BAODING, China, Aug. 28, 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 June 30, 2015, before the U.S. market opens on September 8, 2015.
Based upon preliminary data, the Company estimates that its PV module shipments in the second quarter of 2015 were in the range of 720-730MW, which was within the range announced in the previous guidance. The Company estimates its overall gross margin in the second quarter of 2015 was in the range of 6% to 7%, while the gross margin for the sale of PV module was in the range of 7% to 8%, as a result of a decline in the average selling price of PV modules and an increase in the manufacturing cost due to a lower-than-expected utilization rate of production capacity, more shipments to China market and the depreciation of Euro and Japanese Yen against Renminbi. The decrease in average selling price of PV modules and more shipments to China had a negative effect on the Company's total net revenues for the second quarter of 2015. The Company plans to disclose new full year shipment guidance for 2015 when it releases its unaudited financial results for the quarter ended June 30, 2015.
In order to help investor learn more about its unaudited financial results for the quarter ended June 30, 2015, the Company will hold a conference call and live webcast to discuss the results at 8:00 AM U.S. Eastern Daylight Time on September 8, 2015, 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: 14832918
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 September 15, 2015 by dialing:
U.S. Toll Free Number: +1-855-452-5696 International Dial-in Number: +1-646-254-3697 Passcode: 14832918
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 13 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: firstname.lastname@example.org
In the Americas:
Tori Clifford Director of Marketing Yingli Green Energy Americas Inc. Tel: +1 415 728 0472 Email: email@example.com
Carolin Stahler Marketing Communications Manager Europe Yingli Green Energy Europe GmbH Email: firstname.lastname@example.org
SOURCE Yingli Green Energy Holding Company Limited