Yingli Green Energy Lifts Q4 PV Module Shipment Guidance - Quick Facts

(RTTNews) - Yingli Green Energy Holding Company Limited (YGE), vertically integrated photovoltaic or PV manufacturer, known as Yingli Solar, announced that it now estimates its PV module shipment in the fourth quarter of 2013 increased by 11% to 12% from the third quarter of 2013, which is better than its previous guidance of a mid-to-high single digit percent increase.

Additionally, the company estimates its overall gross margin in the fourth quarter of 2013 to be in the range of 12% to 13%, compared with its previous guidance of 14% to 16%, primarily due to the year-end tax adjustment as a result of the implementation of the revised VAT exemption, offset, and refund policy, together with the disposal of low efficiency PV cell inventory.

Excluding the year-end tax adjustment and disposal of PV cell inventory, gross margin for sale of PV modules is expected to be in the range of 14% to 15% in the fourth quarter of 2013.

The company also reiterated its PV modules shipment guidance of 3.2GW to 3.3GW for fiscal year 2013.

The company noted that it will schedule a conference call and live webcast to discuss its unaudited financial results for the quarter and full year ended December 31, 2013 at 8:00 AM Eastern Standard Time (EST) on March 18, 2014.