29 Apr '16, 10am

Yingli Green delays financial reporting on liquidity issues

Yingli Green delays financial reporting on liquidity issues

Yingli Green said that module shipments were 2,357MW in 2015, down from 3,101MW in 2014. Updated: Struggling major solar PV manufacturer Yingli Green Energy, as expected, has officially delayed filing its fourth quarter and full-year 2015 results as it needs more time to gauge its overall liquidity issues. Not surprisingly, Yingli Green noted that it expected to disclose in its annual report that there remains substantial doubt over its ‘going concern’ status, which proved to be a shock for the industyry in its 2014 filing. Yingli Green said it expected a loss for 2015 in the range of RMB5.8 billion to RMB5.9 billion (US$894.1 million to US$909.7 million), compared to a net loss of RMB1.3 billion in 2014. Revenue is expected to be in the range of RMB10.0 billion to RMB10.2 billion (US$1.54 billion to US$1.57 billion), decreased from net revenue of RMB12.9 billion in 2014, ...

Full article: http://www.pv-tech.org/news/yingli-green-delays-financial...

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