BAODING, China, Aug. 28, 2015 /PRNewswire/ -- Yingli Green Energy
Holding Company Limited ("Yingli" or "Yingli Solar") (NYSE:YGE), one of the world's
leading solar panel manufacturers, today announced that it plans to
release its unaudited financial results for the quarter
ended June 30, 2015, before the U.S. market opens on
September 8, 2015.
Based upon preliminary data, the Company estimates that its PV
module shipments in the second quarter of 2015 were in the range of
720-730MW, which was within the range announced in the previous
guidance. The Company estimates its overall gross margin in the
second quarter of 2015 was in the range of 6% to 7%, while the
gross margin for the sale of PV module was in the range of 7% to
8%, as a result of a decline in the average selling price of PV
modules and an increase in the manufacturing cost due to a
lower-than-expected utilization rate of production capacity, more
shipments to China market and the
depreciation of Euro and Japanese Yen against Renminbi. The
decrease in average selling price of PV modules and more shipments
to China had a negative effect on
the Company's total net revenues for the second quarter of 2015.
The Company plans to disclose new full year shipment guidance for
2015 when it releases its unaudited financial results for the
quarter ended June 30, 2015.
In order to help investor learn more about its unaudited
financial results for the quarter ended June 30, 2015, the
Company will hold a conference call and live webcast to discuss the
results at 8:00 AM U.S. Eastern Daylight Time
on September 8, 2015, which corresponds to 8:00 PM
Beijing/Hong Kong time on the same day.
The dial-in details for the live conference call are as
follows:
U.S. Toll Free Number: +1-866-519-4004
International Dial-in Number: +1-845-675-0437
Passcode: 14832918
A live and archived webcast of the conference call will be
available on the Investors section of Yingli Green
Energy's website at www.yinglisolar.com. A replay will be
available shortly after the call on Yingli Green
Energy's website for 90 days.
A replay of the conference call will be available
until September 15, 2015 by dialing:
U.S. Toll Free Number: +1-855-452-5696
International Dial-in Number: +1-646-254-3697
Passcode: 14832918
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli Solar," is one of the
world's leading solar panel manufacturers. Yingli Green Energy's
manufacturing covers the photovoltaic value chain from ingot
casting and wafering through solar cell production and solar panel
assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30
regional subsidiaries and branch offices and has distributed more
than 13 GW solar panels to customers worldwide. For more
information, please visit www.yinglisolar.com and join the
conversation on Facebook, Twitter and
Weibo.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target" and
similar statements. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond Yingli Green Energy's control.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results to differ materially from
those contained in any such statements. Potential risks and
uncertainties include, but are not limited to, uncertainties as to
Yingli Green Energy's ability to meet the standards necessary to
maintain listing of its ADSs on the NYSE or other stock exchange,
including its ability to cure any non-compliance with NYSE's
continued listing criteria. Further information regarding these and
other risks, uncertainties or factors is included in Yingli Green
Energy's filings with the U.S. Securities and Exchange Commission.
Yingli Green Energy does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For further information, please contact:
In China:
Qing Miao
Vice President of Corporate Communications
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
In the Americas:
Tori Clifford
Director
of Marketing
Yingli Green Energy Americas Inc.
Tel: +1 415 728 0472
Email: tori.clifford@yingliamericas.com
In Europe:
Carolin
Stahler
Marketing Communications Manager Europe
Yingli Green Energy Europe GmbH
Email: pr.eu@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited