Chinese expanding production into mounting losses

Yingli Green Energy registered net loss of $509.8 million in 2011

29.02.2012: Chinese solar module manufacturer Yingli Green Energy Holding Co. Ltd. posted a net loss of $509.8 million for full-year 2011 even though annual module shipments increased 51.1 percent year-over-year. The company forecasts module shipments will grow again by about 50 percent next year, increasing from 1.6 GW in 2011 to between 2.4 and 2.5 GW in 2012. Chairman and CEO of Yingli Green Energy, Liansheng Miao, said the company strengthened its position in Germany, China and the US last year, adding the company would continue to invest in Germany and other European markets in 2012. Miao also said the company is on track to add another 750 MW of manufacturing capacity in China this year. … Source: Yingli Green Energy Holding Co. Ltd., Summary: PHOTON http://www.yinglisolar.com http://ir.yinglisolar.com/phoenix.zhtml?c=213018&p=irol-newsArticle&ID =1667156&highlight= The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/61533.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com