BAODING, China, Nov. 28, 2016 /PRNewswire/ --
To announce third quarter 2016
financial results on December 8,
2016
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli
Green Energy" or the "Company"), one of the world's leading solar
panel manufacturers, today announced that it plans to release its
unaudited financial results for the third quarter
ended September 30, 2016, before the U.S. market opens
on Thursday, December 8, 2016.
Based upon preliminary data, the Company estimates that its PV
module shipments in the third quarter of 2016 were in the range of
360MW to 370MW, which was within the range announced in the
previous guidance. The Company estimates its overall gross margin
in the third quarter of 2016 was in the range of 5% to 6%, while
the gross margin from the sale of PV modules was in the range of 6%
to 7%, which was lower than previous guidance mainly as a result of
an inventory provision that is expected to be recorded in the third
quarter and an increase in the unit manufacturing cost due to a
lower utilization rate of production capacity.
These preliminary, unaudited third quarter results are based on
management's preliminary review of operations for the third quarter
of 2016 and remain subject to change based on management's ongoing
review of the third quarter results.
In order to help investor learn more about its unaudited
financial results for third quarter 2016, the Company will hold a
corresponding conference call and live webcast to discuss the
results at 8:00 AM Eastern Standard Time on December 8, 2016, which corresponds to 9:00
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: 12438040
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
December 16, 2016 by
dialing:
U.S. Toll Free Number: +1-855-452-5696
International Dial-in Number: +1-646-254-3697
Passcode: 12438040
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli" or "Yingli Solar", is
one of the world's leading solar panel manufacturers. Yingli'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 has more than 30 regional
subsidiaries and branch offices and has distributed more than 17GW
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'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. Further information
regarding these and other risks, uncertainties or factors is
included in Yingli's filings with the U.S. Securities and Exchange
Commission. Yingli 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:
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
Email: ir@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited