Yingli Green Estimates Net Income For Q1 - Quick Facts

(RTTNews) - Yingli Green Energy Holding Company Limited (YGE) announced, based upon preliminary data, the company estimates that its net income for the first quarter of 2016 turned into positive for the first time since the third quarter of 2011, with an estimated net margin of 2.5% to 4.5%.

The company estimates that its PV module shipments in the first quarter of 2016 were in the range of 500-510MW, which were at the high end of its previous guidance of 480 MW to 510 MW. The company also estimates that its overall gross margin in the first quarter of 2016 was in the range of 18.5% to 20.5%.