Yingli reassures on debts as it posts new loss, trims guidance

Chinese PV group Yingli Solar insisted it will be able to continue servicing its debts, as the company – which panicked investors with a warning over its solvency last month – posted yet another quarterly loss and nudged down its full-year shipment guidance.

5 June 2015 13:24 GMT Updated 28 September 2016 9:35 GMT

By Andrew Lee in London

Yingli saw its shares plunge in May after it flagged up “substantial doubt” over its ability to remain solvent.

The company quickly mounted a reassurance offensive, and releasing its first quarter results today said it “will continue to reduce our debt exposure through a combination of alternative financing solutions in order to optimise our debt structure and improve our financial condition”.

Yingli

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