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Yingli issues preliminary Q3 guidance

Yingli Green Energy Holding Company Limited has issued preliminary Q3 2012 earnings results. Overall, it expects photovoltaic module shipments to decrease and a negative gross margin.

It is believed Yingli was hoping to ship 500 MW of photovoltaic modules in Q3.

Yingli Solar

Yingli anticipates that module shipments will decrease by around 17% from Q2 to Q3. While the company declined to provide any figures, analysts predict the Chinese photovoltaic manufacturer was expecting to ship around 500 MW.

It further expects to see non-cash charges and depreciation relating to inventory and underutilized capacity, respectively.

Overall, Yingli forecasts a  Q3 gross margin of between -22 and -24%, on the back of an expected reversal of the U.S.’s preliminary countervailing and anti-dumping duties provision.

"Excluding the impact of the non-cash charges and the reversal of duties provision mentioned above, the Company expects its gross margin of PV modules in the third quarter of 2012 to be in the range of 0% to 1%," it added.

Yingli will release its Q3 financial figures on November 28.