This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Yingli Green Energy Announces Preliminary Financial Results For Fourth Quarter And Full Year 2012

Stock quotes in this article: YGE





BAODING, China, Feb. 22, 2013 /PRNewswire/ --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 ("PV") manufacturers, which markets its products under the brand " Yingli Solar", today announced its preliminary financial results for the fourth quarter and full year ended December 31, 2012.(Logo: http://www.prnasia.com/sa/2012/04/01/20120401160439160364.jpg )

Based on preliminary data, the Company currently expects its PV module shipment in the fourth quarter of 2012 to increase by approximately 40% from the third quarter, significantly higher than its previous guidance of low teen percentage increase from the third quarter. Full year 2012 PV module shipment is expected to reach approximately 2.3 GW, significantly higher than the high end of its full year shipment guidance of 2.1 GW to 2.2 GW.

In the fourth quarter of 2012, the Company expects to recognize a non-cash charge of inventory provision and to be negatively impacted by a depreciation expense related to underutilized capacity. As a result, the Company expects its gross margin in the fourth quarter of 2012 to be in the range of negative 8% to 8.5%.

The Company will schedule a conference call and live webcast to discuss its unaudited financial results for the fourth quarter and full year ended December 31, 2012 at 8:00 AM Eastern Standard Time on March 4, 2013, which corresponds to 9:00 PM Beijing/ Hong Kong time on the same day.

The dial-in details for the live conference call are as follows:

    -- U.S. Toll Free Number: +1-866-519-4004

    -- International Dial-in Number: +1-718-354-1231

    -- Passcode: 12754231

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,742.30 -62.41 -0.37%
S&P 500 1,941.21 -4.95 -0.25%
NASDAQ 4,405.67 -16.4150 -0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs