Yingli ups PV shipment guidance by 40%22. February 2013 | Industry & Suppliers, Markets & Trends | By: Vera von Kreutzbruck
Yingli Green Energy Holding Company Limited has issued preliminary Q4 and full year 2012 financial results. It anticipates that photovoltaic module shipments will sequentially increase by around 40%.
The vertically integrated Chinese manufacturer expects to reach approximately 2.3 GW of photovoltaic module shipments in 2012 – a significantly higher figure than the previous guidance of 2.1 to 2.2 GW. From Q3 to Q4, it expects shipments to increase by around 40%.
Despite this, the company estimates an 8 to 8.5% gross margin loss for the Q4, due to non-cash charges and depreciation expenses resulting from underutilized capacity and an inventory provision.
Looking ahead, no shipment forecast has been published for 2013. Yingli currently has a production capacity of 2.45 GW per year. It will release its Q4 and full year 2012 financial figures on March 4.
Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter
- 4818 views
- 3088 views
- 2976 views
- 2829 views
- 2610 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!