Chinese state-owned asset-management firm interested in Yingli’s debt restructuring - Reports

Yingli has not reported a profit since Q2 2011. Credit: Yingli Green

China Cinda Asset Management, a Chinese state-owned asset management company is reportedly interested in participating in the debt restructuring of struggling module manufacturer Yingli Green Energy Holding.

Yingli Green has not expanded capacity for several years due to its large debts and overall financial position, which led to curtailment of module production and a partial shift to OEM module sales to boost liquidity issues in the second half of 2015.

The company has fallen several ranking positions for global solar module manufacturers, having been being ranked second in 2014 and tumbling to seventh in 2015. 

Tags: china, yingli, chinda