Yingli, among the largest and most vertically integrated PV manufacturers in the world, swallowed a net loss of 280.2m yuan ($45m) in the first quarter, as the global supply gut continues to erode profitability across the industry.
However, its revenues clocked in at $500m – significantly higher than any of its Chinese peers, and it forecast full-year module shipments of 2.4-2.5GW,
