Split by applications, this report focuses on sales, market share and growth rate of PV Module in each application, can be divided into Commercial Residential Industrial Others Global PV Module Sales Market Report 2016 1 PV Module Overview 1.1 Product Overview and Scope of PV Module 1.2 Classification of PV Module 1.2.1 Monocrystalline Silicon 1.2.2 Polysilicon 1.2.3 Thin-film 1.2.4 Others 1.3 Application of PV Module 1.3.1 Commercial 1.3.2 Residential 1.3.3 Industrial 1.3.4 Others 1.4 PV Module Market by Regions 1.4.1 United States Status and Prospect (2011-2021) 1.4.2 China Status and Prospect (2011-2021) 1.4.3 Europe Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.5 Global Market Size (Value and Volume) of PV Module (2011-2021) 1.5.1 Global PV Module Sales and Growth Rate (2011-2021) 1.5.2 Global PV Module Revenue and Growth Rate (2011-2021) 7 Global PV Module Manufacturers Analysis 7.1 Canadian Solar 7.1.1 Company Basic Information, Manufacturing Base and Competitors 7.1.2 PV Module Product Type, Application and Specification 7.1.2.1 Type I 7.1.2.2 Type II 7.1.3 Canadian Solar PV Module Sales, Revenue, Price and Gross Margin (2011-2016) 7.1.4 Main Business/Business Overview 7.2 First Solar 7.2.1 Company Basic Information, Manufacturing Base and Competitors 7.2.2 102 Product Type, Application and Specification 7.2.2.1 Type I 7.2.2.2 Type II 7.2.3 First Solar PV Module Sales, Revenue, Price and Gross Margin (2011-2016) 7.2.4 Main Business/Business Overview 7.3 Jinko Solar 7.3.1 Company Basic Information, Manufacturing Base and Competitors 7.3.2 127 Product Type, Application and Specification 7.3.2.1 Type I 7.3.2.2 Type II 7.3.3 Jinko Solar PV Module Sales, Revenue, Price and Gross Margin (2011-2016) 7.3.4 Main Business/Business Overview 7.4 Sharp 7.4.1 Company Basic Information, Manufacturing Base and Competitors 7.4.2 Oct Product Type, Application and Specification 7.4.2.1 Type I 7.4.2.2 Type II 7.4.3 Sharp PV Module Sales, Revenue, Price and Gross Margin (2011-2016) 7.4.4 Main Business/Business Overview 7.5 Suntech Power Holdings 7.5.1 Company Basic Information, Manufacturing Base and Competitors 7.5.2 Product Type, Application and Specification 7.5.2.1 Type I 7.5.2.2 Type II 7.5.3 Suntech Power Holdings PV Module Sales, Revenue, Price and Gross Margin (2011-2016) 7.5.4 Main Business/Business Overview 7.6 Trina Solar 7.6.1 Company Basic Information, Manufacturing Base and Competitors 7.6.2 Million USD Product Type, Application and Specification 7.6.2.1 Type I 7.6.2.2 Type II 7.6.3 Trina Solar PV Module Sales, Revenue, Price and Gross Margin (2011-2016) 7.6.4 Main Business/Business Overview 7.7 Yingli Solar 7.7.1 Company Basic Information, Manufacturing Base and Competitors 7.7.2 Energy Product Type, Application and Specification 7.7.2.1 Type I 7.7.2.2 Type II 7.7.3 Yingli Solar PV Module Sales, Revenue, Price and Gross Margin (2011-2016) 7.7.4 Main Business/Business Overview ... Global QYResearch (http://globalqyresearch.com/ ) is the one spot destination for all your research needs. Global QYResearch holds the repository of quality research reports from numerous publishers across the globe. Our inventory of research reports caters to various industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. With the complete information about the publishers and the industries they cater to for developing market research reports, we help our clients in making purchase decision by understanding their requirements and suggesting best possible collection matching their needs.

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