Yingli sees 40% Q4 shipments boost

China’s Yingli Solar – likely to have been the world’s largest supplier of PV modules last year – says that its fourth-quarter shipments were up 40% sequentially, becoming the second major Chinese player this week to offer a rosy preliminary glimpse of its end-of-year performance.

The 40% jump on third-quarter shipments was “significantly higher” than its previous guidance of a “low teens” increase, and means the company’s full-year shipments hit 2.3GW, as surging Chinese demand boosts domestic champions. That puts it ahead of 2011 global number-one Suntech with about 1.8GW last year.

Earlier this week, Yingli's rival JA Solar said its fourth-quarter shipments had reached 480MW-500MW, far exceeding its prior guidance of 380MW-420MW, and leaving it with a full-year performance of 1.68GW-1.7GW.

To date, Yingli has been a key beneficiary of China’s Golden Sun Log in to read complete article.

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