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.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
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!