Yingli sees higher Q4 shipments

Global PV module number-one Yingli Solar said it shipped more panels than expected in the fourth quarter of 2013.

Yingli’s preliminary figures show a Q4 increase of 11%-12% compared to the preceding third quarter.

The company had previously guided a “mid-to-high single digit percent” uplift.

Yingli left its full year 2013 guidance unchanged at 3.2GW-3.3GW.

But it said fourth-quarter gross margin would be in the 12%-13%, compared to a previous 14%-16% estimate.

That is mainly due to a year-end tax adjustment, it said.

Yingli will release its final 2013 results on 18 March.