Industry News

Yingli Green Energy Reports Second Quarter 2010 Results

August 20, 2010

Yingli Green Energy Holding Company Limited a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," today announced its unaudited consolidated financial results for the quarter ended June 30, 2010.

Gross Margin Reached Historical High of 33.5%
13.7% and 5.6% Increase in GAAP and Non-GAAP Diluted EPS Quarter over Quarter.
Company Reaffirmed Shipment Guidance and Raised Gross Margin Guidance for Full Year 2010

"The past few months have been very exciting for us in many ways," said Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "In the second quarter of 2010, we achieved a mid teen percent sequential increase in PV module shipment volume and realized a record high gross margin of 33.5%."

"In addition to delivering solid operational results, the Company also reached important milestones on many other fronts. In terms of marketing, our 2010 FIFA World Cup sponsorship has made a huge splash. As the market for distributed electricity generation is expanding in many major solar markets, the power to influence and decide the solar industry's future is rapidly vesting to the general public. We believe our groundbreaking 2010 FIFA World Cup sponsorship project, accompanied by a series of marketing initiatives, has effectively boosted our brand recognition both within and outside of the conventional solar community, which is expected to greatly enhance our competitive advantages in this new era. Furthermore, supported by our reliable products and services, we expect to enjoy a pricing premium and receive stronger demand as a result of our ever-increasing brand equity."

Source: www.yinglisolar.com