BAODING, China, June 6, 2016 /PRNewswire/ -- Yingli Green Energy
Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the
"Company"), one of the world's leading solar panel manufacturers,
known as "Yingli Solar," today
announced that it plans to release its unaudited financial results
for the first quarter ended March 31, 2016, before the U.S.
market opens on Tuesday, June 14, 2016.
Based upon preliminary data, the Company estimates that its net
income for the first quarter of 2016 turned into positive for the
first time since the third quarter of 2011, with an estimated net
margin of 2.5% to 4.5%. The Company estimates that its PV module
shipments in the first quarter of 2016 were in the range of
500-510MW, which were at the high end of its previous guidance of
480 MW to 510 MW. The Company also estimates that its overall gross
margin in the first quarter of 2016 was in the range of 18.5% to
20.5%, representing a significant increase from the fourth quarter
of 2015, which was primarily due to the higher average selling
price of the Company's PV modules compared to the fourth quarter of
2015 mainly as a result of higher proportion of shipments to
Japan, where the selling price of
PV module generally is higher than that in other markets.
These preliminary first quarter results are based on the
Company's management's preliminary review of operations for the
first quarter of 2016 and remain subject to change based on the
management's ongoing review of the first quarter results.
In order to help investor learn more about its unaudited
financial results for the first quarter of 2016, the Company will
hold a conference call and live webcast to discuss the results
at 8:00 AM Eastern Daylight Time on June 14, 2016, which corresponds to 8:00 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: 23897615
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
June 22, 2016 by dialing:
U.S. Toll Free Number: +1-855-452-5696
International Dial-in Number: +1-646-254-3697
Passcode: 23897615
About Yingli Solar
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli" or "Yingli Solar", is
one of the world's leading solar panel manufacturers. Yingli'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 has more than 30 regional
subsidiaries and branch offices and has distributed more than 15GW
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'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. Further information
regarding these and other risks, uncertainties or factors is
included in Yingli's filings with the U.S. Securities and Exchange
Commission. Yingli 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:
Jean Tian
Investor Relations Director
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
Email: ir@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited