trending Market Intelligence /marketintelligence/en/news-insights/trending/0FD9f8HqF-6CqmescyRZUA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Yingli books higher Q3 revenues, net loss widens

COVID-19 Lockdown Boosted Growth Of Digital Platforms

Q2: U.S. Solar and Wind Power by the Numbers

Mining Exploration Insights – September 2020

Amid Pandemic, Airlines Forge a New Survival Metric: Daily Cash Burn


Yingli books higher Q3 revenues, net loss widens

China-based solar developer Yingli Green Energy Holding Co. Ltd. on Dec. 19 reported its unaudited consolidated financial results for the 2017 third quarter.

The company reported total net revenues of 1.68 billion yuan, up from 1.46 billion yuan in the third quarter of 2016. Photovoltaic module shipments for the third quarter totaled 597.7 MW, compared to 1,146.6 MW in the second quarter and 365.3 MW a year ago.

Chairman and CEO Liansheng Miao said the results reflect a significant decline in demand in China as a result of a reduction of a feed-in-tariff for solar installations after June 30.

Miao said that demand for distributed generation maintained strong momentum in China, causing the company to adjust its market strategy to focus on smaller projects. In Europe, he said the company was continuing to restructure is sales network.

Net loss attributable to the company for the quarter widened to 2.34 billion yuan from 335.4 million yuan a year ago. Loss per American Depositary Share, or ADS, was 129.0 yuan, or US$19.4, compared to a loss per ADS of 18.5 yuan in the third quarter of 2016. The S&P Capital IQ GAAP estimate for the quarter was a loss per ADS of US$2.61.

On an adjusted non-GAAP basis, net loss was 330.0 million yuan, compared to 345.3 million yuan in the third quarter of 2016. Loss per ADS for the quarter totaled 18.2 yuan, or US$2.7, compared to 14.5 yuan a year ago.

Operating expenses for the quarter were 2.29 billion yuan, or US$344.7 million, compared to 307.1 million yuan in the comparable quarter in 2016.

The company said it expects photovoltaic module shipments to be in the range of 700 MW to 800 MW for the fourth quarter of 2017 and raised its 2017 full-year photovoltaic module shipments guidance to 2.8 GW to 2.9 GW.

As of December 18, US$1 was equivalent to 6.62 Chinese yuan.