Vertically integrated Chinese solar manufacturer Yingli Green Energy has been granted a 15-day extension to prepare and publish its 2014 annual finance reports, the company revealed today.
The delay permits Yingli to file its annual report on May 15, fifteen days after the prescribed due date of April 30. Yingli claims that it needs more time to "prepare and review its consolidated financial statements as of and for the year ended December 31 2014", and has submitted Form 12b-25 to the Securities and Exchange Commission.
The delay follows a previous announcement from the Chinese company that it had agreed pre-funding payment of approximately $207 million to China Government Securities Depository Trust and Clearing Company Limited, in a move that some industry watchers believe was a sign that the company is intent on allaying fears over its long-term financial health.
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