Following its first profitable quarter in nearly 5 years, Yingli Green Energy is predicting it will “maintain a positive momentum” with its 2nd quarter earnings, according to new preliminary financial results.
Yingli Green Energy, also known as Yingli Solar, is in the habit of publishing “preliminary financial results” in advance of its official quarterly earnings reports. In early June of this year, the company predicted it would report a positive net income for the first time since the 3rd quarter of 2011, and announced later that month it had done just that. In an announcement published on Monday, Yingli Green Energy said it would publish its 2nd quarter financial results on August 23, and predicted that these results would “maintain a positive momentum into the second quarter of 2016.”
The company is expecting to post a net profit margin of between 2.5% and 3.5% for Q2’16, with total estimated PV module shipments (including shipments to Yingli Solar’s own downstream projects) in the range of 630 MW to 660 MW — exceeding guidance it had given earlier this year of 580 MW to 620 MW.
Further, the company is estimating its overall gross margin for Q2’16 will be in the range of 17% to 19%, slightly down on Q1’16, due mainly to the lower average selling price of its PV modules in the 2nd quarter, which itself was a result of a higher proportion of shipments to China in Q2, where the selling price of PV modules is generally lower than that found in other markets.
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