Full Year 2012 Module Shipment Exceeds 2.2 GW
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," announced that, according to preliminary data, the Company expects its module shipment for the fourth quarter of 2012 to reach a new historical high. Therefore, the module shipment for full year 2012 is expected to be more than 2.2 GW, beating the high end of its full year shipment guidance of 2.1 GW to 2.2 GW.
"Despite the tremendous challenges to the global PV industry, we're extremely inspired to have continuously expanded our market share throughout 2012 not only in the existing markets but also a number of emerging markets," said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "According to public data to date, we believe that Yingli has evolved into the world's largest PV module supplier. This significant milestone is attributable to our well-known brand, superior product quality and competitive cost structure. Furthermore, we wouldn't have achieved this without the continuous support from our customers and suppliers. We look forward to working more closely with our partners in 2013 to embrace more growth opportunities."