Yingli Solar has announced its preliminary financial results for the second quarter of 2015. In the unaudited financial results for the quarter, Yingli Solar reported a decline in the average selling price (ASP) of PV modules and an increase of shipments to China, which will impact the company’s annual revenue.
Based upon preliminary data, Yingli Solar estimates that its PV module shipments in the second quarter of 2015 were in the range of 720-730MW, which was within the range announced in the previous guidance. The Company estimates its overall gross margin in the second quarter of 2015 was in the range of 6% to 7%, while the gross margin for the sale of PV module was in the range of 7% to 8%, as a result of a decline in the average selling price of PV modules and an increase in the manufacturing cost due to a lower-than-expected utilization rate of production capacity, more shipments to China market and the depreciation of Euro and Japanese Yen against Renminbi. The decrease in average selling price of PV modules and more shipments to China had a negative effect on the Company's total net revenues for the second quarter of 2015. The Company plans to disclose new full year shipment guidance for 2015 when it releases its unaudited financial results for the quarter ended June 30, 2015.
Yingli Solar will hold a conference call and live webcast to discuss the results at 8:00 AM U.S. Eastern Daylight Time on September 8, 2015, which corresponds to 8:00 PM Beijing/Hong Kong time on the same day. For details: //www.yinglisolar.com/en/