Yingli Green Energy Holding Company Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Operating Guidance for the Third Quarter and Full Year of 2017
For the six months, the company reported total net revenues of RMB 4,875,106,000 compared to RMB 4,411,847,000 a year ago. Income from operations was RMB 344,698,000 compared to loss from operations of RMB 284,343,000 a year ago. Income before income taxes was RMB 158,930,000 compared to loss before income taxes of RMB 536,172,000 a year ago. Net income loss attributable to the company was RMB 151,391,000 or RMB 0.83 per basic and diluted share compared to net loss attributable to the company of RMB 482,052,000 or RMB 2.65 per basic and diluted share a year ago. Earnings per ADS were RMB 8.3 compared to loss per ADS of RMB 26.5 a year ago.
Based on current market conditions, the company's current operating conditions, estimated production capacity and forecasted customer demand, the company expects its PV module shipments to be in the estimated range of 550MW to 600MW for the third quarter of 2017. The company revises the shipments guidance for full year of 2017 from 2.1-2.2GW to 2.5-2.8GW.