Yingli expects Q1 profit: preliminary report

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Yingli Green Energy , the Chinese solar manufacturer, will post a profit for the first time since Q3 2011 when it releases its Q1 2016 financials on June 14, the company has said.

The delayed Q1 data will see the beleaguered firm publish an estimated net margin of between 2.5% and 4.5%, with module shipments edging towards the top end of its 480 MW to 510 MW guidance.

Gross margin for the quarter is expected to settle somewhere in the range of 18.5% to 20.5%, which is significant increase on Yingli’s Q4 2015 data, which saw the company post substantial losses, culminating in a disastrous set of financials for the entire year.

However, despite the firm’s sizable debt, the steps it has taken to pay back outstanding notes – and secure low-interest loans to help it manage its cash flow – appear to have had the desired effect: the preliminary data published today is bullish, predicated on higher average selling prices (ASPs) for modules, and a higher proportion of sales in the higher-cost solar market of Japan.

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