Yingli Solar scores in US, China

Yingli is an enthusiastic sponsor of football

Yingli is an enthusiastic sponsor of football

Yingli, the world’s largest maker of PV modules, nearly halved its net loss during the second quarter and significantly fattened its gross margin, on strength in the Chinese and US markets.

Although the Baoding-based company’s performance in areas like revenues and shipments improved at a slower pace than some of its rivals, it did so from a higher base, leaving it firmly in the pole position.

Unlike many tier-one Chinese module suppliers who have upped their shipment guidance for the whole of 2013, Yingli has held its guidance steady at 3.2GW-3.3GW – by far the industry’s highest.

Trina Solar, Yingli’s closest Chinese competitor in terms of module volumes, has guided for 2.3GW-2.4GW this year.

Yingli’s quarterly revenue of $550.4m was significantly higher than Log in to read complete article.

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