Yingli Green increases Q2 module shipment guidance

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Yingli Green said that it expected quarterly PV modules in the range of 630MW to 660MW, compared to previous expectations of 580MW to 620MW. Credit: Yingli

Struggling ‘Silicon Module Super League’ (SMSL) member Yingli Green Energy has issued preliminary second quarter financial results, highlighting stronger than expected PV module demand, notably in China. 

Yingli Green said that it expected quarterly PV module shipments in the range of 630MW to 660MW, compared to previous expectations of 580MW to 620MW. The increase was said to be due to a higher proportion of shipments to China.

However, this would slightly impact margins (lower ASP), said to be in the range of 17%-19% for the second quarter of 2016. The company noted that it expected a net profit margin of 2.5% to 3.5% in the quarter.

Yingli Green is expected to release full second quarter results on August 23, 2016.

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