BAODING, China, Aug. 8, 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 second quarter ended June 30, 2016, before the U.S.
market opens on Tuesday, August 23, 2016.
Based upon preliminary data, the Company expects to maintain a
positive momentum into the second quarter of 2016, with an
estimated net profit margin of 2.5% to 3.5% for the second quarter
of 2016. The Company estimates that PV module shipments (including shipments to the Company's own
downstream PV projects) in the second quarter of 2016
were in the range of 630MW to 660MW, exceeding its previous
guidance of 580MW to 620MW. The Company estimates that its overall
gross margin for the second quarter of 2016 was in the range of
17%-19%, slightly decreased from the first quarter of 2016, which
was mainly due to the lower average selling price of the Company's
PV modules in the second quarter of 2016 compared to the first
quarter of 2016 primarily as a result of higher proportion of
shipments to China in the second
quarter of 2016, where the selling price of PV modules generally is
lower than that in other markets.
These preliminary second quarter results are based on the
Company's management's preliminary review of operations for the
second quarter of 2016 and remain subject to change based on the
management's ongoing review of the second quarter results.
In order to help investor learn more about its unaudited
financial results for the second 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 August 23, 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:
|
60248726
|
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
August 31, 2016 by dialing:
U.S. Toll Free
Number:
|
+1-855-452-5696
|
International Dial-in
Number:
|
+1-646-254-3697
|
Passcode:
|
60248726
|
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:
Eric Pan
Investor Relations
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