The debt-riddled manufacturer says it shipped 630MW to 660MW of solar panels in the three months to June 30, above its initial guidance of 580MW to 620MW, according to an online statement.
However, it expects to post a gross margin of 17%-19% down from the first three months of 2016 and slightly below its guidance due to a quarter-on-quarter decline in the average selling price (ASP) of its solar panels.
The Baoding-based supplier attributed the lower gross margin to the higher proportion of modules it shipped in the second quarter to the Chinese market, where ASPs are broadly lower than in other global solar markets.
However, the company claims that it remained on a positive growth track throughout the second quarter, with an anticipated net profit margin of 2.5% to 3.5%, based on preliminary results.
Yingli which will likely be less reliant on Chinese demand in the third quarter, as the pace of project development in the country slows in the final six months of the year plans to release its unaudited second-quarter results on August 23.??
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.