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 Yinglis Q4 2015 data, which saw the company post substantial losses, culminating in a disastrous set of financials for the entire year.
However, despite the firms 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.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.