Yingli sees negative margins on lower quarterly shipments

Chinese PV manufacturer Yingli says it expects module shipments for the third quarter of 2012 to come in about 17% lower than the prior three months.

In preliminary results, the company predicts a gross margin in the negative range of 22% to 24% for the quarter, when it will also make a non-cash provision for inventory and depreciation relating to underused capacity.

But Yingli will also reverse a provision made in its first quarter for US duties following the federal government’s final verdict on trade duties against Chinese solar imports, which was partially favourable to the company.

New York-listed Yingli says without the effects of the various charges and provisions, its quarterly gross margin would be in Log in to read complete article.

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