Yingli beats Q2 shipment guidance, but gross margin falls short

Yingli Green Energy, the debt-plagued Chinese PV giant, expects to blow past its shipment guidance for the second quarter of 2016 but fall short of its gross margin guidance, as it sold fewer modules into higher-priced foreign markets.

8 August 2016 13:47 GMT Updated 25 October 2016 16:01 GMT

By Karl-Erik Stromsta in New York

Announcing its preliminary results, Yingli says it maintained “positive momentum” in the second quarter, having reported a net profit in the first quarter for the first time in more than four years.

Yingli shipped 630-660MW in the second quarter, exceeding its guidance of 580-620MW – and handily surpassing the 508MW it shipped in the first quarter of 2016.

However, the company’s gross margin shrank to 17-19%, below its 18-20% guidance.

The

Recharge is part of DN Media Group. To read more about DN Media Group, click here

Solar

Yingli beats Q2 shipment guidance, but gross margin falls short