Yingli turns a profit for the first time in years but shipments drop

Yingli, the debt-plagued PV giant, saw a net income of RMB 71.8 million ($10.8 million) in the three month period,compared to a net loss of RMB 598.1 million in the same period of last year. As previously announced in its preliminary results, the quarter was the first profitable quarter since the third quarter of 2011.

Revenues were RMB 2.5 billion, a slight drop compared to RMB 2.7