Yingli:Q1 2013 module shipments exceed previous guidance

Baoding, China - Yingli Green Energy Holding Company Limited announced its preliminary financial results for the quarter ended March 31, 2013.

Based upon preliminary data, the Company expects its PV module shipment in the first quarter of 2013 to decrease by 6% to 7% from the fourth quarter of 2012, better than its previous guidance of a low-to-mid teen percent decrease from the fourth quarter of 2012. The Company expects its overall gross margin in the first quarter of 2013 to be in the range of 4.0% to 4.2%, which is in line with its previous guidance of low-to-mid single digit percent. The Company will schedule a conference call and live webcast to discuss its unaudited financial results for the quarter ended March 31, 2013 on May 30, 2013.

Source: IWR Online, 22 May 2013