Yingli ups PV shipment guidance by 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.