Post-Earnings Briefing - Yingli Green Energy

LONDON, December 18, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings briefing on Yingli Green Energy Holding Co. Ltd (NYSE: YGE). On November 25, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on Yingli Green Energy Holding Co. Ltd (Yingli Green Energy). Chairman and CEO of Yingli Green Energy, Mr. Liansheng Miao expressed satisfaction as the Company reported another set of solid results in Q3 FY14 with a gross margin of 20.9%, well ahead of the company's previous guidance, and a strong PV (photovoltaic) module shipment of 903 MW. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, Yingli Green Energy's total net revenues fell by RMB 264.2 million to RMB 3,385.2 million ($551.5 million) from RMB 3,649.4 million reported in Q3 FY13. The company's Q3 FY14 net revenues trailed Bloomberg analysts' forecasts of $645.4 million. Yingli Green Energy's net revenues from sales of PV modules decreased to RMB 3,180.8 million ($518.2 million) from RMB 3,214.2 million in Q3 FY13. Further, the company's net revenues from sales of PV systems fell significantly to RMB 26.0 million ($4.2 million) from RMB 265.1 million in Q3 FY13. On the other hand, Yingli Green Energy's other net revenues grew to RMB 178.4 million ($29.1 million) in Q3 FY14 from RMB 170.1 million in Q3 FY13. The free research on YGE can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Yingli%20Green%20Energy%20Holding&d=18-Dec-2014&s=YGE

The company's total operating expenses during the reported quarter decreased to RMB 506.4 million ($82.5 million) from RMB 569.1 million in Q3 FY13. During Q3 FY14, Yingli Green Energy reported income from operations of RMB 199.7 million ($32.5 million) compared to loss from operations of RMB 70.3 million in Q3 FY13. The company's operating margin for Q3 FY14 improved to 5.9% from negative 1.9% in Q3 FY13. The company's net loss for Q3 FY14 decreased to RMB 138.1 million ($22.5 million) from RMB 277.3 million in Q3 FY13. In the reported quarter, net lossattributable to Yingli Green Energy narrowed to RMB 122.8 million ($20.0 million) from a net loss attributable to the Company of RMB 235.6 million in Q3 FY13. Loss per basic and diluted share and per American depositary share (ADS) declined to RMB 0.68 ($0.11), from a loss of RMB 1.50 per basic and diluted share and per ADS in Q3 FY13. Analysts from Bloomberg had expected the company to report net loss of $24.2 million, or $0.14 loss per diluted share, in Q3 FY14. Further, on an adjusted non-GAAPbasis, the company reported net loss of RMB 112.0 million ($18.2 million) and loss per diluted share and per ADS of RMB 0.62 ($0.10), compared to non-GAAP net loss of RMB 226.6 million and non-GAAP diluted loss per share and per ADS of $1.45.

Mr. Liansheng informed that the company continued to successfully improve its operating profitability through on-going efforts on cost reduction and effective operating expenses control. Liansheng added that the Company's operating income in Q3 FY14 turned into positive for the first time since Q2 FY11. He also stated that in Q3 FY14, Yingli Green Energy continued to see a remarkable demand for Yingli Solar modules from key markets, such as China, Japan and other new emerging markets. In particular, the company's shipments to new emerging markets in Q3 FY14 increased by approximately 17% Q-o-Q. Sign up and read the free analyst's notes on YGE at:

http://get.Investor-Edge.com/pdf/?c=Yingli%20Green%20Energy%20Holding&d=18-Dec-2014&s=YGE

On the basis of current market and operating conditions, the estimated production capacity and forecasted customer demand, Yingli Green Energy has raised its FY14 current PV module shipment target to a range of 3.30GW to 3.35GW (including 200 to 240MW shipment for PV systems), reflecting an increase of 3.0% to 4.6% from FY13.

Stock Performance  

On the day of the earnings release, November 25, 2014, Yingli Green Energy's stock ended the session at $2.88, down 3.68%. Since then, the company's stock has mostly witnessed a negative trend. On the last close, Wednesday, December 17, 2014, Yingli Green Energy's shares finished 2.38% lower at $2.05. The company's shares vacillated between $1.87 and $2.13 during the session. A total of 4.65 million shares were traded, which was above its three months average volume of 2.47 million shares. Over the previous three trading sessions and over the last one month, the company's shares have declined 9.69% and 22.35%, respectively. Further, the stock has plummeted 59.41% since the beginning of 2014. Shares in Yingli Green Energy closed below their 50-day and 200-day moving averages of $2.73 and $3.48, respectively. Furthermore, the stock has a Relative Strength Index (RSI) of 27.99. Visit Investor-Edge and access the latest research on YGE at:

http://get.Investor-Edge.com/pdf/?c=Yingli%20Green%20Energy%20Holding&d=18-Dec-2014&s=YGE

Sneak Peek to Corporate Insider Trading 

In the last one month Yingli Green Energy has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on YGE is available at:

http://get.Investor-Edge.com/pdf/?c=Yingli%20Green%20Energy%20Holding&d=18-Dec-2014&s=YGE

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