On November 7th, 2011, Yingli Green Energy Holding Company Ltd. (Baoding, China) decreased its guidance for the third quarter of 2011, stating that it expects shipments to increase by a "low twenties" percentage over the second quarter of 2011, from the previous guidance of a "high twenties" percentage.

Yingli also stated that it now expects a gross margin of 10% to 11% in the third quarter of 2011. For the full year 2011, the company now anticipates PV module shipments in the range of 1.58 GW to 1.63 GW, a 7% decrease from its previous guidance of 1.7 to 1.75 GW.

Gross margin includes USD 40 million inventory provision

Yingli notes that its gross margin for the third quarter of 2011 includes a non-cash inventory provision of roughly USD 40 million, and that excluding this provision gross margin would be in the range of 16% to 17%.

Yingli has traditionally reported some of the highest gross and operating margins among large Chinese PV manufacturers. However, Yingli's margins declined sharply in the first and second quarters of 2011, as did those of its competitors.

The company will release full unaudited financial results for the third quarter of 2011 on November 23rd, 2011.

2011-11-08| Courtesy: Yingli Green Energy Holding Company Ltd. | solarserver.com © Heindl Server GmbH

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