BAODING, China, Nov. 25, 2015 /PRNewswire/ -- Yingli Green Energy
Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's
leading solar panel manufacturers, today announced that it plans to
release its unaudited financial results for the quarter
ended September 30, 2015, before the U.S. market opens on
December 2, 2015.
Based upon preliminary data, the Company expects that its total
net revenues in the third quarter of 2015 were in the range of
US$340 million to US$350 million, in
line with the management's previous estimation. In addition, the
Company estimates that its overall gross margin in the third
quarter of 2015 was in the range of 8% to 9%, increased from 6.3%
in the second quarter, as a result of increase in average selling
price and decrease in unit cost of PV modules. Meanwhile, the
Company estimates that its PV module shipments (excluding OEM
production for third parties) in the third quarter of 2015 were in
the range of 450MW to 460 MW, compared to its previous guidance of
550MW to 580MW. The lower-than-expected shipments were due to a
lower-than-expected utilization of production facilities for
in-house PV module.
Further to the Company's announcement on September 8, 2015, the Company expects to
recognize a non-cash impairment charge on long lived assets
totaling RMB3,694.2 million
(US$581.3 million) in the third
quarter of 2015, which was mainly due to the lower-than-expected
utilization of certain production facilities of the Company
in 2015.
These preliminary, unaudited third quarter results are based on
management's preliminary review of operations for the third quarter
of 2015 and remain subject to change based on management's ongoing
review of the third quarter results.
In order to help investor learn more about its unaudited
financial results for third quarter 2015, the Company will hold a
conference call and live webcast to discuss the results
at 8:00 AM U.S. Eastern Time on December 2, 2015,
which corresponds to 9:00 PM Beijing/Hong Kong time on
the same day.
The dial-in details for the live conference call are as
follows:
U.S. Toll Free
Number:
|
+1-866-519-4004
|
International Dial-in
Number:
|
+1-845-675-0437
|
Passcode:
|
83679371
|
A live and archived webcast of the conference call will be
available on the Investors section of Yingli Green
Energy's website at www.yinglisolar.com. A replay will be
available shortly after the call on Yingli Green
Energy's website for 90 days.
A replay of the conference call will be available
until December 10, 2015 by dialing:
U.S. Toll Free
Number:
|
+1-855-452-5696
|
International Dial-in
Number:
|
+1-646-254-3697
|
Passcode:
|
83679371
|
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli Solar," is one of the
world's leading solar panel manufacturers. Yingli Green Energy's
manufacturing covers the photovoltaic value chain from ingot
casting and wafering through solar cell production and solar panel
assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30
regional subsidiaries and branch offices and has distributed more
than 14 GW solar panels to customers worldwide. For more
information, please visit www.yinglisolar.com and join the
conversation on Facebook, Twitter and
Weibo.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target" and
similar statements. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond Yingli Green Energy's control.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results to differ materially from
those contained in any such statements. Potential risks and
uncertainties include, but are not limited to, uncertainties as to
Yingli Green Energy's ability to meet the standards necessary to
maintain listing of its ADSs on the NYSE or other stock exchange,
including its ability to cure any non-compliance with NYSE's
continued listing criteria. Further information regarding these and
other risks, uncertainties or factors is included in Yingli Green
Energy's filings with the U.S. Securities and Exchange Commission.
Yingli Green Energy does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For further information, please contact:
Qing Miao
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited