To announce third quarter 2016 financial results on December 8, 2016
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading solar panel manufacturers, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2016, before the U.S. market opens on Thursday, December 8, 2016.
Based upon preliminary data, the Company estimates that its PV module shipments in the third quarter of 2016 were in the range of 360MW to 370MW, which was within the range announced in the previous guidance. The Company estimates its overall gross margin in the third quarter of 2016 was in the range of 5% to 6%, while the gross margin from the sale of PV modules was in the range of 6% to 7%, which was lower than previous guidance mainly as a result of an inventory provision that is expected to be recorded in the third quarter and an increase in the unit manufacturing cost due to a lower utilization rate of production capacity.
These preliminary, unaudited third quarter results are based on management's preliminary review of operations for the third quarter of 2016 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 2016, the Company will hold a corresponding conference call and live webcast to discuss the results at 8:00 AM Eastern Standard Time on December 8, 2016, 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
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 16, 2016 by dialing:
U.S. Toll Free Number: +1-855-452-5696
International Dial-in Number: +1-646-254-3697
About Yingli Green Energy
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 17GW 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:
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
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SOURCE Yingli Green Energy Holding Company Limited